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ExtremeBDS [4]
2 years ago
11

you owe 8000 on a motorcycle loan the bank charges a compound interest rato 10.9% poor per year per year if you don't make any p

ayments on the loan how much will you owe after 5 years round to your nearest whole cent
Mathematics
1 answer:
Andru [333]2 years ago
6 0
I=P(1+(r/n))^nt      
I is the value owed
r is the rate in a decimal
n is the times compounded (annually =1, quarterly =4, monthly =12 etc.)
t is time invested
I=8000(1+(.109/1))^5x1
I=8000(1.109)^5
I=8000(<span>1.67748)
$13419.84</span>
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In a cave, a stalactite gets 44 millimeters longer each year. this year it is 72 centimeters long. how many years until it is 1
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Answer:

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Step-by-step explanation:

First, I'm going to convert all measurements to meters.

Since 1000 mm = 1 m, divide 44 by 1000.

44/1000 = 0.044 m

Since 100 cm = 1 m, divide 72 by 100.

72/100 = 0.72 m

Next, I'm going to setup an equation using y = mx + b.

b is the beginning amount which is 0.72.

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y represents the total which is 1.

Plugin the numbers and solve for x.

1 = 0.044x + 0.72

1 - 0.72 = 0.044x + 0.72 - 0.72

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