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Olenka [21]
2 years ago
14

A $3,500 loan, taken now, with a simple interest rate of 5% per year, will require a total repayment of $3,850. At what time t w

ill the loan mature?
Mathematics
2 answers:
Alecsey [184]2 years ago
5 0

Answer:

Roughly 2 years

Step-by-step explanation:

3500(1.05)^t=3850

(1.05)^t=1.1

t=1.953

So roughly 2 years

Lapatulllka [165]2 years ago
5 0

i think this is it?

The simple annual interest formula shows the interest charged on a loan.

To solve follow the formula - I = Prt

P is the principle, r is the annual interest in decimal form and t is the loan period.

I = ?

P principle = 3500

R interest rate = 0.05

T time 1 year

I=3,500×0.05×1

I=175

The answer is $175, so the amount of interest charged on the loan in one year is $175.

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The measurements of 11 fish caught during an angling competition are recorded.
stepladder [879]

Answer:

Step-by-step explanation:

A) = (35,?)

B) = POSITIVE

C) = 601

7 0
2 years ago
Neal opened a savings account 11 years ago with a deposit of $2,335.69. The account has an interest rate of 4.3% compounded dail
Vinvika [58]

Answer: $1,412.52

Step-by-step explanation:

Formula to calculate the accumulated amount if <em>P</em> principal invested for <em>t </em>years at a rate of interest <em>r</em> that compounded daily is given by:-

A=P(1+\dfrac{r}{365})^{365t}

Given: P= $2,335.69

r= 4.3%= 0.043

t= 11 years

Then,

A=2335.69(1+\dfrac{0.043}{365})^{365\times11}\\\\=2335.69(1+0.000117808219178)^{4015}\\\\=2335.69(1.000117808219178)^{4015}\\\\= 2335.69(1.6047566747)\\\\=3748.09044309\approx3748.21\\\\\Rightarrow\ A=\$3748.21

Interest earned = A-P

= $3748.21- 2335.69.

= $1412.52

Hence, Neal earned $1,412.52 as interest.

8 0
2 years ago
Aryon has $15. He buys 2 Cokes that each cost $1.00. He also buys a
fenix001 [56]
15.00-5.00-2.00-2.00= $6.00
7 0
2 years ago
Which point is a solution to the system of linear equations?
Sloan [31]

The ordered pair which is a solution to the system of linear equations is: A. (3, 0).

<h3>How to determine the solution?</h3>

In order to determine a solution to the system of linear equations, we would have to test the given ordered pairs by substituting their values into the linear equations as follows;

For ordered pair (3, 0), we have:

y = −x + 3

0 = -3 + 3

0 = 0 (True).

2x − y = 6

2(3) - 0 = 6

6 - 0 = 6

6 = 6 (True).

For ordered pair (3, -1), we have:

y = −x + 3

-1 = -3 + 3

-1 = 0 (False).

For ordered pair (0, 3), we have:

y = −x + 3

3 = 0 + 3

3 = 3 (True).

2x − y = 6

2(0) - 3 = 6

0 - 3 = 6

-3 = 6 (False).

For ordered pair (-1, 3), we have:

y = −x + 3

3 = -1 + 3

3 = 2 (False).

Read more on ordered pairs here: brainly.com/question/12179097

#SPJ1

6 0
9 months ago
Five less than the product of a number and-8 is -77
SVETLANKA909090 [29]

five less than the product of a number and-8 is -77

-8n -5 = -77

add 5 to each side

-8n = -72

divide by -8

n =9

5 0
2 years ago
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