3 years ago

What is the total balance for a loan of $400 compounded annually that has a rate of 11% for 4 years

Mathematics

2 answers:

natima [27]3 years ago

7 0

11 percent of 400 is 44, making it 576 dollars

AURORKA [14]3 years ago

4 0

Answer: 579.39

Step-by-step explanation:

P×R×T

400×11%×31/365 to get interest rate per month= 3.737

Total interest- 3.737×12×4= 179.38

Total interest plus principal =Total balance = 579.39

You might be interested in

20 POINTS

dmitriy555 [2]

Answer:

Step-by-step explanation:

Its correct corrdenates are -8, 1 and 5, -3

6 0

3 years ago

Read 2 more answers

Nicole earns $40,768 per year, what are her weekly gross earnings?

Karolina [17]

($40768/y)(y/52w)=$784/week

Seven hundred and eighty-four dollars per week.

4 0

3 years ago

Read 2 more answers

BRAINLIEST

kenny6666 [7]

Answer:

B. 1 1/3

Step-by-step explanation:

$\frac{5}{6} + \frac{3}{6} = \frac{8}{6}$

$\frac{8}{6} = \frac{4}{3}$

three can go into 4 once, so we have a whole number of 1 and a leftover 1/3.

= $1\frac{1}{3}$

hope this helps :)

4 0

2 years ago

Read 2 more answers

What is CBY I got it wrong

11Alexandr11 [23.1K]

Answer:

CBY Stands for Cry Baby Yodleman

Step-by-step explanation:

hope this helps

would appreciate brainliest

4 0

3 years ago

What is the equation of the line that passes through the point <br> (−2,0) and has a slope of 5/2?

IRINA_888 [86]

Answer: The equation of a line is typically written as y=mx+b where m is the slope and b is the y-intercept.

Step-by-step explanation:

5 0

3 years ago