What is the total amount that will be repaid if the loan described is paid in 2 years?
$1,245 loan; 5% interest rate

Answers

Answer 1

Given:

Principal value of loan = $1,245

Rate of interest = 5%

To find:

The total amount that will be repaid if the loan described is paid in 2 years.

Solution:

The formula for amount is

[tex]A=P\left(1+\dfrac{r}{100}\right)^t[/tex]

Where, P is the principal, r is the rate of interest, t is the number of years.

Putting P=1245, r=5 and t=2, we get

[tex]A=1245\left(1+\dfrac{5}{100}\right)^2[/tex]

[tex]A=1245\left(1+0.05\right)^2[/tex]

[tex]A=1245\left(1.05\right)^2[/tex]

On further simplification, we get

[tex]A=1245(1.1025)[/tex]

[tex]A=1372.6125[/tex]

[tex]A\approx 1372.61[/tex]

Therefore, the total amount that will be repaid if the loan described is paid in 2 years is $1372.61.


Related Questions

Worth lots of points
What is the rule for the following geometric sequence? 64, -32, 16, -8
A: an=32(-1/2)^n-1
B:an=32(2)^n-1
C:an=32(1/2)^n-1
D:an=32(-2)^n-1

Answers

Answer:
Correct answer: aₙ = a₁ · 2ⁿ⁻¹
Step-by-step explanation:
Given: Geometric sequence
64, 128, 256, 512, .....
First term a₁ = 64
Second term a₂ = a₁ · 2 = 128
Third term a₃ = a₂ · 2 = a₁ · 2² = 256
Fourth term a₄ = a₃ · 2 = a₁ · 2³ = 512
...................................................
n - th term aₙ = a₁ · 2ⁿ⁻¹
God is with you!!!

Find the measure of the missing angle *

Answers

Answer:

≈ 49.9° and ≈ 71.0°

Step-by-step explanation:

Using the sine ratio in the right triangle

sin? = [tex]\frac{opposite}{hypotenuse}[/tex] = [tex]\frac{13}{17}[/tex] , then

? = [tex]sin^{-1}[/tex] ([tex]\frac{13}{17}[/tex] ) ≈ 49.9° ( to the nearest tenth )

----------------------------------------------------------------

Using the cosine ratio in the right triangle

cos? = [tex]\frac{adjacent}{hypotenuse}[/tex] = [tex]\frac{14}{43}[/tex] , then

? = [tex]cos^{-1}[/tex] ([tex]\frac{14}{43}[/tex] ) ≈ 71.0° ( to the nearest tenth )

Jake is rolling two dice and then finding the sum of the two results. What is the theoretical probability that he will have a sum greater than or equal to 9?

Answers

The highest amount you can get is 12, and since it is greater than it equal to, you would count 9, 10, 11, and 12. Your answer would be 4/12 or simplified 1/3

Helpppp pleaseeeee and could you put an explenation??? pleaseeee

Answers

Answer:

Step-by-step explanation:

The angles would be supplementary

45 + 5x + 35 = 180

5x + 80 = 180

5x = 100

x = 20

To find out why they are supplementary, refer to the transversal below

∠3 = ∠7 (corresponding angles)

∠8 = 180 - ∠7 (supplementary angles)

And since ∠7 = ∠3...

∠8 = 180 - ∠3 which is why (in the problem) those two angles are supplementary (adding to 180 degrees)

You earn 5000 with a annual raise of 250, how much will you earn in 3 years?​

Answers

Answer:

5750

Step-by-step explanation:

5000+250=5250

5250+350=5500

5500+250=5750


Which section of the graph is decreasing?

