Answer: $3267.40
Step-by-step explanation:
A = P (1+r/n)^nt
A= 2500 (1+0.055)^nt
A= 2500 x 1.30696
A = 3267.40
Answer:
$5659.11
Step-by-step explanation:
We are given;
- Time of loan maturity is 5 years
- Rate of compound interest is 7% compounded quarterly
- Principal amount of the car is $4000
We are required to determine the total amount he paid at the end of 5 years..
The concept being tested is compound interest;
We are going to use the compound interest formula;
Amount = P(1+r/100)^n
Where P is the the principal amount
r is the rate of interest
n is the interest periods
In this case;
n = (5 × 4) = 20
r = 7 ÷ 4 = 1.75 ( as the money was compounded quarterly)
Thus;
Amount =$ 4000 ( 1 + 1.75)^20
= $4000 (1.0175)^20
= $5659.11
Therefore, the money that Joe will have paid at the end of 5 years is $5659.11
Answer:
x=5
Step-by-step explanation:
2x+2-7=5
2x-5=5
2x=10
x=5
Answer:
It is the same thing except for subtracting -4x and 9x, you subtract -4 and 9 and just add x at the end
5 folders - $2 each = 10 $
3 note books - $3 each = 9 $
17 book covers minus 12 = 5
5 book covers - $1 each = 5$
10 + 9+5 = 24$