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Rzqust [24]
3 years ago
6

A family club keeps a small amount of money on hand for members to borrow for short periods of time. The simple interest charged

is 7.5%. Stephen borrowed $5,000 for 3 months. How much, to the nearest dollar, was he required to pay back at the end of 3 months?
Mathematics
1 answer:
JulijaS [17]3 years ago
6 0

Answer:

$6125

Step-by-step explanation:

5000 x 3 x .075 = 1,125

5000 + 1125 = 6125

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3 years ago
terry opened a savings account in December with $132 and saved $27 each month beginning in January the value of terrys account i
liq [111]
Let S be the amount in a savings account. 
Let m be the number of months.

General equation
S = 132 + 27m

Specific question
July is the 7th month of the year including both January and July.
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S = 132 + 189
S = 321

Reasonableness?
Good question. You could estimate an answer.
Start with 150 dollars and say that you add 25 a month.
7 * 25 = 175
S = 150 + 175 = 325 All of this was done in my head. Since the exact answer obtained using the formula is 321, I think that's pretty reasonable using my estimate is a guide.
4 0
3 years ago
Write out the following proportions in words. 81/9 = 45/5
sergiy2304 [10]
What do you mean by in words?
7 0
3 years ago
A=1/2h(b1+b2) solve for b2. How on earth do I do this?
storchak [24]
To eliminate the fraction, multiply by 2 both sides of the equation. This gives,
                                     2A = h x (b1 + b2)
Then, divide both the left hand and the right hand side of the equation by the variable h.
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Next, subtract b1 from both sides,
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Rearranging  the equation,
                                        b2 = (2A/h) - b1
 
8 0
3 years ago
What answer would this be (-3)(-5)(0)
DIA [1.3K]
-3 × -5 = -15
-15 × 0 = 0
6 0
4 years ago
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