An amount of $44,000 is borrowed for 9 years at 3% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid
back?

Answers

Answer 1

Answer:

A= $52,190.93

Step-by-step explanation:

A = $ 52,190.93

A = P + I where

P (principal) = $ 40,000.00

I (interest) = $ 12,190.93

Calculation Steps:

First, convert R percent to r a decimal

r = R/100

r = 3%/100

r = 0.03 per year,

Then, solve our equation for A

A = P(1 + r/n)nt

A = 40,000.00(1 + 0.03/1)(1)(9)

A = $ 52,190.93

Summary:

The total amount accrued, principal plus interest,

from compound interest on an original principal of

$ 40,000.00 at a rate of 3% per year

compounded 1 times per year

over 9 years is $ 52,190.93.


Related Questions

The sale price of every item in a store is 85% of its usual price the usual price of backpack is $18 what is its sale price

Answers

Answer: the sale price is $2.70

Step-by-step explanation:

Discount = Original Price x Discount %/100

Discount = 18 × 85/100

Discount = 18 x 0.85

You save = $15.30

Final Price = Original Price - Discount

Final Price = 18 - 15.3

Final Price = $2.70

what is the y- intercept for y=-2 +5

Answers

Answer:

(0,5)

Step-by-step explanation:

I'm assuming it's actually y=-2x+5. Anyway, in y=mx+b, b represents the y-int, and because b=5 (based on the placement), we know that the y-intercept is (0,5)

Answer:

no answer

Step-by-step explanation:

there's something wrong with your question, it must have x, and the equation must be in that order:

y=mx+c

Need Help please,
Which graph is generated by this table of values?

Answers

Answer:

y=3x-6

Step-by-step explanation:

use 2 of the points for y=a×x+b

we use (2,0) and (3,3) as an example

we get

0=2a+b & 3=3a+b

so

3-0=3a+b-(2a+b)

3=a

b=-6

In XYZ right angled at Y. find the length of the hypotenuse if the length of the other two sides is 1.6 cm and 6.3 cm.

Answers

9514 1404 393

Answer:

  6.5 cm

Step-by-step explanation:

The Pythagorean theorem applies. You want c for a=1.6, b=6.3.

  c² = a² +b²

  c² = 1.6² +6.3² = 2.56 +36.69 = 42.25

  c = √42.25 = 6.5

The length of the hypotenuse is 6.5 cm.

Which explicit formula is equivalent to ?

WILL GIVE BRAINLEST

Answers

Answer:

c i think

Step-by-step explanation:

if im wrong a if its geometric and c if its arithmetic

6. HANG GLIDING Aida
was hang gliding. After losing
35 feet in altitude, she was
gliding at 125 feet. Write and
solve an equation to find her
height when she started hang
gliding.

Answers

Answer:

35+125=160

She was 160 feet up when she began hang gliding

Answer:

160

Step-by-step explanation:

let A represent Aida hang gliding

we know that she was at 125 ft in the air

we know that she lost 35 ft in altitude

so the equation would be

125=A[-35]

what is boxed you change the opposite so the opposite of subtraction would be addition.

125=A[-35]

125=A+35

now we move the +35 under 125

if we add 125 and 35 it would give us 160 so the answer would be 160

The length of a subway is 385 miles. If 3 cm represents 35 miles on the map, then what is the length of the subway on the map in cm?

Answers

Answer:

33cm

Step-by-step explanation:

385 / 35 = 11

11 times 3 = 33

What could you do to find the amount to each person must pay? Explain.

Answers

Divide both sides by 5 since there are 5 friends, you would get 5x-23.

The graph shows two lines A and B:

Based on the graph, which statement is correct about the solution to the system of equations for lines A and B? (1 point)


A. (4, 2) is the solution to line A but not for line B

B. (4, 2) is the solution to both lines A and B

C. (0, 0) is the solution to both lines A and B

D. (0, 0) is the solution to line A but not for line B

Answers

i have not seen this work before but im between A and B but i think B but im not sure and have a great day

At a pet store, a survey was taken asking how many pets each person had. The
results were: (2,5, 3, 1, 0, 4, 2, 7,0, 2, 7,3). What is the mode?

