Answer:
a)
b) The balance after 8 years will be of $29,069.
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
a)
Loan of $17,500 means that
6.4% interest rate means that
Compounded monthly means that . So
b)
This is A(8). Then
The balance after 8 years will be of $29,069.
So, they are saying that all those segments are equal.
If segment LM is 5, that means that all the other lines are also 5 because they are all equal.
So,
ML + KL + KJ = JM
5 + 5 + 5 = JM
15 = JM
Hope this helps!
Answer:
that formula is known as the Pythagorean theorem
Answer:
YESSSSS
Step-by-step explanation: