If Martin buys a coke for $1.85 on a credit card that charges 22% interest compounded monthly what will the coke actually cost him if he does not pay the credit card off in five years?

Answers

Answer 1

Using compound interest, it is found that the coke will actually cost him $5.50.

Compound interest:

[tex]A(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]

A(t) is the amount of money after t years.  P is the principal(the initial sum of money).  r is the interest rate(as a decimal value).  n is the number of times that interest is compounded per year.  t is the time in years for which the money is invested or borrowed.

In this problem:

The coke is bought for $1.85, hence [tex]P = 1.85[/tex].The interest rate is of 22%, hence [tex]r = 0.22[/tex].It is compounded monthly, hence [tex]n = 12[/tex].Five years, hence [tex]n = 5[/tex]

Then:

[tex]A(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]

[tex]A(5) = 1.85\left(1 + \frac{0.22}{12}\right)^{12(5)}[/tex]

[tex]A(5) = 5.50[/tex]

The coke will actually cost him $5.50.

A similar problem is given at https://brainly.com/question/14239300


Related Questions

What is the quotient of 36 and -3

(WILL MAKE BRAINLIEST )

Answers

Pretty sure it’s -12 but I could be reading the question wrong since it’s pretty late

The difference between two times a number and eight is twenty two. What is twice the number?

Answers

Answer: 30

Step-by-step explanation:

2x -8 = 22

2x = 22 + 8

2x = 30

Divide both sides by 2

X = 15

Twice of x

2 x X = 2 x 15 = 30

You’re loading bags of cement into a truck. You load bags weighting 175lbs, 154lbs, and 118lbs. What is the total weight you have loaded onto the truck?

Answers

Answer:

447 lbs

Step-by-step explanation:

175+154+118=447

Which choice models this situation? Marcus needs to sell 25 tickets to a fundraiser by Friday. So far, he has sold 9 tickets. How many tickets does he still need to sell?​

Answers

Answer:

16

Step-by-step explanation:

Because 25 - 9 = 16

the first term of an AP is 2,and the last term is 59.if the sum of the first terms is 610,Find the common difference​

Answers

Answer:

d = 3

Step-by-step explanation:

The sum to n terms of an AP is

[tex]S_{n}[/tex] = [tex]\frac{n}{2}[/tex] ( a + l)

where a is the first term and l the last term

Here a = 2, l = 59 and sum = 610 , then

[tex]\frac{n}{2}[/tex] (2 + 59) = 610

[tex]\frac{n}{2}[/tex] × 61 = 610 ( divide both sides by 61 )

[tex]\frac{n}{2}[/tex] = 10 ( multiply both sides by 2 to clear the fraction )

n = 20

Then the sequence has 20 terms with a₂₀ = 59

The nth term of an AP is

[tex]a_{n}[/tex] = a + (n - 1)d

where d is the common difference , then

2 + 19d = 59 ( subtract 2 from both sides )

19d = 57 ( divide both sides by 19 )

d = 3

y=-2/5x-3


plzz help help meeeeeeeee​

Answers

Plot the vertex at (0,-3), then go down 2 units and right units to plot a point at (5,-5). Then you can draw your line through the 2 points.

If the simple interest on 4,000 for 10 years is 2,400 then what is the interest rate

Answers

Answer:

6%

Step-by-step explanation:

I =Prt I being interest paid, P is Principal, r is rate, t is term

2400=4000x r x 10

2400=40000r

2400/40000=.06 convert to percentage by multiplying by 100 x. 06=6

Find the quotient of
4
5
and
9
10

Give your answer as a fraction in its simplest form.

Answers

Answer:

8/9

Step-by-step explanation:

4/5 ÷ 9/10

4/5 x 10/9

40/45 or 8/9

A division is a process of splitting a specific amount into equal parts.8/9 is the quotient for 4/5 ÷ 9/10.

What is Division?

a division is a process of splitting a specific amount into equal parts.

While doing division process we have some important parts of division which are dividend, divisor, remainder and Quotient.

