All categories

3 years ago

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]3 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.)

You might be interested in

The Ohio Department of Agriculture tested 203 fuel samples across the state in 1999 for accuracy of the reported octane level. F

OlgaM077 [116]

Answer:

The Sample size is 1918.89035

Step-by-step explanation:

Consider the provided information.

It is given that 14 out of 105 samples failed.

Therefore p = 14/105 = 0.13 3... and q=1-0.133=0.867

Samples would be needed to create a 99 percent confidence interval.

Subtract the confidence level from 1, then divide by two.

$\frac{(1 -0.99)}{2}=0.005$

By standard normal table z=2.5758≈2.58

Calculate the sample size as:

$n=\frac{z^2pq}{e^2}$

Where, e is the margin of error,

Substitute the respective values.

$n=\frac{(2.58)^2(0.133)(0.867)}{(0.02)^2}=1918.89$

Hence, the Sample size is 1918.89035

4 0

3 years ago

Please help get value of x. I believe it is 7 but idk.

den301095 [7]

The value of x would be 8

3 0

3 years ago

Read 2 more answers

Find the area of the composite figure to the nearest hundredth.

Lyrx [107]

Answer:

745.31

Step-by-step explanation:

1. 12.5^2 * 2 = 312.5

2. (3,14 * 156,25)/2 = 245.31

3. (30 * 12.5)/2 = 187.5

4. 187.5 + 245.31 + 312.5 = 745.31

4 0

3 years ago

Find te range, medían, and mode

sveticcg [70]

Range: The highest/biggest number subtracting the smallest number

Median: The middle number - put all the numbers in a numerical order (from smallest to the largest), and then find the number in the middle

Mode: The most common number

4 0

3 years ago

Read 2 more answers

quadrilateral kstu has vertices at (7,0) (4,-6) (0,-2) and (0,0). rotate 180 degrees around the origin

solong [7]

Step-by-step explanation:

so basically for this on u have to draw this on graph every first number of the coordinate is on x axis e.g . (7,0) 7 is on x axis and 0 is on Y axis. you can use tracing paper for this which will be more helpful as u can trace the shape and move it half way.

As u rotate it around the origin so u just turn it half way. eg I drawn it on the picture.

hope this make sense :)

5 0

3 years ago