Answer:
$149.66
Step-by-step explanation:
Step 1
Calculate Total Amount payable to the bank using compound interest
Total Amount payable (A) =
P(1 + r/n)^nt
P = Principal = $2000
r = Interest rate = 9% = 0.09
n = compounding interest = quarterly = 4
t = time in years = 2
Total Amount payable
= 2000(1 + 0.09/4)^0.09 × 2
A = $ 2,389.66
Interest = A - Principal
= $ 2,389.66 - $ 2,000.00
I (interest) = $ 389.66
Step 2
Calculate the Total amount payable to his uncle using simple interest.
Total Amount (A) = P(1 + rt)
P = Principal = $2000
r = Interest rate = 6% = 0.06
t = time in years = 2
A = 2000(1 + 0.06 × 2)
A = $2,240
A - Principal
= $ 2,240 - $ 2,000.
I (interest) = $240
Step 3
The amount of money you will save by borrowing the money from your uncle is calculated as:
Amount payable to the bank - Amount payable to your uncle
= $ 2,389.66 - $2,240
= $149.66
Therefore, the amount of money you will save by borrowing the money from your uncle is $149.66
When the sign of the number with the greatest absolute value is positive
Answer:
18
Step-by-step explanation:
Each page has 6 stamps. There are 3 pages. This is a simple multiplication problem, and so you do 3x6 to find the total number of stamps Kyle has. Thus, 3 times 6 is 18.
visual:
Page One: 6 stamps
Page Two: 6 stamps
Page Three: 6 stamps
6 + 6 + 6 = 18 (or just do 6x3)
Using Pythagorean, a^2 + b^2 = c^2
16 +x^2 = 36.69
Then subtract the 16 from 36.69, which is 23.69
And finally take the square root of that, giving you 4.87
