Answer:
$149.66
Step-by-step explanation:
Step 1
Calculate Total Amount payable to the bank using compound interest
Total Amount payable (A) =
P(1 + r/n)^nt
P = Principal = $2000
r = Interest rate = 9% = 0.09
n = compounding interest = quarterly = 4
t = time in years = 2
Total Amount payable
= 2000(1 + 0.09/4)^0.09 × 2
A = $ 2,389.66
Interest = A - Principal
= $ 2,389.66 - $ 2,000.00
I (interest) = $ 389.66
Step 2
Calculate the Total amount payable to his uncle using simple interest.
Total Amount (A) = P(1 + rt)
P = Principal = $2000
r = Interest rate = 6% = 0.06
t = time in years = 2
A = 2000(1 + 0.06 × 2)
A = $2,240
A - Principal
= $ 2,240 - $ 2,000.
I (interest) = $240
Step 3
The amount of money you will save by borrowing the money from your uncle is calculated as:
Amount payable to the bank - Amount payable to your uncle
= $ 2,389.66 - $2,240
= $149.66
Therefore, the amount of money you will save by borrowing the money from your uncle is $149.66
Answer:
bjukvbbvuhbbbuyvbuybgvuybvgtbvytvygvgvhvmhvghvcjygcnhmStep-by-step explanation:
Answer:
The answer is the last one: One runner in the study runs 31...
Step-by-step explanation:
31 is the input (x) and 81 is the output (y) and since there's 1 ordered pair per runner, it's going to be one runner, and the input is the miles ran.
Answer:
9
Step-by-step explanation:
3*3
Answer:
-5
Step-by-step explanation:
To find the common difference, take the second term and subtract the first term
-2 - 3 = -5
Check with the third term and the second term
-7 - (-2) = -7 +2 = -5
The common difference is -5
