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nalin [4]
3 years ago
15

The Jones family plans to borrow $19,000 for 12 years. If the interest rate is 4.25%, how much will the family pay in interest a

nd principal? PLEASE HELP!
Mathematics
1 answer:
valentinak56 [21]3 years ago
3 0
19000 × 12 × 4.25 = 969000

969000 ÷ 100 = 9690

So, 19000 - 9690 = 9310 is the principal.

9690 is the interest. 

<em>Hope this helped! :)</em>
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What is the balance after 15 years in a savings account that earns 2% interest compounded bimonthly when the initial deposit is
Ierofanga [76]

Answer:

$1348.07

Step-by-step explanation:

Hello!

<h3>Compound Interest Formula: A = P(1 + \frac rn)^{nt}</h3>
  • A = Account Balance
  • P = Principle/Initial Amount
  • r = Rate of Interest (decimal)
  • n = Number of times compounded (per year)
  • t = Number of Years

<h3>Given Information</h3>
  • Account Balance = ?
  • Principle Amount = $1000
  • Rate of Interest = 0.02

Why is the Rate 0.02?

This is because we are gaining money, so the multiplier should be greater than 1. We already added 1, which is 100% so you simply add the 0.02 for the extra 2%.

  • Number of times compounded per year = 6

This is because it is being compounded bi-monthly, or once every 2 months. 12 months divided by 2 months is 6 months, so 6 times a year.

  • Number of years = 15

<h2>Solve </h2>

Solve by plugging in the given values into the formula.

  • A = P(1 + \frac rn)^{nt}
  • A = 1000(1 + \frac {0.02}{6})^{6*15}
  • A = 1000(1 + 0.00333...)^{90}
  • A = 1000(1.00333...)^{90}
  • A = 1000(1.145743)
  • A \approx 1457.43

This is really close to the first option, and since there is rounding involved with the repeating decimal, the first option should be correct.

The answer is $1348.07.

3 0
1 year ago
I need help please!!
Sergio039 [100]

Answer:

16 cm2

Step-by-step explanation:

By equa tion of area of triangle: S = 1/2 * height * base

Triangle B: 32  = 1/2 * 8 * x --> x = 8 (cm)

The base of triangle A is half of the base of triangle B so it is 4 cm.

The area of triangle A = 1/2 * 8 * 4 = 16 (cm2)

5 0
2 years ago
Students received grades with or - (example B ). Of all students who received one or more plus grades, 92% were undergraduates a
MrMuchimi

Answer:

The probability that a student is an undergraduate student, given that the student received a plus grade is 0.92

Step-by-step explanation:

The conditional probability of an event <em>B</em> given that another event <em>A</em> has already occurred is:

P(B|A)=\frac{P(A\cap B)}{P(A)}

Denote the events as follows:

<em>X</em> = a students is a graduate

<em>Y </em>= a students is a under-graduate

+ = a student received one or more plus grades

- = a student received one or more minus grades

Consider the tree diagram below.

According to the tree diagram, the probability that a student is an undergraduate student, given that the student received a plus grade is:

P (+ | Y) = 0.92

Thus, the probability that a student is an undergraduate student, given that the student received a plus grade is 0.92.

8 0
3 years ago
Absolute value inequalities with fractions
Harlamova29_29 [7]
|x - 2x/5| <= 10
|5x - 2x| <= 50
3x <= 50
  x <= 50/3

-|5x - 2x| <= 50
-3x <= 50
   x >= - 50/3

answer

-50/3 <=  x <= 50/3


3 0
2 years ago
Pls helpppp pls its due by 9
Vsevolod [243]

Answer:

25% of 140 is 35

Step-by-step explanation:

that's the answer for #3

6 0
2 years ago
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