Avram borrows $14,500 at 5.4% simple interest to open a small business. His bank allows him 9 years to pay back the loan. How much simple interest will Avram have to pay on the loan?

Answers

Answer 1

Answer:

Avram will have to pay $7,047 simple interest

Step-by-step explanation:

Simple Interest

Definition: Interest calculated on the original principal only of a loan or on the balance of an account.

Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.

The interest earned is calculated as follows:

I=A.r.t

Where:

I = Interest

P = initial principal balance

r = interest rate

t = time

Avram has a principal of P=$14,500 at a simple rate of r=5.4%=0.054 for t=9 years, thus:

I=14,500*0.054*9=7,047

I=$7,047

Avram will have to pay $7,047 simple interest

Answer 2

Answer:

$7,047 simple interest


Related Questions

A real estate sales agent receives a salary of $250 per week plus a commission of 2% of sales.
a. Identify the Slope m _________
b. Identify the initial value b ________________
c. Write an equation that gives the weekly income y in terms of sales x ______________.
d. What is his weekly income if the sales were $600.00?

Answers

Answer:

a. The slope m is 0.02

b. The initial value b is 250

c. y = 0.02x + 250

d. His weekly income is $262  if the sales were $600.00

Step-by-step explanation:

the form of the linear equation is y = m x + b, where

m is the slope (rate of change)b is the y-intercept (constant amount)

∵ A real estate sales agent receives a salary of $250 per week

→ This is a fixed amount every week

b = 250

∵ They give a commission of 2% of sales

→ This value depends on the sales (rate of change)

∵ 2% = 2 ÷ 100 = 0.02

m = 0.02

a. The slope m is 0.02

b. The initial value b is 250

y represents the weekly income

x represents the sales

∵ m = 0.02 and b = 250

∴ The equation is y = 0.02x + 250

c. y = 0.02x + 250

∵ The sales were $600.00

x = 600

→ Substitute it in the equation to find y

∵ y = 0.02(600) + 250

∴ y = 12 + 250

y = 262

d. His weekly income is $262  if the sales were $600.00

I'm using system of equations and I have to use either substitution or elimination. My two equations are

2x - 6y = 13
8x - 24y = 8​

Answers

You can multiply the equation of 2x by 4 so you can cancel out 8x
Here’s the explanation and answer with both of the methods :)

Find the value of X.

Answers

Answer:

x = 9

Step-By-Step Explanation:

1. 3x + 5 + 6x + 4 = 90

2. 9x + 9 = 90

3. 9 + -9

4. 90 + -9

5. 9x = 81

6.  x= 9                              Substituting X:

                                        3 X 9 + 5 = 27 + 5 = 32

                                        6 X 9 + 4 = 54 + 4 = 58       58 + 32 = 90, so X = 9

                                       

Answer:

Step-by-step explanation:

The reason I say the answer above is wrong is because their answer equals up to a angle of 100 degrees however your angle is equaling up to 90 degrees. First off we know this angle is going to be 90 degrees right so we put it into the eqution:

=90

but we don't know what x is in order to solve the degrees that add up to 90, so since these equations add up to 90 we put them into the equation:

(3x + 5)+ (6x + 4) = 90

we then add all the numbers that have the same variables or are simply numbers in the equation

3x + 6x and 5 + 4 to get 9x + 9 = 90

we then subtract 9 from both sides (because what you do to one side you do to the other) to get 81

the equation now looks like this: 9x = 81 so now we divide 9 from both sides to get x = 9

Now how do we know if x is really 9 well we plug it into the equations (3x + 5) and (6x + 4) making them look like this (3(9) + 5) and (6(9) + 4)

and you get (3(9) + 5)= 32

                     (6(9) + 4)= 58

and when you add them together you get 90

32 + 58 = 90

Sorry it took so long to answer back. I hope this helps you

3 equivalent ratios for 1/10

Answers

Answer:

So just as a fraction of 3/30 can be simplified to 1/10, a ratio of 3:30 (or 4:40, 5:50, 6:60 and so on) can be simplified to 1:10.

Step-by-step explanation:

Answer:

1. 2:20

2. 3:30

3. 4:40

Step-by-step explanation:

1/10 can be written as a ratio like so - 1:10

Now we just have to change both numbers by multiplying or dividing by the same amount to get 3 equivalent ratios.

