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Deffense [45]
4 years ago
15

A small company borrows 90,000 at 12%compounded monthly.The loan is due in 7 years. How much interest will the company pay?

Mathematics
1 answer:
kolezko [41]4 years ago
4 0
90,000 × 0.12 = 10,800
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Principal = $47,300 Rate = 3% Time = 4 months What will the total payment plus interest be?
motikmotik

Answer:

Simple Interest (I) =  Principle * Rate * Time

 

so I = PRT

 

P = $47300

R = 3% = 0.03

T = 4months = 0.33years

 

so

Assuming its per year after 4month

 

I = (47300)(0.03)(0.333333)

 

I = 472.999527

 

I = $473

 

Now we'd add the interest(I) to the Principle

 

$47300 + $473 = $47773.00

 

 

Assuming it is per month, after 4months

 

I = PRT

 

I = (47300)(0.03)(4)

 

I = $5676.00

 

Now add the interest to the principle

 

$47300 + $5676 = $52976.00

Step-by-step explanation:

there you go hope this help

3 0
3 years ago
Simplify (1234567)^0
Daniel [21]

Answer:

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4 0
3 years ago
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zheka24 [161]
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7 0
3 years ago
Solve the equation, 4 - (x + 1) = 6.<br><br> x = -3<br> x = 3<br> x = -9<br> x = 9
Vinvika [58]

Answer:

Step-by-step explanation:

The negative in front of the parenthesis changes the signs of the numbers and variables inside the parenthesis. We can rewrite as

4 - x - 1 = 6 and

3 - x = 6 so

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3 0
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The equation x = 6 represents a vertical line. True or false
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True, as for any line x=a
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