Answer:
8%
Step-by-step explanation:
The amount repaid is ...
A = P(1 +rt)
Filling in the given values, we can find r.
(18·28) = 450(1 +r(18/12)) . . . . . t is in years
504 = 450 + 675t
54/675 = 0.08 = 8%
The simple interest rate on the loan is 8%.
By rounding to the nearest one it means round to the nearest whole number. So basically, the number 0.7414 rounded to the nearest whole number would be 1.
ince the problem is only asking for 4 years, we can just calculated it out year by year. Recall the formula for compounding interest: A = P(1+r)n, where A is the total amount, P is the principle (amount you start with), r is the interest rate per period of time, and n is the number of periods (in this case, r is annual interest rate, so n is number of years). At the beginning (Year 0), Lou starts off with 10000: A = 10000 At the end of Year 1, Lou earned interest on that amount, plus he has deposited another 5000: A = 10000(1.08) + 5000 End of Year 2, Lou's interest from the year 0 amount has compounded, he has started earning interest on the amount deposited last year, and he deposits another 5000: A = 10000(1.08)2 + 5000(1.08) + 5000 End of Year 3, same idea. Lou has earned compounding interest on all existing deposits, and deposits another 5000: A = 10000(1.08)3 + 5000(1.08)2 + 5000(1.08) + 5000 End of Year 4, same idea: A = 10000(1.08)4 + 5000(1.08)3 + 5000(1.08)2 + 5000(1.08) + 5000 = 36135.45
Scalene I think. Sorry it's been forever but and equilateral triangles sides are all, well, equal and an Isosceles triangle has only 2 sides the same length.