Find the total amount of money (maturity value) that the borrower will pay back on a loan of $1 comma 760 at 13 and one half %
1 answer:
Answer:
The borrower will pay back $4,136.
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:
In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
After t years, the total amount of money is:
.
In this question:
Loan amount of 1760, so
Interest rate of 13 and one half, so 13.5%. This means that .
10 years, so
Interest on the Loan:
Total amount:
The borrower will pay back $4,136.
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Answer:
1) See figure attached
2)
a)
And if we replace we got:
b)
And if we replace we got:
Step-by-step explanation:
Part 1
We can see the plot in the figure attached.
Part 2
a)
For this case we have two points
And we want to find the distance travelled between these two points and we can use the following formula from the euclidian distance between two points:
And if we replace we got:
b)
Since it takes two seconds in order to go from (6.9) to (10,15) we can use the definition of velocity:
And if we replace we got:
