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Readme [11.4K]
3 years ago
6

An amount of $21,000 is borrowed for 15 years at 7.75% Interest, compounded annually. If the loan is paid in full at the end of

that period, how much must be
paid back?
round your answer to the nearest dollar.
Mathematics
1 answer:
Doss [256]3 years ago
5 0

Answer:

A=64340 dollars

Step-by-step explanation:

A=p(1+r)^t     p principal, t= time period, r is the rate

A=21000(1+0.0775)^15= 64339.61

A=64340 dollars

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marysya [2.9K]

The line segment AB is divided at point P, which has coordinates P(0,-7.5)

A line segment is a section of a line that connects two locations to create a straight line or we can say that is connects two distinct points together to form a single line. It is extendable to either side.

Given are,

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We must determine the dividing point's coordinates, or P.

We'll apply the formula provided,

The coordinates of the point P are given by  = (\frac{x1+x2}{2},\frac{y1+y2}{2} )

Now, x1 = 0, x2 = 0, y1 = -15, y2 = 0

Putting values in the formula, we get

(\frac{0+0}{2}, \frac{0-15}{2})

(0,-7.5)

Hence, the point P which partitions the line segment AB have coordinates as P(0,-7.5)

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4

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