In the given problem 4/5 is he divisor and 9/10 is the divisor.

Four by five divided by nine by ten

4/5 ÷ 9/10

When two fractions are divided, the division turn to multiplication when the denominator fraction shifts to up.

4/5 x 10/9

Cross over the fraction with 5.

40/45

8/9

Hence 8/9 is the quotient for 4/5 ÷ 9/10.

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A man Buy television set at a price exclusive of sales tax for $2124 if sales tax of 12% is changed how much money does the man pay

Answers

Answer:

2378.88

Step-by-step explanation:

12/100 x 2124

=254.88

2124+254.88=answer

Eli is following this recipe to bake bread rolls.
He uses 500 g of flour.
How much of the other ingredients does he use?

Recipe: Makes 12 bread rolls
400 g flour
6 g salt
8 g yeast
40 mL oil
360 mL water

Answers

Answer:

7.5 g salt

10g yeast

50 ML oil

450 ML water

Step-by-step explanation:

You would do 1/4 of the amount of (insert ingredient amout) added to the total (insert ingredient amount)

The points (5, -5) and (7,r) lie on a line with slope - 1. Find the missing coordinate r.

Answers

Answer:

r = -7

Step-by-step explanation:

Slope = Change in y/Change in x

-1 = r - (-5) / 7 - 5

-1 = r + 5/ 2

-2 = r + 5

r = -7

-Chetan K

Write an equation representing the area Felicia covered, y, in terms of the number of tiles she used, x. I'LL GIVE 40 POINTS

Answers

The proportional equation representing the area Felicia covered, y, in terms of the number of tiles she used, x is:

[tex]y = \frac{x}{6}[/tex].

What is a proportional relationship?

A proportional relationship is a function in which the output variable is given by the input variable multiplied by a constant of proportionality, that is:

y = kx

In which k is the constant of proportionality.

Researching this problem on the internet, we have that 6 tiles cover 1 square feet, 12 tiles cover 2 square feet, and so on, hence the constant is given as follows:

[tex]k = \frac{1}{6} = \frac{2}{12}[/tex]

Hence the function is given as follows:

[tex]y = \frac{x}{6}[/tex].

More can be learned about proportional equations at https://brainly.com/question/10424180

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Answer: Felicia's equation is:

y=1/9x

Step-by-step explanation:

I will give brainliest who ever answers fastest what is 1+1=?

Answers

Answer:

2

Step-by-step explanation:

Like and give 5 star rating

Who Is Nathan Drake?

Answers

Answer:

he's the guy from uncharted

Answer: Nathan Drake is a fictional character and the protagonist of the Uncharted video game series, developed by Naughty Dog.

The range of F(x) = logo x is the set of all real numbers.
A. True
O B. False

Answers

Answer:

The range of F(x) = logo x is the set of all real numbers is True.

Step-by-step explanation:

Yes, Because range of the logarithmic function is the set of ''all real numbers.'

What is mean by Function?

A relation between a set of inputs having one output each is called a function. and an expression, rule, or law that defines a relationship between one variable (the independent variable) and another variable (the dependent variable).

We have to given that;

The function is,

⇒ f (x) = log x

Now,

The given function is a logarithmic function.

And, The range of the logarithmic function is the set of all real numbers.

Hence, The range of function F(x) = log x is the set of all real numbers.

Thus, The range of F(x) = log x is the set of ''all real numbers''.

Learn more about the function visit:

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HELP

One chocolate bar and two coconut bars contain 780 calories. Two chocolate bars
and one coconut bar contains 786 calories. Find the number of calories in each kind
of bar.

Answers

Answer:

Choc Bar: 258 cals

Coco Bar: 264 cals

Step-by-step explanation:

What we can do here is something called making a system of equations.

Let us name the choc. bars x and the coco. bars y.

