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klemol [59]
3 years ago
14

The table and scatter plot show the total weight for

Mathematics
2 answers:
ikadub [295]3 years ago
8 0
I’m pretty sure the answer is b sorry if I’m wrong tho luv <3
makkiz [27]3 years ago
4 0
The answer is b.

pls rate brainliest
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Suzanne is looking at taking out a personal loan. Opportunity Loans is offering her $1600 at 3.45% for 1 year, with interest com
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Step-by-step explanation:

So the general formula for compound interest is A = P(1+\frac{r}{n})^{nt} where r is the interest rate, t is the time in years, and n is the amount of compounds per year. So plugging in the values for both equations you'll get

Opportunity Loans:

 A = 1600(1+\frac{0.0345}{12})^{(12)(1)}

 A = 1600(1.002875)^{12}

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  Now to find the interest accrued on this loan you simply subtract 1600 from the A or final amount

 Interest=1656.08-1600\\Interest=56.08

General Loans:

 A = 1600(1+\frac{0.042}{4})^{(4)(1)}

 A = 1600(1.0105)^4

 A \approx 1600(1.042)

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 To find the interest we do the same thing we did in the previous problem

 interest = 1668.27-1600\\interest=68.27

Opportunity loans has the least amount of interest after a year

 

 

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