If $25,000 is borrowed with an interest of 8.0% compounded annually, what is the total amount of money needed to pay it
back in 10 years?
Round your answer to the nearest cent.
Do NOT round until you have calculated the final answer.

Answers

Answer 1

Answer: $45,000= Interest

Total= 45,000+ P. P=25000

=70000

Step-by-step explanation:

Answer 2

The total amount of money $53,973 is needed to pay it back in 10 years.

What is compound interest rate?

Compound interest is computed as interest on the principle of an account plus any accrued interest.

Compound interest can be calculated using the following formula:

x = P (1+r/n[tex]) ^{nt}[/tex] - P

,where x = compound interest

P = principal (the initial deposit or loan amount)

r = annual interest rate

n = the number of compounding periods per unit of time

t = the number of time units the money is invested or borrowed for

The given principal amount is  $25,000.

And an interest of 8.0% compounded annually.

And time period is 10 years and n = 1.

x = 25000 ( 1 + 8/10 )¹⁰ - 2500

x = $53973.12

x = $53,973

Therefore, the total amount of money $53,973 is needed to pay it back in 10 years.

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Related Questions

what is the area of the figure shown?

Answers

Answer:

The are of the figure is 28 cm

Step-by-step explanation:

I did the measurements for each individual figure, and added them together

What is a counterexample for 3/4 and 6/8

Answers

Answer:

While 3/4 and 6/8 are equivalent fractions, 3/4 and 6/8 of a pizza could represent different amounts.

2. Find the radius of a sphere of surface area 34 cm.​

Answers

Answer:

r= 1.64

Step-by-step explanation:

for the following exercises, identify the type of data that would be used to describe a response (quantitative discrete, quantitative continuous, or qualitative), and give an example of the data.
14. distance to the closest movie theater
16. number of competing computer spreadsheet software packages

Answers

Answer:

14: quantitative continuous

16: quantitative discrete

Step-by-step explanation:

Distance can be any non-negative real number, hence it is continuous.

The number of packages has to be a positive integer, hence is discrete.

HELP ME PLEASE!!!!!!!!!!!​

Answers

Answer:

y - 7 = 5/4(x - 3)

Hope that helps

Answer:

welcome

Step-by-step explanation:


Write an equation of the line through (-2, - 1) having slope
8/7?

Answers

Answer:

When slope and one point are known follow instructions on this page:

http://www.1728.org/distance.htm

Calculate "b" from this equation:

b = y -mx where "m" is the slope

We'll use the point given (-2, -1) for "x" and "y"

b = -1 -(8/7) * -2

b = -1 + 16/7

b = 9/7

then we enter "b" and the slope into this equation

y = 8/7x +9/7

y = 1.142857 x + 1.2857142857

Step-by-step explanation:

It takes Brian 7 weeks to save
420 dollars. At this rate how
much will he have saved after ||
weeks?

Answers

He will save 120 dollars

can you help me in that problem​

Answers

Answer:

(x - 10, y - 13)

Step-by-step explanation:

We have two shapes on a graph and the question is asking for the translation of rhombus QRST to rhombus Q'R'S'T.

Looking at the graph we can see that not only does the rhombus move backwards, but also downward, this indicates that our answers will be in a subtracting symbol.

So all we have to do is count the amount of spaces rhombus QRST went to get to rhombus Q'R'S'T

checK if x=2 is a solution of a) 7x+5=21 b 2*-2=2

Answers

Answer:

First, substitute x for 2 in 7x+5=21.

7 * 2 = 14 + 5 = 19

x = 2 is not a solution of 7x+5=21.

at the end of the day, oranges at a farm market sell for $2.25 per pound and baskets cost $4.00. if serena wants to buy a basket and spend at most $22 total, how many pounds of oranges can she buy

Answers

Answer:

So if im entirely correct you said

Step-by-step explanation:

deeznutz

what is the expanded form of .039

Answers

Answer:

0.039

Step-by-step explanation:

Expanded Notation Form:

0.039 =

 0  

+   0.0

+   0.03

+   0.009

Expanded Factors Form:

   0.039 =

 0 × 1  

+ 0 ×   0.1

+ 3 ×   0.01

+ 9 ×   0.001

Expanded Exponential Form:

 0.039 =

0 × 100

+ 0 × 10-1

+ 3 × 10-2

+ 9 × 10-3

Those are the way you can express .039 in different expanded forms

Hope this helps

Michael paid $10 for a six-pack of socks at the store. How much would one pair of those socks cost?