Then, we can get:

x+2y=780

2x+y=786

Next, we solve for x in the first equation

x=780-2y

Now, we can substitute:

2(780-2y)+y=786

1560-3y=786

-3y=-774

y=258

x=780-516

x=264

find the area of each of the following polygons. aj 1 cm b) 1 cm c 1 cm 1 cm​

Answers

Answer:

1 cm

Step-by-step explanation:

The sum of the squares of two numbers is 202 the difference of the numbers is -2 both numbers are positive find the numbers

Answers

Answer: a2 + b2 = 202

Step-by-step explanation: Since they are consecutive odd integers, then we can just divide 202 by 2, square root it, then round to the nearest two odd integers. In this case, 202 / 2 = 101 ⇒ 1010.5 ≈ 10.04. The two nearest odd integers are 9 and 11. We can verify that this is the pair: 92 + 112 = 81 + 121 = 202.

Answer:

[tex]\left \{ {x-y=-2\atop {x^2+y^2=202[/tex]  ⇔  [tex]\left \{ {{y=11} \atop {x=9}} \right.[/tex]

Step-by-step explanation:

I’m a poll, 100 people were asked to indicate if they prefer to drive a truck or car and their gender. Based on the table, which of the following statements is NOT true?

Answers

Answer:

B) men are less likely to prefer driving trucks than women

Step-by-step explanation:

Can someone solve this for me please? I would be very thankful <3

Answers

Answer:

running speed is horse power

so up with horse

it will tell its power

go and denge it

so you will get your answer by this process

The currency in China is the Yuan. The
exchange rate is approximately $1 for
every 8 Yuan. At this rate, how many
Yuan would you get if you exchanged $10?

Answers

Answer:

80 Yuan for 10 Dollars

Step-by-step explanation:

1 dollar = 8 yuan

10 x 8 = 80

Answer:

80 yuan

Step-by-step explanation:

$1= 8

you have $10

10*8= 80

Select the correct answer from each drop-down menu.

1. Congruent, not congruent or supplementary

2 adjacent, corresponding or vertical

Answers

E and G are congruent because they are vertical.

1. Congruent

2. verticle (across from each others)

(9u+w)^2
(use foil).................

Answers

Answer:

Step-by-step explanation:

(9u + w)(9u + w)

f: 9u * 9u = 81 u^2

o: 9u * w

i: 9u* w

l: w * w = w^2

Result

81u^2 + 9uw + 9uw + w^2

81u^2 + 18uw + w^2

An item is regularly priced at $27. It is on sale for 35% off the regular price. What would be the sale price?​

Answers

Answer:

$17.55

Step-by-step explanation:

Answer:

17.55

Step-by-step explanation:

You will pay $17.55 for a item with original price of $27 when discounted 35%. In this example, if you buy an item at $27 with 35% discount, you will pay 27 - 9.45 = 17.55 dollars

Can someone help ?????

Answers

Accordingly the answer is Nineteen Fourths.

which of the following lines has a negative slope?
Red or Black,Blue

Answers

Answer:

black <3

Step-by-step explanation:

solve pls brainliest

Answers

Answer:

1/4

Step-by-step explanation:

The constant of proportionality is 1/4.

Answer:

b

Step-by-step explanation:

The form of an equation representing proportion is

y = kx ← k is the constant of proportionality

y = [tex]\frac{1}{4}[/tex] x ← is in standard form

with k = [tex]\frac{1}{4}[/tex]

A student earned $175 last week. She worked 35 hours. How much did she earn per hour?

DO NOT GIVE A LINK AS AN ANSWER

Answers

Answer:

should be 5

Step-by-step explanation:


Find the area of a circle with a radius of 6 feet. Use 3.14 for pi

Answers

Answer:

Replace the value of r in the formula :

A = π • r²

A = π • 6²

A = 113,097

Since you need to round off your answer to one decimal, your final answer is :

A = 113.1 square ft

Step-by-step explanation:

Choose the equation that has m = 5 as the solution.
m + 4 = 20
m – 3 = 8
22 + m = 25
12 = m + 7

Answers

16
11
3
5
This are the answers for each problem.
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