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Firlakuza [10]
2 years ago
15

Suppose that $2000 is loaned at a rate of 12%, compounded semiannually. Assuming that no payments are made, find the amount owed

after 3 years
Do not round any intermediate computations, and round your answer to the nearest cent.
Mathematics
1 answer:
Pie2 years ago
3 0

The total amount owed after three years is $2,837.04.

The formula that can be used to determine the total amount owed after 3 years is:

FV = A(1 + r/m)^nm

  • FV = Future value of debt
  • A = amount borrowed  
  • R = interest rate = 12/2 = 6%
  • m = number of compounding = 2  
  • N = number of years = 3

$2000 x (1.06)^6 = $2,837.04

To learn more about future value, please check: brainly.com/question/18760477

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Find the solution to the system of equations y=−7x+3y=−x−3​
babunello [35]

Answer:

x=1, y=-4. (1, -4).

Step-by-step explanation:

y=-7x+3

y=-x-3

-------------

-7x+3=-x-3

-7x-(-x)+3=-3

-7x+x=-3-3

-6x=-6

6x=6

x=6/6

x=1

y=-1-3=-4

3 0
4 years ago
Three friends Kofi,Yaw and Musa are in partnership business in which Kofi and Yaw contributed 5/9 and 2/15 of the cost of 14000.
wlad13 [49]

Answer:

(a) Total = 45000

(b) Yaw, Musa and Kofi

Step-by-step explanation:

Given

Kofi =5/9

Yaw = 2/15

Musa = 14000

Solving (a): The cost of the business

First, we solve for the fraction of Musa

Musa + Kofi + Yaw = 1

Musa = 1 - (Kofi + Yaw )

Musa = 1 - (5/9 + 2/15)

Musa = 1 - (\frac{25+6}{45})

Musa = 1 - \frac{31}{45}

Musa = \frac{45 - 31}{45}

Musa = \frac{14}{45}

So, we have:

\frac{14}{45} * Total = 14000

Make Total the subject

Total = 14000 * \frac{45}{14}

Total = 1000 * 45

Total = 45000

Solving (b): Partners in ascending order

First, represent the fractions as decimals

Kofi =5/9 = 0.5556

Yaw = 2/15 = 0.1333

Musa = \frac{14}{45} = 0.3111

From the conversion above, the least is 0.1333 (Yaw), then 0.3111 (Musa), then 0.5556 (Kofi).

<em>So, the order is: Yaw, Musa and Kofi</em>

6 0
3 years ago
Help please! Need help solving
NISA [10]
For the perimeter you have to consider the EXTERNAL SHAPE ONLY:

a) the perimeter of half a circle WITHOUT ITS DIAMETER  is:
π.R - 2R → 3.14x1.5 - 2x1.5 → 1.71 cm

b) the perimeter of the rectangle WITHOUT THE UPPER SIDE is:
2.5+3+2.5 = 8 cm

Hence the perimeter of the figure is 1.71 + 8 = 9.71 cm

2) Area of the figure:
Area of half circle is π.R²/2 →3.14 x (1.5)²/2 → Area half circle = 3.5325 cm²
Area of rectangle = 2.5 x 3 = 7.5 cm²
Total area = 3.5325 + 7.5 = 11.0325 ≈ 11 cm²


3 0
3 years ago
The product of a number and 4 increased by 16 is -2
Thepotemich [5.8K]
This is some simple Algebra
So it's 4x+16=-2
We subtract 16 from both sides
4x=-18
Sivide both sides by 4
X=-4.5
If you need more of an explanation I am happy to elaborate
5 0
4 years ago
Solve the inequality -5y-7&lt;28
slava [35]

Answer: IDK sssrry


Step-by-step explanation:


3 0
3 years ago
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