Answer:
$554.58
Step-by-step explanation:
The interest on the loan can be computed by first determining the future value of the loan in three years as follows:
FV=PV*(1+r)^n
PV is the amount of the loan which is $2,000
r is the interest rate which is 8.5%
n is the number of years which is 3 years
FV=$2000*(1+8.5%)^3=$ 2,554.58
Since the value of the loan in three years is $ 2,554.58 ,the interest on the loan is the difference between the future value and the present value
interest=$ 2,554.58-$2,000.00=$554.58
Answer:
Use Desmos Graphing Calculator if you have more problems like this
Answer:
(x+20) explains the elena walked 20 minutes more than Lin
Step-by-step explanation:
(x+20) explains the elena walked 20 minutes more than Lin
As given in the question that elena walked 20minutes more than lin means if elena walked x then lin walked (x+20) and also jada walked twice as long as elena means 2(x+20) and according to question jada walked 90 minutes means 2(x +20) = 90
Answer:
3
Step-by-step explanation:
8x + 7 = 31 Subtract 7 from both sides
<u> -7 -7</u>
8x = 24 Divide by 8
8x/8 = 24/8
x = 3
Answer
564
Step-by-step explanation:
