Answer:
$6370
Explanation:
The simple interest formula gives us the final amount A given the principal amount P:

where r is the interest rate and t is the time interval.
Now in our case we have
P = 2800
r = 4.25/100
t = 30 years
therefore, the above formula gives

which simplifies to give

Hence, the account balance after 30 years will be $6370.
Answer:
y=-100x+700
Step-by-step explanation:
Slope=Rise/Run=Δy/Δx=(y₂-y1)/(x₂-x₁)=(200-600)/(5-1)=(-400)/(4)=-100
So your slope would be m=-100
To find b, the y-intercept, we plug in a given output of y for a given input of x and solve for b:
y=mx+b (Slope-intercept form)
y=-100x+b (Equation so far)
200=-100(5)+b [Plugging in (5,200)]
200=-500+b
700=b
So since the y-intercept is b=700, then the equation of the line is y=-100x+700
Answer:
C) 7
===========================================
Work Shown:
Use the slope formula
m = (y2-y1)/(x2-x1)
Plug in the given slope we want m = -5/3 and also the coordinates of the points. Then isolate r
m = (y2-y1)/(x2-x1)
-5/3 = (2-r)/(r-4)
-5(r-4) = 3(2-r) .... cross multiplying
-5r+20 = 6-3r
-5r+20+5r = 6-3r+5r .... adding 5 to both sides
20 = 6+2r
20-6 = 6+2r-6 ....subtracting 6 from both sides
14 = 2r
2r = 14
2r/2 = 14/2 .... dividing both sides by 2
r = 7
The slope of the line through (4,7) and (7,2) should be -5/3, let's check that
m = (y2-y1)/(x2-x1)
m = (2-7)/(7-4)
m = -5/3
The answer is confirmed
15 because it’s 3 times the actual amount
Answer:
26%
Step-by-step explanation:
Your 36 monthly payments will total ...
36 × $205.10 = $7383.60
$5860 of that is the amount you borrowed. The remainder is the interest you pay:
$7383.60 -5860 = $1,523.60
As a percentage of the original loan amount this is ...
$1523.60/$5860 × 100% = 26%
You pay back 26% of the original loan amount in interest.