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ludmilkaskok [199]
4 years ago
10

A demand loan for $8,944.61 with interest at 7.8% compounded semi-annually is repaid after two years, seven months. What is the

amount of interest paid?
Select one: a. $1,942.56 b. $1,946.87 c. $1,952.88 d. $1,954.94
Mathematics
Casey
2 years ago
thank you for showing me the correct formula. I finally got my homework question right!
1 answer:
disa [49]4 years ago
7 0

Answer:

the correct answer is option D which is $1,954.94

Step-by-step explanation:

loan amount =  $8,944.61

interest =  7.8% = 7.8 %/2 = 3.9 %

compounded semi annually =  2 × 12 + 7 = 31 months

                         time = 31/6 months

I =P(1+\dfrac{r}{100})^{\frac{31}{6}}-P\\ \\I =  8994.61(1+\dfrac{3.9}{100})^{\frac{31}{6}}-8994.61 \\I =1954.94

hence, the correct answer is option D which is $1,954.94

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Caleb bought stock in a company two years ago that was worth xx dollars. During the first year that he owned the stock, it incre
Hunter-Best [27]

Answer:

  1.2144xx

Step-by-step explanation:

The multiplier of value for the first year was (1 +38%) = 1.38.

The multiplier of value for the second year was (1 -12%) = 0.88.

Then the multiplier of value for the two years was ...

  1.38×0.88 = 1.2144

The value of the stock after 2 years was ...

  1.2144xx

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<em>Comment on the variable</em>

We have used the variable given in the problem statement (xx). If you intend something different, replace xx with the variable you intend.

5 0
3 years ago
Can someone help me with 55. Please!!!
atroni [7]
Area of a rectangle = length times width

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8 0
3 years ago
Lourdes is making a frame in the shape of a parallelogram. She adds diagonal braces to strengthen the frame. Parallelogram A B C
zimovet [89]

Answer:

60 cm

Step-by-step explanation:

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AE = EC

BE = ED

Ib DE = 3y + 6 cm, BE = 5y - 10 cm, then

3y+6=5y-10\\ \\3y-5y=-10-6\\ \\-2y=-16\\ \\2y=16\\ \\y=8\ cm

Now, EC = 2y + 4, so

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Since AE = EC, then AE = 20 cm

The brace that connects points B and D has the length

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8 0
3 years ago
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Solve: 2 x + 5y + 5 = 0 <br> 2y=3x+17. <br> Find x and y
Yanka [14]

Answer:

x = -5 and y = 1

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a) 2x + 5y +5 = 0

a) 2x + 5y = -5

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a) 2x + 5(3/2x + 17/2) = -5

a) 2x + 15/2x + 85/2) = -5

a) 19/2x = -5 - 85/2

a) 19/2x = -95/2

a) x = (-95/2) / (19/2)

x = -5

b) 2y = 3(-5) + 17

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7 0
3 years ago
The data below show the number of games won by a football team in each of the last 15 seasons. what is a histogram that represen
goblinko [34]
Hmmmm I think 12 :)
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3 years ago
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