Answers

Answer:

2

Step-by-step explanation:

We have these numbers: 2, 5, 3, 1, 0, 4, 2, 7, 0, 2, 7, 3

The mode is the most common value. I can see 3 two's in the data set. The mode is 2.

#SpreadTheLove <3

help please and thank youu

Answers

Answer:

c

Step-by-step explanation:

number number number number

Geometry. What is the answer and how do I solve? Please don't waste my answers. I will mark brainliest.

Answers

Answer:

QS = 16

Step-by-step explanation:

We can find QS by using the Pythagorean Theorem for Δ SQT

ST = 24/2 or 12

QT = 20

QS² + 12² = 20²

QS² + 124 = 400

QS² = 256

QS = √256, which is 16

what are the answers to these questions? need help asap

Answers

the correct answer is ^
1. -20-5x 3. -3x+21
5. 6y+12z 2. should be 4+x
4. -36-6d

Phil and Matt made a total of $72.00 selling the cookies. How many cookies
did Phil make and how many cookies did Matt make?

Answers

Answer:

36

Step-by-step explanation:

It would only be 36 if they split the amount though

Based on a linear equation, we will see that they sold a total of 288 cookies.

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

A mathematical equation is a statement with two equal sides and an equal sign in between. An equation is, for instance, 4 + 6 = 10. Both 4 + 6 and 10 can be seen on the left and right sides of the equal sign, respectively.

We have been given that Phil and Matt sell cookies for $0.25 each,

Thus, if they sell x cookies, the total revenue is:

R(x) = $0.25x

Now, we know that they made a total of $72.00,

Therefore, we need to solve the linear equation:

$0.25x = $72.00x

= $72.00/$0.25 = 288

Hence, they sold 288 cookies.

Learn more about linear equations:

brainly.com/question/1884491

#SPJ2

You buy rice at $0.71 a pound. One batch of fried rice requires 9 pounds of rice. How much does the rice for one batch cost? Round to the nearest cent.

Answers

Answer:

$6.39

Step-by-step explanation:

b= batch

1b=$0.71

9b=?

9b=9($0.71)

9b=$6.39

0.71 x 9=6.39
Answer 6.4
I think

An artist wants to make a particular teal color paint by mixing a 75% blue hue and 25% yellow hue. He mixes a blue hue that has 85% pure blue pigment and a yellow hue that has 60% of pure yellow pigment. What is the percent of pure pigment that is in the resulting teal color paint?

Answers

Answer:
Let p represent the teal color paint.
(0.75 × 0. 85p) + (0. 25 × 0.6p) = 0.7875p 78.75% of pure pigment is in the resulting teal color paint.

Challenge The price of Stock A at 9 AM was $15.55. Since then, the price has been increasing at the rate of $0.06 each hour. At noon the price of Stock B was $13.30. It begins to decrease at the rate of $0.14 each hour. If the two rates continue, in how many hours will the prices of the two stocks be the same?

Answers

Answer:

Try reading it pver. This is because they are too cashy. Like Duh

Step-by-step explanation:

The points (0,2), (1,3), (2,6), and (3,11) are on the graph of a function. Which of the following equations represents that function?
A.h(x)=x^2+2
B.h(x)=0.5x^2+1.5
C.h(x)=2x^2
D.h(x)=x+2

Answers

Given:

The points (0,2), (1,3), (2,6), and (3,11) are on the graph of a function.

To find:

The function.

Solution:

In option A,

[tex]h(x)=x^2+2[/tex]

Putting x=0, 1, 2, 3 respectively, we get

[tex]h(0)=(0)^2+2=2[/tex]

[tex]h(1)=(1)^2+2=3[/tex]

[tex]h(2)=(2)^2+2=6[/tex]

[tex]h(3)=(3)^2+2=11[/tex]

The function passes through the points (0,2), (1,3), (2,6), and (3,11). So, [tex]h(x)=x^2+2[/tex] is the required function.

In option B,

[tex]h(x)=0.5x^2+1.5[/tex]

At x=0,

[tex]h(0)=0.5(0)^2+1.5=1.5\neq 2[/tex]

So, option B is incorrect.

In option C,

[tex]h(x)=2x^2[/tex]

At x=0,

[tex]h(0)=2(0)^2=0\neq 2[/tex]

So, option C is incorrect.

