The answer to the question is a direct variation. k=2
The borrower owes $14,760.82 at the end of 8 years
What is compounding interest?
Compounding interest means that earlier interest would earn more interest in the future alongside the loan principal.
Note that in this case the loan continues to accumulate interest because there no repayments, in other words, the loan balance after 8 years, which comprises of the principal and interest for 8 years can be computed using the future value formula of a single cash flow(the single cash flow is the principal) as shown thus:
FV=PV*(1+r/n)^(n*t)
FV=loan balance after 8 years=unknown
PV=loan amount=$5,000
r=annual interest=14%
n=number of times in a year that interest is compounded=2(twice a year)
t=loan period=8 years
FV=$5000*(1+14%/2)^(2*8)
FV=$5000*(1.07)^16
FV=$5000*2.95216374856541
FV=loan balance after 8 years=$14,760.82
Find out more about semiannual compounding on:brainly.com/question/7219541.
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Answer:
x = -1
Step-by-step explanation:
7(4x+1)−3x=5x−13
Distribute
28x +7 -3x = 5x -13
Combine like terms
25x+7 = 5x-13
Subtract 5x from each side
25x-5x +7 = -13
20x +7 = -13
Subtract 7 from each side
20x+7-7 = -13-7
20x = -20
Divide by 20
20x/20 = -20/20
x = -1
To find a fraction between two fractions, all we need to do is make the sum of the numerators be the new numerator, and the sum of the denominators be the new denominator.(x) So, for example, a fraction between 7/13 and 6/11 is (7 + 6)/(13+ 11) =13/24.(x)
7/13 = .5384615(x)
6/11 = .545454(x)
13/24 = .541666�
Given that a/b < c/d, why is it true that a/b < (a+c)/(b+d)< c/d?
