You decide to borrow money to pay for college at 22% interest per year, in 2023.
How much will you owe on a loan of $5,000 in 2027?

Answers

Answer 1

Answer: On  loan of $5000 at that rate, you would be owing $9400

Step-by-step explanation: The loan is being borrowed at an interest rate that is calculated yearly. This is a case of a simple interest. The same amount of interest is calculated and that will be payable per year. The amount borrowed is the principal, and in this instance is $5000. The amount of interest payable is calculated as 22 percent of the principal and is paid yearly. So if a loan (principal amount) of $5000 is borrowed for a period of 4 years (that is, 2023 to 2027), then the interest is calculated for four years.

Hence, the formula for a simple interest computation is given as follows;

Interest = P x R x T

Where P = 5000, Rate = 0.22 (22 percent), and T = 4 (time in years)

Interest = 5000 x 0.22 x 4

Interest = 20000 x 0.22

Interest = 4400

Therefore, from the calculations shown, a loan of $5000 at the rate of 22% borrowed from 2023 to 2027 would have an interest payable of $4,400.

Upon repayment of the loan, you would be owing a total of $9,400 (that is, amount borrowed plus interest owing)


Related Questions

Solve for y: 12x + 4y = 24
Plz help
A) y=4
B) y=-3x+6
C) y=-1/2x+4
D) y=2x+4

Answers

Answer: b

Step-by-step explanation:

which one isn’t a function ?

Answers

Answer:

D isn't a function because points intersect vertically on the graph

Step-by-step explanation:

Suzy is shopping at a book sale. The table shows prices for paperbacks.

A two-column table with 3 rows. Column 1 is labeled Books (x) with entries 4, 6, 8. Column 2 is labeled Cost (y) with entries 6, 9, 12.

These points are graphed. Notice the pattern of the points. What is the rate?

The cost is $
for every 2 books.

Answers

Answer:

3 bucks

Step-by-step explanation:

The rate of change is 2 and the cost of two books is $3.

What are lines and their slopes?

We know lines have various types of equations, the general type is

Ax + By + C = 0, and the equation of a line in slope-intercept form is

y = mx + b.

Where slope = m and b = y-intercept.

the slope is the rate of change of the y-axis with respect to the x-axis and the y-intercept is the (0,b) where the line intersects the y-axis at x = 0.

Given, Suzy is shopping at a book sale. The table shows prices for paperbacks.

The points are, (4, 6), (6, 8), and (8, 12).

Slope(m) = (12 - 8)/(8 - 6).

Slope(m) = 4/2.

Slope(m) = 2.

Now, 4 books cost $6, hence 2 books cost $3.

learn more about lines and slopes here :

https://brainly.com/question/3605446

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In the diagram of circle A, what is the measure of ZXYZ?
35
70°
75
140

Answers

The solution is, the value is 35 degrees, is the measure of ZXYZ.

What is an angle?

In Plane Geometry, a figure which is formed by two rays or lines that shares a common endpoint is called an angle. The two rays are called the sides of an angle, and the common endpoint is called the vertex.

here, we have,

from the given diagram, we get,

Using the intersecting secant theorem:

Angle xyz = 1/2( wz- XX)

Xyz = 1/2(175-105)

Xyz = 1/2(70)

Xyz= 35

The solution is, the value is 35 degrees, is the measure of ZXYZ.

To learn more on angle click:

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Kim works at an ice-cream store. She wants to calculate how much ice-cream one cone can hold. If the cone is 6 inches tall and the circular opening at the top is 2.5 inches across, how much can the cone hold? Round to the nearest tenth at the end.

Answers

Answer:

The cone holds 9.8 cubic inches ice cream

Step-by-step explanation:

Height of cone = 6 inches

The circular opening at the top is 2.5 inches across

Diameter of cone = 2.5 inches

Radius of cone = [tex]\frac{2.5}{2}=1.25[/tex]

Volume of cone = [tex]\frac{1}{3} \pi r^2 h[/tex]

Volume of cone = [tex]\frac{1}{3} \times 3.14 \times 1.25^2 \times 6[/tex]

Volume of cone = [tex]9.8125 in^3[/tex]

Hence the cone holds 9.8 cubic inches ice cream.

Todd has created the following diagram to prove the Pythagorean theorem. He drew (triangle)ABC with leg lengths a and b and hypotenuse length c. Then he drew altitude CZ to the hypotenuse. He determines that c/a=a/z and c/b=b/y. Then he determines that cx=a^2 and cy=b^2. What is the next step in proving the theorem?

Answers

Answer:

cx + cy = a² + b²

Step-by-step explanation:

Next step is adding up cx and cy:

cx + cy = a² + b²

Then followed by:

c(x+y) =  a² + b²c² =  a² + b²

Answer: cx + cy = a² + b²

Step-by-step explanation:

What is the solution to the equation below? Round your answer to two
decimal places
e^x = 5.9

Answers

Answer:.1.77

Step-by-step explanation:

e^x = 5.9

Take the natural logarithm of both sides

x = ln (59/10)

x = 1.77

Answer: x=1.77

Step-by-step explanation:

A P E X

Jared makes $133 per hour, but he loses 20% of his pay for a day if his boss catches him on the internet. If Jared works for 8 hours a day for 5 days, and his boss only catches him on the internet once how much money will he make in the five days?

