I think that the question you are trying to ask is . . . A college student takes out a $7500 loan from a bank. What will the balance of the loan be after one year(assuming the student has not made any payments yet)
a. if bank charges 3.8% interest each year ?
b. if the bank charger 5.3% interest each year ?
Answer:
(a) $7785
(b) $7897.5
Step-by-step explanation:
Given:
Loan = $7500
We need to find the balance of the loan be after one year(assuming the student has not made any payments yet).
The formula for amount or loan is
A = P( 1 + r)^t .... (1)
where, P is principle, r is rate of interest and t is time in years.
(a) If bank charges 3.8% interest each year.
r = 3.8% = 0.038
Substitute P=7500, r=0.038 and t=1 in equation (1).
A = 7500 (1 + 0.038)^1
A = 7500 (1.038)
A = 7785
Therefore, the balance of the loan be after one year is $7785.
(b) If the bank charger 5.3% interest each year.
r = 5.3% = 0.053
Substitute P=7500, r=0.053 and t=1 in equation (1).
A = 7500 (1 + 0.053)^1
A = 7500 (1.053)
A = 7897.5
Therefore, the balance of the loan be after one year is $7897.5.
Answer:
Translation:
Someone help me is Verbal Reasoning
Explanation:
Body mechanics is moving and positioning the body in ways that prevent injury to oneself and to others. Not only is it important for health care workers to use correct body mechanics in their own motions, but they must also help patients use these principles
Students should consider interviews with police officers as primary sources in case the officer directly witnessed the event described.
<h3>What is the difference between a primary and a secondary source?</h3>
Primary sources are direct firsthand accounts of a set of events. Due to this, in primary sources, the person describing the event witnessed or experienced the events described.
<h3>How can interviews with police be classified?</h3>
These interviews can be classified as primary sources if the officer witnessed/experienced the event. However, if this is not the case, it should be classified as a secondary source.
Learn more about primary sources in: brainly.com/question/24511160
#SPJ1
