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kumpel [21]
3 years ago
6

What is the total amount that First Consumer Bank will receive after lending Jane $7,000 for three years at an interest rate of

5 percent, compounded annually?
Mathematics
1 answer:
nlexa [21]3 years ago
7 0
<span>In 3 years, you will have $8,103.38

Formula:
</span>

<span>A = P (1 + r/n)<span> ^(nt)</span></span>

Where:

A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for

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Determine if y varies directly with x. Give the constant of variation, when appropriate. (picture below)
maxonik [38]

Based on the given variation, y does not vary directly with x and the constant of variation are 8, 3.2 and 1.25 respectively.

<h3>Variation</h3>

y = k × x

where,

k = constant of proportionality

y = -40

x = -5

y = k × x

-40 = k × -5

-40 = -5k

k = -40/-5

k = 8

when,

y = 8 and x = 2.5

y = k × x

8 = k × 2.5

8 = 2.5k

k = 8/2.5

k = 3.2

when,

y = 5 and x = 4

y = k × x

5 = k × 4

5 = 4k

k = 5/4

k = 1.25

Learn more about variation:

brainly.com/question/6499629

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2 years ago
Simplify the fractions below
garri49 [273]
3/4 + 2/3 = 17/12

7/8 - 2/3 = 5/24

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4/7 x 2/3 = 8/21
6 0
3 years ago
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Am i correct i chose c but i might think is wrong (valid answer only!!)
hoa [83]

Answer:

You are absolutely correct!

Step-by-step explanation:

The correct answer is C!

Hope this helps you realize!

8 0
2 years ago
Need help with this, 10 points
Taya2010 [7]

Answer:

A

Step-by-step explanation:

I did it in a on a piece of paper

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Seven years ago, Raymond purchased a $197,000 home with a 30-year mortgage at 4.15%. Having recently lost his job, he can no lon
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Answer: does anybody know?

Step-by-step explanation:

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