Answer:
Complete explanation is in the picture.
Step-by-step explanation:
Answer:
$149.66
Step-by-step explanation:
Step 1
Calculate Total Amount payable to the bank using compound interest
Total Amount payable (A) =
P(1 + r/n)^nt
P = Principal = $2000
r = Interest rate = 9% = 0.09
n = compounding interest = quarterly = 4
t = time in years = 2
Total Amount payable
= 2000(1 + 0.09/4)^0.09 × 2
A = $ 2,389.66
Interest = A - Principal
= $ 2,389.66 - $ 2,000.00
I (interest) = $ 389.66
Step 2
Calculate the Total amount payable to his uncle using simple interest.
Total Amount (A) = P(1 + rt)
P = Principal = $2000
r = Interest rate = 6% = 0.06
t = time in years = 2
A = 2000(1 + 0.06 × 2)
A = $2,240
A - Principal
= $ 2,240 - $ 2,000.
I (interest) = $240
Step 3
The amount of money you will save by borrowing the money from your uncle is calculated as:
Amount payable to the bank - Amount payable to your uncle
= $ 2,389.66 - $2,240
= $149.66
Therefore, the amount of money you will save by borrowing the money from your uncle is $149.66
9 miles, you dont even need much math, just common sense. divide 12 by 4 and you get three. multiply 3 by 3 to get 9.
Answer:
N = 400(1.25^t); 3725
Step-by-step explanation:
25% more is 125% of the previous, which is 1.25
N = 400(1.25^t)
t = 10
N = 100(1.25^10)
N = 3725.290298
Around 3725 people
The answer is 73.33333333 (repeated). You can also write it as 73 or 73.3 with a line over the 3 (after the decimal point) to indicate it being repeated.
