Answer:
$14025.52
Step-by-step explanation:
The Total amount after a compound interest can be calculated using the formula:
where P is the amount of deposit, R is the rate of interest, n is the duration.
Hence by substituting the values, we get:
T = <u>$14025.52 (nearest cent)</u>
That would be the angle whose tangent is 9/15
Answer 31 degrees
Answer:
$482.50
Step-by-step explanation:
Base salary: $400
5% of 1,650 is 82.50
.05 x 1,650 = 82.50
Commission : $82.50
Equation: 400 + 82.50 = $482.50
<span>1. </span><span>Loan = 5000 dollars
Every years = 8% interest
Paid a total of 5350 dollar
Find the term of the loan
=> 8% = 8/100
=> .08
=> 5000 x .08 = 400, but he only paid 350 as interest that means the term is
less than 1 year
=> In a year, there are 12 months, so that’s equals
=> 12 months / 8% interest
=> 1.5, every month his loan is increasing 1.5%
=> 5000 x 0.07 = 350
=> 7 percent x 1.5 percent = 10.5
Thus, he paid 5350 dollars for his 10 months loan
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