Simon took out an unsubsidized student loan of $43,000 at a 2.4% APR,
2 answers:
Answer:
$289.41
Step-by-step explanation:
As we know that the total amount 'A' that is due to pay on loan for a certain interest 'r', principal 'p' and number of times the interest is compounded per year 'n' is:
Since, in our case, p = $43,000, r = 2.4% = = 0.024, n = 12 (monthly), and t = 20 years.
Therefore,
$
For monthly payment for 20 years,
$ ≈ $289.41
Hence, the amount of his monthly payment lasting for 20 years at APR of 2.4% on a loan of $43,000 compounded monthly will be $289.41.
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Pythagoras theorem is a basic relationship in geometry between the three sides of a right triangle. The height from the ground to the top of the ramp 6. 0 ft. Option D is correct.
<h3>What is the Pythagoras theorem?</h3>Pythagoras theorem is a basic relationship in geometry between the three sides of a right triangle.
It indicates that the area of the hypotenuse square is equal to the sum of the areas of the squares on the other two sides.
The given data in the problem will be;
L is the length of ramp= 10 feet
x is the horizontal distance from the bottom of the ramp = 8 feet
h is the height from the ground to the top of the ramp=?
According to Pythagoras theorem,
Hence the height from the ground to the top of the ramp 6. 0 ft. Option D is correct.
To learn more about the Pythagoras theorem refer to the link;