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
kap26 [50]
2 years ago
7

1. Melissa took out a loan of $50,000 with an interest rate of 2.3% for the start-up of the Math Cafe. How much will she owe the

bank if the loan term is for five years? Explain how you got your answer.
Mathematics
1 answer:
77julia77 [94]2 years ago
7 0

Answer:

<em>$55,750 a</em>

Step-by-step explanation:

Given Principal P = $50,000

Rate R = 2.3%

Time T = 5 years

Get the interest first

Simple interest = PRT/100

Simple interest = 50,000*2.3*5/100

Simple interest  = 500*2.3*5

Simple interest  = $5,750

Amount = Principal + Interest

Amount = $50,000 + $5,750

Amount = $55,750

<em>Hence she will owe the bank $55,750 after 5 years</em>

You might be interested in
Plz I need help on this question
Alina [70]

Answer:

11.33

Step-by-step explanation:

First find the markup

8.80 * 25%

8.8 *.25 = 2.20

The new price is 8.80+2.20 = 11

Now find the tax

11*.03

.33

Add the tax to the new price

11+.33

11.33

3 0
2 years ago
Read 2 more answers
Find the area of the sector, show work please!! 25 points
olasank [31]

OPTION A is the correct answer.

6 0
2 years ago
Can someone please help my with my work.
Aleksandr [31]

Answer:

X+0.375=y

Step-by-step explanation:

6 0
3 years ago
Hong rented a truck for one day. There was a base fee of $20.95, and there was an additional charge of 90 cents for each mile dr
Goryan [66]

Answer: Hong drove the truck for 294 miles.

Step-by-step explanation:

Let m represent the number of miles for which he drove the truck.

There was a base fee of $20.95, and there was an additional charge of 90 cents for each mile driven. It means that the expression for the cost of driving the truck for m miles in a day is

20.95 + 0.9m

Hong had to pay $285.55 when he returned the truck. It means that

20.95 + 0.9m = 285.55

0.9m = 285.55 - 20.95

0.9m = 264.6

m = 264.6/0.9

m = 294 miles

5 0
3 years ago
Can I get help with this? Thanks! :)
ycow [4]

Answer:

The answer is 17

Step-by-step explanation:

8^2+15^2=c^2

64+225=c^2

289=c^2

Square root both sides

c=17

8 0
3 years ago
Other questions:
  • 1.Which statement correctly describes the relationship between the graph of f(x)=4xf(x)=4x and the graph of g(x)=f(x)+3g(x)=f(x)
    7·2 answers
  • ILL GIVE U BRAINLIEST PLZZ HELP I DO FLVS
    14·1 answer
  • Simplify the following expression. one-fourth(24 – 16x)
    11·1 answer
  • What is the area of a parallelogram if is length is x+4 and height is x+3?
    5·1 answer
  • A study by Consumer Reports showed that 64% of supermarket shoppers believe supermarket brands to be as good as national name br
    10·1 answer
  • The surface area of the world is about 4/10 water. If a very small, non-dangerous meteoroid lands on the earth, what is the prob
    5·1 answer
  • A bicyclist is riding on a path modeled by the function f(x) = 0.03(10x − x2), where x and f(x) are measured in miles. Find the
    12·1 answer
  • Annie has a $50 gift card for a restaurant and arcade. Annie spent $23.75 on food and is ready to play games in the arcade each
    12·1 answer
  • No explanation needed.<br> BRAINLY GET RID OF BOTS
    9·1 answer
  • Which function is shown in the graph below
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!