Compound interest is the addition of interest. The interest that is needed to be paid by Jim in the 4 years of tenure is $2253.98.
Compound interest is the addition of interest on the interest of the principal amount. It is given by the formula,
We know that the Principal amount received by Jim is $2000, while the interest that Jim needs to pay is 3% quarterly, therefore, he needs to pay the interest 4 times a year. Thus, the value of n is 4.
Now, we know all the values therefore, substitute the values in the formula of compound interest,
Hence, the interest that is needed to be paid by Jim in the 4 years of tenure is $2253.98.
Learn more about Compound Interest:
Answer:
$2253.98
Step-by-step explanation:
Jim received a $2000 loan from his bank. The loan accrues 3% interest every 3 months.
P=2000
r= 3%=0.03 and t= 4 years
interest every 3 months so n= 4
The left out amount of floor is .
Further explanation:
The weight of one bag of flour is 3.5 kg.
The bakery bought 4 bags of flour.
Therefore, the total weight of 4 bags is calculated as follows:
The weight of flour needed for a batch of muffins is 0.475 kg.
Therefore, the weight of flour needed for 4 batches of muffins is calculated as follows:
The weight of flour needed for a loaf of bread is 0.65 kg.
Therefore, the weight of flour needed for 5 loaves of bread is calculated as follows:
So, the total weight of floor used in the process of making muffins and loaves of bread is calculated as follows:
Now, the weight of floor that is left out in the bag is calculated as follows:
Thus, the left out amount of floor is .
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2. What is 20÷2(5+5) brainly.com/question/365957
3. Ten hundredths in standard formbrainly.com/question/228852
Answer details:
Grade: Middle School
Subject: Mathematics
Chapter: Basic Algebra
Keywords: Bakery, bags, flour, 3.5 kg, muffins, bread, loaf, loaves, kilograms, kg, share, subtract, equally, 8.85 kg, weight, bought
What is the fixed amount charged?
$20
$30
$40
$80
Answer:
$40
Step-by-step explanation:
We are given two points (0, 40) and (4, 120).
Now to find the equation which represents A graph titled Camera Rentals plots the Number of Days on the x axis and the Amount in dollars on the y axis.
To Find equation we will use two point slope form.
Formula:
Substitute the values in the formula
The equation represents the situation :
where x is the number of days
y is the Amount in dollars
Now we are supposed to find the fixed amount charged.
So, we need to substitute x i.e. number of days=0
So,
Hence the fixed amount charged is $40.
V=(1/3)pi r^2 h