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insens350 [35]
3 years ago
11

tony is taking a 5 year loan in the amount of $15,000. The interest is continuously compounded at an annual rate of 7%. How much

will he owe, in dollars, at the end of the loan term?
Mathematics
2 answers:
kobusy [5.1K]3 years ago
7 0

Answer:

$21,038.28

Step-by-step explanation:

Use the equation 15000(1.07)^5 since 1.07 equals to 7% and you are loaning more money to Tony's account for 5 years.  You should get $21,038.28 as your result.

Anna35 [415]3 years ago
7 0

Answer: 21286

Step-by-step explanation:

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Andrew [12]

Answer:

55 or 56

Step-by-step explanation:

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8 0
3 years ago
All possible ways to solve 35-17
topjm [15]

Answer: 18

Step-by-step explanation:

subtract 5 - 7; since that's not possible make the 3 into a 2 and add a 1 in front of the 5; now do 15-7 = 8. 2-1 =1 ----> 18

5 0
3 years ago
What is the exact circumference of the circle? Circle A with diameter 60 feet. 10π feet 20π feet 40π feet 60π feet
Gelneren [198K]
The circumference of a circle is 2•3.14(Pi)•R(radius) or 3.14(Pi)•D(diamater).
Since we have our diameter, 60, we need to multiply it by Pi.
60Pi is your answer.

I hope this helps!
4 0
3 years ago
Read 2 more answers
A survey of 2380 golfers showed that 366 of them are left-handed. Find a point estimate for p, the population proportion of golf
cluponka [151]

Answer:

The point estimate is 366/2380

Step-by-step explanation:

Here. we want to find a point estimate for the number of golfers that are left-handed

To get this, we simply divide the number of left-handed golfers by the number of golfers surveyed

Mathematically, this will be 366/2380

8 0
3 years ago
Peter needs to build a fence around his small garden. The length of the fence can be no more than 10 ft., and he has 50 ft. of f
dsp73

Answer:

A backyard farmer wants to enclose a rectangular space for a new garden. She has purchased 80 feet of wire fencing to enclose 3 sides, and will put the 4th side against the backyard fence. Find a formula for the area enclosed by the fence if the sides of fencing perpendicular to the existing fence have length

L.

In a scenario like this involving geometry, it is often helpful to draw a picture. It might also be helpful to introduce a temporary variable,

W, to represent the side of fencing parallel to the 4th side or backyard fence.

Since we know we only have 80 feet of fence available, we know that

L + W + L = 80, or more simply, 2L + W = 80. This allows us to represent the width, W, in terms of L: W = 80 – 2L

Now we are ready to write an equation for the area the fence encloses. We know the area of a rectangle is length multiplied by width, so

A = LW = L(80 – 2L)

A(L) = 80L – 2L2

This formula represents the area of the fence in terms of the variable length

L.

Step-by-step explanation:

it's in the answer

6 0
3 years ago
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