Answers

Answer:

I would go with answer B

Step-by-step explanation:

The starting of the decreasing is B and slowly decreases down to C

Eva took a taxi from her house to the airport. The taxi company charged a pick-up fee of $3.20 plus $3 per mile. The total fare was $33.20, not including the tip

Answers

Answer: 10 miles

Step-by-step explanation:

You can set this up as an equation where x will represent the number of miles charged. So if we know how much the pick up fee is, how much it is per mile and the total charge we can set up the equation as follows:

3.20 + 3x = 33.20

If we solve for x we will find out how many miles she traveled. So to do so we need to get x on one side and the other numbers on the other side of the equal sign. So to begin we'll subtract 3.20 from both sides:

3x = 30.00

and then divide both sides by 3:

x = 10

So she traveled 10 miles.

The Taxi ride was 10 miles.

What is an equation?

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

We can set an equation where x will represent the number of miles charged. So, the total charge we can set up the equation as follows:

3.20 + 3x = 33.20

If we solve for x we will find out the miles she traveled.

Then subtract 3.20 from both sides:

3x = 30.00

then divide both sides by 3;

x = 10

Therefore, she traveled 10 miles.

Learn more about equations here;

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what is the greatest common factor of 12 and 26

Answers

Answer:

2

Step-by-step explanation:

The greatest common factor is 2

Answer:

2

Step-by-step explanation:

2 is the greatest number that will go into both 12 and 26.

Hope this helps

- Please mark brainliest :)

HELP ME PLSS BRAINIEST

Answers

(x-7)^2 = 12
Explaination: it’s the answer trust me on this one :D
I just need points but u already got ur answer so yeah have a nice day :)

which function represents the data

Answers

There is nothing attached
Where is the photo????

There are 32 females in a dance recital. This is the ratio men to women 3:8. How many men are at the dance recital????

Answers

Answer:

12

Step-by-step explanation:

Answer:

there are 12 men

Step-by-step explanation:

men:3×4=12

woman:8×4=32

Choose the graph of the equation y=2.5x

Answers

Answer:

I think it's A( i edited)

Step-by-step explanation:

Bc at the end of the arrow on A it ends at 2.5 which fits the equation y=2.5x

Answer:

The answer is A.

Step-by-step explanation:

need to pass this class please help!

Answers

Answer:

a=65

Step-by-step explanation:

in a right angle theres 90 degrees.

90-25=65

That’s a complementary angle. Which means it adds up to 90 degrees. So to find the missing angle. Take what you have for both angles and add them up to equal 90 degrees:
25+a=90
a=65
Now to double check if the two angles add up to 90 degrees:
25+65=90
65 is the missing angle

Nirvany went on a 65,000 m hike. She divided the distance traveled evenly over 5 days. Approximately how many miles did Nirvany walk each day?

Answers

Answer:

13000m

Step-by-step explanation:

Given data

Total distance travelled=  65,000

Number of days= 5 days

Hence the distance covered per day is

= 65,000/5

=13000m

Therefore the distance covered per day is 13000m

What’s 3 square root of 8

Answers

Answer:

2

Step-by-step explanation:

[tex]\sqrt[3]{8} = 2[/tex]

Answer:

2

Step-by-step explanation:

THE answer is 2

2cube

=2x2x2

=8

Nora is a high school basketball player. How many points would Nora score in a game if she made 4 free throws (worth one point each) and 2 three point shots? How many points would Nora score in a game if she made x free throws and y three point shots?

Answers

Answer:

10

Step-by-step explanation:

4(1)+2(3)=10

Nora would score 10 and for  x free throws and y three point shots x + 3y.

What is linear Equation?

When graphed, a linear equation always produces a straight line because it is an algebraic equation with each term having an exponent of 1. It is referred to as a "linear equation" for this reason.

One-variable linear equations and two-variable linear equations exist.

Given

points on free throws = 1

points on 4 free throws = 4x1 = 4

and  points on 2 three point shot = 2x3 = 6

total points are 4 + 6 = 10

and if she made x free throws then points are = 1x

and for y three point shots = 3y

total points for x free and y three point shots

x + 3y

Hence the points are 10 and x + 3y.

Learn more about linear Equation;

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There are seven nickels and seven dimes in your pocket. You randomly pick a coin out of your pocket and place it on a counter.

Answers

Answer:

3/13

Step-by-step explanation:

Here is the full question

There are seven nickels and seven dimes in your pocket. You randomly pick a coin out of your pocket and place it on a counter. Then you randomly pick another coin. Find the probability that both coins are nickels.

Because there is no replacement, after you pick the first coin, the number of coins in your pocket becomes 13 and the number of nickels in your pocket becomes 6

probability that both coins are nickels = probability that the first coin is a nickel x probability second coin is a nickel

7/14 x 6/13 = 3/13

A group of friends went to lunch. The bill, before sales tax and tip was $35.55. A sale tax of 6% was added. The group then tipped 15% on the amount after the sales tax was added. What was the amount, in dollars, of the total cost?

Answers

I did the math and I think it is $62.20??

Answer:

about $43.34 rounded to the nearest tenth

Step-by-step explanation:

First add 6% of 35.55 to 35.55

35.55x1.06=37.683

This is the price after tax

Next add the percentage of tax to 37.683

37.683x1.15=43.335

Rounded to the nearest cent and your final answer is $43.34

solutions for (x-1)(x+1)=0 range is -5 to 5

Answers

Answer:

x=1,x=-1

Step-by-step explanation:

You can seperate it for a better understanding of the equation: (x-1)=0, (x+1)=0. x=1,-1

One of the legs of a right triangle measures 6 cm and its hypotenuse measures 10 cm. Find the measure of the other leg. If necessary, round to the nearest tenth.

Answers

Answer:

let base = 6cm

perpendicular =x cm

hypotenuse =10cm

by using Pythagoras law

hypotenuse ²=perpendicular ²+base²

10²=x²+6²

100-36=x²

x=√64=8cm

the measure of the other leg is 8cm

The measure of the other leg of the right triangle is equal to 8 cm.

Let the other leg of the right triangle be the opposite side.

Given the following data:

Adjacent = 6 cmHypotenuse = 10 cm

To find the measure of the other leg, we would apply Pythagorean's theorem:

Mathematically, Pythagorean's theorem is given by the formula;

[tex]Hypotenuse^2 = opposite^2 + adjacent^2[/tex]

Substituting the given parameters into the formula, we have;

[tex]10^2 = opposite^2+6^2\\\\100= opposite^2+36\\\\Opposite^2=100-36\\\\Opposite^2=64\\\\Opposite=\sqrt{64}[/tex]

Opposite = 8 cm

Read more: https://brainly.com/question/14930619

The graph below shows Lisa's distance from her home (y), in miles, after a certain amount of time (x), in minutes:

Graph titled Lisas Distance Vs Time shows 0 to 10 on x and y axes at increments of 1. The label on x axis is time in minutes and that on y axis is Distance from Home in miles. Lines are joined at the ordered pairs 0, 0 and 1, 0.5 and 1.5, 1 and 2, 2 and 3, 2 and 4, 2 and 5, 3 and 6, 4 and 7, 5 and 8, 6.

Four students described Lisa's motion, as shown in the table below:


Student Description
Greg She drives at a variable speed for 2 minutes, then stops at a crossing for 2 minutes, and finally drives at a constant speed for the next 4 minutes.
Sam She drives at a variable speed for 2 minutes, then stops at a crossing for 4 minutes, and finally drives at a constant speed for the next 8 minutes.
Jane She drives at a variable speed for 2 minutes, then drives at a constant speed for the next 2 minutes, and finally drives at a variable speed for the next 4 minutes.
Pam She drives at a variable speed for 2 minutes, then drives at a constant speed for 4 minutes, and finally drives at a variable speed for the next 8 minutes.


Which student most accurately described Lisa's motion?
Greg
Sam
Jane
Pam

Answers

Answer:

Greg

Step-by-step explanation:

Greg shows the correct description of Lisa's distance vs time graph .

What does a straight horizontal line mean on a distance time graph?

A horizontal line on a distance-time graph shows that the object is stationary (not moving because the distance does not change) A sloping line on a distance-time graph shows that the object is moving.

