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zysi [14]
3 years ago
9

maxine took out a loan for $3200 at 8% interest, compounded annually. if she makes yearly payments of $250, will she ever pay of

f the loan?
Mathematics
2 answers:
AlladinOne [14]3 years ago
7 0

Answer: No, because $250 is less than the amount of interest she is charged per year.

Step-by-step explanation:

UkoKoshka [18]3 years ago
4 0

Solution:

As per the problem

Maxine took out a loan for $3200 at 8% interest, compounded annually.

she makes yearly payments of $250.

she will be able to Payoff her loan iff yearly payments made is greater than yearly interest.

Interest payable in first year =3200(1+0.08)-3200=3200*1.08-3200\\

Interest payable in first year=3456-3200=256

This payable interest will goes on increasing year on year.

Hence Maxine will never payoff the loan.

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Find all pairs of natural numbers which can be the solution to the equation a+b=42.
Setler [38]

Answer:

(1,41), (2,40), (3,39), (4,38), (5,37), (6,36), (7,35), (8,34), (9,33), (10,32), (11,31), (12,30), (13,29), (14,28), (15,27), (16,26), (17,25), (18,24), (19,23), (20,22), (21,21), (22,20), (23,19), (24,18), (25,17), (26,16), (27,15), (28,14), (29,13), (30,12), (31,11), (32,10), (33,9), (34,8), (35,7), (36,6), (37,5), (38,4), (39,3), (40,2), (41,1).

Step-by-step explanation:

To find all pairs of natural numbers which are solution to a+b=42, we need to first choose a value to one of them (let's choose 'a'), and that value will be the lowest possible, so we begin with a=1, and then we increase to 2, and 3, and so on.

For each value of a, we calculate the value of b using the equation.

So, starting with a=1, we have that b=41

Then, with a=2, we have that b=40, and so on.

Doing this until a=41 (so b=1 will be the lowest value possible for b), we have the pairs of natural number we want:

(1,41), (2,40), (3,39), (4,38), (5,37), (6,36), (7,35), (8,34), (9,33), (10,32), (11,31), (12,30), (13,29), (14,28), (15,27), (16,26), (17,25), (18,24), (19,23), (20,22), (21,21), (22,20), (23,19), (24,18), (25,17), (26,16), (27,15), (28,14), (29,13), (30,12), (31,11), (32,10), (33,9), (34,8), (35,7), (36,6), (37,5), (38,4), (39,3), (40,2), (41,1).

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