Answer:the term of the loan is approximately 4 months
Step-by-step explanation:
The term of the loan means the period for which the loan was given.
We would apply the formula for simple interest which is expressed as
I = PRT/100
Where
P represents the principal
R represents interest rate
T represents time in years
I = interest after t years
From the information given
P = 17500
R = 6.5%
I = total amount paid - principal
I = 17,873.97 - 17,500.00 = 373.97
Therefore
373.97 = (17500 × 6.5 × T)/100
373.97 = 1137.5T
T = 373.97/1137.5
T = 0.32 years
Converting to months, it becomes
0.32 × 12 = 3.84
Approximately 4 months.
Vertex =(1,2). It’s is also the minimum of our parabola
Y-intercept (0,3)
Axis ps symmetry is x=1
P(heads, and even and blue) = 1/2 *3/6 *1/4=1/2*1/2*1/4=1/16
P(heads, and 5, and green) = 1/2*1/6*1/4=1/48
P((heads or tail), and odd, and red)= (1/2+1/2)*3/6*1/4=1*1/2*1/4 = 1/8
P((heads or tail), and 3, and yellow)= (1/2+1/2)*1/6*1/4=1*1/6*1/4=1/24
P(tails, and prime, and not green) = 1/2 *3/6*3/4= 1/2*1/2*3/4=3/16
(Prime numbers here are 2,3 and 5)
Answer:
It will take 4 years to deplete the account.
Step-by-step explanation:
Prudential Reality has an escrow account that contains $20,000.
The client withdraws $5000 now and that leaves $15000.
After one year an amount of $4500 is withdrawn which leaves ($15000 - $4500) = $10500
After two years an amount of $4000 is withdrawn which leaves ( $10500 -$4000) = $6500.
After three years an amount of $3500 is withdrawn which leaves ( $6500 - $3500) = $3000
After four years an amount of $3000 is withdrawn which leaves ($3000 - $3000) = $0 in the account.
Hence it will take 4 years to deplete the account.
Cost: $30
x: amount of days
y=30x
