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3 years ago

A family deposited $8000 into an account six years ago. The account earned

2 answers:

6 0

For this you have to ask yourself:

$1200 is what percent of $8000

$1200/$8000 = x%
0.15 = x%
0.15 x100 = 15%

The rate for the account is 15%

nataly862011 [7]3 years ago

3 0

Use I = prt

1200 = 8000r(1)

1200/8000 = r

0.15 = r

15% = r

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As an incoming college freshman, Tina received a 10-year $9,900 Federal Direct

Ksju [112]

The amount charged on the loan which is the loan interest rate, increases as the time after the initial amount is credited into the account increases.

The interest on the Federal Direct Unsubsidized Loan after 4 years 6 months is $1,911.195

Reasons:

The given parameter are;

Loan amount, the principal, P = $9,900

Duration of the loan = 10 years

Loan interest rate, R = 4.29%

Required:

The amount of interest that will accrue while she is still in school and over the 6-months grace period for the freshman loan.

Solution:

Based on a similar question on an online source, we have;

Interest, I = P × R × T

Where;

T = The time = The time the freshman is in school + 6 months

Therefore, normally, we have;

T = 4 years + 6 months = 4.5 years

R = 4.29% = 0.0429

Therefore;

Interest, I = 9,900 × 0.0429 × 4.5 = 1911.195

The interest that will accrue while she is still in school and over the 6-months grace period for the loan, I = $1,911.195

Learn more about the interest rate here:

brainly.com/question/1368015

6 0

1 year ago

Select the correct answer.

iris [78.8K]

The future value of $1,000 invested at 8% compounded semiannually for five years is $\bold{\$ 1,480}$

Solution:

$\bold{A = P (1 + i )^{n}}$ ----------- equation 1

A = future value

P= principal amount

i = interest rate

n = number of times money is compounded

P = 1000

i = 8 %

$\mathrm{n} = \text { compounding period } \times \text {number of years}$

(Compounding period for semi annually = 2)

$\mathrm{n} = \text { compounding period } \times \text {number of years}$

Dividing “i” by compounding period

$i = \frac{8 \%}{2} = 0.04$

Solving for future value using equation 1

$\begin{array}{l}{A = 1000(1 + 0.04)^{10}} \\\\ {=1000 (1.04)^{10}}\end{array}$

$= 1480.2$

$\approx 1,480 \$$

3 0

2 years ago

Write in standard form 3+4i/2-6i

ziro4ka [17]

The answer would be 3-4i

4 0

2 years ago

This is right...A is wrong.

Kipish [7]

Answer:

Answer: I don't know ...

5 0

2 years ago

Solve for x: 3x+2y=7

iVinArrow [24]

$3x+2y=7\ \ \ |subract\ 2y\ from\ both\ sides\\\\3x=7-2y\ \ \ |divide\ both\ sides\ by\ 3\\\\\boxed{x=\dfrac{7-2y}{3}}$

8 0

2 years ago