Answers

Answer:

$5107.20

Step-by-step explanation:

His pay after he was caught once

133x 8=1064

1064x 20% = 212.8

1064-212.8=851.2

1064x 4= 4256

4256+ 851.2=5107.2

you can choose more than 1

Answers

Answer:

A

Step-by-step explanation:

If you were to multiply the top by 7 then add you would cancel out the x and if you were to multiply the bottom by 6 then when you use the subtraction method you multiply the top by negative and if that were to happen you would do -6x + -6x which would cancel nothing out. But if you just add the two equations nothing would cancel out.

Hope this helped!

Answer:

A

Step-by-step explanation:

If you multiply the top by 7, when you add you can cancel out -7x and 7x. The second one doesn't work because it said subtract at the end. If you subtract then it won't cancel out the y's.

What is the area of the shaded region to the nearest tenth of a foot?

Answers

It would be 294 because you are multiplying them together

What are the rules of simplifying exponents?

Answers

Answer:

To simplify a power of a power, you multiply the exponents, keeping the base the same. For example, (23)5 = 215. For any positive number x and integers a and b: (xa)b= xa· b.

Step-by-step explanation:

Four less than 3 times a number is the same as the number plus 10 - in an equation

Answers

Answer:

4-3x=x+10

Step-by-step explanation:

4- (four less)

3x (3 times a number)

= (is the same as)

x (the number)

+10 (plus ten)

Please rate, thanks, mark brainliest if this helps!

I need the answer ASAP! Thanks! ❤️

Answers

Strong and positive
Your answer will be sting and positive

just some math :> and meh needs halp



Answers

Answer:16

Step-by-step explanation:

5 times 2 is 10. 10 times 0 is 0. 1 times 6 is six

The figure below shows the quotient of Fraction 3 over 4 divided by Fraction 3 over 8 .

Rectangle divided into eight equal parts, where the first three-part is shaded dark representing three-eighths, the next three parts are shaded light to complete the three-fourths, and the last two parts are not shaded

The quotient is ____.

Answers

3/4 divided by 3/8 is 2
The correct answer is 2

Which equation in point-slope form contains the points (0,5) and (5,8)?
A. y - 8 = (x - 5)
B. y - 5 = (x – 8)
c. y - 8 = {(x - 5)
D. y - 5 = (x – 8)

Answers

I'm going to assume you pasted the question and answers and the fractions for the slope didn't come up.

Solve for the slope using the given values.

Slope formula: y2-y1/x2-x1

= 8-5/5-0

= 3/5

Point slope form: y - y1 = m(x - x1)

Using the point (5, 8) and the slope (3/5), it should look like:

y - 8 = 3/5(x - 5)

Best of Luck!

A blueberry bush was 13 inches tall. One year later, the bush was 25 inches tall.
Which number sentence shows how many inches the bush grew in one year?

Answers

Answer:

12 inches

Step-by-step explanation:

25-13=12

(How much it grew in the last year.)

Answer:
12 inches

Expression:
25-13

which of the following are properties of the circumference of a triangle

Answers

Answer:

angle, length height

Step-by-step explanation:

The circumference of a triangle are the lengths of all three sides added together. If you ask yourself what are the properties you need to measre the lengths of a side.

what is the answer to:

16^3/2​

Answers

In my view the answer is 2,048

I am not sure about this answer..so if it is mistake then sorry

Answer:

[tex]16^\frac{3}{2} = 64[/tex]

Step-by-step explanation:

[tex]16^\frac{3}{2}[/tex]

Factor the number: [tex]16 = 4^2[/tex]

[tex]= (4^2)^{\frac{3}{2} }[/tex]

Apply exponent rule: [tex](a^b)^c=a^b^c[/tex]

[tex]\left(4^2\right)^{\frac{3}{2}}=4^{2\cdot \frac{3}{2}}=4^3[/tex]

[tex]= 4^3[/tex]

Refine:

[tex]=64[/tex]

Hope I helped, may I get brainliest and a thanks?

Thank you, have a good day! =)

Line segments AB and BC are tangents to Circle P. What is the value of x?
a.117
b.73
c.107
d.146

Answers

Answer:

c. 107°

Step-by-step explanation:

In the figure attached, Circle P, segments AB and BC, and angle x are shown.

From circumscribed angle theorem, we know that angle ABC and angle x are supplementary, then:

x + 73° = 180°

x = 180° - 73°

x = 107°

1. What side in the second trapezoid corresponds to CD?
choices:
RU
ST
TU
RS

2. What angle in the second trapezoid corresponds to B?

choices:
T
S
U
R



Answers

Answer:

1...ut

2..s

Step-by-step explanation:

you can see that the trapezium ABCD is talented than you are St trapezium so then from the ABCD trapezium Appa what then you can see a De is parallel to you are and ab is parallel to AC and DC is parallel parallel to T s and a De is parallel to ur

Answer:

1. UT

2. S

Step-by-step explanation:

1. parallel sides of the first trapezoid are DC and AB, the last being the longest

so the answer is

UT, which is shorter base

2. B is the right angle

so S is the one on the second trapezoid

Ming took a cab across town. His fare was $22, and he leaves an 18%tip.
What is the total amount Ming pays the cab driver?

