Maya owes $104,000 to a credit card company. The debt grows with 12% annual interest that compounds every month. How much will Maya owe in three years?

Answers

Answer 1
Answer: Discussing interest starts with the principal, or amount your account starts with. This could be a starting investment, or the starting amount of a loan. Interest, in its most simple form, is calculated as a percent of the principal. For example, if you borrowed $100 from a friend and agree to repay it with 5% interest, then the amount of interest you would pay would just be 5% of 100: $100(0.05) = $5. The total amount you would repay would be $105, the original principal plus the interest.

Simple One-time Interest

I = P0r

A = P0 + I = P0 + P0r = P0(1 + r)


Related Questions

a metalsmith is mixing two molten metals, each containing different percentages of silver. the table shows the amount of each molten metal used. which two expressions are both equivalent to t, the total number of grams in the mixture?
A soccer ball is kicked into the air from the ground. If the ball reaches a maximum height of 25 ft and spends a total of 2.5 s in the air, which equation models the height of the ball correctly? Assume that acceleration due to gravity is –16 ft/s2.
How would I answer this equation 5y - 2y = 3y + 2
Compare and contrast, using complete sentences, a deferred payment plan for a consumer durable versus a college loan
Right angled triangle calculation.  the opposite is 150mm  and the only known angle is the right angle how can i calculate the other two sides and angle??

Compute the amount of interest earned in the following simple interest problem.A deposit of $1,600 at 6% for 180 days:

Answers

with 6% is 1,696. for 180 days, $305,280 
I=PRT
I=interest
P=principal
R=rate in decimal
T=time in yaers

365 days per year
t=180/365

given
P=1600
R=6%=0.06
T=180/365

I=1600*0.06*180/365
I=96*180/365
I=47.342

rounds to
Interst=$47.34

What decimal goes in the empty box on the grid? Enter your answer in the box.

Answers

Answer:nAvsghahsgdg

Step-by-step explanation:

Complete the following item based on the given information.The volume of a box(V) varies directly with its length(l). If one of the boxes has a volume of 325 cubic inches and a length of 13 inches, what is the constant of proportionality for the group of boxes?
k = ________

Answers

Answer:

The constant of proportionality for the group of boxes is 25.

Step-by-step explanation:

Given : The volume of a box(V) varies directly with its length(l). If one of the boxes has a volume of 325 cubic inches and a length of 13 inches.

To find : What is the constant of proportionality for the group of boxes?

Solution :

The volume of a box(V) varies directly with its length(l).

Using k for the constant of proportionality.

We can express the relationship between V and l

If V varies directly with l.  

V = kl

According to question,

If one of the boxes has a volume of 325 cubic inches and a length of 13 inches, then  

325=13k\n\n\Rightarrow\ k=(325)/(13)\n\n\Rightarrow\ k=25

Therefore, The constant of proportionality for the group of boxes is 25.

k = 325/13
..............................................

Evaluate the expression when c = -6 And y = 7

y - 9c

Answers

the answer is 61. hope that help.
Write everything out:  y - 9c becomes 7 - 9(-6) = 7 + 63 = 70. 

Can you check to see if tese are right? 1 What is 0.68 written as a simplified fraction? 68/100 17/25 100/68 34/25 2 Mrs. Whimsey’s class is having a pizza party. If there are 16 students and 4 pizzas cut into 8 slices, what answer choice represents the fraction of one pizza each student receives?one-third one-sixteenth one-fourth one-eighth 4. Based upon the 2010 census data, the total population of the U.S. is 308,745,538 people. Approximately, what is this population in scientific notation?
3.1 x 10^8 3.1 x 10^7 3.1 x 10^–8 31 x 10^7 5. What is the solution to (4 x 10^3) x (6 x 10^6), written in scientific notation?
24 x 10^9 2.4 x 10^9 24 x 10^18 2.4 x 10^10 8 What is 0.00000512 in scientific notation? 5.12 x 106 512 x 105 5.12 x 10–6 512 x 10–5 9 What is thirty-one over five written as a decimal? 1.6 6.1 6.2 6.5 My answers are: 1. 17/25 2. 1/8 4. 3.1 x 10^8 5. 2.4 x 10^9 8. 5.12 x 10^6 9. 6.1

Answers

1. 0.68 is equal to 68/100 but this can be simplified further to 17/25
2. There are 8 slices and 16 students, the fraction is 8/16 or 1/2
3. (4 x 10^3) x (6 x 10^6) = 2.4 x 10^10
4. 
308,745,538 in scientific notation is 3.1 x 10^9
31/5 is 6.2

Solve i=prt if i=105, p=700 & r=0.05

Answers

assuming you're trying to find t, first you would plug in the numbers given to get 105=(700)(.05)t
next, you multiply p and r to get 105=35t
after that, you divide the 105 by 35 to get the final answer of t=3