Answers

10/6 = 1.6666... per sock
so $1.67

Review the graph.

On a coordinate plane, a vector has origin (0, 0) and terminal point (negative 2, negative 1).

What is the approximate direction angle of the vector shown?

Group of answer choices

207°

63°

243°

27°

Answers

Answer:207

Step-by-step explanation: i just am really good at math

In a math class with 26 students, a test was given the same day that an assignment
was due. There were 17 students who passed the test and 18 students who completed
the assignment. There were 15 students who passed the test and also completed the
assignment. What is the probability that a student who failed the test completed the
homework?

Answers

Answer:

The propability would be 4/26 students who failed the test but completed the

homework

Step-by-step explanation:

The Probability that a student who failed the test completed the homework is [tex]\frac{3}{26}[/tex]

What is  Probability?

Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur,

Given,

Total number of students = 26 students

Number of students who completed the assignment = 18 students

Number of students who pass the test and also completed the assignment = 15 students

Number of students who completed the assignment and fail the test = 18 -15 = 3 students

Then,

Probability =  Number of favorable outcome / Total number of outcome

Probability that a student who failed the test completed the homework = [tex]\frac{3}{26}[/tex]
Hence, The Probability that a student who failed the test completed the homework is [tex]\frac{3}{26}[/tex]

Learn more about Probability here

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[tex]\frac{1}{x {}^{2} - 3 } = \frac{ \sqrt{3} }{x + \sqrt{3} } - \frac{2}{ \sqrt{3} - x } [/tex]
can someone please solve this?

Answers

Answer:

[tex]\boxed{\textsf{ The value of x is \textbf{ 8 + 6}$\sqrt{3 }$.}}[/tex]

Step-by-step explanation:

Here we are given a equation which we need today simplify and solve for x .The given equation to us is :-

[tex]\sf\implies \dfrac{1}{x {}^{2} - 3 } = \dfrac{ \sqrt{3} }{x + \sqrt{3} } - \dfrac{2}{ \sqrt{3} - x } [/tex]

Let's simplify the equation :-

[tex]\sf\implies \dfrac{1}{x {}^{2} - 3 } = \dfrac{ \sqrt{3} }{x + \sqrt{3} } - \dfrac{2}{ \sqrt{3} - x } \\\\\sf\implies \dfrac{1}{x^2-3}=\dfrac{\sqrt3}{x+\sqrt3}-\dfrac{2}{-(x-\sqrt3)}\\\\\sf\implies \dfrac{1}{x^2-3}=\dfrac{\sqrt3}{x+\sqrt3}+\dfrac{2}{x-\sqrt3}\\\\\sf\implies \dfrac{1}{x^2-3}=\dfrac{\sqrt3(x-\sqrt3)+2(x+\sqrt3)}{(x+\sqrt3)(x-\sqrt3)}\\\\\sf\implies \dfrac{1}{x^2-3}=\dfrac{\sqrt3x-3+2x+2\sqrt3}{x^2-3}\\\\\sf\implies 1=\sqrt3x-3+2x+2\sqrt3 \\\\\sf\implies \sqrt3x+2x = 4-2\sqrt3\\\\\sf\implies x(\sqrt3 +2)=4-2\sqrt3\\\\\sf\implies x =\dfrac{4-2\sqrt3}{\sqrt3+2}\\\\\sf\implies x =\dfrac{ (4-2\sqrt3)(\sqrt3-2)}{(\sqrt3+2)(\sqrt3-2)}\\\\\sf\implies x =\dfrac{-8-6\sqrt{3}}{3-4}\\\\\sf\implies \boxed{\pink{\sf x =8+6\sqrt3}}[/tex]

Can someone please answer the last one

Answers

He cannot run 5km in 15.25 minutes

Select all that apply.

Choose all the metric units of length.

millimeter
kilometer
kilogram
mile
meter
centimeter
inch
liter

Answers

Answer:

a,b,c,e,h

Step-by-step explanation:

Answer:

millimeters, centimeters, meters, and kilometers

Step-by-step explanation:

These are the metric units that measure length. The question throws you off and answers that are metric that measure weight as well but the question asks for metric that measures length.

what is 0.1 as a fraction

Answers

Answer:

1/10

Step-by-step explanation:

andre and Elena are each saving money. Andre starts with $100 in his savings account
nd adds $5 per week. Elena starts with $10 in her savings account and adds $20 each
jeek.
1. Write an equation in y= mx + b form to represent at what rate Elena and Andre are
aving their money.
Y=mx+b

Answers

Answer:

Andre  y=5x+100

Elena y=20x+10

the rate Elena is 20

the rate  Andre is 5

Step-by-step explanation:

Which of these is a Pythagorean triple?
11,60,62
6,8,15
5,11,12
18,80,82

Answers

Answer:

18,80,82

Step-by-step explanation:

82^2= 6724

18^2+80^2= 6724

The square of the largest number is equal to the sum of the squares of the two smaller numbers.

