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murzikaleks [220]
3 years ago
7

What is the calculation for determining simple interest and compound interest? Borrowing if borrowed $20,000 for 5 years at a 4%

interest rate? What is total interest paid?
Mathematics
1 answer:
yarga [219]3 years ago
6 0

Answer:

If using simple interest, the formula is:

= Amount * ( 1 + rate * time)

= 20,000 * ( 1 + 4% * 5)

= $24,000

Interest = Balance after 5 years - Investment

= 24,000 - 20,000

= $4,000

Using Compound Interest:

= Amount * ( 1 + rate)^time

= 20,000 * ( 1 + 4%)⁵

= $24,333.06

Interest = 24,333.06 - 20,000

= $4,333.06

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Graph the function f(x) = -3/5x+8.
emmasim [6.3K]

Answer:

The y-intercept is at (0,8), so you can graph that point. Then the slope is -3/5. So the change in y coordinate divide the change in x coordinate is always -3/5. Thus 8-y/0-x=-3/5. You can choose any value for y and x as long as 8-y=-3. And 0-x=5. The point on the graph will just be (x,y) for the values you find.

6 0
2 years ago
Find the area of the polygon. A = __ft squared
Nataliya [291]

Answer:

28.5^2

Step-by-step explanation:

The formula is, b(base)+c(height)= b+c over 2.  b+c/2.

B=19ft in this problem.

C=38ft

Knowing this, we can further simplify.

19+38/2

Now, we add 19 and 38.

(57)

57/2= 28.5

So, the anwser is 28.5^2

8 0
2 years ago
If angle 8 measures 115, what is the sum of the measures of angle 1 and angle 4?
bogdanovich [222]

Answer:

need a pictuer

Step-by-step explanation:

7 0
3 years ago
A scout troop planned to take a bus for an overnight trip to a campground in a nearby state. The bus will cost $360 to rent. The
joja [24]
Let x represent the number originally signed up.
.. 360/x -6 = 360/(x +3)
.. 360*(x +3) -6x(x +3) = 360x . . . . . multiply by the product of denominators
.. 360x +1080 -6x^2 -18x = 360x
.. x^2 +3x -180 = 0
.. (x +15)(x -12) = 0
Solutions are x = {-15, 12}

12 members went on the trip.
_____
The problem wording does not make clear whether the original number (12) or the number suggested by the bus company (15) went on the trip. It would be most reasonable for 15 to go, if the troop had people who were willing.
8 0
3 years ago
Which number has the highest value -11 or 7
lana66690 [7]

Answer:

7

Step-by-step explanation:

-11 is negative and 7 is positive. Positive numbers have greater values than negative numbers.

7 0
3 years ago
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