We can multiply both numbers by 2 to get - 2:20

Or we can multiply both numbers by 3 to get - 3:30

And, we can also multiply both numbers by 4 to get - 4:40

These are 3 possibilities of many possibilities

Hope this Helps!!! :)

Let me know if this answer was perfect or if I should change it in the comments!!!

the acceleration of an object dye to gravity depends on the objects initial velocity true or false

Answers

Answer:

I- true.................

What is an equivalent to -16m^2n-(-25m^2n)+(-7m^2n)

Answers

Answer:

The equivalent expression is:

[tex]-16m^2n-\left(-25m^2n\right)+\left(-7m^2n\right)=2m^2n[/tex]

Step-by-step explanation:

Given the expression

[tex]-16m^2n-\left(-25m^2n\right)+\left(-7m^2n\right)[/tex]

[tex]\mathrm{Remove\:parentheses}:\quad \left(-a\right)=-a,\:-\left(-a\right)=a[/tex]

[tex]=-16m^2n+25m^2n-7m^2n[/tex]

[tex]\mathrm{Add\:similar\:elements:}\:-16m^2n+25m^2n-7m^2n=2m^2n[/tex]

[tex]=2m^2n[/tex]

Therefore, the equivalent expression is:

[tex]-16m^2n-\left(-25m^2n\right)+\left(-7m^2n\right)=2m^2n[/tex]

The sides of the square shown below have a length of
2v3
. What would be the length of a diagonal across the square?

Answers

Answer:2[tex]\sqrt{6}[/tex]because it is a 45 45 90

Step-by-step explanation:

If P = 5(a + 8), what is a in terms of P?

Answers

Answer: (P-40)/5 = a

Step-by-step explanation:

P = 5(a+8)

P = 5a + 40

P - 40 = 5a

(P-40)/5 = a

if a/3 = b/2, what are the following ratio's? b:a

Answers

Answer:

2:3

Step-by-step explanation:

a/3 = b/2

a/b=3/2

b/a=2/3

b:a=2:3

2:3 is a ratio of b:a

A customer/member owes $11.02 and pays $100.00 in cash. Change due is $88.98.

Answers

Answer:

Correct

Step-by-step explanation:

Water runs into a conical tank at the rate of [tex]9ft^{3}/min.[/tex] The tank stands point down and has a height of 10 ft and a base of 5 ft. How fast is the water level rising when the water is 6 ft deep?

Answers

Answer:

[tex]\frac{1}{\pi} \frac{\text{ft}}{\text{min}}[/tex] is the rate at which the water is rising when the water is 6 ft deep.

Step-by-step explanation:

See the attached diagram that I drew to represent this problem.

To solve related rates problems, let's use the recommended steps:

Draw a diagram.Label all quantities and their rates of change.Relate all quantities in the same equation.Differentiate (implicitly) with respect to time.Use the resulting equation to answer the question in context.Step 1:  

I already drew the diagram; see attached image.

Step 2:

I labeled the quantities we are given in the problem. h = 10 ft, and r = 5 ft. We are also told that the change in volume is 9 ft³/min; dV/dt = 9 ft³/min.

We want to find dh/dt when h = 6.

[tex]\frac{dh}{dt}\ \vert \ _h_=_6 =\ ?[/tex] Step 3:

We know that we are dealing with a cone in this problem, and we are given the volume of the cone. Therefore, we can use the formula for the volume of a cone in order to relate all of the quantities in the same equation.

[tex]V=\frac{1}{3} \pi r^2 h[/tex]

Since we only want the two variables, V and h, we can solve for r in terms of h and substitute this value for r in the formula.

This is because when we perform implicit differentiation, we do not have the change in r (dr/dt) but we do have dh/dt, which is what we are trying to solve for.

We know that r = 5 ft, and h = 10 ft. Therefore, we can say that [tex]\frac{r}{h}=\frac{5}{10} \rightarrow \frac{r}{h} = \frac{1}{2}[/tex]. Multiply h to both sides to solve for the variable r: [tex]r=\frac{h}{2}[/tex].

Substitute this into the volume of a cone equation:

[tex]V=\frac{1}{3} \pi(\frac{h}{2})^2 h[/tex]

Simplify this equation.

[tex]V=\frac{\pi}{3}\cdot \frac{h^2}{4} \cdot h[/tex] [tex]V=\frac{\pi}{12}h^3[/tex] Step 4:

Perform implicit differentiation on the volume equation.

