calculate the loan for $10,000, at an annual percentage rate of 5%, for a term of 5 years. what is the amount of accrued interes
t?
2 answers:
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- Quadratic Formula:
, with a = x^2 coefficient, b = x coefficient, and c = constant.
Firstly, starting with the y-intercept. To find the y-intercept, set the x variable to zero and solve as such:
<u>Your y-intercept is (0,-51).</u>
Next, using our equation plug the appropriate values into the quadratic formula:
Next, solve the multiplications and exponent:
Next, solve the addition:
Now, simplify the radical using the product rule of radicals as such:
- Product Rule of Radicals: √ab = √a × √b
√1224 = √12 × √102 = √2 × √6 × √6 × √17 = 6 × √2 × √17 = 6√34
Next, divide:
<u>The exact values of your x-intercepts are (-4 + √34, 0) and (-4 - √34, 0).</u>
Now to find the approximate values, solve this twice: once with the + symbol and once with the - symbol:
<u>The approximate values of your x-intercepts (rounded to the hundredths) are (1.83,0) and (-9.83,0).</u>
Answer
After 13.15 years the population of both towns will become equal.
Step-by-step explanation:
Population of the city Anville is given by using the compound interest formula
The formula of compound interest
A = p( 1+r/n)^n*t
using this we get
P1 = 16000 (1 +) ^1*t
Population of the city of Brinker will be
P2 = 11000( 1 + ) ^1*t
now to make equal population in both towns
P1=P2
16000 (1 +) ^1*t = 11000( 1 +
) ^1*t
t = 13.15 years