1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lana66690 [7]
3 years ago
15

Shani borrowed $5000 at an annual interest rate of 4% compounded yearly. William borrowed the same amount of money at an annual

interest rate of 6% compounded yearly. How much more interest will William pay than Shani at the end of 3 years?
Mathematics
1 answer:
Natalka [10]3 years ago
6 0

Answer: William will pay $ 330.76 more interest than Shani at the end of 3 years.

Step-by-step explanation:

Compound interest = P((1+r)^t-1)<em> , </em>P= principal , r= rate of interest , t= time

Given: P = $5000 , t= 3 years

For Shani , r= 4% = 0.04

Compound interest = 5000((1+0.04)^3-1)

=5000(1.124864-1)\\\\=5000(0.124864)\\\\=\$\ 624.32

For William, r= 6%= 0.06

Compound interest = 5000((1+0.06)^3-1)

=5000(1.191016-1)\\\\=5000(0.191016)\\\\=\$\ 955.08

Difference = $ ( 955.08- 624.32)

= $ 330.76

Hence, William will pay $ 330.76 more interest than Shani at the end of 3 years.

You might be interested in
PLEASE HELP MEEEEE
ElenaW [278]

Answer:

  t ≥ -12

Step-by-step explanation:

Divide the inequality by the coefficient of t. Because that value is negative, the sign gets reversed.

  (-4t)/(-4) ≥ (48)/(-4)

  t ≥ -12

5 0
3 years ago
How do I solve 372 = -3x - 6(8x + 6)? I already know that x = -8, but I need to know the process of how to get it.
ziro4ka [17]

The value of x is -8

Step-by-step explanation:

The steps of solving an equation of one variable

  1. Simplify the two sides of the equation
  2. Separate the variable in one side and the numerical term in the other side
  3. Divide the both sides by the coefficient of the variable

∵ 372 = -3x - 6(8x + 6)

- Simplify the R.H.S. of the equation by multiplying the bracket by 6

∵ 372 = -3x - [6(8x) + 6(6)]

- You must put the square bracket because the sign in-front of 6

  is (-) and the (-) changes the signs after it

∴ 372 = -3x - [48x + 36]

- Remember (-)(+) = (-), multiply the square bracket by (-)

∴ 372 = -3x - 48x - 36

- Add the like terms in the R.H.S.

∴ 372 = -51x - 36

- Add 36 to both sides to separate x in the R.H.S.

∴ 408 = -51x

- Divide both sides by -51 (coefficient of x)

∴ -8 = x

I hope these steps help you

The value of x is -8

Learn more:

You can learn more about the equations in brainly.com/question/11306893

#LearnwithBrainly

3 0
3 years ago
Con las cuatro cartas que se muestran en la figura se pueden formar diferentes números. Por ejemplo: 8232 o 3822. ¿Cuántos númer
densk [106]

Answer:

Se pueden formar 9 números pares.

Step-by-step explanation:

Dado que con cuatro cartas se pueden formar diferentes números, como por ejemplo 8232 o 3822, para determinar cuántos números pares de cuatro dígitos y diferentes puedes formar con estas cuatro cartas se debe realizar la siguiente tabla:

8232 - 8322 - 8223 = 2 pares 1 impar

2832 - 2823 - 2382 - 2328 - 2283 - 2238 = 4 pares 2 impares

3822 - 3282 - 3228 = 3 pares

Por lo tanto, se pueden formar 9 números pares.

5 0
2 years ago
Evaluate the expression x + (-5) +5 when x=-3<br> 4x12
Anastasy [175]

Answer:

2045

Step-by-step explanation:

-34×12(-5)+5

-405(-5)+5

2040+5

2045 is the answer

5 0
3 years ago
5.Gabby is fishing from a small boat. Her fishing hook is 36 feet below her, and a fish is swimming at the same depth as the hoo
Darina [25.2K]

Answer:

113 feet away

Step-by-step explanation:

This one is just simple maths! 36 + 77.

Hava a great day!

5 0
2 years ago
Other questions:
  • Describe the transformation given? Please
    8·1 answer
  • What percent of 137.4 is 96
    5·1 answer
  • Barry needs to find the area of a rectangular room with a length that is 2 feet longer than the width. Write an expression for t
    5·1 answer
  • The length of a new rectangular playing field is 4 yards longer than quadruple the width. If the perimeter of the rectangular pl
    6·1 answer
  • Rebecca already knew 1 appetizer recipe before starting culinary school, and she will learn 3
    13·1 answer
  • Pls help, i need this in 5 mins!
    11·1 answer
  • The_timing add me on snap i barely have friends I will take as long as you to reply
    6·2 answers
  • Can someone please help me for the trigonometry and pythagorean theorem please?
    10·2 answers
  • Please please please help me out
    6·2 answers
  • Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year on December 31, 2021, t
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!