Solve the system by substitution.
8x – y = 42
-43 - 6 = y

Answers

Answer:

x = .875 y = -49

Step-by-step explanation:

(8x - y = 42)

(y = -43 - 6) or (y = -49)

Since we have our y value, we can plug it into our top equation:

8x -(-49) = 42

8x + 49 = 42

      -42   -42

8x = 7

/8    /8

x = 0.875

To check the work:

8(0.875) - 49 = 42

7 - 49 = 42

HOMEWORK HELP!

model this sine function into a cosine function.

sine function: 67.5sin12(x-7.5)+67.5​

Answers

Answer:

67.5sin12(x - 7.5) + 67.5

= 67.5[sin 12(x - 7.5) + 1]

= 67.5[sin(12x - 90) + 1]

= 67.5[ sin(12x)cos90 - cos(12x)sin90 + 1]

= 67.5[ -cos12x + 1]

= 67.5 - 67.5cos12x

Step-by-step explanation:

Answer:

that is by graph and solving steps

Step-by-step explanation:

hope it helps

If the m<1 is 34 degrees and the m<2 is 75,what is the m<3?

Answers

if its a triangle

m1 + m2 + m3 = 180

34 + 75 + m3 = 180

109 + m3 = 180

m3 = 180-109

m3 = 71°

Thirty is 150% of what number?

Answers

Answer

thirty is 150% of 20 :)

Answer:

the answer is 45 hope this helps

plz plz plz HELP!
Based on the values in the table below, find the slope and y-intercept to write the equation of the line in the form y=mx+b ​

Answers

Answer:

y=11x

Step-by-step explanation:

ΔX = 2 – 1 = 1

ΔY = 22 – 11 = 11

David is looking for the best deal on a laptop that regularly costs $719. Help him compare the price of the laptop at a
store with the price on the store's website by completing the following.
(a)
The store's website is offering the laptop at a 60% discount off the regular price. Ignoring tax and shipping, how
much would he pay for the laptop on the store's website?
(b)
The store is having a sale, offering a 50% discount off the regular price of the laptop. David also has an
in-store-only coupon for an additional 10% off the sale price. Ignoring tax, how much would he pay for the laptop
at the store?
so
(c)
Select the true statement.
David would pay more for the laptop on the website.
David would pay more for the laptop at the store.
David would pay the same amount at the store and on the website.
Continue
Continue
2021 McGraw-Hill Education. All Rights Reserved. Terms of Us

Answers

Answer:

A) $287.60.

B) $323.55.

C) David would pay more for the laptop at the store.

Step-by-step explanation:

A) Given that the store's website is offering the laptop at a 60% discount off the regular price of $ 719, ignoring tax and shipping, the sale price is obtained through the following calculation:

100 - 60 = 40

719 x 0.40 = X

287.6 = X

Therefore, in this case the sale price would be $ 287.6.

B) Since the store is having a sale, offering a 50% discount off the regular price of the laptop, and David also has an in-store-only coupon for an additional 10% off the sale price, ignoring tax, the price of sale is obtained through the following calculation:

(719 x 0.5) x 0.9 = X

359.5 x 0.9 = X

323.55 = X

Thus, the sale price in the present case would be $ 323.55.

1
#2 Solve for p.
186 = 6p
2

Answers

Answer:

31is your answer

186 = 6p

p=186/6=31

1/4 written as a percentage​

Answers

Step-by-step explanation:

1/4 in percentage

= 1/4 * 100%

= 25%

Answer:

4/4=100%

1/4=100÷4

   = 25%

Check my work?
i’ll mark brainliest:)

Answers

yes, you’re right. .

Answer:

looks good to me good job! :D i need 4 brainlits

Step-by-step explanation:

look at the picture and pls hurry i’m failing algebra and this will help a lot

Answers

UmumumumumumumumumumumumuAnswer:

Step-by-step explanation:

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