1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
klemol [59]
4 years ago
11

N amount of $15,000 is borrowed for 10 years at 8.75% interest, compounded annually. if the loan is paid in full at the end of t

hat period, how much must be paid back?
Mathematics
1 answer:
Marrrta [24]4 years ago
8 0
We should determine amount of interest per year.
Multiply the percentage to the former loan.
interest per year = 8.75% × 15,000
interest per year = 0.0875 × 15,000
interest per year = 1,312.5
Amount of interest each year is $1,312.5

Estimate interest for 10 years
interest 10 years = interest per year × 10
interest 10 years = 1,312.5 × 10
interest 10 years = 13,125
Amount of interest for 10 years is $13,125

Calculate how much he pay
total = the loan + the interest
total = 15,000 + 13,125
total = 28,125
The total he must pay is $28,125
You might be interested in
A geometric progression has a third term of 20 and a sum of infinity which is 3 times the first term. Find the first term ​
Anna007 [38]

Answer: the first term is 45

Step-by-step explanation:

Step 1: The formular for the nth term is ar^n-1 and since we're solving for the third term ar^3-1 = ar² which is equal to 20

So ar²= 20 and we make this equation i

Step 2: the formular for the sum of infinity is Sn = a/(1-r) and according the question the sum of infinity is equals to 3 *A ( A means the first term)

Further simplification gives us

3a= a/(1-r)

We simplify Futher by multiplying both sides by (1-r)

3a.(1-r) = a/(1-r).(1-r)

3a(1-r)=a

= 3a-3ar=a

Make 3ar the subject of the formula

3ar= 2a and lets make this equation (ii)

Step 3: From the first equation since ar²=20, let's make a the subject of the formula by dividing both sides by r²

Ar²/r² = 20/r²

A=20/r²lets make this equation (iii)

Step 4: subtitle a as 20/r² into equation (ii)

Since 3ar=2a

Then 3.(20/r²).r = 2. 20/r²

= (60/r²) .r = 40/r²

60/r = 40/r2

Multiplying both sides by r² gives us

60r = 40

Divide both sides by 20 gives us

= 3r= 2

Divide both sides by 3 gives us

= r = 2/3

Step 5: substitute r for 2/3 in equation i

ar²= 20

a. (2/3)2 = 20

= a.4/9 = 20

= 4a = 180

= a = 180/4

a = 45

5 0
4 years ago
Your cat’s vet recommends a diet for your cat of no more than 1,800 calories per week. In a 7-day week, how many daily calories
lisov135 [29]
The average indoor cat should have 20 calories per pound to maintain weight. The average outdoor only cat should have 35 calories per pound to maintain weight. Indoor/outdoor cats are somewhere in between. o If your indoor cat weighs 10 pounds, then they should be eating approximately 200 calories per day.
4 0
3 years ago
7x+18−6(x+1)−12 Please answer this you get 10 points!!!!
ra1l [238]

Answer:

x

Step-by-step explanation:

7x+18−6(x+1)−12

start out with distributive property

7x+18+(-6x)+(-6)+(-12)

then add the common things together

x+0

answer is just x, or infine answers, you could put in anything for x

7 0
3 years ago
In the XY-plane, the X-axis contains all ordered pairs such that:
Fiesta28 [93]

Answer:

Option B

y coordinate is 0

Step-by-step explanation:

We have in two dimension rectangular system of coordinates with two mutually perpendicular lines called x and y axis.

X axis is the horizontal line and y the vertical line, the point of intersection of these two lines is called origin with x=0: y=0

To the right of origin, positive values are marked and left negative. Similarly for y axis, above origin positive values and below negative values.

Thus we have along x axis, y values to be 0

Hence any point on x coordinate will be of the form (a,0) where a can be any real number

So option B is right

3 0
3 years ago
Read 2 more answers
1.901 x 10^-7 in standard notation
WITCHER [35]

Answer:

In standard form, it would be 0.0000001901!

Step-by-step explanation:

As you can see, if the exponent is negative, the answer would be a decimal so moving the decimal place 7 times to the left, that would be your answer.

7 0
3 years ago
Other questions:
  • After a discount of 5% the sales price of a game system is $106.78 what is the original price
    7·1 answer
  • ANSWER FOR BRAINLEST
    6·1 answer
  • 1.33 equals .002 divided by 6A. Solve for A?
    12·1 answer
  • A scuba diver is 12 meters below sea level. If the diver descends 39 meters further, what integer represents the scuba diver’s n
    14·1 answer
  • Find −115+(−35) Write your answer as a fraction in simplest form.
    6·1 answer
  • Devbra swims 80 laps each practice and Mike swims 75 laps each practice. They each practice 4 days a week. How many laps do they
    8·1 answer
  • Can someone help me here pretty pls
    7·1 answer
  • MY
    15·1 answer
  • If you borrow $900 for 4 years at an
    9·2 answers
  • Svoateti factorii de sub radicali:​
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!