A college student takes out a $7 500 loan from a bank. Assuming the student has not started paying back the money, how much does the student owe . . .

1.1 . . . after 1 year, if the bank charges 3.8% interest each year?

Answers

Answer 1

The key to these questions is to understand the compounding. In this case, they are telling you the banks compound annually.

So the time period in the compounding equation is YEARS.

The compounding equation is:

(Future Loan Amount) = (Current Loan Amount) * (1 + the interest rate of the time period in decimals) ^ (number of time periods)

(Use this for all future questions too - if compounding monthly then time period is total number of months and interest rate is annual rate divided by 12 etc)

So in this case the answer is:

(Future Loan Amount) = (Current Loan Amount) * (1 + the interest rate of the time period in decimals) ^ (number of time periods)

(Future Loan Amount) = $7,500 * (1 + 0.038) ^ (11) = $11,304

(note - when answering its hard to see the original question. I believe the answer asked for 11 years. If not, if 1 year, etc just plug in that number into the equation - so one year is simply: 7500*1.038 = $7,785

Related Questions

can someone please help me with how to find the perimeter and area of this

Answers

Answer:

Perimeter = 68ft

Area = 289ft²

Step-by-step explanation:

The lines on each side mean that they are all the same length - this shape is a square.

To find the perimeter, do 17 + 17 + 17 + 17 or 17 × 4. This gives you 68ft.

To find the area, you multiply the length and width → 17 × 17 = 289ft²

Hope this helps!

Help please
1. What equation is in this figure?
y + 1 = -2/3(x - 3)
y - 3 = 3/2(x + 1)
y + 2 = -3/2(x - 2)
y - 4 = -2/3(x + 2)

Answers

i think it is y+2 = -3/2(x-2)

it would be the 3rd one!

HELP ME PLEASE!
State the domain and range of the relation. (2 points) Then, determine if the relation is a function and state the reason why or why not. (2 points)
y= 2x - 3

Answers

Domain is (-♾, ♾)
Range is (-♾, ♾)

Given g(x)=-x-2g(x)=−x−2, find g(3)

Answers

answer:
-3 - 6g = 1
explanation:
just substitute 3 for ever x in the problem

What is the value of x in this equation? Enter your answer in the box.

(2.4 × 103) × (3 × 10x) = 7.2 × 109

Answers

Answer:

17.92

Step-by-step explanation:

4.

Is the relationship shown by the data linear? If so, model the data with an equation.

A. The relationship is linear; y + 2= -5/4(x + 9).
B. The relationship is not linear.
C. The relationship is linear; y + 2= 4/5(x + 9).
D. The relationship is linear; y + 9= -4/5(x + 2).

Answers

Answer:

D. The relationship is linear; y + 9= -4/5(x + 2).

Step-by-step explanation:

yes its linear because the x values increase by a constant value 4 and the y values by a constant value -5.

one general form for a linear equation is

y - y1 = m(x - x1) m = slope and (x1,y1) is a point on the line

from the data the slope iis (-7-(-2)) / (-5-(-9) = -5 / 4

so using the point (3, -17):-

y - (-17) = (-5/4) ( x - 3)

y + 17 = -5x/4 + 15/4

4y + 68 = -5x + 15

4y = -5x - 53

thats the equation of the line

To make green paint, students mixed yellow paint with blue paint. The table below shows how many yellow and blue drops from a dropper several students used to make the same shade of green paint. Complete the table.

Answers

I know that the first box on the right would be 8 3/4 but I’m unsure about the rest

HELP ASAP PLEASE

If the bowling fans get their way, and the group plays only 1 game of laser tag, will they have
enough money to bowl 5 games? Use your expression from question 3 to calculate the cost of 1
game of laser tag and 5 games of bowling. (3 points: 1 point for the answer, 1 point for showing
your work, and 1 point for answering the question

Answers

x+yz : is the answer to your question.

Find 0% of 104 delta math

Answers

Answer:

Step-by-step explanation:

1. 0% can be written as 0/100, and "of" indicates we need to multiply 0/100 by 104.

[tex]\frac{0}{100}*104[/tex] [tex]0 * 104[/tex] [tex]0[/tex]

Therefore, 0% of 104 is 0.

[tex]\frac{4}{\sqrt{5}-1 } -\frac{4}{\sqrt{5}+1\\ }[/tex]

Answers

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[tex]join \: bunny \: squad[/tex]

btw,, the formula you insert is incorrect:)

Answer:

haysst pa brainliest po

salamat sa ponts

Given M ,N find the value of x

Answers

Answer:

x = 59 , y = 44

Step-by-step explanation:

(2x + 18) and (x - 15) are adjacent angles on a straight line and sum to 180°

2x + 18 + x - 15 = 180 , collect like terms

3x + 3 = 180 ( subtract 3 from both sides )

3x = 177 ( divide both sides by 3 )

x = 59

Then

x - 15 = 59 - 15 = 44

y and (x - 15) are corresponding angles and are congruent , then

y = 44

Can you determine each slope-intercept equation and type the correct code? Please remember to type in ALL CAPS with no spaces.

Once AGAIN!

Answers

Answer:

Step-by-step explanation:

70 POINTS PLEASE HELP GIVING BRAINLIEST

Sally bought the pizza that was shown above for lunch, which was cut into 10 equal slices, what percentage of the pizza did sally eat if she had four slices?

Answers:
20%

30%

40%

50%

Answers

Answer:

the answer would be 40%.

Which number is greater?
2.2 or 15/4 (it is a fraction)

Answers

Answer:

15/4

Step-by-step explanation:

15 divided by 4 = 3.75

3.75 is greater than 2.2

Answer:

15/4

Step-by-step explanation:

2.2=22/10=44/20<15/4=75/20

jamal plans to save for a new scooter that costs 48 dollars. the sales tax rate is 5% how much will jamal need to save

Answers

50.40 is the answer

Can someone please PLEASE tell me the answer to this

Answers

Answer:

Step-by-step explanation:

The product of a number and twenty-seven.

Answers

Answer:

27+a

Step-by-step explanation:

The answer is A × 27 product means multiplication and when a problem says “a number” you must put a variable in place of the missing number.

for f(x)=5x+1 find f(-4)

Answers

Answer:

-19

Step-by-step explanation:

f(-4) = 5(-4)+1 = -20+1 = -19

(ii) Explain why a+b+c= 235°
This is a cornet maths question. How do I solve it

Answers

Answer:

Where is the image?

Step-by-step explanation:

Tell me in comments

The equation a + b + c = 235 is true because a = c = 55° and b = 125°

How to prove that a + b + c = 235?

The angle a and 125° are on the same straight line.

So, we have:

a + 125° = 180°

Subtract 125 from both sides

a = 55°

The angle b and 125° are vertical angles

So, we have:

b = 125°

The angle a and angle a are vertical angles

So, we have:

c = a

This gives

c = 55°

Add the three angles

a + b + c = 55° + 125° + 55°

Evaluate the sum

a + b + c = 235°

Hence, it is true that a + b + c = 235°

Answers

Answer:

900

Step-by-step explanation:

there are 60 seconds in a minute. times fifteen (the number of minutes) by 60(the number of seconds in a minute) to get how many seconds.

60*15=900

hope this helps!

61,483
Х
13
Show your work

Answers

Answer:61,493

Step-by-step explanation:

I just used a calculator

I will mark brainly if correct

Answers

I believe option 3 is the correct answer! Multiply the (days) by 37.5!

What is the first step to simplify the expression 5x – x(2 – 3x) + 2?
combine all like terms
simplify inside the parentheses
square the binomial
distribute –x to the terms inside the parentheses

Answers

Answer:

distribute -x to terms inside the parentheses

I need a step by step explanation, please.

Answers

Answer:

MAG SEARCH KAPO KASI PARA MALAMAN NIYO

Find the perimeter of the triangle.

Answers

Answer:

Step-by-step explanation:

write the exponential equation given a starting value of 7.5 and a decay rate of 7.5%

Answers

Answer:

A used car has a value of $15,250 when it is purchased in 2012. The value of the car decreases at a rate of 7.5% per year.

Write an exponential function that models the value of the car, y, over x years.

To the nearest cent, what will be the value of the car after eight years?

Step-by-step explanation:

John has 4 milligrams of copper and 0.76 milligram of lead.
How much more copper does he have than lead?
A
3.24 milligrams
B 32.4 milligrams
C 4.76 milligrams

Answers

Answer:

A 3.24 milligrams

Step-by-step explanation:

4 milligrams of copper - 0.76 milligrams of lead = 3.24 milligrams.

brainliest please. . . .

neeeeeeed heeeeeelp pleaseeeeeeeee

Answers

Answer:

Step-by-step explanation:

Hope this is correct and helps

Answer:

Step-by-step explanation:

I'm not completely sure but A is constant cuz it don't move B is increasing C is same as A and D Is decreased

The points in the table lie on a line. Find the slope of the line.

Answers

Slope is 2 keystrokes keystrokes

Answer:

[tex] - \frac{4}{5} [/tex]

Step-by-step explanation:

Slope of line

[tex] = \frac{ - 6 - ( - 8)}{ - 5 - ( - 2.5)} \\ \\ = \frac{ - 6 + 8}{ - 5 + 2.5} \\ \\ = \frac{2}{ - 2.5} \\ \\ = - \frac{20}{25} \\ \\ = - \frac{4}{5} [/tex]

The perimeter of a triangle is (x
3 + 2x
2 − x − 1) cm. The lengths of two sides are

(7x
3 + 12x − 7) cm and (2x
3 − 3x
2 + 5x − 11) cm. Find the length of the remaining side of

the triangle.

Answers

Step-by-step explanation:

A=7x+3+13x-7

B=2x+3-3x

P=x+3+2x+2-x-1(hope those are the numbers)

C=?

7x+3+13x-7+2x+3-3x+C=x+3+2x+2-x-1

22x-1+C=2x+4

C=2x+4-22x+1

C=-20x+3

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A college student takes out a $7 500 loan from a bank. Assuming the student has not started paying back the money, how much does the student owe . . . 1.1 . . . after 1 year, if the bank charges 3.8% interest each year?

Answers

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A college student takes out a $7 500 loan from a bank. Assuming the student has not started paying back the money, how much does the student owe . . .

1.1 . . . after 1 year, if the bank charges 3.8% interest each year?