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Papessa [141]
4 years ago
7

An amount of $15000 is borrowed for 13 years at 3.25% 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:
kvasek [131]4 years ago
5 0

Answer:

22733.28$(This is a rounded approximate answer)

Step-by-step explanation:

The equation for exponential growth is A = P(1 + r)^n where A is the total money(interest), P is the principal, r is the rate(compound interest rate) and n is the amount of time. If you look closely and read carefully, you will find out that the principle is $15000. The rate is 0.0325(converted into decimal) and the time is 13 years. If you plug in all of this, you should get A = 15000(1.0325)^13, and A will equal approximately 22733.28$.

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Two carpenters are building a fence after 5 minutes,one carpenter is finished 4/7 of the way an the other is finished 1/8 of the
torisob [31]

The first carpenter is 0.4464 of the way is ahead of the second carpenter

<u>Solution:</u>

Given, Two carpenters are building a fence  

After 5 minutes, one carpenter is finished 4/7 of the way

Second carpenter finished 1/8 of the way

Now, let us find the work done by each carpenter

\begin{array}{l}{\text { For } 1^{\text {st }} \text { carpenter }=\frac{4}{7}=0.5714 \text { approximately. }} \\\\ {\text { For } 2^{\text {nd }} \text { carpenter }=\frac{1}{8}=0.125}\end{array}

Then, extra work done by first carpenter over second carpenter = work done by first carpenter – work done by second carpenter

= 0.5714 – 0.125 = 0.4464

Hence, the 1st carpenter is 0.4464 of the way is ahead of the 2nd carpenter

6 0
4 years ago
Is 10.2 x 10 written in scientific notation. EXPLAIN
Virty [35]

Answer:

No

Step-by-step explanation:

Scientific notation has to be a number between 1 and 10 times 10 to the something power. 10.2 is not between 1 and 10

7 0
3 years ago
Read 2 more answers
Please help and explain
Sonja [21]

Find out how much over the 10 years whatever it says and then use that to explain if it's worth is

3 0
4 years ago
Gary had a 40% discount for new tires. The sale price of a tire was $96.25. What was the original price of the tire? Round to th
EastWind [94]

If the price after the discount is subtracted is $96.25 then this is what you do

u times 0.40 x 96.25 which is 38.5 so since you are wanting to know what the price was before the discount you would add 38.5 to 96.25 and when you do that your answer is 134.75

but if you are just trying to get the discount from 96.25 you subtract 38.5 from 96.25

8 0
3 years ago
A company ships packages through the postal service. One week, the cost of shipping one
DanielleElmas [232]

Answer:

Step-by-step explanation:

For this problem, it says that the company not only shipped packages, but also bought a number of stamps. From the equation 6.70+0.50x, it's fairly easy to say that 6.70 is the packages,

What's not so easy is figuring out whether or not 0.50 is the stamps, or x is. However, there's an easy way to figure it out!

From this one, we would have to use "common sense" (not my words, someone elses). Using "common sense", we have to think, can someone buy 0.50 of a stamp?

Technically yes... But would someone buy 0.5 of a stamp? Not really.

So we can safetly assume that x is the "stamp", and 0.50 is <em>the cost of the stamp</em>.

Hope this helps!

7 0
3 years ago
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