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Mrrafil [7]
3 years ago
5

A bank loans a customer $100,000 for a period of 2 years. The simple interest rate of the loan is 5.7%. What is the total amount

that the customer will need to pay the bank over the 2 years?
Mathematics
1 answer:
fomenos3 years ago
5 0

Answer:

$111400

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 5.7%/100 = 0.057 per year,

then, solving our equation

I = 100000 × 0.057 × 2 = 11400

I = $ 11,400.00

The simple interest accumulated

on a principal of $ 100,000.00

at a rate of 5.7% per year

for 2 years is $ 11,400.00.

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Multiplying a certain even number by 4 then subtracting 16 gives you the next consecutive even number. Find the original number
anyanavicka [17]

Let 2k represent the original even number (such that k is an integer)

then 2(k + 1) is the next consecutive even number.

4(2k) - 16 = 2(k + 1)

8k - 16 = 2k + 2

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k = 3

since 2k represents the original number, then 2(3) = 6 is the oroginal number

Answer: 6

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3 years ago
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Answer:

3

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3 years ago
Alan bought a suit on sale for $208. This price was 35% less than the original price.
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Answer:

280.8

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A total of 644 tickets were sold for the school play. They were either adult tickets or student tickets. There were 56 fewer stu
DochEvi [55]

Create formulas!

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y=number of student tickets

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56+y=x    <em>student was 56 less than adult</em>

Perform substitution

(56+y)+y=644

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Substitute y into the formula we created

x+294=644

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3 0
4 years ago
Read 2 more answers
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