Ask question

Ask question

All categories

3 years ago

13

Amy got a $1,000 loan from her bank and she had to repay $1,1550 what are the principal and interest amounts in this transaction

2 answers:

kupik [55]3 years ago

6 0

Answer:

<h3>The Principal amount = $1,000 and the interest amounts in this transaction is $155.</h3>

Step-by-step explanation:

Loan taken by Amy amount = $1,000.

Please note : Loan amount taken from the bank would be Principal value of the transaction, because we need to apply operations on $1,000 to add the interest on the loan.

Total amount repaid by Amy = $1,155.0

Note: In given problem repay amount is $1,1550, which is really very high amount and does not make any sense. So, I made a decimal there as it seems that you missed that decimal to put.

Therefore, interest amount = Repay amount - Principal amount

= $1,155 - $1,000 = $155.

Therefore, interest amounts in this transaction is $155.

xeze [42]3 years ago

3 0

If I'm right the principal amount is $1,000 and the interest(if $1,550) is $550 in the transaction.

You might be interested in

What is the point-slope form of a line with slope 3/2 that contains the point (-1 2)

Drupady [299]

Answer:

The point-slope form of this equation is y - 2 = 3/2(x + 1)

Step-by-step explanation:

To find the answer to any equation in point slope form, start with the base form of the equation.

y - y1 = m(x - x1)

Now input the slope for m and the point at (x1, y1)

y - 2 = 3/2(x + 1)

3 0

3 years ago

If f(1) = 1 and f(n + 1) = 5f(n) + 3 then find the value of f(4).

FrozenT [24]

Answer:

218

Step-by-step explanation:

Because we need f(n) to calculate f(n+1), we have to calculate our values one step at a time. Starting with f(1) = 1,

f(2) = 5(f(1)) + 3 = 5(1) + 3 = 5+3 = 8

f(3) = 5(8) + 3 = 40 + 3 = 43

f(4) = 5(43) + 3 = 215 + 3 = 218

4 0

3 years ago

Find the sum of the equation

stealth61 [152]

Answer:

$\frac{{y}^{2}+13y-6}{{(y-1)}^{2}(y+7)}$

Step-by-step explanation:

1) Rewrite ${y}^{2}-2y+1y$ in the form ${a}^{2}-2ab+{b}^{2}$ , where a = y and b = 1.

$\frac{y}{{y}^{2}-2(y)(1)+{1}^{2}}+\frac{6}{{y}^{2}+6y-7}$

2) Use Square of Difference: ${(a-b)}^{2}={a}^{2}-2ab+{b}^{2}$ .

$\frac{y}{{(y-1)}^{2}}+\frac{6}{{y}^{2}+6y-7}$

3) Factor ${y}^{2}+6y-7$ .

1 - Ask: Which two numbers add up to 6 and multiply to -7?

-1 and 7

2 - Rewrite the expression using the above.

$(y-1)(y-7)$

Outcome/Result: $\frac{y}{(y-1)^2} +\frac{6}{(y-1)(y+7)}$

4) Rewrite the expression with a common denominator.

$\frac{y(y+7)+6(y-1)}{{(y-1)}^{2}(y+7)}$

5) Expand.

$\frac{{y}^{2}+7y+6y-6}{{(y-1)}^{2}(y+7)}$

6) Collect like terms.

$\frac{{y}^{2}+(7y+6y)-6}{{(y-1)}^{2}(y+7)}$

7) Simplify ${y}^{2}+(7y+6y)-6y$ to ${y}^{2}+13y-6y$

$\frac{{y}^{2}+13y-6}{{(y-1)}^{2}(y+7)}$

5 0

2 years ago

Read 2 more answers

Evaluate 2^−1 + 2^−1.

Diano4ka-milaya [45]

Answer:

1

Step-by-step explanation:

2^−1 + 2^−1

2x2^-1

1

4 0

3 years ago

What is 91/22 in decimal?

Lemur [1.5K]

<span>4.13 (continues) is the answer</span>

5 0

3 years ago