Assuming the loan is as described, seven-year loan, which means that Kyle does not repay a cent before seven years.
This is a compound interest problem where n=7 years, interest rate i=0.05, and present value P=8000.
At the end of seven years, Kyle will have to pay
Future value = F = P(1+i)^n = 8000(1.05)^7 = 11256.80 (to the nearest cent)
Answer:
Step-by-step explanation:
In order to solve this, we are trying to find the value of 
. Basically, is a placeholder for a number that is unknown. Some number minus 3 is equal to 21.
Our goal is to find . To do this we want to isolate on one side of the equation
Let's add 3 to both sides.
Hope this helped!
Graphing the circle and the points shows that the point that lies outside the circle is ...
(2, 0)
Answer:
I believe the answer is a.
Exponential decay is a very common process especially when we are talking about radioactive materials. So, there is already a common formula for this type of behavior which is written below:
A = Pe^-rt
where
A is the amount left after time t
P is the initial amount at t=0
r is the rate
Substituting the values,
A = (780 g)(e^-0.163*16)
A = 57.5 g
