Amount to be paid back = $ 88,624.36
<u>Step-by-step explanation:</u>
Principal amount = $ 40,000
Rate of interest = 7.5%
Number of years = 11
Plugin the values as,
$20,000 is between $15,000 and $49,999, so we'll use the interest rate of 6.5% (see row 3)
r = 6.5% = 6.5/100 = 0.065
We'll use the decimal form of the interest rate as it is most common for financial math problems.
P = 20,000 is the amount deposited
t = 1 year is the amount of time
We will plug those values into the formula
i = P*r*t
to get the following:
i = P*r*t
i = 20000*0.065*1
i = 1300
So Mark earns $1,300 in simple interest each year.
Answer: Slope=−
2.000
1.600
=−0.800
x−intercept=
4
12
=3
y−intercept=
5
12
=2.40000
Step-by-step explanation:
Answer: 36
Step-by-step explanation:
(Triangle ABC is isosceles)
(base angles of an isosceles triangle are congruent)
(In triangle CMB, angles in a triangle add to 180 degrees)
(triangle sum theorem)
(30-60-90 triangle CMB)
(sides opposite congruent angles in a triangle are congruent)
(segment addition postulate)
