What is the simple interest on $360 borrowed for 30 months at 12.3%?
2 answers:
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The answers to the bearing problems are listed below:
- How far North is the ship now ___________ 38.82 km
- How far East is the ship now ____________ 144.89 km
- How far is the ship from its starting point_____241.48 km
- On what bearing is it now from its original position____035°
Bearing can defined as branch of mathematics that describes the accurate location of an object at any point in time.
<h3>Analysis</h3>The answers to the problem from 1-3 can be gotten by using sin and cos to find the missing sides.
The final value can be gotten using the cosine rule
4). bearing from original position = (
+
﹣
) /
= 35°
In conclusion, the answers for each is given in the list above.
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Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
<h3>Compound interest</h3>Compound interest is given by:
where A is the amount after t years, P is initial amount, r is the rate and n is the times compounded per period
Given that n = 1, r = 9% = 0.09, A = $7500 t = 11. Hence:
Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
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