Answer:
$149.66
Step-by-step explanation:
Step 1
Calculate Total Amount payable to the bank using compound interest
Total Amount payable (A) =
P(1 + r/n)^nt
P = Principal = $2000
r = Interest rate = 9% = 0.09
n = compounding interest = quarterly = 4
t = time in years = 2
Total Amount payable
= 2000(1 + 0.09/4)^0.09 × 2
A = $ 2,389.66
Interest = A - Principal
= $ 2,389.66 - $ 2,000.00
I (interest) = $ 389.66
Step 2
Calculate the Total amount payable to his uncle using simple interest.
Total Amount (A) = P(1 + rt)
P = Principal = $2000
r = Interest rate = 6% = 0.06
t = time in years = 2
A = 2000(1 + 0.06 × 2)
A = $2,240
A - Principal
= $ 2,240 - $ 2,000.
I (interest) = $240
Step 3
The amount of money you will save by borrowing the money from your uncle is calculated as:
Amount payable to the bank - Amount payable to your uncle
= $ 2,389.66 - $2,240
= $149.66
Therefore, the amount of money you will save by borrowing the money from your uncle is $149.66
Answer:
11.5
Step-by-step explanation:
-1*-11.5=11.5
Answer:
23h^2
Step-by-step explanation:
These are all like terms so we add/subtract them from left to right.
7h^2+6h^2+5h^2+6h^2-h^2
= 24h^2 - h^2
= 23h^2 (answer)
<u>Answer:</u>
The total time taken to complete 25 miles is 7.6 hours.
Solution:
Ben walks 5 miles in 1 hour,
Second 5 miles in 1.4 hours,
Third 5 miles in 1.7 hours,
Last 5 miles in 1.8 hours
So he walked total 20 miles in (1+1.4+1.7+1.8) hours = 5.9 hours = 6 hours (approximately)
So his average speed is 
miles/hours = 3.33 miles/hours.
i.e. he travels 3.3 miles in 1 hour,
Then, he travels 1 miles in 
hours
Hence the total time he will take to walk 25 miles is 
That is approximately 7.57 or 7.6 hours.
Answer: 3x + 4c + 11
Step-by-step explanation: Combine like terms.
