445 rounded to the nearest 100 is
2 answers:
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Answer:
She owe $37736.96 after 9 years .
Step-by-step explanation:
Debra borrowed $8000 at a rate of 18% compounded semiannually
We are supposed to find how much will she owe after 9 years
Principal = 8000
Rate of interest = 18% =0.18
No. of compounds per year = 2
Time = 9 years
Formula :
Substitute the values in the formula :
A= 37736.96
Hence She owe $37736.96 after 9 years .
Answer:
The balance after the payment is $1263.84.
Step-by-step explanation:
The formula for amount after compound interest is
Where, P is principal, r is rate of interest, n is number of time interest compounded in a period, number of periods.
According to the given information,
P=1455.69
r=0.128
n=365
t=45
Put these values in the above formula,
The amount after compound interest is $1478.84. Add late fee chages $35 in this amount and subtract the payment of $250. So, the balance amount after payment is
Therefore the balance after the payment is $1263.84.