Answer:
$149.66
Step-by-step explanation:
Step 1
Calculate Total Amount payable to the bank using compound interest
Total Amount payable (A) =
P(1 + r/n)^nt
P = Principal = $2000
r = Interest rate = 9% = 0.09
n = compounding interest = quarterly = 4
t = time in years = 2
Total Amount payable
= 2000(1 + 0.09/4)^0.09 × 2
A = $ 2,389.66
Interest = A - Principal
= $ 2,389.66 - $ 2,000.00
I (interest) = $ 389.66
Step 2
Calculate the Total amount payable to his uncle using simple interest.
Total Amount (A) = P(1 + rt)
P = Principal = $2000
r = Interest rate = 6% = 0.06
t = time in years = 2
A = 2000(1 + 0.06 × 2)
A = $2,240
A - Principal
= $ 2,240 - $ 2,000.
I (interest) = $240
Step 3
The amount of money you will save by borrowing the money from your uncle is calculated as:
Amount payable to the bank - Amount payable to your uncle
= $ 2,389.66 - $2,240
= $149.66
Therefore, the amount of money you will save by borrowing the money from your uncle is $149.66
Answer:The equation of a circle of radius r and centre the origin is x2 + y2 = r2
Step-by-step explanation:
Answer:
Zero
Step-by-step explanation:
So we start out on a positive 7. We then add a negative (You just subtract) 7. Modified equation: 7-7
7 minus 7 equals 0 or {7 - 7 = 0}
Hope this helps!!
<span>C.Line k bisects PQ
</span>
<span>E.Line k intersects PQ at a 90 angle</span>
Answer:
6
Step-by-step explanation:
subtract 5 from 107 is 102
102 divided by 17 is 6