[tex]\frac{dV}{dt} =\frac{\pi}{12}3h^2 \cdot \frac{dh}{dt}[/tex]  Step 5:

Substitute known values and solve for dh/dt to find the change in height, or the rise in water level, when the water is 6 ft deep (h = 6).

We know that:

[tex]\frac{dV}{dt} =9[/tex] [tex]h=6[/tex]

Plug these values into the implicitly differentiated volume equation.

[tex]9=\frac{\pi}{12}3(6)^2\cdot \frac{dh}{dt}[/tex] [tex]9=\frac{3\pi}{12}\cdot 36 \cdot \frac{dh}{dt}[/tex] [tex]9=9\pi\frac{dh}{dt}[/tex] [tex]\frac{dh}{dt} =\frac{9}{9\pi}= \frac{1}{\pi}[/tex]

Answering the question in context:

Since dh/dt = 1/π when h = 6 ft, we can say that the water is rising at a rate of [tex]\frac{1}{\pi} \frac{\text{ft}}{\text{min}}[/tex] when the water is 6 ft high.

Hey there!

We can create some variables to denote some of the things we are working with.

v = volume

h = height

r = radius

We know that [ dv/dt = (π/3)r²h ]. We also know that [ r/h = 5/10 = 1/2 ] which resembles the parts of a triangle.

Solution:

v = π/3*h/2²

h = πh³/(4)(3)

~Differentiate both sides

dv/dt = (3πh³/4*3)(dh/dt)

~Simplify

dh/dt = (4dv/dt)/πh²

~Use chain rule

(4)(9)/π6²

1/π

Thus, the speed of the water level rising is [ 1/π ft/min ] when the water is 6ft deep.

Best of Luck!

solve the following: 2x=9​

Answers

Answer:

x=4.5

Step-by-step explanation:

divided both sides by 2, your equation is now x=4.5

Answer:x = 4.5Hope this helps!!

Is it a nonliner or a linear function

Answers

Answer:

linear, it can be solved for y

Answer:

A. Linear

Step-by-step explanation:

It's a straight line when you graph it etc. etc.

Natalie and phil are running for 6th grade class president. Natalie receives 16 votes, and phil receives 12 votes.

Answers

Natalie because Natalie has more votes

Answer:

Natalie win as the 6th grade class president

Step-by-step explanation:she win by 4 points after Phil and Natalie has 16 votes and Phil has 12 votes

What is the DOMAIN of this graph? Need help!!

Answers

5
Sorry if it’s wrong

Vector Calculus

A particle of mass m move along the path σ(t)={t^2,sin t, cos t} Calculate the force acting on the particle t=0.

Answers

It seems like σ(t) is the positive function of the particle. Compute its acceleration by differentiating this function twice.

σ(t) = {t ², sin(t ), cos(t )}

σ'(t) = {2t, cos(t ), -sin(t )}

σ''(t) = {2, -sin(t ), -cos(t )}

When t = 0, the acceleration on the particle is

σ'' (0) = {2, -sin(0), -cos(0)} = {2, 0, -1}

Then the force acting on the particle at time t = 0 is

F = {2m, 0, -m}

by Newton's second law.

Larry fills his bathtub at a constant rate. The amount of water in his tub is proportional to the amount of time he spends filling it. This relationship is described in the following graph:

Answers

Answer:

7 but im not sure

Step-by-step explanation:

Answer:

its A and B

Step-by-step explanation:

Do NOT hit none of the above, that's wrong

Find the value of x and y.

Answers

Answer:

Triangle= 180 degrees

180 degrees-20 degrees=140

140/2=70

Step-by-step explanation:

Hope this helps! Consider Brainiest!

Please hurry it’s urgent thank you

Answers

first is 4
second is 25
third is 20

7=6-4, +4r
Please help

Answers

Answer:

R=5/4

Or

R=1.25

Step-by-step explanation:

Priya has 50 identical parcels. Each parcel has a mass of 17 kg, correct to the nearest kilogram. Find the upper bound for the total mass of the 50 parcels.​

Answers

Answer:

The upper bound for the total mass of the 50 parcels is 850 kilograms.

