Answer:
Step-by-step explanation:
In step one she has added 1x to each side of the statement
in step two she has taken five away from both sides of the equation therefore simplifying the entire equation
in step three she divided both sides by three to have the unknown value on one side of the equation
4-3=1 and 5-4= 1 so it's 4
The borrower owes $14,760.82 at the end of 8 years
What is compounding interest?
Compounding interest means that earlier interest would earn more interest in the future alongside the loan principal.
Note that in this case the loan continues to accumulate interest because there no repayments, in other words, the loan balance after 8 years, which comprises of the principal and interest for 8 years can be computed using the future value formula of a single cash flow(the single cash flow is the principal) as shown thus:
FV=PV*(1+r/n)^(n*t)
FV=loan balance after 8 years=unknown
PV=loan amount=$5,000
r=annual interest=14%
n=number of times in a year that interest is compounded=2(twice a year)
t=loan period=8 years
FV=$5000*(1+14%/2)^(2*8)
FV=$5000*(1.07)^16
FV=$5000*2.95216374856541
FV=loan balance after 8 years=$14,760.82
Find out more about semiannual compounding on:brainly.com/question/7219541.
#SPJ1
The answer is ( -2 , -1 ) .
Hope it's helped ♥️♥️♥️♥️♥️.
First apply 20% discount then applied $15 coupon combination gives better deal.
As given in the question,
Let final cost of the shoes be $100
First apply $15 coupon then applied 20% discount
100-15=$85
Now, 20% of 85= (20/100) × 85
=$17
Final price, 85 - 17 =$68
First apply 20% discount then applied $15 coupon
Now, 20% of 100= (20/100) × 100
=$20
100-20 = $80
Apply coupon $15
Final price, 80 - 15 =$65
Therefore, first apply 20% discount then applied $15 coupon combination gives better deal.
Learn more about discount here
brainly.com/question/3541148
#SPJ4
