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Komok [63]
3 years ago
13

If $5,000 is borrowed with an interest of 12.3% compounded semi-annually, what is the total amount of money needed to pay it bac

k in 3 years?
Round your answer to the nearest cent.

Do NOT round until you have calculated the final answer.
Mathematics
1 answer:
jarptica [38.1K]3 years ago
3 0

Answer:

$7153.03

Step-by-step explanation:

To find the total amount after 3 years, we can use the formula for compound tax:

P = Po * (1+r/n)^(t*n)

where P is the final value, Po is the inicial value, r is the rate, t is the amount of time and n depends on how the tax is compounded (in this case, it is semi-annually, so n = 2)

For our problem, we have that Po = 5000, r = 12.3% = 0.123, t = 3 years and n = 2, then we can calculate P:

P = 5000 * (1 + 0.123/2)^(3*2)

P = 5000 * (1 + 0.0615)^6

P = $7153.029

Rounding to the nearest cent, we have P = $7153.03

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Answer:

6 %

Step-by-step explana

100 pennies makes a dollar... you just add 5 for the nickel and 1 fo the penny and it makes 6

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A grocery store sells American cheese for $3.89 per pound. About how much would 1.89 pounds of cheese cost?
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$7.35. All you do is multiply the two together
3 0
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The area of a trapezoid is 39 square millimeters. The height of the trapezoid is 6 millimeters. One of the base legths of the tr
Andrej [43]
-------------------------

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3 years ago
Plssss help what is x
makvit [3.9K]

Answer:

x = 4

Step-by-step explanation:

If you do not want to read the explanation go the the next part in bold

Ok so the shorter leg of the triangle is a radius of the circle. ( This is indicated by the point in the middle of the circle.) for the hypotenuse we are given one part of the length (2) The other part also happens to be a radius ( remember that a radius is a line that starts from the center of the triangle to any point of the circumference. ) Also remember that the radius is equal to 3. That being said the hypotenuse = 2+3 which equals 5.  

This triangle then happens to be a right triangle. ( A triangle formed by a tangent line and a radius is a right triangle.) This means that we can use the Pythagorean theorem to solve for x.

Below here is where the work is shown

a² + b² = c². where a and b = legs and c = hypotenuse. We are given the hypotenuse (5) and a leg (3) So we plug in what we are given and solve for the missing information. 5² = 3² + b²  

5² = 25

3² = 9

we would then have 25 = 9 + b²

Next we subtract 9 from each side

25 - 9 = 16

9 - 9 cancels out

Now we have 16 = b²

finally we want to get rid of the ²

To do so we take the square root of each side

\sqrt{16}=4\\\sqrt{b^2}=b\\b = 4

we're left with b = 4 which means that x = 4

8 0
3 years ago
Slope = 2; (-1,4)<br><br> Gghhhgggggghgehwjwjwjwjwjwjw
krok68 [10]

The slope intercept form is given as  y = 2x + 6

The general expression for slope intercept form is given as:

                   y = mx + c

where, m = slope

             c = intercept

The formula for slope intercept form when we have been given the coordinates of a point and slope is given as :

           (y-y_{1}) = m(x-x_{1})      (1)

where (x_{1} , y_{1}) = the coordinates of a point

               m = slope of the line

putting the required values in equation (1) we get

            (y - 4) = 2(x- (-1))

            (y - 4) = 2(x+1)   [As (-)*(-) = +]

             y - 4 = 2x + 2

              y = 2x + 2 + 4

              y = 2x + 6

Thus the slope intercept form is y = 2x + 6

Learn more about slope intercept form here : brainly.com/question/19440459

#SPJ9                

8 0
1 year ago
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