Answer:
Step-by-step explanation:
Step-by-step explanation:
The formula for simple interest is expressed as
I = PRT/100
Where
P represents the principal
R represents interest rate
T represents time in years
I = interest after t years
Considering the 36-month loan,
T = 36 months = 36/12 = 3 years
P = $15000
R = 6.5%
Therefore
I = (15000 × 6.5 × 3)/100
I = 292500/100
I = $2925
Considering the 48-month loan loan,
T = 48 months = 48/12 = 4 years
P = $15000
R = 7.5%
Therefore
I = (15000 × 7.5 × 4)/100
I = 450000/100
I = $4500
The difference in the amount of interest Ella would have to pay for these two loans is
4500 - 2925 = $1575
Answer:
r = 50 degrees.
Step-by-step explanation:
r = 50 degrees ( vertical angles are congruent).
Answer:
35
Step-by-step explanation:
mutilply the 3 by the 9 subtract dez uts
Answer: 128 inches
Step-by-step explanation:
let's start with the perimeter: the perimeter is the total length to the sides/edges of a shape.
since we're dealing with a rectangle, there will be 4 sides
two lengths & two widths
so 48+48+16+16=128 inches
Answer:
Step-by-step explanation:
Each successive year, he
earned a 5% raise. It means that the salary is increasing in geometric progression. The formula for determining the nth term of a geometric progression is expressed as
Tn = ar^(n - 1)
Where
a represents the first term of the sequence(amount earned in the first year).
r represents the common ratio.
n represents the number of terms(years).
From the information given,
a = $32,000
r = 1 + 5/100 = 1.05
n = 20 years
The amount earned in his 20th year, T20 is
T20 = 32000 × 1.05^(20 - 1)
T20 = 32000 × 1.05^(19)
T20 = $80862.4
To determine the his total
earnings over the 20-year period, we would apply the formula for determining the sum of n terms, Sn of a geometric sequence which is expressed as
Sn = (ar^n - 1)/(r - 1)
Therefore, the sum of the first 20 terms, S20 is
S20 = (32000 × 1.05^(20) - 1)/1.05 - 1
S20 = (32000 × 1.653)/0.05
S20 = $1057920
