Huy borrowed $4500 from a bank at a rate of 5% per year compound interest. He paid back the money and interest at the end of 2 years.
How much interest did he pay?

Answers

Answer 1

Answer:

Step-by-step explanation:

FV = PV ( 1 + i)^n       i = decimal interest per period(year)   n = periods(years)

                   FV = future value   PV = present value (deposit or loan amount)

FV = 4500 ( 1 + .05)^2

FV = 4500(1.05)^2 = 4961.25    subtract the orginal deposit  which means 461.25 interest paid at 2 yrs


Related Questions

PLS HELP WILL MARK YOU BRAINLIEST! NO FAKE ANSWERS!

Answers

Answer:

A.

Mean-103.0625

Median- 8, 9

Mode- 8, 1

B.

They should use the shoe size 6, because it has the most women waering it.

Your Welcome!

Step-by-step explanation:

Mean:-

5+5.5+6+6.5+7+7.5+8+8.5/854/86.9

Median:-

Total terms 8

Median =n/2th term +(n/2+1)th term

Median=6.5 and 7

Mode:-

No modes

A person invests 7000 dollars in a bank. The bank pays 5.5% interest compounded
monthly. To the nearest tenth of a year, how long must the person leave the money
in the bank until it reaches 13200 dollars?

Answers

The time required to get a total amount of $13,200.00 with compounded interest on a principal of $7,000.00 at an interest rate of 5.5% per year and compounded 12 times per year is 11.559 years. (about 11 years 7 months)

Answer:

t = 11.559 years

Compound Interest

Given Data

Principal P= $7000Rate r= 5.5%Final Amount A = $13200Time t = ??

(about 11 years 7 months)

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 5.5/100

r = 0.055 per year,

Then, solve the equation for t

t = ln(A/P) / n[ln(1 + r/n)]

t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.055/12)] )

t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.0045833333333333)] )

t = 11.559 years

Learn more about compound interest here:

https://brainly.com/question/24924853

how do you slove this question i know the answer but don't know how to get it ;A quart of milk costs $0.35. A case of 12 quarts cost $4.08. How much is saved per quart buying the case?

Answers

Answer:

$0.01 or 1 cent.

Step-by-step explanation:

Case: 12 quarts = $4.08

1 quart for case= $0.34

A quart normal= $0.35

0.35-0.34=$0.01

Sage borrowed $4500 from her parents to buy her a new car. So far she has repaid $2740 How much money does save still owe her parents?

Answers

Answer:1760

Step-by-step explanation:you get the money given by the parents minus the money given back to the parents

PLS HELP ASAPPPPP!!!!!

Answers

Answer:

first you write number 4,second the frequency you write number 5...for this data

Which of the following equations represents the problem "The sum of two consecutive integers is -17"?

2x + 2
2x + 1 = -17
2x = -17

Answers

Answer:

2x + 1 = -17

Step-by-step explanation:

consecutive integers would be

x and x+1

when you add them together its

2x+1

How do I solve this hmm

Answers

Answer:

put the numbers that are x into the equation. you always try to find y in this problem

Step-by-step explanation:

y=x+8

the first x is 0 so we do

y= 0+8

y=8

and you keep repeating this where x=1 and x= 2

How to find the base of a triangle if your height is 6 inches.

Answers

Answer:

Triangle Area = 1/2 x Base Length x Height Example:

What is 8 1/3 - 3 1/2?

Answers

29/6 = 4 5/6 simplified

Answer:

4 5/6

Step-by-step explanation:

Turn both 8 1/3 and 3 1/2 into improper fractions (just to make it less complicated).

8 1/3 = 25/3

3 1/2 = 7/2

Then, try and make the denominators the same by finding the LCD (least common denominator).

The least common denominator of 3 and 2 is 6. Multiply both the denominators (3 and 2) to get 6, multiply the numerator with it as well (I can't explain this part properly, but the fractions will somehow explain).

[tex]\frac{25*2}{3*2}[/tex] = [tex]\frac{50}{6}[/tex]

[tex]\frac{7*3}{2*3}[/tex] = [tex]\frac{21}{6}[/tex]

So, then subtract (50/6 - 21/6).

