You have a part time job in your junior year of high school. You need to borrow $2,000 to purchase a used car to drive to work. The local bank will lend you money for 2 years at a rate of 9% compounded quarterly. Your uncle offers to lend you the money in the form of a promissory note for 2 years with an annual simple interest rate of 6%. How much money will you save by borrowing the money from your uncle?

Answers

Answer 1

Answer:

$149.66

Step-by-step explanation:

Step 1

Calculate Total Amount payable to the bank using compound interest

Total Amount payable (A) =

P(1 + r/n)^nt

P = Principal = $2000

r = Interest rate = 9% = 0.09

n = compounding interest = quarterly = 4

t = time in years = 2

Total Amount payable

= 2000(1 + 0.09/4)^0.09 × 2

A = $ 2,389.66

Interest = A - Principal

= $ 2,389.66 - $ 2,000.00

I (interest) = $ 389.66

Step 2

Calculate the Total amount payable to his uncle using simple interest.

Total Amount (A) = P(1 + rt)

P = Principal = $2000

r = Interest rate = 6% = 0.06

t = time in years = 2

A = 2000(1 + 0.06 × 2)

A = $2,240

A - Principal

= $ 2,240 - $ 2,000.

I (interest) = $240

Step 3

The amount of money you will save by borrowing the money from your uncle is calculated as:

Amount payable to the bank - Amount payable to your uncle

= $ 2,389.66 - $2,240

= $149.66

Therefore, the amount of money you will save by borrowing the money from your uncle is $149.66


Related Questions

The length and width of a rectangular yard are 11 meters and 5 meters respectively. If each dimension were reduced by x meters to make the ratio of length to width 8 to 3, what would be the value of x

Answers

Answer:

x=7/5

Step-by-step explanation:

Original dimensions

Length=11 meters

Width=5 meters

Each dimension reduced by x meters

L=11-x

W=5-x

Length/width=ratio of length/ratio of width

11-x/5-x = 8/3

Cross product

(11-x)3 =( 5-x)8

33-3x=40-8x

-3x+8x=40-33

5x=7

x=7/5

Check:

11-7/5=55-7/5

=48/5

5-7/5=25-7/5

=18/5

48/5÷18/5

=48/5*5/18

=240/90

=24/9

=8/3

Length: width=8:3

Helppppp plzzzz ❤️❤️❤️❤️I’m crying help with my math

Answers

Answer:

A

Step-by-step explanation:

I'm certain the answer is this, and I understand that you are in a hurry. I can update it anytime you'd like to see the explanation

Find the value of x:

Answers

Step-by-step explanation:

angle (JIF) = 2x°

so angle (FIG) = (180 - 2x)°

Also , IK || EH

So , angle KIG = angle IGF = x°

angle (EFI) = 3x°

angle (IFG) = (180 - 3x)°

In triangle IFG ,

angle IGF + angle IFG + angle FIG = 180°

=> x + 180 - 3x + 180 - 2x = 180

=> 360 - 4x = 180

=> 4x = 360 - 180 = 180

=> x = 180 / 4 = 45°

The table shows the temperature of an amount of water set on a stove to boil, recorded every half minute.

A 2-row table with 10 columns. The first row is labeled time (minutes) with entries 0, 0.5, 1.0, 1.5, 2.0, 2.5, 3.0, 3.5, 4, 4.5. The second row is labeled temperature (degrees Celsius) with entries 75, 79, 83, 86, 89, 91, 93, 94, 95, 95.5.
According to the line of best fit, at what time will the temperature reach 100°C, the boiling point of water?

Answers

Answer:

A.) 5

Step-by-step explanation:

the answers for me are 5, 5.5 ,6 ,6.5

A line of best fit will show that the time at which the temperature will reach 100°C, the boiling point of water is 6.5 minutes

What is a line of best fit?

A line of best fit in a line graph is the line that allows for equal amount of outliers to the left and to the right of the line.

The line plot of the data above will have time on the horizontal axis and temperature on the vertical axis.

Plotting the points on the graph and drawing a line of best fit will show that the time at which the temperature will reach 100 °C is 6.5 minutes.

Therefore, the time at which the temperature will reach 100°C, the boiling point of water is 6.5 minutes.

Learn more about line of best fit at: https://brainly.com/question/1441182

Max must take 10 steps to go the same distance as three of his dad's steps. His dad takes 30 steps to walk down the hall. How many steps must Max take to walk down the same hall?

