I think that the question you are trying to ask is . . . A college student takes out a $7500 loan from a bank. What will the balance of the loan be after one year(assuming the student has not made any payments yet)
a. if bank charges 3.8% interest each year ?
b. if the bank charger 5.3% interest each year ?
Answer:
(a) $7785
(b) $7897.5
Step-by-step explanation:
Given:
Loan = $7500
We need to find the balance of the loan be after one year(assuming the student has not made any payments yet).
The formula for amount or loan is
A = P( 1 + r)^t .... (1)
where, P is principle, r is rate of interest and t is time in years.
(a) If bank charges 3.8% interest each year.
r = 3.8% = 0.038
Substitute P=7500, r=0.038 and t=1 in equation (1).
A = 7500 (1 + 0.038)^1
A = 7500 (1.038)
A = 7785
Therefore, the balance of the loan be after one year is $7785.
(b) If the bank charger 5.3% interest each year.
r = 5.3% = 0.053
Substitute P=7500, r=0.053 and t=1 in equation (1).
A = 7500 (1 + 0.053)^1
A = 7500 (1.053)
A = 7897.5
Therefore, the balance of the loan be after one year is $7897.5.
An introduction that states the thesis
A body that has one argument per paragraph and points of evidence.
And a conclusion that restates the thesis.
La gran depresion empezo de la revuelta en 1929
Los americanos fueron los primeros en poner un hombre en la luna
El muro de berlin era un simbolo de la guerra fria
Hello. This question is about "Inside Out & Back Again"
Answer:
Ha wishes that her father can go to school with her and wants to make her mother happy.
Explanation:
In stanza 8 we learn that Ha has a strong desire for his father to return home well and safe. Throughout history, we realize the reasons that created this desire in her. First of all, she knows that if her father returns home safe and healthy, her mother will be happy and she really wants this to happen because her mother is always very worried. In addition, she wants to show off her father to schoolmates and show how admirable he is, if he comes home, he can go to school with her.
