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nataly862011 [7]
3 years ago
15

Find the total paid on a $65,000 loan with 6% simple interest for 4 years

Mathematics
1 answer:
zubka84 [21]3 years ago
5 0

Answer:

**If the interest is by year then this should work

The interest is $15600 and the amount is $80600.

Step-by-step explanation:

Problem

You deposit $65000 into a bank account paying 6% simple interest per year. You left the money in for 4 years. Find the interest earned and the amount at the end of those 4 years?

Result:

The interest is $15600 and the amount is $80600.

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For this problem, our slope is (0 - 2)/(3 - 0) = -2/3.

We can now use the point-slope formula to find the equation of our line:
(y - y_1) = m(x - x_1)
(y - 2) = -2/3(x - 0)
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y = (-2/3)x + 2

The equation of our line is \boxed{y = -\frac{2}{3}x + 2}.


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3 years ago
Imani spent half of her weekly allowance playing mini-golf. To earn more money, her parents let her wash the car for $4. What is
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Answer:

$16

Step-by-step explanation:

This method is probbaly working backwards. I'm not sure.

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2 years ago
The Cupcake Factory makes the pattern shown to the right using candy hearts on its Friday Special cupcake. Write an equation usi
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So this said "Constant of proportionality," is referring to basically the answers for the equation when X equals certain numbers.

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Replace X for a different value, and you will get a bunch of different numbers that will in essence be your function inputs and outputs.  Make a table of these and you have your answer.

EXAMPLE - 
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So there you have it.  I hope this helps!  If you have any further questions, don't hesitate to ask.
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