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:
10-5your helpful my answer right or wrong
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As the number of pieces in a whole gets larger, the size of the pieces gets smaller. This is represented by the denominator in a fraction. As the denominator increases, the number of pieces the whole is divided into also increases so the size of the pieces is smaller.
1/2 > 1/3 > 1/4 > 1/5 etc...
Fractions get smaller as the denominator gets bigger.
Answer:
9 weeks
Step-by-step explanation:
Since you know your multiplication tables, you know that 6·8 = 48 and 6·9 = 54. This tells you 8 weeks is not enough, but Jessie will have saved at least 50 by week 9.
