All categories

2 years ago

Dream Loan Bank offers loans. Carrie borrows $10,500 to help start a business. The loan must be repaid at 4.5% simple interest o

ver 10 years.
How much money will Carrie have to pay back?

Enter the correct answer in the box.

Mathematics

1 answer:

MaRussiya [10]2 years ago

7 0

$~~~~~~ \textit{Simple Interest Earned Amount}\\\\A=P(1+rt)\qquad\begin{cases}A=\textit{accumulated amount}\\P=\textit{original amount given}\dotfill & \$10500\\r=rate\to 4.5\%\to \frac{4.5}{100}\dotfill &0.045\\t=years\dotfill &10\end{cases}\\\\\\A=10500(1+0.045\cdot 10)\implies \boxed{A=15225}$

You might be interested in

Any athlete who fails the Enormous State University's women's soccer fitness test is automatically dropped from the team. Last y

castortr0y [4]

Using conditional probability, it is found that there is a 0.7873 = 78.73% probability that Mona was justifiably dropped.

Conditional Probability

$P(B|A) = \frac{P(A \cap B)}{P(A)}$

In which

P(B|A) is the probability of event B happening, given that A happened.
$P(A \cap B)$ is the probability of both A and B happening.
P(A) is the probability of A happening.

In this problem:

Event A: Fail the test.
Event B: Unfit.

The probability of <u>failing the test</u> is composed by:

46% of 37%(are fit).
100% of 63%(not fit).

Hence:

$P(A) = 0.46(0.37) + 0.63 = 0.8002$

The probability of both failing the test and being unfit is:

$P(A \cap B) = 0.63$

Hence, the conditional probability is:

$P(B|A) = \frac{P(A \cap B)}{P(A)} = \frac{0.63}{0.8002} = 0.7873$

0.7873 = 78.73% probability that Mona was justifiably dropped.

A similar problem is given at brainly.com/question/14398287

3 0

2 years ago

Find (f+g)(x). f(x)=-3x+2 and g(x)=x^3

hodyreva [135]

Answer:

$\large\boxed{(f-g)(x)=x^3-3x+2}$

Step-by-step explanation:

$(f+g)(x)=f(x)+g(x)\\\\\text{We have}\ f(x)=-3x+2\ \text{and}\ g(x)=x^3.\\\\\text{Substitute:}\\\\(f+g)(x)=(-3x+2)+(x^3)=x^3-3x+2$

4 0

2 years ago

Mary baked 21 cookies on saturday and twice that many on sunday for a school fundraiser. 4 cookies fell on the ground and had to

nika2105 [10]

21+21= 42 cookies minus 4 = 38 cookies
38/3= 12.66(round down to 12)
She made 12 bags with 3 in Each which is 36, so 2 were left over

3 0

2 years ago

How much larger is 2 than 0.002?

Eva8 [605]

2 - 0.002= 1.998

hope this helps

4 0

3 years ago

Read 2 more answers

Need an answer right away! Thank you for your time!

Mariana [72]

Answer:

4/13

Step-by-step explanation:

There are three face cards and four of each, plus four ace cards, for a total of 16. Thus, the probability of drawing an ace or a face card is 16/52, or 8/26, or 4/13.

7 0

2 years ago

Read 2 more answers