Pleaseeee answer quickly i need it

What will always exist in any economic system?

Kazeer [188]

A. luxury items. plz mark mine as brainleist

4 0

3 years ago

A loan of $100,000 is made today. The borrower will make equal repayments of $3568 per month with the first payment being exactl

Makovka662 [10]

Answer:

The yearly interest rate is 5.20%.

Step-by-step explanation:

This is a compound interest problem

The compound interest formula is given by:

$A = P(1 + \frac{r}{n})^{nt}$

In which A is the amount of money, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per unit t and t is the time the money is invested or borrowed for.

In this problem, we have that:

The loan outstanding is the value of the loan that has not been repaid.

Here, it is $$25,044.84$ .

To find the interest rate, we first have to find how much money the borrower will have to pay, that will be the value of A in the compound interest formula.

The total he will have to play is $$25,044.84$ plus the $3,568 he has already paid in each of the previous 2 years = 24 months. So:

$A = 25,044.84 + 24*3,568 = 110,676.84$ .

P is the value of loan, so $P = 100,000$

r is the interest rate, the value we have to find.

We have to find the annual interest rate, so $n = 1$ .

We found the total amount in 2 years, so $t = 2$ .

Solving

$A = P(1 + \frac{r}{n})^{nt}$

$110,676.84 = 100,000(1 + r)^{2}$

$(1 + r)^{2} = 1.1067684$

To find r, i will take the square root of both sides of the equation. So

$\sqrt{(1 + r)^{2}} = \sqrt{1.1067684}$

$1 + r = 1.0520$

$r = 0.0520$

The yearly interest rate is 5.20%.

7 0

3 years ago

The length of a shadow of a building is 26 m. The distance from the top of the building to the tip of the shadow is 36 m, Find t

Korvikt [17]

Applying the Pythagorean theorem, the height of the building is: 24.9 m.

<h3>How to Apply the Pythagorean Theorem?</h3>

Where c is the length of the hypothenuse of a right triangle, and a and b are the legs of the right triangle, the Pythagorean theorem states that:

c = √(a² + b²).

The diagram of the building and its shadow form a right triangle as shown in the image below, where:

a = height of the building

b = 26

c = 36

Applying the Pythagorean theorem, we will have:

a = √(36² - 26²)

a = 24.9 m

Learn more about the Pythagorean theorem on:

brainly.com/question/343682

#SPJ1

7 0

2 years ago

please help. i’ve been stuck on this question the past 10 minutes i’ve tried multiple times and still don’t get it. i need help

Softa [21]

Answer:

To solve the equation, you have to to isolate the variable. So, first you subtract both sides by 7.

x +7 - 7 = -2 - 7

When you simplify further,

x = -9.

Hope this helps! :)

3 0

2 years ago

there are 32 students in a class and 20 of them own at least one pet what fraction of the class own pets

xxMikexx [17]

HOPE IT HELPS

PLEASE MARK BRAINLIEST

6 0

3 years ago