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vladimir2022 [97]
2 years ago
6

An amount of 41,000 is borrowed for 15 years at 8.5% interest, compounded annually. If the loan is paid in full at the end of th

at period, how much must be paid back?
Use the calculator provided and round your answer to the nearest dollar.
Mathematics
2 answers:
SIZIF [17.4K]2 years ago
8 0

Answer: $93,275.00

Step-by-step explanation:

$41,000 + $41,000 (8.5%) (15)

= $41,000 + $52,275.00

= $93,275.00

bazaltina [42]2 years ago
3 0

Answer: $139390 must be paid back.

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1 + r/n)^nt

Where

A = amount to be played back at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount borrowed.

From the information given,

P = 41000

r = 8.5% = 8.5/100 = 0.085

n = 1 because it was compounded once in a year.

t = 15 years

Therefore,

A = 41000(1 + 0.085/1)^1 × 15

A = 41000(1 + 0.085)^15

A = 41000(1.085)^15

A = $139390

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Nookie1986 [14]

Answer:

A  = 57°

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C = 104°

Step-by-step explanation:

We have a triangle with 3 angles:

A, B, and C.

We know that:

"Angle A is 3 times larger than angle B"

We can write this as:

A = 3*B

"Angle C was 10° less than 6 times angle B"

This can be written as:

C = 6*B - 10°

And we also know that the sum of all interior angles of a triangle is 180°

Then we also have the equation:

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A = 3*B

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To solve this, the first step is to isolate one of the variables in one of the equations.

We can see that A is already isolated in the first one, so we can skip that step.

Now we need to replace A in the other equations, to get:

C = 6*B - 10°

(3*B) + B + C = 180°

Now we have a system of two equations.

Let's do the same procedure, we can see that C is isolated in the top equation, so we can just replace that in the other equation to get:

3*B + B + (6*B - 10°) = 180°

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4*B + 6*B - 10° = 180°

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10*B = 180° + 10° = 190°

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Now that we know the measure of angle B, we can input this in the equations:

A = 3*B

C = 6*B - 10°

To find the measures of the other two angles:

A = 3*19° = 57°

C = 6*19° - 10° = 104°

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Step-by-step explanation:

Divide 15 by 5 to get 3; on the blueprint, every centimeter represents 3 feet.

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