Answer:
The total interest to pay back on the loan is $122.40
Step-by-step explanation:
Here. we want to get the amount of interest on the loan
We are going to use the compound interest formula here
A = P(1 + r/n)^nt
where A is the amount to be paid back
P is the amount borrowed called the principal which is $1,500
r is the interest rate which is 4% annually
This is same as 4/100 = 0.04
n is the number of times the interest will be compounded per year ; annually means yearly and so for this case, n = 1
t is the number of years = 2
So we have;
A = 1500(1 + 0.04/1)^(2)(1)
A = 1500(1.04)^(2)
A =$ 1,622.40
So the amount of interest is the difference between the amount borrowed and the value to pay back
That will be;
$1,622.40 - $1,500
= $122.40
Answer:
Hamish and Harry work as plumbers. Harry earns a dollar an hour more than 5/4 the amount hamish earns per hour. harry earns per hour is 2$ less than 7/5 the amount hamish earns per hour. how much do each of them make an hour
Step-by-step explanation:
Let
x is the amount Harry earns
y is the amount Hamish earns
x=(5/4)y+1 ⇒ (x-1)*4/5 = y-------- equation 1
x=(7/5)y-2⇒ (x+2)*5/7 = y-------- equation 2
equals 1 and 2
(x-1)*4/5 = (x+2)*5/7
(4x-4)/5 = (5x+10)/7
(4x-4)*7 = (5x+10)*5
28x-28 = 25x+50
28x-25x = 50+28
3x = 78
x = 26
substitute x = 26 for y=(x-1)*4/5
y = (x-1)*4/5
y = (26-1)*4/5
y = 20
the answer is
<h3>Harry earns $26 an hour</h3><h3>Hamish earns $20 an hour</h3>
Depending on how flexibly you interpret "about 20 times larger" to mean, the answers are B and D.
Check the ratios of the larger number to the smaller number:
A: (2.01 x 10^7)/(4.25 x 10^6) = 2.01/4.25 x 10^1 = 20.1/4.25 = 4.729
B: (8.21 x 10^-3)/(4.13 x 10^-4) = 8.21/4.13 x 10^1 = 82.1/4.13 = 19.879
C: (4.91 x 10^6)/(5.09 x 10^3) = 4.91/5.09 x 10^3 = 4910/5.09 = 964.637
D: (5.97 x 10^4)/(3.12 x 10^3) = 5.97/3.12 x 10^1 = 59.7/3.12 = 19.135
Answer:
the secound ansewr
Step-by-step explanation:ik
