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DENIUS [597]
2 years ago
8

Raul uses a credit card to take out a 3-year loan of $4500 at a rate of 15% to purchase

Mathematics
1 answer:
mars1129 [50]2 years ago
7 0

Answer:

Amount of loan pay = $6.840 (Approx.)

Step-by-step explanation:

Given:

Amount of loan borrow = $4,500

Rate of interest = 15% = 0.15

Number of year = 3 year

Find:

Amount of loan pay

Computation:

Future value = Present value[1+r]ⁿ

Amount of loan pay = Amount of loan borrow[1+r]ⁿ

Amount of loan pay = 4,500[1+0.15]³

Amount of loan pay = 4,500[1.15]³

Amount of loan pay = 4,500[1.52]

Amount of loan pay = $6.840 (Approx.)

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Five years ago, you invested $475 in corporate stock. You received dividends of $10 at the end of each quarter for two years. Yo
RUDIKE [14]

The rate of return earned on the investment of $475 five years ago in the corporate stock is 312.63%.

<h3>What is the rate of return?</h3>

The rate of return is the net gain or loss of an investment expressed as a percentage of the investment's initial cost.

It is given by the formula,  R= {Vf - Vi}/{Vi} x 100.

Where:

R = Rate of return

Vf = final value, including dividends and interest

Vi = initial value

<h3>Data and Calculations:</h3>

Investment cost = $475

Dividends received:

1st two years = $80 ($10 x 8)

Three years = $180 ($15 x 12)

Total dividends received = $260 ($80 + $180)

Total revenue from sale = $1,700

Total proceeds = $1,960 ($1,700 + $260)

Total return = $1,485 ($1,960 - $475)

Rate of return = 312.63%  ($1,485/$475 x 100)

Thus, the rate of return is 312.63%.

Learn more about calculating the rate of return at brainly.com/question/14220025

#SPJ1

8 0
1 year ago
sets of linear systems wherein there is one Consistent &amp; Dependent, Consistent &amp; Independent, and one Inconsistent.
Mamont248 [21]

Answer:

What is the difference between entering a formula and entering data ??

3 0
2 years ago
Steve is making breakfast. The recipes call for 7/8 cup of milk for grits and 3/4 cups .for biscuits he only has 2 cups of milk.
Zanzabum
Answer: He does have enough.
Explanation: Simplifying 7/8 cups to fourths you get 1 3/4 cups of milk. If he has 2 cups of milk he still would have 1/4 cup left over of milk.
4 0
3 years ago
Pls help dis is due tomorrow n I have a science project also due so pls help me
pantera1 [17]
List A
4+4y=8y
4 (y-1)= 4
4y+1=5y

List B
4y-4=y
4 (y+1)=5y
1+4y=5y
5 0
3 years ago
What is the solution to the system of equation <br><br> -2x+6y=-38<br> 3x-4y=32
Alla [95]

Answer:

x= 4

y= -5

Step-by-step explanation:

-2x+6y=-38    equation 1

3x-4y=32     equation 2

using equation 1 we have:

-2x+6y=-38  

6y +38 = 2x

3y + 19 = x   equation 3

using equation 3 in equation 2 we have:

3(3y + 19) - 4y = 32

9y + 57 -4y =32

5y = 32 -57

5y = -25

y= -25/5

y = -5

so we have:

3y + 19 = x  

3(-5) +19 = x

x= 4

5 0
3 years ago
Read 2 more answers
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