Sam is getting ready for a big date when he realizes that he has no money. His roommate, Bill, also has no money, but he has a credit card. Knowing that nobody will let Sam use Bill’s credit card, Sam asks Bill to pull out a cash advance for $120.00. Bill agrees under the condition that Sam is responsible for all interest that accrues on the cash advance which is a 30% interest rate, compounded monthly. 5 full years go by before the $120 cash advance is repaid. How much should Bill ask Sam to pay in interest for the cash advance? a.
$3.88
b.
$112.80
c.
$120.00
d.
$232.80
Answers
annual interest rate = 30% compounded monthly
term = 5 years
A = P (1 + r/n)^nt
A = future value of the cash advance
P = principal or value of cash advance
r = interest rate
n = times interest is compounded
t = terms or years
A = 120 (1 + 30%/12)^12 * 5
A = 120 (1 + 0.025)^60
A = 120 (1.025)^60
A = 120 (4.40)
A = 528
528 total amount including principal.
528 - 120 = 408 total interest paid
I hope this helps!!
Answer:
I just took the test, the answer is B.) $112.80
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The sum of seven and 5 times a number is 48
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Answer:
Do you mean strandord or expanded form?
Step-by-step explanation:
Answers
The measure of each side of the cube will be 15 inches.
What is volume?
The Volume of the cone is the amount of quantity, which is obtained in the 3-dimensional space. Volume is defined as the space occupied by an object in the three-Dimensions. All three parameters are required for the volume like length, width, and height of the cube or Cuboid
The cube has all the sides equal means that the length, width, and height of the cube will be the same. Let's suppose the length, width, and height of the cube is a.
The volume of a cube will be given by the formula:-
Volume = side³ = a³
a³ = 3375
a = ∛3375
a = ∛( 15 x 15 x 15 )
a = 15 cubic inches.
Therefore, the measure of each side of the cube will be 15 inches.
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Answer:
l=w=h=15
Step-by-step explanation:
Volume of a cube= l*w*h
where l=w=h
15*15*15=3375
Hope this helps ;) ❤❤❤
Factor the polynomial completely
Answers
Answer:
(y-9)(2y^2 +9)
Answers
Answer:
48
Step-by-step explanation:
3.2 - 3 = .2
3(.2) = .6
9 + .6 = 9.6
5 * 9.6 = 48
5 ( 9 + 3 ( 3 - 3.2 ) )
5 ( 9 + 3 * 0.2 )
5 ( 9 + 0.6 )
5 * 9.6 = 48
Answers
Answer:
A. 2/3
Step-by-step explanation:
Plot the points, so you visualize rise/run.
When you start at the point (-3,8) it rises 2 then moves 3 to the right to get to the point (0,10). Then it rises 2 and moves 3 to the right to the point (3,12).
Answers
Answer:
99.85% of American women have shoe sizes that are less than 12.67
Step-by-step explanation:
The Empirical Rule states that, for a normally distributed random variable:
68% of the measures are within 1 standard deviation of the mean.
95% of the measures are within 2 standard deviation of the mean.
99.7% of the measures are within 3 standard deviations of the mean.
In this problem, we have that:
Mean = 8.2
Standard deviation = 1.49
Using the empirical rule, what percentage of American women have shoe sizes that are less than 12.67
12.67 = 8.2 + 3*1.49
12.67 is 3 standard deviations above the mean.
Since the normal distribution is symmetric, 50% of the measures are below the mean and 50% are above. Of those 50% above, 99.7% are between the mean and 12.67. So
0.5 + 0.997*0.5 = 0.9985
99.85% of American women have shoe sizes that are less than 12.67