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
zaharov [31]
3 years ago
12

You get a student loan from the New Mexico Educational Assistance Foundation to pay for your educational expenses this year. Fin

d the interest on the loan if you borrowed $2,000 at 8.5% for 3 year.
Mathematics
1 answer:
KIM [24]3 years ago
3 0

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

You might be interested in
Three subtracted from twice a number equals 31 more than three times the number. find the number
Ksivusya [100]

Answer:

34

Step-by-step explanation:

Let the no. be x,

2x-3=3x+31

3x-2x= -3-31

x= -34

5 0
3 years ago
Solve the expression 8 x 5 − 12 x one third + 5 using PEMDAS
skelet666 [1.2K]

Answer:41

Step-by-step explanation: Multiplication and division goes first so 8x5=40 12x1/3=4 so 40-4+5 and you do addition and subtraction left to right 40-4=36+5=41

8 0
3 years ago
1. Evan drove 308 km in the same time that Meghan drove 329 km. If Meghan drove
emmainna [20.7K]

Answer:

Her average speed is 94 km/h

Time taken is 3.5 hours

Step-by-step explanation:

Let Evan’s average speed be x km/h.

now since Meghan drove faster, according to the question, we can say her average speed would be x + 6 km/h

Mathematically, time = distance/speed

so; since time is the same; we have

308/x = 329/(x + 6)

cross multiply

329(x) = 308(x + 6)

329x = 308x + 1848

329x-308x = 1848

21x = 1848

x = 1848/21

x = 88 km/h

Meghan average speed = x + 6 = 88 + 6 = 94 km/h

Time taken would be 329/94 = 3.5 hours

8 0
3 years ago
Denise went bowling with her friends at AMF. She paid $3 to rent shoes and then $4.75 for each game of bowling. If she spent a t
Nina [5.8K]

Answer: 4 games

Step-by-step explanation:

Whether Denise bowls or not, he incurs rent for bowling shoes and per bowling he has to pay $4.75 while he rented shoes for $3.

Then the equation is:

y = 3 + 4.75x

Where

y is the total cost

x is Number of bowling

y = 3 + 4.75x

3 + 4.75x = 22

4.75x = 22 - 3

4.75x = 19

x = 19/4.75

x = 4

Denise bowled 4 games.

3 0
3 years ago
Which decimals are less than –2.08?
AVprozaik [17]
Would it be C? im not too sure but thats my guess =) 
4 0
3 years ago
Other questions:
  • What is the axis of symmetry of the function f(x)=-(x+9)(x-21)
    15·1 answer
  • What is the value of x in the equation? 5 5/6 x + 2 2/3 = 12
    11·1 answer
  • Eric says he knows 9/10 is 1/10 less than 10/10 or 1 mile so he is going to subtract 1 mile then I had 1/10 back can he use this
    8·2 answers
  • Why might a researcher use a sample rather than an entire population for their study?
    8·1 answer
  • What is the square root of 56
    8·1 answer
  • Tim has to cover 3 tanks completley with paint. ​
    13·1 answer
  • Can i get some help please -2v(1-7v)+v-10
    5·1 answer
  • URGENTT!!!! help quick please
    14·1 answer
  • Please help with number 6 and 7. Real answers please!! Help me soon as posible.
    12·2 answers
  • PLS HELP IM TIMED!! ILL MARK U BRAINLIEST
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!