Answer: $139390 must be paid back.
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = amount to be played back at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount borrowed.
From the information given,
P = 41000
r = 8.5% = 8.5/100 = 0.085
n = 1 because it was compounded once in a year.
t = 15 years
Therefore,
A = 41000(1 + 0.085/1)^1 × 15
A = 41000(1 + 0.085)^15
A = 41000(1.085)^15
A = $139390
Answer:
122 km/h
138 km/h
Step-by-step explanation:
distance = speed * time
One bus travels 16 km/h slower than the other
(s * 2) + (s - 16)2 = 520
2s + 2s - 32 = 520
4s = 552
s = 552/4
s = 138 km/h
s - 16 = 122 km/h
Answer:
-2
Step-by-step explanation:
from one point to another, you go down 2 and over 1
Answer:
Step-by-step explanation:
Answer-116
Alexandra's gross annual salary is $38,556. The maximum amount of rent she can afford to pay can be determined by first solving for her monthly gross salary.
Monthly Salary = ($38,556/ 12 months) = $3,213
Assuming that the amount allocated for her rent is 30% of her monthly salary, the maximum amount of rent that she can afford to pay is:
Max allowable rent = $3,213 * 0.30 = $963.90<span />