Step-by-step explanation:

From statement we infer that upper bound is represented by the 50 identical parcels completely full. Then, the upper bound is the product of number parcels and maximum capacity of each parcel:

[tex]m_{UP} = (50\,parcel)\cdot \left(17\,\frac{kg}{parcel} \right)[/tex]

[tex]m_{UP} = 850\,kg[/tex]

The upper bound for the total mass of the 50 parcels is 850 kilograms.

How do I get numbers 1-20 with only using four 2's

Answers

Answer: 1-20 can be made with four 2's  when you use a power on the 2's like this 2 to the power of 4 + (2 to the power of 2+2 to the power of 2)= 20

Step-by-step explanation:

solve for h: -2/3h-4=4/3

Answers

Isolate the variable by dividing each side by factors that don't contain the variable.

h = −8

Let's say you are in the market to buy a car that will cost you $20,000. Shopping around for financing, you manage to get $20,000 loan at 4% interest for 60 months. Which of the following will be the closest final cost of your car including the interest/finance charges?

Answers

Answer:

oof

Step-by-step explanation:

A selective university advertises that 96% of its bachelor’s degree graduates have, on graduation day, a professional job offer or acceptance in a graduate degree program in their major area of study. In a sample of 227 recent graduates this was true of 209 of them. The probability of obtaining a sample proportion as low as or lower than this, if the university’s claim is true, is about:________

a. 0.015
b. 0.001
c. 0.131
d, 0.084

Answers

Answer:

The probability is  [tex]P( p < 0.9207) = 0.0012556[/tex]

Step-by-step explanation:

From the question we are told

  The population proportion is [tex]p = 0.96[/tex]

 The sample size is  [tex]n = 227[/tex]

 The number of graduate who had job is  k = 209

Generally given that the sample size is large enough  (i.e n >  30) then the mean of this sampling distribution is  

       [tex]\mu_x = p = 0.96[/tex]

Generally the standard deviation of this sampling distribution is  

    [tex]\sigma = \sqrt{\frac{p (1 - p )}{n} }[/tex]

=>  [tex]\sigma = \sqrt{\frac{0.96 (1 - 0.96 )}{227} }[/tex]

=>  [tex]\sigma = 0.0130[/tex]

Generally the sample proportion is mathematically represented as

      [tex]\^ p = \frac{k}{n}[/tex]

=> [tex]\^ p = \frac{209}{227}[/tex]

=> [tex]\^ p = 0.9207[/tex]

Generally probability of obtaining a sample proportion as low as or lower than this, if the university’s claim is true, is mathematically represented as

     [tex]P( p < 0.9207) = P( \frac{\^ p - p }{\sigma } < \frac{0.9207 - 0.96}{0.0130 } )[/tex]

[tex]\frac{\^ p - p}{\sigma }  =  Z (The  \ standardized \  value\  of  \ \^ p )[/tex]

   [tex]P( p < 0.9207) = P(Z< -3.022 )[/tex]

From the z table  the area under the normal curve to the left corresponding to    -3.022  is

     [tex]P(Z< -3.022 ) = 0.0012556[/tex]

=> [tex]P( p < 0.9207) = 0.0012556[/tex]

-46 − 8x > 22.
A. x -8.5 D. x > 8.5

Answers

Answer:

x < -8.5

Step-by-step explanation:

-46 - 8x > 22

-8x > 68 -- when you divide by a negative number in an inequality, you flip the inequality sign

Therefore, x < -8.5

Question in the picture

Answers

I will find x, so 4x-4=180, so 4x=184, so x=46

Sorry if i answered wrong I don't understand what it is asking for.

Martina drove 780 miles in 12 hours. At the same rate, how long would it take her to drive 455 miles?

Answers

Answer:

7 hours

Step-by-step explanation:

She is driving at 780/12 (65) mph. 455/65=7. She will take 7 hours

An apartment of the same square footage today is $716 unfurnished making a cost of living increase of 44.69%. If Della and Jim's apartment was $32 per month with furnishings included and they signed a lease for 13 months, what is the total weekly cost in 1905?

Answers

An apartment of the same square footage today is $716 unfurnished making a cost of living increase of 44.69%. If Della and Jim's apartment was $32 per month with furnishings included and they signed a lease for 13 months, what is the total weekly cost in 1905? Answer: $1340.80

The answer is 1340.80 dollars :)

which strategy demonstrates the correct use of properties of operations to evaluate 5×( -7÷ 1/8)

Answers

the answer to the equation is -280

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