A. 1 B. 2 C. 6 D. 3
Answer:
Step-by-step explanation:
The answer will be c.
b. two.
c. three.
d. none.
After ten years, Tamora will have spent $6.496.76 on interest.
Compound interest is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.
Given, Tamora has just graduated from college. When she entered college four years ago, she took out a $9,100 subsidized Stafford loan, which has a duration of ten years. The loan has an interest rate of 5.4%, compounded monthly.
The total amount of interest to be paid can be expressed as;
A={P}
where;
A = Total amount of interest
P = principal amount of the loan
r = annual interest rate
n = number of compounding periods in a year
t=number of years
In our case;
P=$9,100
r=5.4%=5.4/100=0.054
n=12
t=10 years
Replace the values and solve
A=9,100{(1+0.054/12)^(12×10)}-9,100
A=9,100{(1.0045)^120}-9,100
A=6,496.7575
The sum has been rounded to the closest penny. The equivalent of rounding to the nearest decimalplace is 1/100=0.01.
A=$6,496.76
Tamora will have paid $6.496.76 in interest overall after ten years.
Learn more about compound interest here:
#SPJ3
Answer:
The total interest amount that Tamora will have paid in 10 years=$6.496.76
Step-by-step explanation:
Step 1: Express the formula for calculating total amount of interest
The total amount of interest to be paid can be expressed as;
A={P(1+r/n)^nt}-P
where;
A=total amount of interest
P=principal amount of loan
r=annual interest rate
n=number of compounding periods in a year
t=number of years
In our case;
P=$9,100
r=5.4%=5.4/100=0.054
n=12
t=10 years
Step 2: Replace the values and solve
A=9,100{(1+0.054/12)^(12×10)}-9,100
A=9,100{(1.0045)^120}-9,100
A=6,496.757596
The amount rounded off to nearest cent 1/100=0.01 is the same as rounding off to nearest decimal places
A=$6.496.76
The total interest amount that Tamora will have paid in 10 years=$6.496.76
Answer:
47.5 per 1 lamp
Step-by-step explanation:
First, we can ignore the info about the department store because it is useless. Now, for the appliance store, we now that it sells lamps for 95 dollars per 2 lamps. 2 lamps equal 95, and it is asking how much does 1 cost. We can simply divide. So, 95/2= 47.5 dollars
Find p(a-3)
x^2-bx + 100
A. 20
B. 10
C. 5
D. 50
Answer:
B
Step-by-step explanation: