Eli has a loan of $3500 This loan charges 5% interest compounded annually. what is the amount of interest that Eli will be charged on this loan at the end of four years round to the nearest cent

Answers

Answer 1
Answer: 700
Explanation:
3,500 x 5 over 100 = 175
175 x 4 = 700
Answer 2

Answer:

754.27

Step-by-step explanation:

Use coumpound interest formula A=p(1+r)^t

Convert 5% into a decimal (move decimal over to times to the left making it .05)

Plug in numbers A=3500(1+.05)^4

Then you get $4254.27

Subtract by priciple of 3500 and you get left with 754.27


Related Questions

What is the simplest form of this expression?
6b(-2b + 1) + 862
Enter the correct answer.

Answers

Answer:

-12b² + 6b + 862

Step-by-step explanation:

[tex](6b)(-2b)+(6b)(1)+862[/tex] [tex]-12b^2+6b+862[/tex]

Answer:d

Step-by-step explanation:

the line shown contains ( -1,2) and (1,-1) what is the slope of the line

Answers

Answer:

m=-3/2

Step-by-step explanation:

To find slope we can use the formula y2-y1/x2-x1

Let's plug in our points

-1-2/1--1 which is -3/2

Our slope is -3/2

Answer:

m=-3/2

Step-by-step explanation:

In order to solve this problem, you must use the slope formula.

Slope formula:

[tex]\sf{\dfrac{Y_2-Y_1}{X_2-X_1}=\dfrac{RISE}{RUN} }[/tex]

y2=(-1)

y1=2

x2=1

x1=(-1)

Rewrite the problem down.

Solve.

[tex]\sf{\dfrac{-1-2}{1-(-1)}=\dfrac{-1-2}{1+1}=\dfrac{-3}{2}=\boxed{\sf{-\dfrac{3}{2} }} }[/tex]

Therefore, the slope is -3/2, which is our answer.

I hope this helps you! Let me know if my answer is wrong or not.

Miguel can use all or part of his $25 gift card to make a music purchase. each song costs $1.50, and there is a $1.00 per account activation fee. which inequalities can represent this situation if m is the number of songs he can buy? select two options. 1 1.5 m less-than-or-equal-to 25 1 1.5 m greater-than 25 25 greater-than 1 1.5 m 1 1.5 m less-than 25 25 greater-than-or-equal-to 1 1.5 m

Answers

The inequalities that can represent this situation if m is the number of songs Miguel can buy are:

Option A: [tex]1 + 1.5m \leq25\\[/tex] Option E: [tex]25 \geq 1 + 1.5m[/tex]

How to form mathematical expression from the given description?

You can represent the unknown amounts by the use of variables. Follow whatever the description is and convert it one by one mathematically. For example if it is asked to increase some item by 4 , then you can add 4 in that item to increase it by 4. If something is for example, doubled, then you can multiply that thing by 2 and so on methods can be used to convert description to mathematical expressions.

For this case, it is provided that:

The price of an account activation = $1.00The price of a song = $1.50Total amount that Miguel has = $25m = number of songs that Miguel can buy

If he buys m = 0, he doesn't need to open an account, thus, saving all money of gift.

Else, if he buys m > 0, then:

Let c = total cost he will have to pay for m songs.

m songs will cost [tex]1.50 \times m[/tex] dollars

Total cost he will have to pay = account activation charge + m songs; cost

[tex]c = 1 + 1.5m[/tex]

(we don't write symbols like of currency generally, and understand it from context. Also, sign of multiplication is often hidden if there are non numeric symbols and numbers being multiplied are written together)

Since we have limited money, so:

c needs to be less than or equal to $25

This is symbolically written as:

[tex]c \leq 25[/tex]

But since we've got [tex]c = 1 + 1.5m[/tex], thus:

[tex]1 + 1.5m \leq25\\[/tex] (option A).

This can be reversed as:

[tex]25 \geq 1 + 1.5m[/tex] (Option E)

(both things are same, as [tex]c \leq 25[/tex] or [tex]25 \geq c[/tex] both are same since if c is less than or equal to 25, then that means 25 is greater than or equal to c)

(the case when c= 0, we have 0 < 25, so it is also included in those two options, as a special case)

Thus, the inequalities that can represent this situation if m is the number of songs Miguel can buy are:

Option A: [tex]1 + 1.5m \leq25\\[/tex] Option E: [tex]25 \geq 1 + 1.5m[/tex]

Learn more about inequalities here:

https://brainly.com/question/11901702

Answer:

A and E are correct

Step-by-step explanation:

Help solve for x. I don’t understand it

Answers

Answer:

12

Step-by-step explanation:

determine the solution to each linear system by using the substitution method
y=4x+2
y=3x-2

Answers

Answer:

The solution is x = -4

Step-by-step explanation:

y=4x+2
we can see here that y equals 4x+2

y =3x-2

The y here is the same y, therefore we ban subtitute the first equation into the second one, like this:

y =3x-2

4x+2 = 3x-2

now just solve it algebraically.

4x + 2 - 3x = 3x -2 -3x

x +2 -2 = -2 -2

x = -4

The solution is x = -4


hello people ~
The length and breadth of a rectangular wall are 75 m and 32 m, respectively. Find the cost of painting the wall if the rate of painting is Rs 3 per sq. m.

Answers

Cost = 3 rupees per sq. m.

Cost = 3 x 2400

Cost = 7200 rupees

So your answer is 7,200

A school typically sells 500 yearbooks each year for $50 each. The economics class does a project and discovers that they can sell 100 more yearbooks for every $5 decrease in price. The revenue for yearbook sales is equal to the number of yearbook sold times the price of the yearbook. Let x represent the number of $5 decreases in price. If the expression that represents the revenue is in the form R(x)=(500+ax)(50-bx). Find the values of a and b.

Answers

we have to calculate the values ​​of A and B, so we have to:

[tex]A=100\\B=5[/tex]

Since the equation is:

[tex]R(X)=(500+ax)(50-bx)[/tex]

And the following information was given:

A school typically sells 500 yearbooks each year for $50 each.

The economics class discovers that they can sell 100 more yearbooks for every $5 decrease in price.

So knowing that by increasing 100 more books sold this is equal to A and the decrease in value is going to be equal to b.

[tex]R(X)=(500+100x)(50-5x)[/tex]

See more about equation at brainly.com/question/2263981

I have to classify what shape it is... what is number 5

Answers

Answer:

Its a parallelogram

Hope you have a great day!

Work out the perimeter of a semicircle with radius 3 cm
Give your answer in terms of Pie

Answers

Answer:

Step-by-step explanation:

Perimeter of circle = 2rπ

r = 3

P = 6 π

semicircle = 1/2 circle

P = 3π

I'm thinking of 2 numbers that are multiples of BOTH 10 and 5. Which numbers could be my number?

Answers

Answer:

any numbers that are multiples of 10, such as

10 and 20

40 and 60

50 and 80

Step-by-step explanation:

Because 5 is a factor of 10, all multiples of 10 will also be multiplies of 5, such as 10, 20, 30, 40, 50, 60, and so on.

Find the slope PERPENDICULAR to line AB

Answers

Your answer is correct

Construct a circle through points X, Y, and Z PLEASE HELPPP

Answers

Answer:

The number of given points=3, y, and z

Step-by-step explanation:

(07.05)
A random sample of students at Spectrum University was asked to estimate
the average number of minutes they spent on social media per day and their
grade point average (GPA). The data are shown in the table.
Minutes Spent on Social
Media
35 58 61
64 72 75 79 101 115
Grade Point Average
3.9 3.6 3.55 3.5 3.2 3.5.3 2.8 2.5
A researcher wants to determine whether there is a relationship between the
number of minutes spent on social media each day and GPA. What are the
appropriate testing hypotheses?

Answers

The appropriate testing hypotheses to determine whether there is a relationship between the number of minutes spent on social media each day and GPA is c H.o: B = 0, Ha: B ≠ 0.

What is hypothesis testing?

Hypothesis testing simply means an act in statistics whereby an analyst tests an assumption regarding a population parameter.

In this case, from the complete question, the hypotheses to determine whether there is a relationship between the number of minutes spent on social media each day and GPA is H.o: B = 0, Ha: B ≠ 0.

This is essential to provide evidence concerning the plausibility of the hypothesis with the data given.

Learn more about hypotheses on:

https://brainly.com/question/11555274

Terri Clifford bought a Sunday dress for $36. The sales tax was 6%. Find the total cost of the dress

Answers

Answer: $38.16

Step-by-step explanation:

Finding total costs with sales tax is really quite simple. Here is the formula.

O x P + O

use key below.

