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Mekhanik [1.2K]
3 years ago
8

Thang decided to borrow $5000 from his local bank to help pay for a car. His loan was for 3 years at simple interest rate of 7%.

How much interest will Thang pay?
Mathematics
1 answer:
babunello [35]3 years ago
3 0
7% of 5000 would be 350 
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If your balance after 8 years in the bank at a rate of interest of 11%% is 3783193 how much was your original deposit? 29 Origin
Wittaler [7]

Answer:

The original amount deposit is $1641627.68.

Step-by-step explanation:

Given : If your balance after 8 years in the bank at a rate of interest of 11%% is 3783193.

To find : How much was your original deposit?  

Solution :

Applying interest formula,

A=P(1+r)^t

Where, A is the amount i.e. A=$3783193

P is the principal value i.e. the original deposit

r is the interest rate r=11%=0.11

t is the time t=8 years.

Substitute the value in the formula,

3783193=P(1+0.11)^8

3783193=P(1.11)^8

3783193=P\times 2.30

P=\frac{3783193}{2.30}

P=1641627.68

Therefore, The original amount deposit is $1641627.68.

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A store manager is accepting applications for part-time workers. he can hire no more than 14 people. so far,he has hired 9 peopl
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The manager already hired 9 people. Let x be the number of people he still can hire. Since these people will add to the 9 he already hired, when the hiring campaign will be over he will have hired 9+x people. We know that he can't hire more than 14 people, so the number of people hired must be less than or equal to 14:

9+x \leq 14

If we subtract 9 from both sides, we have

x \leq 14-9=5

so, the manager can hire at most 5 other people

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