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:
10.5
Step-by-step explanation:
Answer:
a) Arithmetic
b) 22.5
c) 4.5
d) a_n = 4.5 + 4.5(n - 1)
e) a_15 = 67.5
Step-by-step explanation:
a) Subtract one term by the term right before it, and the difference will be the common difference.
9 - 4.5 = 4.5
13.5 - 9 = 4.5
18 - 13.5 = 4.5
Therefore, the common difference is 4.5.
b) Since the common difference is 4.5, add 4.5 to the 18 (which was the last value given). The result is 22.5.
c) We have already figured out that the common difference is 4.5.
d) The explicit formula would be a_n = a1 + d(n - 1). The first term is 4.5 and d is also 4.5, so the explicit formula is a_n = 4.5 + 4.5(n-1).
e) Plug 15 into our explicit formula for n. a_15 = 4.5 + 4.5(14). The result is 67.5.
Answer:
x = -4.8
Step-by-step explanation:
combine like terms
3x + 2x + 6 = -18
5x + 6 = -18
isolate the terms with the x variable
5x + 6 - 6 = -18 - 6
5x = -24
isolate x
5x/5 = -24/5
x = -4.8
Answer:
rise over run
Step-by-step explanation:
you look at the distance between the 2 points by looking at how many points its goes up or down, and you look at how points it goes from the left to the right or vice versa. but if you don't have a graph to look at, you will want to use the slope formula. look up the slope formula and plug it in.