1. Solve

= 36 x 0.06

= $2.16

= 2.16 + 36

= $38.16

Key:

O = Original Price

P = Sales Tax Percentage

I hoped this answer helped your wonderful, creative minds. Keep working hard, and touch the stars.

- Mona May

#3 and 4, show work please

Answers

Answer:

Question 3: 2.7 hours

Question 4: 2.3 hours

Step-by-step explanation:

Question 3:

Time taken by 1st delivery driver = t1 = 6 hours

Time taken by 2nd delivery driver = t2= 5 hours

Time together = T

[tex]{\dfrac{ 1 }{ T } = \dfrac{ 1 }{ t1 } + \dfrac{ 1 }{ t2 }}[/tex]

[tex]{\dfrac{ 1 }{ T } = \dfrac{ 1 }{ 6 } + \dfrac{ 1 }{ 5 }}[/tex]

[tex]{\dfrac{ 1 }{ T } = 0.166+0.2 = 0.366}[/tex]

[tex]{T = \dfrac{ 1 }{ 0.366 } = 2.732}[/tex]

Rounded to the nearest tenth: 2.7 hours

Question 4:

The first valve takes 4 hours to completely drain = t1

[tex]\mathrm{Rate\:for\:first\:valve\:will\:be\:\dfrac{1}{4}\:per\:hour}[/tex]

The second valve taken 5.25 hours to completely drain = t2

[tex]\mathrm{Rate\:for\:second\:valve\:will\:be\:\dfrac{1}{5.25}\:per\:hour}[/tex]

Combined time = T

[tex]{\dfrac{ 1 }{ T } = \dfrac{ 1 }{ t1 } + \dfrac{ 1 }{ t2 }}[/tex]

[tex]{\dfrac{ 1 }{ T } = \dfrac{ 1 }{ 4 } + \dfrac{ 1 }{ 5.25 }}[/tex]

[tex]{\dfrac{ 1 }{ T } = 0.25+0.190 = 0.44}[/tex]

[tex]{T = \dfrac{ 1 }{ 0.44 } = 2.272}[/tex]

Rounded to the nearest tenth: 2.3 hours

y= -4 +6

3x + 4y = -2
Is (2, 2) a solution of the system?

Help!

Answers

Answer:

[tex]{y,x}={2,-10/3}[/tex] ( No)

Step-by-step equation:

System of Linear Equations entered :

 [1]           y=-4+6

 [2]           3x+4y=-2

Equations Simplified or Rearranged :

  [1]    y = 2

  [2]    4y + 3x = -2

Graphic Representation of the Equations :

   0? + y = 2        3? + 4y = -2  

 

Solve by Substitution :

// Solve equation [1] for the variable  y

  [1]    y = 2

// Plug this in for variable  y  in equation [2]

  [2]    4•(2) + 3x = -2

  [2]    3x = -10

// Solve equation [2] for the variable  x

  [2]    3x = - 10

  [2]    x = - 10/3

// By now we know this much :

   y = 2

   x = -10/3

We are done

Solution :

{y,x} = {2,-10/3}

At the market, 8 apples cost $4.How much do 9 apples cost?

Answers

Answer:

$4.50

Step-by-step explanation:

We must find the unit rate.

Unit rate equals: 1 apple for 50 cents.

.5 multiplied by 9 is 4.5

Answer:

Step-by-step explanation:

C.f.

13. Four coins with tails up.
Turning any three coins over counts as one move.
How many moves does it take to get all coins to show heads if turning three coins at a time counts as one
move?​

Answers

Answer:

4

Step-by-step explanation:

The coefficient of b² in 5a²b² is ______​

Answers

Answer: the coefficient is 5

The measure of one angle is 130°. Which statement is true regarding the 130° angle and angle 3? They are same-side interior angles, so angle 3 measures 50°. They are alternate interior angles, so angle 3 also measures 130°. They are corresponding angles, so angle 3 also measures 130°. They are alternate exterior angles, so angle 3 measures 50°.

Answers

Answer:

Option B. ∠3 = 130°

Step-by-step explanation:

In the given question a, b, c are the parallel wires and pipe cleaner is the transverse.

Now we take two parallel wires a, c and pipe cleaner as transverse then

we have to find the relation between angle 4 and 130°

∠4 = ∠9 [ alternate interior angles ]

∠3 = 130° [ they are the alternate interior angles ]

Therefore option B. is the correct option.

