Answer:
The total interest to pay back on the loan is $122.40
Step-by-step explanation:
Here. we want to get the amount of interest on the loan
We are going to use the compound interest formula here
A = P(1 + r/n)^nt
where A is the amount to be paid back
P is the amount borrowed called the principal which is $1,500
r is the interest rate which is 4% annually
This is same as 4/100 = 0.04
n is the number of times the interest will be compounded per year ; annually means yearly and so for this case, n = 1
t is the number of years = 2
So we have;
A = 1500(1 + 0.04/1)^(2)(1)
A = 1500(1.04)^(2)
A =$ 1,622.40
So the amount of interest is the difference between the amount borrowed and the value to pay back
That will be;
$1,622.40 - $1,500
= $122.40
Answer: I'm not sure but there's some explanation..
Step-by-step explanation:
K=11
T=20
Symbol I C
Hope this helps!
*You also need a pic
To find the inverse of a function, we make the independent variable the subject of the formula.
Thus, the inverse of the given function is evaluated as follows.
From the work show, it can be seen that Talib's work is correct.
No, line graphs are used only to show change over time