Answers

Max : 10 steps : Dad: 3 steps.

So it you multiply those each by ten, you get

100 steps : 30 steps.

30 Dad steps is 100 Max steps, so you get the answer, which is 100!

The steps taken by Max is 100.

what is arithmetic operators?

A mathematical function that performs a calculation on two operands is known as an arithmetic operator. Common arithmetic makes use of them, and the majority of computer languages include a set of such operators that can be used in equations to carry out a variety of sequential calculations.

Given

steps taken by Max = 10

Steps taken by his Dad = 3

both steps of Dad and steps of Max should be in ratio

3/10 …(1)

steps taken by his Dad = 30

let steps taken by Max = x

ratio = 30/x …..(2)

equation 1 equals equation 2

3/10 = 30/x  

x = (30 x 10)/3

x = 100

Hence Max must take 100 steps.

Learn more about arithmetic operators;

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In the xy-coordinate plane, a line has a slope of −5/3. If the line crosses the y-axis at (0, b), at what point does it cross the x-axis?

Answers

Answer:

([tex]\frac{3}{5}[/tex] b, 0 )

Step-by-step explanation:

The equation of a line in slope- intercept form is

y = mx + b ( m is the slope and b the y- intercept )

Here m = - [tex]\frac{5}{3}[/tex] and b = b , thus

y= - [tex]\frac{5}{3}[/tex] x + b ← equation of line

The line crosses the x- axis when y = 0, substitute y = 0 into equation and solve for x, that is

- [tex]\frac{5}{3}[/tex] x + b = 0 ( multiply through by 3 to clear the fraction )

- 5x + 3b = 0 ( subtract 3b from both sides )

- 5x = - 3b ( divide both sides by - 5 )

x = [tex]\frac{3}{5}[/tex] b , thus

x- intercept = ( [tex]\frac{3}{5}[/tex] b, 0 )

Answer:

( b, 0 )

Step-by-step explanation:

Select the equation that could represent the relationship between f(x) and g(x).

Answers

Answer:

C

Step-by-step explanation:

First, f(x) and g(x) are mirror image over the x-axis. so add a -ve in front.

Second, f(x) is about 2x steeper than g(x), that is its slope is doubled. so add a 2 in front.

Thus, f(x) = -2 g(x)

HURRY ILL GIVE YOU BRAINLY ;DD

Answers

Hi there!! (✿◕‿◕)

⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐

A.) 4/100

B.) 5,250,000

C.) C. 6/100

Hope this helped!!  ٩(◕‿◕。)۶

Answer:

A) 4/100

B) 5,250,000

C) C) 6/100

Step-by-step explanation:

A) the 4 is in the hundredths place, so it’s worth 4/100.

B) 5,250,000. (250,00 is a quarter million)

C) the 6 is in the hundredths place, so it’s worth 6/100.

can someone please help me?

Answers

Answer:

-1

Option C is the correct option.

Step-by-step explanation:

Let the points be A and B

A ( -2 , 7 ) -----> ( x1 , y1 )

B ( 2 , 3 )-------> ( x2 , y2)

Now, let's find the slope:

Slope = [tex] \frac{y2 - y1}{x2 - x1} [/tex]

plug the values

[tex] = \frac{3 - 7}{2 - ( - 2)} [/tex]

Calculate the difference

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

When there is a ( - ) in front of an expression in parentheses, change the sign of each term in the expression

[tex] = \frac{ - 4}{2 + 2} [/tex]

Add the numbers

[tex] = \frac{ - 4}{4} [/tex]

Any expression divided by its opposite equals -1

[tex] = - 1[/tex]

Hope this helps..

Best regards!!

round off 285 to the nearest ten​

Answers

Answer:

290

Step-by-step explanation:

Answer:

290

Step-by-step explanation:

I mean you just have to look at a number line and see that 285 is closer to 290 instead of 280...

The exchange rate for US dollars is £1=$1.62.How many dollars will I get for

a) £3. b)50p. c) £2.60 d) £5.63
Round your answer to 2 decimal places.​

Answers

A-4.86
B-
C-3.31
D-8.92

Need help quick quick quico

Answers

Answer:

7 batches

Step-by-step explanation:

Julie gathered data about the numbers of pages and chapters in several books by her favorite author.The equation of the line of best fit is y = 15.261x + 8.83. Based on the line of best fit, approximately how many pages are predicted to be in a book with 8 chapters? A. 113 B. 122 C. 131 D. 193

Answers

Answer:

C

Step-by-step explanation:

To get the approximate number of pages in the chapters, what we need to do is to substitute for the value of x in the line of best fit equation.

