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ryzh [129]
3 years ago
11

a bank charges a simple interest of 3.5% on a loan of $5000 to be paid back over a period of 3 years. How much will the borrower

pay in total after three years of paying the required amount?
Mathematics
1 answer:
user100 [1]3 years ago
6 0

Answer: The monthly payments for a $5,000 loan would $146.51.

Step-by-step explanation: How it looks in the TVM Solver formula:

N = 36 ( 3 (years) x 12 (monthly payments) )

I% = 3.5%

PV = $5,000

PMT = 146.51 (or 146.08 if you choose BEGIN)

FV = 0

P/Y = 12 (months)

C/Y = (12 (months)

PMT: <u>END</u> | BEGIN

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1. y=900(1.27)^x
Sophie [7]

Answer:

The initial value is 900

It is experiencing exponential growth by 27%

Step-by-step explanation:

Exponential functions are in the form y=a(b)^x, where a is the initial value, b is the multiplier, and x is the input, such as how many years past a certain date.

Exponential growth is when the multiplier is above 1.00, or above 100%, because b is determined by 1 + r if you have exponential growth, or 1 - r if you have exponential decay. You will never use negatives with exponential decay.

7 0
2 years ago
PLEASE ANSWER AS SOON AS YOU SEE THIS
jeka57 [31]

Answer:2

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
If 2 liters of sea water contain 70 grams of salt, how much salt is in 32 liters of sea water?
OLga [1]

Answer:

1120 grams

Step-by-step explanation:

The amount of sea water is directly proportional to the amount of salt in the water.

Let the amount of sea water be W and the amount of salt be S.

This means that:

W α S

=> W = kS

where k = constant of proportionality

2 liters of sea water contain 70 grams of salt Therefore:

2 = k * 70

k = 2 / 70 = 1/35

Therefore, for 32 liters of sea water:

32 = 1/35 * S

S = 35 * 32

S = 1120 grams

There are 1120 grams of salt in 32 liters of water.

5 0
3 years ago
The table shows a proportional relationship between the number of meals and the cans of food used to prepare the meals. 
goblinko [34]
Don't know srry to I tried to answer dude
4 0
3 years ago
A clothing store has the sign shown in the shop window Pani sees the sign and wants to buy 3 shirts and 2 pairs of jeans The cos
lutik1710 [3]

Answer:


$59



Step-by-step explanation:


There is a discount of $3 on price of shirt and jeans [both]



Shirt (per unit cost):


Before Discount: $12


After Discount: $12 - $3 = $9



Jeans (pair cost):


Before Discount: $19


After Discount: $19 - $3 = $16



Pani wants to buy 3 shirts and 2 pair of jeans. So her cost would be:


59 dollars.



5 0
3 years ago
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