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:
x-intercept = -6 y-intercept = 9
Step-by-step explanation:
Answer:
s = 5.1
Step-by-step explanation:
Multiply both sides of the equation by 10
Expand
Subtract 28 from both sides
Simplify
Divide both sides of the equation by 10
Simplify
This formula means that a(n) for n, when n is the term number, will give you the term. Meaning, we just have to plug in 55 for n.
a(55) = -1 + 3(55 - 1)
a(55) = -1 + 3 * 54
a(55) = -1 + 162
a(55) = 161
Answer:
15
Step-by-step explanation:
