3 years ago

You borrowed 59,000 for 2 years at 11% which was compounded annually what total will you pay back

Mathematics

1 answer:

mariarad [96]3 years ago

6 0

Year one, 59,000 + 11% = 65,490
Year two, 65,490 + 11% = 72,693.90

You might be interested in

If you bought your car 5 years ago for $15,000 and today you can sell for $7000, what was it's rate of depreciation? Round to tw

serg [7]

Answer : The rate of depreciation is, $16000

Step-by-step explanation :

Formula used to calculate the rate of depreciation is:

$\text{Depreciation rate}=\frac{\text{Purchase price of asset }+\text{ Salvage value}}{\text{Estimate life of asset}}$

Given:

Purchase price of asset = $15000

Salvage value = $7000

Estimate life asset = 3 years

Now put all the given values in the above formula, we get:

$\text{Depreciation rate}=\frac{15000+7000}{5}$

Deprecation rate = $16000

Therefore, the rate of depreciation is, $16000

5 0

3 years ago

What is the slope of the line with points A and B?

marshall27 [118]

Answer:

-1

Step-by-step explanation:

A = (0,0)

B = (1,-1)

Slope = (-1-0)/(1-0) = -1/1 = -1

3 0

3 years ago

5n + 5= 45 Please help...<br><br>constant=_, coefficient=_

madreJ [45]

Answer:

Step-by-step explanation:

5n + 5 = 45

Coefficient of n = 5

Constant = 5 & 45

8 0

3 years ago

Read 2 more answers

How do you write an equation for the sum of three consecutive numbers equals 384?

emmasim [6.3K]

Let x be the smallest number.
x＋(x＋1)＋(x＋2)＝384
3x＋3＝384
3x＝381
x＝127
The three consecutive numbers are 127, 128 and 129.

Hope my answer helped u :)

4 0

3 years ago

3- An archaeologist descends 18 feet into a canyon, then climbs up 14 feet. 1 point

Lady_Fox [76]

4 feet.

Because 18-14 is 4

8 0

3 years ago