Answer:
$8511.11
Step-by-step explanation:
Each year, the amount Walter owes is multiplied by 1.06, so at the end of 6 years, Walter owes 1.06^6 times the amount he borrowed.
he will pay $6,000×1.06^6 ≈ $8511.11
_____
At the end of the first year, Walter owes the original loan amount plus 6% interest. That total is ...
$6000 + 0.06×6000 = $6000×1.06
At the end of the following year, he owes 1.06 times that amount, or ...
6000×1.06²
The amount owed is multiplied by 1.06 each year until Walter pays off the loan.
Answer:
Step-by-step explanation:
-3x - 21 + 2x -4
-x - 25
-(x + 25)
Answer:♀️
Step-by-step explanation:
This is exponential decay which can be expressed as:
y=ab^t, y=final value, a=initial value, b=rate, t=time
In this case a=25000, r=(100-20)/100=0.8 so
y=25000(0.8^t), so in 4.5 years...
y=25000(0.8^4.5)
y≈$9158.93 (to nearest cent)
Answer:
4w^2 +4w+1
this is the product.
Step-by-step explanation:
