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xenn [34]
2 years ago
9

Show how you got the answer.. It is NOT B... THIS IS URGENT ANSWER FAST PLZ

Mathematics
1 answer:
Alborosie2 years ago
4 0

Answer:

it doesn't make any sense the answer is supposed to be b

Step-by-step explanation:

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Joe is considering taking out along with the principal of $15,500 From one of two banks. Bank A charges and interest rate of 6%,
ki77a [65]

Answer:

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 = total cost of the loan 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 taken as loan.

Considering bank A's offer

From the information given,

P = $15500

r = 6% = 6/100 = 0.06

n = 12 because it was compounded 12 times in a year.

t = 8 years

Therefore,

A = 15500(1 + 0.06/12)^12 × 8

A = 15500(1 + 0.005)^96

A = 15500(1.005)^96

A = $25019.2

The interest paid is

25019.2 - 15500 = $9519.2

Considering bank B's offer

From the information given,

P = $15500

r = 6.5% = 6.5/100 = 0.065

n = 12 because it was compounded 12 times in a year.

t = 7 years

Therefore,

A = 15500(1 + 0.065/12)^12 × 7

A = 15500(1 + 0.0054)^84

A = 15500(1.0054)^84

A = $24366

The interest paid is

24366 - 15500 = $8866

The interest that would by paid on bank B's offer is lower than that of bank A and the duration of the loan offer from bank B is shorter than that of bank A.

Therefore,

Bank A gives you more time to pay up the loan and you end up paying more interest

Bank gives you lesser time to pay up the loan and you end up paying lesser interest.

3 0
3 years ago
8th grade geometry-- will give 15 pts+ brainliest!!!!!!!!!!!! For this question i put reflection over the y axis, reflection ove
Alla [95]

Answer:

you also have to translate 3 units to the right

Step-by-step explanation:

when you finished your reflections the coordinate of the point is (1, -1) while it should be (4, -4), that means you not only need to move it by 3 down but also to the right.

4 0
2 years ago
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Write an equation in slope-intercept form for a line with m = 3 and includes the<br> point (0, 2).
maxonik [38]

Answer:

y=3x+2

Step-by-step explanation:

dont put  0 because it dont make sense

if you put 0 n the equation, you will not will get the right equation

7 0
3 years ago
Akiko's bill at the restaurant was $14.05. She left a tip of 18% what is the tip amount (no rounding)
kozerog [31]

Answer:

$2.52

Step-by-step explanation:

8 0
2 years ago
On a coordinate plane, 5 squares are shown. Square L M N P has points (negative 3, 1), (negative 1, 1), (negative 1, negative 1)
hodyreva [135]

Answer:

the answer is 4

Step-by-step explanation:

6 0
3 years ago
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