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3 years ago

Joe borrowed 2000$ from a bank at a rate of 7% simple interest per year how much interest did he pay in 5 years?

Mathematics

1 answer:

Svetradugi [14.3K]3 years ago

4 0

1) $700; 2000 x 7% x 5 = $700 interest.

2) $715; $550 x 3% x 10 + 550 = $715 total.

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Curtis wants to save money for a trip overseas. Curtis invests $900 in an account that pays an interest rate of 8.75%. How many

professor190 [17]

Hi there
The formula is
A=p (1+r)^t
A future value 11700
P present value 900
R interest rate 0.0875
T time?
We need to solve for t
T=log (A/p)÷log (1+r)
So
T=log(11,700÷900)÷log(1+0.0875)
T=30.6years round your answer to get
T=31 years

Hope it helps

7 0

4 years ago

Read 2 more answers

A circular pond 24 yd in

Schach [20]

Answer:

The walk will cost $8164.

Step-by-step explanation:

Given:

Diameter of the circular pond (D) = 24 yd

Width of the gravel path (x) = 2 yd

Cost per yard of the path = $50

Now, radius of the circular pond is half of the diameter and is given as:

$Radius,R=\frac{D}{2}=\frac{24}{2}=12\ yd$

Now, area of the pond is given as:

$A_{pond}=\pi R^2=3.14\times (12)^2=3.14\times 144=452.16\ yd^2$

Area of the complete path including the pond area is given as:

$A_{outer}=\pi(R+x)^2=3.14\times(12+2)^2=3.14\times196=615.44\ yd^2$

Now, area of the gravel path can be obtained by subtracting the pond area from the total outer area. This gives,

$A_{path}=A_{outer}-A_{pond}\\\\A_{path}=615.44-452.16=163.28\ yd^2$

Now, using unitary method,

Cost of 1 square yard of path = $50

∴ Cost of 163.28 square yard of path = 50 × 163.28 = $8164

Hence, the walk will cost $8164.

5 0

3 years ago

Read 2 more answers

Whats the distance between the points (2, 7) and (2, 15)

sveta [45]

Answer:

The distance between the points (2, 7) and (2, 15) is 8.

Step-by-step explanation:

<u>What is the Distance between Two Points?</u>

For any two points there is exactly one line segment connecting them. The distance between two points is the length of the line segment connecting them. Note that the distance between two points is always positive. Segments that have equal length are called congruent segments.

How to Solve:

Formula:

$\sqrt{(x2-x1)^2+(y2-y1)^2}$

Putting Values:

$=\sqrt{(2-2)^2+(15-7)^2}$

$=\sqrt{(0)^2+(8)^2}$

$=\sqrt{0+64}$

$=\sqrt{64}$

$=8$

7 0

2 years ago

A fair dice is rolled.

shutvik [7]

Answer:

The probability of getting a factor of 12 on a fair dice is 5/6 or approximately 83%.

Step-by-step explanation:

Probability is expressed as a fraction where the denominator is the total number of outcomes and the numerator is the number of desired outcomes. In this case, the desired outcome is any factor of 12. The factors of 12 are the numbers we multiply together to get that number: 1, 2, 3, 4, 6 and 12. Since a fair dice has the total outcomes of either 1, 2, 3, 4, 5 or 6, then the total outcomes is 6 and the possibility that we could roll the desired outcome (factor of 12) is 5, the probability is 5 out of 6 or 5/6, which when divided is approximately 83%.

8 0

3 years ago

The cost of a gallon of milk is $.50 more than five times the cost of a gallon of water. If a

Shkiper50 [21]

Answer:

.50

Step-by-step explanation:

4 0

3 years ago