Answer:
$554.58
Step-by-step explanation:
The interest on the loan can be computed by first determining the future value of the loan in three years as follows:
FV=PV*(1+r)^n
PV is the amount of the loan which is $2,000
r is the interest rate which is 8.5%
n is the number of years which is 3 years
FV=$2000*(1+8.5%)^3=$ 2,554.58
Since the value of the loan in three years is $ 2,554.58 ,the interest on the loan is the difference between the future value and the present value
interest=$ 2,554.58-$2,000.00=$554.58
Answer:
$6.30
Step-by-step explanation:
Your parents took your family out to dinner. the parents wanted to give the waiter a 15% tip. if the total amount of the dinner was $42,00 what should be paid to the waiter as a tip?
Answer:
3
Step-by-step explanation:
<h3>Isolate y on both equations then equate </h3>
- x²-3x+2y=-4
- 2y=-x²+3x-4
- y=-x²/2+3/2x-2
Now you can equate it with second one to get x
Answer:
100 seconds
Step-by-step explanation:
12 arrows in 20 seconds
60 is 5 times of 12
multiply 20 by 5
