I think that the question you are trying to ask is . . . A college student takes out a $7500 loan from a bank. What will the balance of the loan be after one year(assuming the student has not made any payments yet)
a. if bank charges 3.8% interest each year ?
b. if the bank charger 5.3% interest each year ?
Answer:
(a) $7785
(b) $7897.5
Step-by-step explanation:
Given:
Loan = $7500
We need to find the balance of the loan be after one year(assuming the student has not made any payments yet).
The formula for amount or loan is
A = P( 1 + r)^t .... (1)
where, P is principle, r is rate of interest and t is time in years.
(a) If bank charges 3.8% interest each year.
r = 3.8% = 0.038
Substitute P=7500, r=0.038 and t=1 in equation (1).
A = 7500 (1 + 0.038)^1
A = 7500 (1.038)
A = 7785
Therefore, the balance of the loan be after one year is $7785.
(b) If the bank charger 5.3% interest each year.
r = 5.3% = 0.053
Substitute P=7500, r=0.053 and t=1 in equation (1).
A = 7500 (1 + 0.053)^1
A = 7500 (1.053)
A = 7897.5
Therefore, the balance of the loan be after one year is $7897.5.
D:comforting
I used the process of elimination.
it cant be burdensome because that means bothersome
it cant be explanatory because reassurance is a feeling of saftey
it cant be emapathy because thats relating to someone
its comforting because when you are comftorable you are safe and when you reassured you feel safe
Answer:
"Teaching an old dog new tricks"
Explanation:
"Go out on a limb" means that you do something risky for someone else. (Going on a narrow limb on a tree).
"Play by ear" means you improvise as you go. (Playing an instrument after hearing a song immediately).
"Teaching an old dog new tricks" means sometimes it's hard to teach someone something new if they become set in stone about something. (After a dog has passed a certain age it may be harder to teach it tricks).
≧◡≦
Mocha here! If this answer helped you, please consider giving it brainliest because I would appreciate it greatly. Have a wonderful day!
Have a good day in Japanese is <span>Yoiichinichiwo sugoshite kudasai
Hope that helps you! :) </span>
