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scoray [572]
3 years ago
7

you get $2,000 loan at 9% interest rate and pays it back in 6 months. how much intereast will you pay on the loan

Mathematics
1 answer:
notka56 [123]3 years ago
6 0

Answer:

$90

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 9%/100 = 0.09 per year,

then, solving our equation

I = 2000 × 0.09 × 0.5 = 90

I = $ 90.00

The simple interest accumulated

on a principal of $ 2,000.00

at a rate of 9% per year

for 0.5 years is $ 90.00.

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Brian deposited $4000 into an account with 5.4% interest, compounded monthly. Assuming that no withdrawals are made, how much wi
Yanka [14]
The future value of the amount deposited will be given by:
FV=p(1+r/100n)^nt

where:
FV=future value
p=principle
r=rate
n=terms
t=time
thus substituting our values in the formula we get:
FV=4000(1+5.4/1200)^(6×12)
FV=$5,526.57

Answer: $5,526.57
8 0
3 years ago
Nth term sequences, please may I get some help. 15 p.
Dovator [93]

Answer:

(n+2)^2+6

Step-by-step explanation:

Pattern 1 consists of

3+3\times 3+3 small squares (here n = 1 and 3\times 3=(1+2)\times (1+2)).

Pattern 2 consists of

3+4\times 4+3 small squares (here n = 2 and 4\times 4=(2+2)\times (2+2)).

Pattern 3 consists of

3+5\times 5+3 small squares (here n = 3 and 5\times 5=(3+2)\times (3+2)).

Thus, pattern n consists of

3+(n+2)\times (n+2)+3=6+(n+2)^2 small squares.

3 0
3 years ago
What is the equation of the line that passes through the point<br> (5,-2) and has a slope of 6/5
LenKa [72]

Answer:

y = \frac{6x}{5} - 8

Step-by-step explanation:

given slope m = \frac{6}{5}

point (5, -2) for (x1, y1)

equation for point slope form

y - y1 = m(x- x1)

y - (-2) = \frac{6}{5} (x -5)

y + 2 = \frac{6}{5}x - 6, simplify

y = \frac{6x}{5} - 8,

further you can multiply by 5 to get rid of fraction

5y = 6x - 40

5 0
3 years ago
Solve using quadratic formula<br> 1. y=3x^2-x-6<br><br> 2. y=-5x+7x+3
nignag [31]
My estimated answer for 1 is x=1.59 or x=-1.26 and my exact answer is (in word form) x= 1 plus or minus the square root of 73 over 6. my estimated answer for 2 is x=-0.34 or x=1.74 and my exact answer (in word form) is x= -7 plus or minus the square root of 109 over -10. I took a picture of my work and hopefully you can read it

5 0
3 years ago
15-2x=-7x what does x equal
Degger [83]

Answer:

x = -3

Step-by-step explanation:

15 - 2x = -7x

add 2x

15 = -5x

divide by -5

-3 = x

4 0
3 years ago
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