Answer:
The total interest to pay back on the loan is $122.40
Step-by-step explanation:
Here. we want to get the amount of interest on the loan
We are going to use the compound interest formula here
A = P(1 + r/n)^nt
where A is the amount to be paid back
P is the amount borrowed called the principal which is $1,500
r is the interest rate which is 4% annually
This is same as 4/100 = 0.04
n is the number of times the interest will be compounded per year ; annually means yearly and so for this case, n = 1
t is the number of years = 2
So we have;
A = 1500(1 + 0.04/1)^(2)(1)
A = 1500(1.04)^(2)
A =$ 1,622.40
So the amount of interest is the difference between the amount borrowed and the value to pay back
That will be;
$1,622.40 - $1,500
= $122.40
Find the difference:
1400 - 1250 = 150
Divide the difference by the starting value:
150 / 1250 = 0.12
Multiply by 100:
0.12 x 100 = 12% increase.
Answer:
We need dimensions to answer this.
Answer:
The building is 187.5 feet tall.
Step-by-step explanation:
A nearby person is 6 feet tall, and casts a shadow that is 8 feet long.
This means that the relation between the real height and the shadow is given by:
A tall building casts a shadow that is 250 feet long. How tall is the building?*
The real height is three fourths of the shadow. So
The building is 187.5 feet tall.
