Answer: $139390 must be paid back.
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = amount to be played back at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount borrowed.
From the information given,
P = 41000
r = 8.5% = 8.5/100 = 0.085
n = 1 because it was compounded once in a year.
t = 15 years
Therefore,
A = 41000(1 + 0.085/1)^1 × 15
A = 41000(1 + 0.085)^15
A = 41000(1.085)^15
A = $139390
Answer:
y = -1/3x - 5/3
Step-by-step explanation:
The slope of a line is the ratio of vertical distance to horizontal distance between the points. Since the line has to cross through the point (-5,0), count out the slope -1/3 by moving down 1 unit and to the right 3 units. This places the line between -1 and -2 on the y-axis. Looking at the options listed for b in y = mx + b. b = -5/3 is the best option and is between -1 and -2.
First, find the different of the two weights
d = 1,200 - 550
d = 650
The different of the weights is 650
Second, to find the percentage, we should compare the difference to the former weight. So we compare 650 to 1,200, then multiply it to 100%
percentage = 650/1,200 × 100%
percentage = (65,000/1,200) %
percentage = 51.17%
percentage = 51%
The percent of increase is 51%
