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3 years ago

Nicole has a machine that will produce a number from through when she pushes a button. If she pushes the button, what is:

1 answer:

4 0

Answer: 9/50 There is going to be 18% that the number which will be produced after Nicole will push the button will be ae one digit number

Step-by-step explanation:

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Suzanne is looking at taking out a personal loan. Opportunity Loans is offering her $1600 at 3.45% for 1 year, with interest com

AleksAgata [21]

Step-by-step explanation:

So the general formula for compound interest is $A = P(1+\frac{r}{n})^{nt}$ where r is the interest rate, t is the time in years, and n is the amount of compounds per year. So plugging in the values for both equations you'll get

Opportunity Loans:

$A = 1600(1+\frac{0.0345}{12})^{(12)(1)}$

$A = 1600(1.002875)^{12}$

$A \approx 1600(1.035)$

$A = \$1,656.08$

Now to find the interest accrued on this loan you simply subtract 1600 from the A or final amount

$Interest=1656.08-1600\\Interest=56.08$

General Loans:

$A = 1600(1+\frac{0.042}{4})^{(4)(1)}$

$A = 1600(1.0105)^4$

$A \approx 1600(1.042)$

$A = 1,668.27$

To find the interest we do the same thing we did in the previous problem

$interest = 1668.27-1600\\interest=68.27$

Opportunity loans has the least amount of interest after a year

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2 years ago