Answer:
85 in intreset and 935 totoal
Step-by-step explanation:
Answer:
A = $935.00
I = A - P = $85.00
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year.
Solving our equation:
A = 850(1 + (0.05 × 2)) = 935
A = $935.00
The total amount accrued, principal plus interest, from simple interest on a principal of $850.00 at a rate of 5% per year for 2 years is $935.00.
Answer:
$183.3
Step-by-step explanation:
Ruth uses healthy credit to finance $2,200 for a hearing aid how much would she have to pay each month to pay back the loan in exactly 1 year
Ruth took a loan of $2,200
1 year = 12 months
Hence, the amount she would be paying monthly is calculated as:
$2,200/12 months
= $2,200/12
= $183.33333333
Approximately = $183.3
Therefore, Ruth would be paying $183.3 monthly.
Answer:
y= 1/3x + 7
Step-by-step explanation:
Answer:
$4100
Step-by-step explanation:
For Kaisha to get this car we have these information available
Amount saved = $1300
The cost of the car = $5400
Let The amount left to complete the car = k
We have this equation
K + $1300 = $5400
K = 5400 - 1300
K = 4100
Therefore Kaisha still needs to earn an additional amount of $4100 for the total amount of the car to be completed.
