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Lerok [7]
4 years ago
5

If $10,000 is borrowed with an interest of 5.0% compounded annually, what is the total amount of money needed to pay it back in

5 years? Round your answer to the nearest cent and do not include the dollar sign.
Mathematics
2 answers:
svp [43]4 years ago
8 0

Answer:

it is 12500

Step-by-step explanation:

The amount times the percent times the years gives you the intrest and you add that to the amount and that gives you the total

Anuta_ua [19.1K]4 years ago
3 0
You have to first change 5% into a decimal by moving it 2places to the left so .05 and then multiply that .05 x 10000 you’ll get 500 that only for a year for 5years 500 x 5 =2500 and then finally add 10000 to get the total amount for 5 years which will be 12500
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3 (x + 1) = 5 + x

First you must distribute the 3 to the values inside the parentheses:

3 (x + 1) = 5 + x

(3 * x) + (3 * 1) = 5 + x

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Now you must combine like terms. Like terms are numbers that have matching variables like 3x and x OR are numbers with out variables like 3 and 5.

3x - x = 5 - 3

2x = 2

Next, to completely isolate x, divide 2 to both sides. Since 2 is being multiplied by x, division (the opposite of multiplication) will cancel 2 out (in this case it will make 2 one) from the left side and bring it over to the right side.

2x / 2 = 2 / 2

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Check:

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3 (2) = 5 + 1

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^^^This is true, therefore:

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