All categories

3 years ago

At the end of a 10-year loan, $13,570 had

Mathematics

2 answers:

Natalija [7]3 years ago

5 0

Answer:

5.9%

Step-by-step explanation:

Assuming simple interest compounded annually,

Final Amount = Initial amount [ 1 + (interest rate)(number of years) ]

or mathematically

A = P (1 + rt)

in our case, we are given

A = Initial Amount + Interest = $23,000 + $13,570 = $36,570

P = $23,000

t = 10 years

Substituting this into the equation for simple interest,

36,570 = 23,000 (1 + 10r) (divide both sides by 23,000 and rearrange)

(1 + 10r) = 36,570 / 23,000

(1 + 10r) = 1.59 (subtract 1 from bot sides)

10r = 1.59 - 1

10r = 0.59 (divide both sides by 10)

r = 0.59 / 10

r = 0.059

hence the interest rate expressed as percentage is,

0.059 x 100% = 5.9%

Varvara68 [4.7K]3 years ago

3 0

Hiiiiiiiii the answer is .......... I don’t knowwweeee!!!!!

You might be interested in

A total of 12,650 voters completed an online survey that asked if they are going to vote for a certain political canidate in an

Masteriza [31]

Answer:You have roughly the same chance of being called as anyone else living in the United States who has a telephone. This chance, however, is only about 1 in 154,000 for a typical Pew Research Center survey. To obtain that rough estimate, we divide the current adult population of the U.S. (about 235 million) by the typical sample size of our polls (usually around 1,500 people). Telephone numbers for Pew Research Center polls are generated through a process that attempts to give every household in the population a known chance of being included. Of course, if you don’t have a telephone at all (about 2% of households), then you have no chance of being included in our telephone surveys.

Step-by-step explanation:

5 0

3 years ago

Only answer if you’re sure, will give Brainly :) thank you

nadezda [96]

The answer is 44 h(-7)= -7^2 -5 =49-5=44

4 0

3 years ago

Read 2 more answers

36x10 pls hellp dang it

Natali5045456 [20]

Hello from MrBillDoesMath!

Answer: 360

Discussion. Multiplying a number by 10 effectively places a zero to the right of the number.

36 * 10 = 360

Thank you,

MrB

8 0

3 years ago

Read 2 more answers

The surface of a hill is modeled by z = 100 − 4 x 2 − 2 y 2 . When a group of hikers reach the point (-3,-2,56) it begins to sno

m_a_m_a [10]

Answer:

(-24, -8)

Step-by-step explanation:

Let us recall that when we have a function f

$\large f:\mathbb{R}^2\rightarrow \mathbb{R}\\f(x,y)=z$

<em>if the gradient of f at a given point (x,y) exists, then the gradient of f at this point (x,y) gives the direction of maximum rate of increasing and minus the gradient of f at this point gives the direction of maximum rate of decreasing</em>. That is

$\large \nabla f=(\frac{\partial f}{\partial x},\frac{\partial f}{\partial y})$