In option D,

[tex]h(x)=x+2[/tex]

At x=2,

[tex]h(2)=(2)+2=4\neq 6[/tex]

So, option D is incorrect.

Therefore, the correct option is A.

If a pound of coffee costs 12. How many ounces can be brought for 3.90

Answers

32.5 is the right answer I believe

5 point
Aaron has $36.00 from doing yard work. He gave 1/4 of his $36.00 to his
brother Ryan. How much of his money is still leftover?

Answers

Answer:

$27 is left over.

Step-by-step explanation:

If you divide 36 by 4, you can find out what 1/4 of 36 is. 36/4 = 9

This $9 is how much he gave away to his brother. In order to find out how much he has leftover for himself, subtract the $9 from the $36.

36-9 = 27.

Therefore, Aaron has $27 leftover for himself.

A loss of 10 pounds, can u help me please ​

Answers

Answer:

B

Step-by-step explanation:

42 out of 90 is what percentage?

Answers

Answer=46.6

I hope this helps.

Answer:46.6%

Step-by-step explanation: multiply 42 by 100 than divide that by 90


Find the gradient of the line segment between the points (2,-3) and (-3,-8)

Answers

Answer:

1

Step-by-step explanation:

gradient=

[tex] \frac{ - 8 - ( - 3)}{ - 3 - 2} = \frac{ - 8 + 3}{ - 5} = \frac{ - 5}{ - 5} = 1[/tex]

Your car repair bill was $390. You were charged $215 for parts and $35 per hour for labor.
How many hours did the repairs take?

Answers

Answer:

5 hours

Step-by-step explanation:

subtract 390 by 215 to get 175 then divide 175/35 to get 5

Does 9x mean I multiply 9 times X?

Answers

Yes, but x must equals something in order to multiply it.

Answer:

yes

Step-by-step explanation:

One circle has a diameter of 6 inches. A second, larger circle has a diameter that is four times the diameter of the first circle. What is the ratio of the area of the smaller circle to the larger circle?

A 2:3
B 1:6.4
C 1:16
D 1:64

Answers

Answer:

Step-by-step explanation:

d₁ = 6 inches

r₁ = 3 inches

area = πr₁² = 9π in²

d₂ = 24 inches

r₂ = 12 inches

area = πr₂² = 144π in²

ratio of areas = (9π)/(144π) = 9/144 = 1/16

An inspector working for a manufacturing company hasa 99% chance of correctly identifying defective items and a 0.5% chance of incorrectly classifyinga good item as defective. The company has evidence that 0.9% of the items its line produce isnonconforming.(a) What is the probability that an item selected for inspection is classified as defective

Answers

Answer:

Step-by-step explanation:

From the given information:

Let A be the event where an item is identified as defective;

B₁ to be  the event where an item is actually defective

B₂ to be the event that the item is good

So;

P(B₁) = 0.009

P(B₂) = 0.991

Probability that an item is classified as defective when it is actually defective is P(A|B₁) = 0.99

Probability that an item is classified as defective when it is actually good is P(A|B₂) = 0.005

Probability of classifying a product as defective = P(A)

P(A) = P(A|B₁) × P(B₁) +  P(A|B₂) × P(B₂)

P(A) = 0.99 × 0.009 + 0.005 × 0.991

P(A) = 0.0139

P(A) = 1.39%

What is the total interest earned in two years on an account containing $500 at 3.5% interest, compounded annually?

Answers

Answer: $35.6125

Step-by-step explanation:

3.5% = 0.035

Let's find the deposit amount with interest at the end of the first year:

500 + 500 · 0.035 = 517.5

Let's find the amount of the deposit with interest at the end of the second year:

517.5 + 517.5  · 0.035 = 535.6125

Find the total interest earned over two years:

535.6125 - 500 = 35.6125

3/4(8x -4) is equivalent to 3x - 2 + 3x - 1
true or flase

Answers

Answer:

true

Step-by-step explanation:

in. 2 4 in. 5 in. 3 in.
whats the volume ​

Answers

Answer:

not sure what shape you meant need more info but it should be 360 inches

^3

Step-by-step explanation:

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