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:
$18.5
Step-by-step explanation:
6 divided by 3 = 2
27 divided by 2 = 18.5
Answer:
Thus, it is possible to erect a pole at a point p on the boundary of the park at distances 5m and 12m respectively from gates B and A.
Step-by-step explanation:
Let P be the required location of pole .
A and B are the two gates.
Let the distance of pole at p from gate be 'x' meters
i.e. PB = x m
•°• AP = (x + 7)m and AB = 13 m
•°• AP² + BP² = AB² => (x +7)² + x =13²
Rejecting x =-12, we get x = 5
•°• PB = 5m
and
AP = 12m
(I hope this helped :)
I hope this helps!
Can I please have brainiest?
