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Anna71 [15]
3 years ago
10

What is the future value (total amount due) on a $12,000 loan at 8% compounded

Mathematics
1 answer:
svp [43]3 years ago
3 0

Answer: $20,780.10

Step-by-step explanation:

You need the Compound Interest Formula

A = P(1 + r/n)^nt

Step 1: Create the equation.

12,000(1 + 0.08/2)¹⁴

Step 2: Solve the equation.

Follow PEMDAS (parenthesis, exponents, multiplication...)

Parenthesis: (1 + 0.08/2) = (1 + 0.04) = (1.04)

Exponents: (1.04)¹⁴ = (1.73168)

Multiplication: 12,000(1.73168) = 20,780.1

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Step-by-step explanation:

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5 0
3 years ago
What is the slope of the line represented by 5x- 12y = 24
madam [21]

Answer: Slope= 0.833/2.000= 0.417

​

Step-by-step explanation:

3 0
2 years ago
Read 2 more answers
Hector deposited $90 in a savings account earning 10% interest, compounded annually. to the nearest cent how much interest will
Tcecarenko [31]

Answer:

$117

Step-by-step explanation:

$90*10= $9

1 year is $9 interest, which is increase.

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So than you add $27 and $90 and get $117

8 0
3 years ago
Braden biked 10 8/9 miles on Monday. On Tuesday, he biked 3/ 4 as far as Monday. How many total miles did he bike over the two d
torisob [31]

Answer:

19 1/18 miles.

Step-by-step explanation:

For Tuesday's ride we need to multiply 10 8/9 by 3/4.

10 8/9 = (9*10+8) / 9 =  98/9 miles.

98 / 9  * 3/4

= 98/3 * 1/4

49/6

= 8 1/6 miles.

Total miles over 2 days = 10 8/9 + 8 1/6

= 18 + 8/9 + 1/6

= 18 +  48/54 + 9/54

= 18 57/54

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3 years ago
two bags contains 10 balls each. Every round you choose with equal probability one of the two bags and pick out a ball. After a
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Answer:

6.10%

Step-by-step explanation:

For every round since we are choosing with equal probability, then the probability of choosing from either of the bags is 1/2

Here, this scenario is only possible when a particular bag has been chosen 10 times and the other bag has been chosen 6 times ( meaning a particular bag has been emptied and for a particular bag to be emptied, all of its content would have been picked)

Now on the 17th trial, an empty bag is chosen

Therefore the required probability will be;

16C0 * (1/2)^10 * (1/2)^6 * 1/2 = 0.0610 = 6.1%

4 0
3 years ago
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