Answer:
$554.58
Step-by-step explanation:
The interest on the loan can be computed by first determining the future value of the loan in three years as follows:
FV=PV*(1+r)^n
PV is the amount of the loan which is $2,000
r is the interest rate which is 8.5%
n is the number of years which is 3 years
FV=$2000*(1+8.5%)^3=$ 2,554.58
Since the value of the loan in three years is $ 2,554.58 ,the interest on the loan is the difference between the future value and the present value
interest=$ 2,554.58-$2,000.00=$554.58
What is the system? (Is there supposed to be an image?)
<span>Two cars start moving from the same point. one travels south at 48 mi/h and the other travels west at 20 mi/h. at what rate is the distance between the cars increasing four hours later? so its 400%</span>
The answer is 6 so it’s the first answer choice
U need to use the distributive property ok? The u have to add or subtract the number on both sides bring it down and the you have to divide