Answer:

B. They are alternate interior angles, so angle 3 also measures 130°.

Step-by-step explanation:

A person invests 6500 dollars in a bank. The bank pays 4% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 8900 dollars?

Answers

The time required for the invested money to reach the accrued amount is 8 years.

What is the time required to acquire the accrued amount?

The compound interest formula is expressed as;

A = P(1 + r/n)^(n*t)

Where A is accrued amount, P is principal, r is rate,  and t is time.

Given that;

Principal P = $6500Interest rate r = 4% = 4/100 = 0.04Compounded daily n = 365 dayAccrued amount A = $8900?

Plug the given values into the compound interest formula and solve for time t.

A = P(1 + r/n)^(n*t)

t = In(A/P) / n[ In( 1 + r/n ) ]

t = (In( $8900 / 6500 )) / ( 365[ In( 1 + 0.04/365 ) ] )

t = (In( $8900 / 6500 )) / ( 365[ In( 1 + 0.04/365 ) ] )

t = 7.857

t = 8 years.

Therefore, the required time is 8 years.

Learn more about compound interest here: brainly.com/question/27128740

#SPJ1

Answer:7.9

Step-by-step explanation:

A washing machine has a marked price of $1200. If 15% DISCOUNT is given. How much would be the sale price?

Answers

Answer:

$1020

Step-by-step explanation:

Since 15% is taken away, the total price would be $1,020. This means that the sales price is 85% of the price.

A hotel manager needs to buy beds and chairs. He has a total budget of 2000 dollars, and each bed costs $150 and each chair costs $50. Write an inequality to describe the possible number of beds and chairs that he can buy. If he buys 6 beds, what is the maximum number of chairs he can buy?

Answers

Answer:

The maximum number of chairs he can buy is C ≤ 22

Step-by-step explanation:

Let B represent the number of beds the hotel manager can buy.

Let C represent the number of chairs the hotel manager can buy.

Putting this into an expression, we have:

150B + 50C ≤ 2000

Since the hotel manager buys 6 beds, putting this into the information above:

150 (6) + 50C ≤ 2000

900 + 50C ≤ 2000

50C ≤ 2000 - 900

50C ≤ 1100

C ≤ 22

Which would prove that ab ≅ ac? converse of the isosceles triangle theorem substitution definition of congruency converse of the triangle parts relationship theorem

Answers

From the AAS property of congruency the side ab≅ac in the isosceles triangle.

What is the congruency of the triangle?

Congruency generally shows the similarities between two triangles or any other shape for the similarity of the two shapes they should have any three properties same like their three sides, Three angles or one angle two sides and so on.

Now for an Isosceles triangle abc given in the figure

[tex]\angle bad=\angle cad[/tex]

[tex]\angle abd=\angle acd[/tex]

[tex]ad=ad[/tex]   (common side)

So from the AAS property, the triangle [tex]\Delta bad=\Delta acd[/tex] are congruence

The side ab will also be equal to the side ac.

So from the AAS property of congruency is the side ab≅ac in the isosceles triangle.

To know more about congruency follow

https://brainly.com/question/2102943

Answer:

The answer would be "A". Converse of the isosceles triangle theorem.

Step-by-step explanation:

You're Welcome :)

How many triangles can be constructed with side lengths of 6.4 cm, 8.3 cm, and 14.6 cm? 0 1 more than one

Answers

Answer: only one triangle

Step-by-step explanation:

How many triangles can be constructed with side lengths of 6.4 cm, 8.3 cm, and 14.6 cm? 0 1 more than one

Select the correct answer.
4
What is the sum of -65 and 6?
O A. 121
B.
29
5
O C.
o
OD. – 124

Answers

Answer:

-59 im pretty sure

The late fee for a library book is $2.50 plus an additional 20 cents per day. If the total charge was 3.10, how many days late was the book?

Answers

Answer:

4 Days Late

Step-by-step explanation:

The first is 2.50, then 20 per day.

cuales son los factores de 420 ​

Answers

Answer:

Los que estan en casillas son los factores de 420. Espero y te ayude.

Step-by-step explanation:

Solve the equation.
Z
-7=
3
12
7
Oz=
3
Oz=2
Oz=-21
Oz=21

Answers

Answer:

What is equation?

Step-by-step explanation:

3 is what percent of 5?

Answers

Answer:

60%

Step-by-step explanation:

Hi there !

5 ........... 100%

3 .................x%

x = 3×100/5

= 300/5

= 60%

Good luck !

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