50/6 - 21/6

= 29/6 = 4 5/6

So, 8 1/3 - 3 1/2 is 4 5/6.

Solve:
n x 3.6 when n = 0.72

Answers

You would substitute the N and multiply. 0.72 x 3.6= 2.592

Answer:

Substitute n to that 0.72 and multiply it from 3.6

answer would be 2.592

Step-by-step explanation:


This shows how to copy the triangle, cut the copy into pieces, and form a rectangle.

What is the area of the rectangle?
( ) square millimeters

What is the area of the triangle?
( )square millimeters


Answers

The area of the rectangle and triangle are 48 mm² and 24 mm² respectively.

What is an area?

The area is the amount of space occupied by a two dimensional shape or object.

Area of rectangle = length * width = 6 mm * 8 mm = 48 mm²

Area of triangle = (1/2) * base * height = 0.5 * 6 * 8 = 24 mm²

The area of the rectangle and triangle are 48 mm² and 24 mm² respectively.

Find out more on area at: https://brainly.com/question/25292087

Is –12,365 − –110 positive or negative?

Answers

Answer:

Negative

Step-by-step explanation:

This is the same as saying -12,365 + 110

This equals -12,265

Hope that helps!

Answer:

Same sign - Positive

Different sign - Negative

only for some maths

Trying to finish khan academy. I need to simplify. How do I do it?

Answers

Answer:

-5+5k-8k-20

-3k-25

-(3k+25)

Answer:

Step-by-step explanation:

(-5 - -25k) - (8k + 20) =

-(18k - 15)

HELP ASAP!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

0.36

Step-by-step explanation:

0.67 - 0.31 = B

B = 0.36

I hope this helps!

Express as a fraction in the simplest form: 43.5%

a. 435/1000

b. 870/200

c. 87/200

Answers

Answer:

C

Step-by-step explanation:

43.5 x 10 = 435

435/1000 = 87/200 (simplified)

A right rectangular prisim has a length of 2 1/2 feet a width of 3 feet and a height of 1 1/2 feet. Unit cubes with side lengths of 1/2 foot are added to completely fill the prisim with no space remaining. What is the volume in cubic feet of the right rectangular prisim?

Answers

the answer would be 90feet ^3

Can anyone please answer the attachment​

Answers

Answer:

•SEE BELOW•

1) NAME OF CIRCLE : CIRCLE ABDE

2) CHORD : SEGMENT DE

3)DIAMETER: SEG DB

4)TANGENT LINE : RAY E

5) SECANT LINE : SEGMENT AB

HOPE IT HELPS!

MARK AS BRAINLIAST.

Suppose a 8-year loan for principal amount
$8500
was taken out. Over the life of the loan
$3400
was paid. If interest did not compound, what was the interest rate per year?

Answers

Step-by-step explanation:

8500× 8

8500

× 8

52000

so,

I will complete your answer

you can any doubt please ask to me

the interest rate per year is = 52000 answer

HELP ME: Lee works at a job where her pay varies directly with the number of hours she works. Her pay for 6.5 hours is $49.40. Write a direct variation equation relating Lee’s pay x to the hours worked y. Then find her pay if she works 25 hours in a week. y = 7.6x; $190

Answers

Answer: 90$

Step-by-step explanation:

help me please please with all of them

Answers

Step-by-step explanation:

for question one the answer is the intial area of fire

2. is the decay factor

3. 38400

4. the initial population

X - y = -2 7x + 2y = -5

Élimination method

Answers

Answer:

x = -1, y = 1

Step-by-step explanation:

Multiply the top equation by 2:

[tex]2x - 2y = - 4[/tex]

Leaving the bottom equation unchanged, add the two resulting equations to eliminate y, obtaining:

[tex]9x = - 9[/tex]

Solve this for x, and then substitute this value of x into the bottom equation. Finally, solve for y.

[tex]x = - 1[/tex]

[tex]7( - 1) + 2y = - 5[/tex]

[tex] - 7 + 2y = - 5[/tex]

[tex]2y = 2[/tex]

[tex]y = 1[/tex]

P,Q and R are points on a circle, centre O, if angle OPQ=36 degree, what is the size of angle PRQ.

