A loan of $50,000 is taken out for six years at 9% interest compounded annually. If the loan is paid off in full at the end of that time period, $50433 must be returned.
<h3>What is Compound interest?</h3>
- Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate multiplied by the number of compound periods multiplied by one.
- Compound interest is when you earn interest on both your savings and your interest earnings. When you compound interest, you add the interest you've earned back into your principal balance, which earns you even more interest, compounding your returns.
- Assume you have $1,000 in a savings account earning 5% interest per year. You'd earn $50 in year one, giving you a new balance of $1,050. Compound interest occurs when interest earned on savings begins to earn interest on itself.
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Answer: 31,948.80
Step-by-step explanation: I thin it his is correct. I multiplied the original amount by .04 then subtracted that from the original number.
Answer:
D; x -y = 22
3x + 2y = 246
Step-by-step explanation:
Let us have the bigger number as x and the smaller as y
The difference between the two is 22
Thus, we have it that;
x - y = 22
twice the smaller number; 2(y) added to thrice the larger 3(x) equals 246
3x + 2y = 246
So we have the two equations as;
x -y = 22
3x + 2y = 246
Square perimeter =4x cm.
The complete length that a square's edge encompasses is referred to as its perimeter. Any enclosed geometric shape's perimeter may be computed by measuring the space around it.
By calculating the total of all the sides of a square, the perimeter may be determined. The perimeter of a square will be stated as,
The perimeter of square = s + s + s + s
⇒Perimeter of square = 4s, where "s" is the side length of the square.
This is because all edges of a square are equal and each edge measures "s" units.
<h3>Calculating the perimeter of a square:</h3>
Mathematically, the formula for calculating a square's perimeter is: Square perimeter, (P) = 4 Side
⇒P= 4x cm
It is concluded that the solution is 4x cm.
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