Shen borrowed $8000 at a rate of 12%, compounded semiannually. Assuming he makes no payments, how much will he owe after 7 years
1 answer:
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1. Percent error is 
The guess is 15.5mi, and the actual distance is 14.5 mi.
Percent error is
2. The cost will be $31.95*(1+0.075) = $34.35
The 1 represents 100% of the original amount of $31.95, and now we add 7.5% (0.075) to the 100%. In other words we multiply $31.95 by 107.5%.
3. His commission will be $165 out of $4125, or $165/$4215 = 0.039 = 3.9%
4. The principal (amount of money you start with) is $12000, and the interest rate is 15% of that.
15% of $1800 = 0.15*$12000 = $1800
The guess is 15.5mi, and the actual distance is 14.5 mi.
Percent error is
2. The cost will be $31.95*(1+0.075) = $34.35
The 1 represents 100% of the original amount of $31.95, and now we add 7.5% (0.075) to the 100%. In other words we multiply $31.95 by 107.5%.
3. His commission will be $165 out of $4125, or $165/$4215 = 0.039 = 3.9%
4. The principal (amount of money you start with) is $12000, and the interest rate is 15% of that.
15% of $1800 = 0.15*$12000 = $1800
Answer:
263,606.9
Step-by-step explanation:
In 2004 the population in Morganton, Georgia, was 43,000.
(0, 43000)
The population in Morganton doubled by 2010
In 6 years the population is doubled (86000)
(6,86000)
Use (0,43000) in the above equation
Now plug in (6,86000)
Now find out A when t=16 (2020)