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Free_Kalibri [48]
3 years ago
9

Araine borrows $400 on a 4-year loan. She is charged 5% simple interest per year. How much interest is she charged for 4 years?

What is the total amount she has to pay back?
Mathematics
1 answer:
DiKsa [7]3 years ago
5 0

Answer:

Interest Charged = $80

Total payback = $480

Step-by-step explanation:

According to the scenario, computation of the given data are as follows,

Present Value (PV) = $400

Time period (n) = 4 years

Interest rate (r) = 5%

So, we can calculate the future value(FV), by using following formula,

FV = PV ( 1 + n × r)

By putting the value, we get

FV = $400 ( 1 + 4 × 0.05)

= $480

Hence total amount she has to pay back = $480.

Interest charged = FV - PV

= $480 - $400

=$80

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Step-by-step explanation:

4x-3 = 65

Add 3 on both sides

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Divide by 4 on both sides

x = 17

BOOM!

4 0
3 years ago
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Kisachek [45]
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For each outcome of the spinner, there can be 6 outcomes of rolling a dice. So for 4 outcomes of the spinner, there will be 6 x 4 = 24 outcomes in total.

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7 0
3 years ago
A and B are two events. Let P(A)=0.5 , P(B)=0.9 and P(A and B)=0.15 .
Nana76 [90]

Answer:

option-C

Step-by-step explanation:

we are given

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P(A and B)=0.15

we know that

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now, we can plug values

P(A|B)=\frac{0.15}{0.9}

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but we have

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5 0
3 years ago
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8 0
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mixer [17]

Answer:

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Step-by-step explanation:

From the given figure, we get the points R, T, and B are on the same line , that is on the edge of rectangular pyramid.

So these points are collinear .

Also all these points  on a same plane.

Therefore Points R, T, and B are  both collinear and coplanar .

Therefore option 3rd option is the correct answer.

4 0
3 years ago
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