1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vladimir2022 [97]
3 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]3 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]3 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

You might be interested in
Solve each equation for y (get into slope-intercept/y=mx + b form):
Gwar [14]

Answer:

Step-by-step explanation:

In order to do this we need to isolate y by performing the inverse operations on the other values like so...

a)   10x + 5y = 20   ... subtract 10x on both sides

     5y = 20 - 10x    ... divide both sides by 5

       y = 4 - 2x   ... we can move the 2x to the right to make it into y = mx + b

       y = -2x + 4

b)   3x - 2y = 10 + 4x   ... subtract 3x on both sides

      -2y = 10 + x    ... divide both sides by -2

       y = -5 - 0.5x ... move -0.5 to the left so it matches y = mx + b

      y = -0.5x - 5

3 0
3 years ago
PLEASE HURRY I NEED MY WORK TO BE SHOWN!!!!! 15 POINTS!!! CORRECT ANSWERS ONLY PLEASE!!!
Harlamova29_29 [7]

Answer:

f(-4) = 72, f(x + 5) = 3x² + 23x + 36

Step-by-step explanation:

f(-4) = 3(-4)² - 7(-4) - 4

      = 48 - (-28) - 4

f(-4) = 72

f(x + 5) = 3(x + 5)² - 7(x + 5) - 4

           = 3(x + 5)(x + 5) - 7(x + 5) - 4

           = 3(x² + 10x + 25) - 7(x + 5) - 4

           = 3x² + 30x + 75 - 7x - 35 - 4

f(x + 5) = 3x² + 23x + 36

4 0
3 years ago
Solve the following in-equations and graph the solution on the number line
OverLord2011 [107]

Answer:

Step-by-step explanation:

\frac{x-4}{3} ≥ - 2

x - 4 ≥ - 6

x ≥ - 2

<em>x ∈ [ - 2 , ∞ )</em>

2 - 6x < 32

- 6x < 30

x > - 5

<em>x ∈ ( - 5 , ∞ )</em>

6 0
2 years ago
Is (9, 90) a solution to the equation y = 10x?<br>yes​
Galina-37 [17]

Use the substitution method

(9,90) y= 10x

90= 10(9)

90= 90

Answer is yes

5 0
3 years ago
Read 2 more answers
SOMEONE HELP PLEASE NEED ANSWER ASAP!!!
shepuryov [24]

Answer:

3

Step-by-step explanation:

=12/4

the common ratio =3

3 0
3 years ago
Other questions:
  • A rectangle has sides that measure 12x + 7 units long and 9x+ 11 units long. What is the expression that represents the perimete
    5·1 answer
  • The multiplication of two or more quantities may be expressed as the ? of the same quantities.
    12·1 answer
  • Can someone please help me
    8·2 answers
  • What is the mean of the data set? {32, 33, 34, 34, 36, 38, 38, 38, 40, 42}
    15·2 answers
  • Which number below best represents a credit of $17.16?
    15·2 answers
  • 1) prove that the circumcenter of an equilateral triangle is the same as its centroid i) calculate the length of the side of an
    6·1 answer
  • Justify each step in solving the equation 4x=7(x-3) by writing a reason for each statement.
    9·2 answers
  • 18.5% of 365<br> To 2 decimal places
    9·1 answer
  • Hey i need help wit ths=is Let f(x)=3x2+5.
    9·1 answer
  • A store gave away 1932 calendars in seven days they gave away the same number of calories each day how many calendars in the sto
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!