I think that the question you are trying to ask is . . . A college student takes out a $7500 loan from a bank. What will the balance of the loan be after one year(assuming the student has not made any payments yet)
a. if bank charges 3.8% interest each year ?
b. if the bank charger 5.3% interest each year ?
Answer:
(a) $7785
(b) $7897.5
Step-by-step explanation:
Given:
Loan = $7500
We need to find the balance of the loan be after one year(assuming the student has not made any payments yet).
The formula for amount or loan is
A = P( 1 + r)^t .... (1)
where, P is principle, r is rate of interest and t is time in years.
(a) If bank charges 3.8% interest each year.
r = 3.8% = 0.038
Substitute P=7500, r=0.038 and t=1 in equation (1).
A = 7500 (1 + 0.038)^1
A = 7500 (1.038)
A = 7785
Therefore, the balance of the loan be after one year is $7785.
(b) If the bank charger 5.3% interest each year.
r = 5.3% = 0.053
Substitute P=7500, r=0.053 and t=1 in equation (1).
A = 7500 (1 + 0.053)^1
A = 7500 (1.053)
A = 7897.5
Therefore, the balance of the loan be after one year is $7897.5.
The correct option that allows identifying the appropriate conclusion from the statements provided and their arguments is: <u>C</u>.
<h3>What is the
FDA?</h3>
The FDA is the Food and Drug Administration, a government agency in charge of regulating food, medicines, cosmetics, among others, whose function is to verify that said products do not affect human health.
It is well known that before its creation by President Roosevelt, food could contain many components that were found to be harmful to health, so his intervention guarantees healthier products.
More information about the FDA: brainly.com/question/9072310
#SPJ1
<span>Jane Austen was an English novelist known primarily for her six major novels, which interpret, critique and comment upon the British landed gentry at the end of the 18th century. Austen's plots often explore the dependence of women on marriage in the pursuit of favourable social standing and economic security. Her works critique the novels of sensibility of the second half of the 18th century and are part of the transition to 19th-century literary realism.</span>
Answer:
its purna viram( Hindi full stop)
atleast that is what I believe.
Last year, Lou and I got all gussied up and delivered some spine tingling Valentine’s Day prize packs to some deserved listeners.
Our Office and a Gentlemen Valentine’s Day contest is back again this year. Does your valentine deserve this awesome prize-pack? Nominate your favorite Valentine by going to i95rock.com or just click the following link: <span><span>Office and a Gentleman Valentine’s Day Giveaway</span> </span>and fill out the entry blank. We have four of these huge prize packs that Lou and I will hand deliver personally on Tuesday, Valentine’s Day. The deadline for entries is this Monday, February 13 at 12 noon.
Each Valentine’s Day prize package will include the following:
– 1 dozen roses from Driscoll’s Florist in Danbury
– 1 $50 Gift Certificate redeemable at Two Steps Downtown Grill in Danbury
– 1 Full Chocolate Experience from Fascia’s Chocolates in Waterbury
–<span> 1 $50 Gift Certificate redeemable</span> at Dawn’s Pizzazz Salon and Spa
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<span>Read More: </span>Ethan and Lou Play Cupid Again on Valentine's Day 2017 | http://i95rock.com/ethan-and-lou-play-cupid-again-on-valentines-day-2017/?trackback=tsmclip</span>
