4 years ago

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

1 answer:

4 0

90,000 × 0.12 = 10,800

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AURORKA [14]

Answer: 6 miles.

Step-by-step explanation:

1. To solve this problem you only need to add the distances shown in the map attached, which shown the path Marcus had taken. Then, you have:

$Total_{distance}=1in+3inches+2inches+2.3inches\\Total_{distance}=8.3inches$

2. Now, you must convert the result obtained from inches to miles. According to the problem $4inches=3miles$ , therefore, you have:

$Total_{distance}=\frac{8,3inches*3miles}{4inches}\\Total_{distance}=6.22miles$

3. To the nearest mile:

$Total_{distance}=6miles$

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natka813 [3]

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sergiy2304 [10]

2 hours and 15 minutes

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