Answer:
$5659.11
Step-by-step explanation:
We are given;
- Time of loan maturity is 5 years
- Rate of compound interest is 7% compounded quarterly
- Principal amount of the car is $4000
We are required to determine the total amount he paid at the end of 5 years..
The concept being tested is compound interest;
We are going to use the compound interest formula;
Amount = P(1+r/100)^n
Where P is the the principal amount
r is the rate of interest
n is the interest periods
In this case;
n = (5 × 4) = 20
r = 7 ÷ 4 = 1.75 ( as the money was compounded quarterly)
Thus;
Amount =$ 4000 ( 1 + 1.75)^20
= $4000 (1.0175)^20
= $5659.11
Therefore, the money that Joe will have paid at the end of 5 years is $5659.11
Just add up all the sides
10 + 10 + 4 + 4 = 28
Hope that helps
The sum of 106 is 100 and 10
<h2>7x + 19 = 208</h2><h2>11x - 89 = 208</h2><h2>--------------------------------------</h2>
<u>Step-by-step explanation:</u>
let third angle be x
60° + 60° + x = 180° (Δ sum property)
x = 60°
so, this is a equilateral triangle (all Δ equal)
<h2>-----------------------------------------</h2>
in equilateral triangle --> all sides are equal
so, therefore =>>
7x + 19 = 11x - 89
19 + 89 = 11x - 7x
108 = 4x
108 ÷ 4 = x
27 = x
<h3>x = 27</h3><h2>-----------------------------------------</h2>
so variable
1.) 7x + 19
= 7(27) + 19
= 189 + 19
= 208
2.) 11x - 89
= 11(27) - 89
= 297 - 89
= 208
