9514 1404 393
Answer:
$2038.85
Step-by-step explanation:
The value of the loan at that point is given by ...
A = P(1 +rt) . . . . . Principal P, rate r, time t (years)
A = $1850(1 + 0.1225·(10/12)) = $2038.85
Ricardo will have paid back $2038.85 at the end of the loan period.
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<em>Additional comment</em>
We assume that the loan accrues simple interest and that the amount due is the sum of principal and interest at the end of the loan period.
The question is not specific as to whether interest compounds, or whether intermediate (monthly) payments are made. There are many possible ways the loan could be repaid, generally involving different amounts for the different terms.
Answer:
One Solution
Step-by-step explanation:
First substitute the y in the first equation with the second equation to get
-2x-4=3x+3
since theres a variable of both sides, you subtract the variable with the least coefficient, in this case, you add 2x to both sides to get
-4=5x+3
subtract the constant on both sides to get
-1=5x
divide both sides by 5
x= -0.2 or -1/5
Answer:
C
Step-by-step explanation:
Answer:
y = 
Step-by-step explanation:
Given
5x - 8y = 11 ( subtract 5x from both sides )
- 8y = 11 - 5x ( multiply through by - 1 )
8y = - 11 + 5x = 5x - 11 ( divide both sides by 8 )
y =