Answers

Answer:

18

Step-by-step explanation:

an angle subtended by a chord to the center is twice to that subtended by the same chord to the circumference

Find the area of this circle. Use 3.14 for a 11 ft The area of the circle is about ft2. (Round to the nearest hundredth as needed.)​

Answers

Answer:

Area of circle is 379.94 feet²

Step-by-step explanation:

Given:

Radius of circle = 11 feet

To Find:

Area of circle.

Solution:

Here given that radius of circle is 11 feet. Using the formula of area of circle we will get the required area of circle

Area of circle = πr²

On substituting the required values:

Area = 3.14 × (11)²

Area = 3.14 × 121

Area = 379.94 feet²

Hence,

Area of circle is 379.94 feet²

find the measures of m and n

Answers

Answer:

m=3 n=6

Step-by-step explanation:

top diagonals are congruent

9 = 3m

solve for m

m = 3

bottom diagonals are congruent

m + 8 = 2n -1

plug in 3 for m

3 + 8 = 2n -1

solve for n

11 +1 = 2n

12 = 2n

n=6

(- 18) × (- 5) × (- 4) =

Answers

Answer:

−360

Step-by-step explanation:

Find the slope of the line that is parallel and perpendicular to the following equation.
y + 4 = -3(x +1)

Answers

Answer:

Parallel: -3

Perpendicular: 1/3

Step-by-step explanation:

First I would convert the equation into slope-intercept form to more easily identify the slope:

[tex]y+4=-3x-3\\ y=-3x-7[/tex]

Slope-intercept form is defined as y=mx+b where m is the slope and b is the y-intercept so we can identify the slope of this line as -3.  

When a line is parallel to another line, this means that they have the same slope, therefore the slope of the line parallel to the equation is -3.  

Perpendicular lines will have slopes that are negative reciprocals of each other, the negative reciprocal of -3 is 1/3; therefore, the slope of the line perpindicular to the equation is 1/3.

Answer:

parallel slope = -3

perpendicular slope: [tex]\sf \bold{\frac{1}{3} }[/tex]

Explanation:

y + 4 = -3(x +1)y + 4 = -3(x) - 3y = -3(x) - 3 - 4y = -3x - 7

comparing with y = m(x) + b      [ "m" is the slope, "b" is the y-intercept ]

slope: -3y-intercept: -7

Parallel/Tangent slope:

m₁ = m₂                (same)

Perpendicular/Normal slope:

m₁ * m₂ = -1           (negatively reciprocal)

⇒ Here parallel slope:

m = -3

⇒ Here perpendicular slope:

-3 * m₂ = -1m₂ = -1/-3m₂ = 1/3

What is the measure of the third angle in a triangle if the sum of the other two angle measures is 110°?

Answers

Step-by-step explanation:

the third angle in a triangle= 70

Which of the following are identities? Check all that apply.
A. sin(x+y)+ sin(x - y) = 2cos x siny
B. cos(x + y) + cos(x- y) = 2cos x cosy
C. tan(x - 2) = tan x
D. COS(x + y) - cos(x - y) = 2 cos xcosy

Answers

Answer:

B. cos(x+y) + cos(x-y)= 2cosx.cosy

Step-by-step explanation:

cos(x+y) + cos(x-y)

= cosx.cosy - sinx.siny + cosx.cosy + sinx.siny

=cosx.cosy + cosx.cosy

=2cosx.cosy

You took a test and got 12 points on it. The next week, you retook it and got 25% more points than before. How many points did you get when you retook it?

Answers

Answer:

15 points

Step-by-step explanation:

12 divied by .25 =3

so there for it would be 15 points

Answer:

The answer is 15 points. Have a great day:)

Find the surface area. HELP PLEASE!!!!​

Answers

Answer:

I think the answer is 792

Answer:

SA = 696cm^2

Step-by-step explanation:

First we need to identify the shapes

There are 3 rectangles and 2 triangles

Now the individual surface area for each shape

20 x 10 = 200 (1 rectangle)

1/2(12 x 8) = 48 (1 triangle)

Now we add them together

(200 x 3) + (48 x 2) = 696

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