Answers

He payed a total of 25.96 because the tip was 3.96

Answer:

$25.96

Step-by-step explanation:

take 18% of 22, which is 3.96. Add it to 22 and that's the amount Ming payed!

What is the exponential form of log4 16 = 2?

Answers

Explenation:

Logarithm

log

b

x

is the exponent of a power with base

b

which gives the number under

log

sign (

x

).

In this example we can say that:

log

4

16

=

2

because:

4

2

=

16

Step-by-step explanation:

(x+4)−(x−1)
HELPPPP
5edrfytguyhidiftougyih;fygvjbmncifyykgvjb mnr6o7ftuglh.bjnhugiyfltudkrysi6d7tfugiy;h/junk;lk

Answers

Answer:

There is no plug-in for x.

X=0.

(0+4) - (0-1) = [(4 - (-1)] = 5.

Answer:

5

Step-by-step explanation:

(x+4) -x +1

x - x = 0

5

Members of alachua district choir were asked, when given the choice between romanticism or gothic style singing, which style they preferred to sing for state competition. The data was broken down by gender

Answers

The question is incomplete, so here is the complete question.

Members of alachua district choir were asked, when given the choive between romanticismor gothic style singing, which style they preferred to sing for state competition. The data was broken down by gender:

48 males preferred Romanticism

63 males preferred Gothic

59 females preferred Romanticism

62 females preferred Gothic

Part A: Fill in and complete the following contigency table. Circle the largest  joint frequency and put a box around the smallest marginal frequency.

                    Romanticism         Gothic            Total

Males

Females

Total

Part B: Which style was preferred as the state competition piece and by what percentage?

Part C: Which subject was preferred the most by Males?

Part D: What frequency does 125/232 represent?

Answer and Step-by-step explanation:

Part A:

             Romanticism        Gothic       Total

Males            48                     63            111

Females        59                     62           121

Total              107                   125         232

Part B: The preferred style is Gothic by a percentage of

P = [tex]\frac{125}{232}[/tex]

P = 54%

Part C: According to the table, the style preferred the most by males was Gothic, since 63 males chose it over 48 that chose Romanticism.

Part D: The frequency 125/232 represents the total of people (male AND female) that preferred Gothic over the total of people in both categories.

6 cm
4 cm
3 cm
12 cm
What’s the purple? Areas

Answers

Answer:

36 cm

Step-by-step explanation:

A = b1 + b2 x h / 1/2

A = 12 + 6 x 4 / 1/2

Aisha is playing a game in which she can gain or lose points on each turn. The table below
shows the points she scores on each of four turns in the game.
Aisha states that her highest score is on Turn 3, because 16 is greater than 3, 10, or 9. Use the
drop-down menus to explain Aisha's mistake.

Answers

Answer:

A score of -16 represents the lowest of points for these four turns.

The number for Aisha's highest score will be turn 2 on the number line.

That number is 10.  

Step-by-step explanation:

Since the options of the drop down menu are not included, you should choose any option similar to lowest.

Aisha's highest score was obtained in turn 2 and that is 10.

Aisha is comparing absolute terms, that is why she believes that -16 represents a good score, while in reality is the worst she got.

need help quick plz​

Answers

I’m gonna say it’s A?

PLS HELP!!!!!! In a survey of 4530 U.S. adults, 87% said that they would like to donate more to charity. What is the margin of error for the survey? Round to the nearest tenth of a percent

Answers

Answer:

Margin of Error = 1.0% to the nearest tenth of a percent.

Step-by-step explanation:

Margin of Error is the width of the confidence interval about the mean.

It is given mathematically as,

Margin of Error = (Critical value) × (standard Error)

Critical value is obtained from the z-tables at the popular confidence level of 95% and z-tables is used because the sample size, 4530, is large enough to approximate the population properties.

Critical value = 1.960

Standard error = σₓ = √[p(1-p)/n]

p = 87% = 0.87

n = sample size = 4530

σₓ = √[0.87×0.13)/4530]

= 0.0049966876

Margin of Error = 1.96 × 0.0049966876 = 0.0097935078 = 0.00979 = 0.979% = 1.0% to the nearest tenth of a percent.

Hope this Helps!!!

Using the unit circle find the exact value. CSC -30º =​

Answers

Answer:

csc (- 30)° = - 2

Step-by-step explanation:

Using the trigonometric relationship

csc x = [tex]\frac{1}{sinx}[/tex] and the exact value sin30° = [tex]\frac{1}{2}[/tex]

sin(- 30)° = - sin30° = - [tex]\frac{1}{2}[/tex], thus

csc (- 30)° = [tex]\frac{1}{-\frac{1}{2} }[/tex] = - 2

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