I think that the question you are trying to ask is . . . A college student takes out a $7500 loan from a bank. What will the balance of the loan be after one year(assuming the student has not made any payments yet)
a. if bank charges 3.8% interest each year ?
b. if the bank charger 5.3% interest each year ?
Answer:
(a) $7785
(b) $7897.5
Step-by-step explanation:
Given:
Loan = $7500
We need to find the balance of the loan be after one year(assuming the student has not made any payments yet).
The formula for amount or loan is
A = P( 1 + r)^t .... (1)
where, P is principle, r is rate of interest and t is time in years.
(a) If bank charges 3.8% interest each year.
r = 3.8% = 0.038
Substitute P=7500, r=0.038 and t=1 in equation (1).
A = 7500 (1 + 0.038)^1
A = 7500 (1.038)
A = 7785
Therefore, the balance of the loan be after one year is $7785.
(b) If the bank charger 5.3% interest each year.
r = 5.3% = 0.053
Substitute P=7500, r=0.053 and t=1 in equation (1).
A = 7500 (1 + 0.053)^1
A = 7500 (1.053)
A = 7897.5
Therefore, the balance of the loan be after one year is $7897.5.
I believe the answer is post-traumatic stress disorder
Answer:
he options are not given but I would list the inequalities needed to solve this problem.
As a result of increase in people to attend meeting, the number of sushi needed to be ordered is 100 pieces. Sofia has already ordered 24 pieces. If R is the number of additional rolls that Sofia orders.
The number of additional rolls that Sofia orders (R) must be greater than or equal to the difference between the number of Sushi needed to be ordered and the number of Sushi that has already being ordered. It is given by the inequality:
R ≥ 100 - 24
R ≥ 76
If each roll contains 12 pieces, the number of rolls needed (n) is given by:
n ≥ R/12
n ≥ 76/12
n ≥ 6.33
n ≥ 7
If each roll cost $8, the money needed to buy the sushi is given as:
Cost ≥ 8(7) ≥ $56
Explanation:
It's that it?
