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:
The answer should be: B
I think it's B because there are 2 cups of water (2c) and 7 bottles of water (7w) which costs $16 so that would be 2c +7w=16. Also for the other one, it's 3 cups (3c) and 8 bottles of water (8W) and the cost is $19 so that would be
3c + 8w =19
Step-by-step explanation: Hope this helps and gl :))
Answer:
$2,487.00
Step-by-step explanation:
27x53= 1431
33x32= 1056
1056 + 1431= 2487
The explicit formula for calculating the sum is
The sum of the nth term of a sequence is expressed as;
a is the first term
d is the common difference
n is the number of terms
For the sequence 0 + 1 + 2 + 3 +...
Similarly for the sequence:
1 + 2+ 3 + 4+...
Taking the product of the sum to get the explicit formula for calculating the sum
Learn more here: brainly.com/question/24547297
Answer:
The answer is 8
Step-by-step explanation:
-5/2 x 8= 20 and if you add 5 it is 25.
