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ale4655 [162]
2 years ago
15

Marissa deposited $3,900 into a savings account. How much will Marissa have in her account after 7 years and 6 months at a yearl

y simple interest rate of 1.82%
Mathematics
1 answer:
REY [17]2 years ago
3 0

Marissa wants to know how much she would make using the simple interest calculation.

She will have $4,432.35

Given data

Principal = $3,900

Time = 7 years 6 months = 7.5 years

Rate = 1.82%

I = A - P = $532.35

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 1.82%/100 = 0.0182 per year.

Solving our equation:

A = 3900(1 + (0.0182 × 7.5)) = 4432.35

A = $4,432.35

The total amount accrued, principal plus interest, from simple interest on a principal of $3,900.00 at a rate of 1.82% per year for 7.5 years is $4,432.35.

Learn more about simple interest here:

brainly.com/question/20690803

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Write an equation for a line containing (-8,12) that is parallel to the line containing the points (3,2) and (-7,2)
jarptica [38.1K]
First we need to find the slope.

slope = (y2 - y1) / (x2 - x1)

slope = (-5 - 2) / (5 - -3)

slope = (-7) / (5 + 3)

slope = -7/8

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Point-slope form:

y - y1 = m(x - x1)

y - 2 = (-7/8)(x - -3)

y - 2 = (-7/8)(x + 3)

y - 2 = (-7/8)x - 21/8

y = (-7/8)x - 21/8 + 2

y = (-7/8)x - 21/8 + 16/8

y = (-7/8)x - 5/8

6 0
3 years ago
Read 2 more answers
One day at St. Philip's High School, 1/2 of the pupils walked to school, 1/5 of the pupils came to school by bus, and the remai
Doss [256]
Let P be the number of kids,
we know P>57
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therefore 57 is 3/10P
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it would be incorrect if we didnt get a positive integer.
7 0
3 years ago
Help! Need by 10:30 to turn in and I'm confused!
JulsSmile [24]

Answer:

21.97 tissues

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7 0
3 years ago
PLEASE HELP ME!!!!!
solong [7]

The full workings for the house purchase you made on a mortgage are as follows:

1. Price of House = $499,000 (given)

2. Down Payment = $99,800 ($499,000 x 20%)

3. Amount Financed (Mortgage principal) = $399,200 ($499,000 - $99,800).

4. Monthly Payment = $2,522.94 (given)

5. Number of monthly payments = 360 months (30 x 12)

6. Total Payback = $908,258.40 ($2,522.94 x 360)

7. Total Interest = $509,058.40 ($908,258.40 - $399,200)

8. Assessed Valuation = $199,600 ($499,000 x 40%)

9. Real Estate Taxes (annual) = $6,047.88 ($199,600 x $3.03/$100)

10. Escrow Payment Per month (taxes & insurance) = $628.99 ($6,047.88 + $1,500)/12

11. Monthly Payment to lender (escrow + mortgage) = $3,151.93 ($628.99 + $2,522.94)

<h3>What is a mortgage?</h3>

A mortgage is a loan arrangement that allows a borrower to buy some property, usually a house, without paying for the full cost immediately.

The borrower then makes a monthly payment, which includes the principal and its interest.

Learn more about mortgage payments at brainly.com/question/22846480

#SPJ1

3 0
2 years ago
Rhett is solving the quadratic equation 0= x2 – 2x – 3 using the quadratic formula. Which shows the correct substitution of the
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(x)2 - 2x - 3 = 0

a = 1
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3 years ago
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