Answer:
$149.66
Step-by-step explanation:
Step 1
Calculate Total Amount payable to the bank using compound interest
Total Amount payable (A) =
P(1 + r/n)^nt
P = Principal = $2000
r = Interest rate = 9% = 0.09
n = compounding interest = quarterly = 4
t = time in years = 2
Total Amount payable
= 2000(1 + 0.09/4)^0.09 × 2
A = $ 2,389.66
Interest = A - Principal
= $ 2,389.66 - $ 2,000.00
I (interest) = $ 389.66
Step 2
Calculate the Total amount payable to his uncle using simple interest.
Total Amount (A) = P(1 + rt)
P = Principal = $2000
r = Interest rate = 6% = 0.06
t = time in years = 2
A = 2000(1 + 0.06 × 2)
A = $2,240
A - Principal
= $ 2,240 - $ 2,000.
I (interest) = $240
Step 3
The amount of money you will save by borrowing the money from your uncle is calculated as:
Amount payable to the bank - Amount payable to your uncle
= $ 2,389.66 - $2,240
= $149.66
Therefore, the amount of money you will save by borrowing the money from your uncle is $149.66
Answer:
Hope this helps I'm not sure if its correct though, it must be correct anyway. So yea.
The answer is A. it is 4 multiplied 3 times
Answer:
a. I'm not sure if there's more to the question but I can't answer without knowing how many is the whole class
B. 12 boys
The formula for a diagonal of a rectangle is <span>√w^2+h^2, with w and h being the width and height. Plug in your numbers to get </span><span>√7^2+5.5^2. Simplify that into </span><span>√49+30.25, then to </span><span>√79.25. Use your calculator to get 8.9022. The diagonal is 8.9 feet.</span>