According to the question

Graph titled Lisa's Distance Vs Time shows 0 to 10 on x and y axes at increments of 1.

Lines are joined at the ordered pairs

(0, 0 )

( 1, 0.5 )

(1.5, 1)

(2, 2 )

( 3, 2)

( 4, 2)

(5, 3)

( 6, 4)

( 7, 5)

( 8, 6)

now , As per distance time graph  points

(0, 0 ) to (2, 2 ) .shows She drives at a variable speed for 2 minutes,

(2, 2 ) to ( 4, 2) shows then stops at a crossing for 2 minutes, (horizontal line)

( 4, 2) to ( 8, 6) finally drives at a constant speed for the next 4 minutes.(straight line shows uniform motion)

Hence, Greg shows the correct description of Lisa's distance vs time graph .

To know more about distance time graph here:

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What is the solution of the system?
2x + 5y = 14
2 + 3y = 16

pls help

Answers

Answer:

x=-14/3,y=14/3 but if there is x at the second wan.then,x=19/2,y=-1

This is for algebra 1

Answers

Answer:

domain :- (-4, 1, 4,5)

Range:- (-3,0,0,2)

Step-by-step explanation:

Answer:

domain :- (-4, 1, 4,5)

Range:- (-3,0,0,2)

Hope this helps! :)

a^2-36=5a

A. {4,-9}
B. {5+√61/2, 5-√61/2}
C. No solution
D. {9,-4}

Answers

Answer:

D

Step-by-step explanation:

Given

a² - 36 = 5a ( subtract 5a from both sides )

a² - 5a - 36 = 0

Consider the factors of the constant term (- 36) which sum to give the coefficient of the a- term (- 5)

The factors are - 9 and + 4 , since

- 9 × + 4 = - 36 and - 9 + 4 = - 5 , then

(a - 9)(a + 4) = 0 ← in factored form

Equate each factor to zero and solve for a

a - 9 = 0 ⇒ a = 9

a + 4 = 0 ⇒ a = - 4

solution is { - 9, 4 } → D

1) The base of a 10-ft ladder stands 6 feet from the base of a house. Will the ladder reach 7 feet
high? Justify your answer.
10 ft
6 ft

Answers

phytagoras theorem
a^2 + b^2 = c^2
where c is the hypotenuse; angle between a and b is 90 degrees.
In this case, c = 10 ft
Say a = 6 ft
then find b
6^2 + b^2 = 10^2
b^2 = 100 - 36 = 64
b = 8 ft
So yes, it will reach over 7 feet

PLEASE HELP!! URGENT!! Rubi tosses a quarter off the Main Street bridge into the St. John's River. The distance, in feet, the quarter is above the water is modeled by the equation -16t^2+96t+112d ( t ) = − 16 t 2 + 96 t + 112, where t represents time in seconds. How much time does it take for the quarter to hit the water?

Answers

Answer:

5

Step-by-step explanation:

there are four different categories / types of slope. write whether the slope is undefined, positive, negative, or zero.​

Answers

Answer:

zero!

Step-by-step explanation:

Always remember up and down is undefind and side to side is 0!!

Pls need help thank you

Answers

Answer:

∠POM and ∠POR

Step-by-step explanation:

Step-by-step explanation:

angle POM and angle QRT

Jack earned $ 172,874 in 6 months. On an average, about how much did he earn each month?

Answers

Answer:

172,872÷6=28,812.33 I believe this is the answer

Would a prism with a volume of 36 be the same if built with centimeter cubes, inch cubes, or foot cubes?

Answers

Answer:

Yes

Step-by-step explanation:

It is given that a prism is built that have a volume of 36.

Now if the prism is rebuild with either centimeter cubes or the inch cubes or foot cubes will have the same volume of 36 as the volume here is constant. The centimeter cubes used to build the prism will be smaller in size and will require more of the cubes to build the cube for a volume of 36.

Similarly, if we take inch cubes or the foot cubes, to build a prism having a volume of 36, we need to take less number of the cubes accordingly.

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