Thus, we have;

y = 15.261(8) + 8.83 = 122.088 + 8.83 = 130.918

This is approximately equal to 131

To which set or sets below does the number -7/8 belongs to ?

Answers

Answer:

-7/8

Step-by-step explanation:

If f(x) is the total cost, in dollars, of x candles, which of the following statements best describes the meaning of f(2)=6

Answers

Answer: A) The total cost of 2 candies is $6.00.

Step-by-step explanation:

Hi, the question is incomplete,  options are :

A) The total cost of 2 candies is $6.00. B) The total cost of 6 candies is $2.00. C) The total cost of 2 candies is $3.00. D) The total cost of 3 candies is $2.00.  

So, to answer this question we have to analyze the function given:

f(2)=6

Since the input value x (number of candles) is 2, and the output (cost in dollars ) is $6, the correct option is :

A) The total cost of 2 candies is $6.00.  

If 18% of q is 27 , what is 27% of 2q

Answers

In this problem, there are two parts. We will need to find what q is if 18% of q is 27, and what 27% of 2q is.

First, let's set up and solve the equation for 18% of q is 27.

18 / 100 = 27 / q

100q = 486

q = 4.86

Next, we'll find the value of 2q.

2(4.86) = 9.72

Finally, we'll set up a proportion and solve for 27% of 2q.

27 / 100 = x / 9.72

100x = 262.44

x = 2.6244

If 18% of q is 27, then 27% of 2q is 2.6244 (round to tenths/hundredths place as needed).

Hope this helps!! :)

Answer:

81

Step-by-step explanation: Let's first find the value of q

[tex]18/100 \times q = 27\\\frac{18q}{100} = \frac{27}{1}\\18q = 2700\\\frac{18q}{18} = \frac{2700}{18} \\q= 150.\\[/tex]

Now we can find 27% of 2q

[tex]27 \% \times 2q = \\27 \% \times 2(150)\\\frac{27}{100} \times 300\\\\= \frac{8100}{100} \\= 81[/tex]

A taste test asks people from Texas and California which pasta they preferred brand a or brand b this table shows the results. A person is randomly selected for those tested. What is the probability that the person is from Texas given that the person prefers Brand b? Round your answer to two decimal places.

Answers

Answer: I just did it and the answer is 0.43

Step-by-step explanation:

Using it's concept, it is found that the probability that the person is from Texas given that the person prefers Brand b is given by:

A. 0.43.

What is a probability?

A probability is given by the number of desired outcomes divided by the number of total outcomes.

In this problem, 105 people prefer brand B, and of those, 45 are from Texas, hence:

p = 45/105 = 0.43.

Which means that option A is correct.

More can be learned about probabilities at https://brainly.com/question/14398287

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|3x+9|= 30

Answer: x=7, -13

Answers

Answer:

[tex]\boxed{x=7, \: x=-13}[/tex]

Step-by-step explanation:

[tex]|3x+9|= 30[/tex]

Solve for absolute value.

There are two possibilities.

One possibility:

[tex]3x+9=30\\3x=21\\x=7[/tex]

Second possibility:

[tex]3x+9=-30\\3x=-39\\x=-13[/tex]

Find the sum. Express your answer in simplest
form.

Answers

Answer:

( 3u +12) / (v^2+4)

Step-by-step explanation:

(-u+3) / (v^2+4) + ( 4u+9)/( v^2+4)

Since the denominators are the same, we can add the numerators

((-u+3) + ( 4u+9)) /( v^2+4)

Combine like terms

( 3u +12) / (v^2+4)

Hey loves. Again, needing help with a math question.When will this end? Never, or at least until I get it.:). Help is much appreciated

Answers

Answer:

Hey there!

SL=KR

We can't prove that the triangles are congruent, but since SL=SK+KL, and KR=RL+LK. We have RL=SK, so we have two lines:

SL=SK+KL

KR=SK+KL

These are clearly congruent, making these two lines congruent.

Hope this helps :)

Jada and jack are each working during the summer to earn money in addition to their weekly allowance, and they are saving all their money. Jada earns $9 an hour at her job and her allowance is $8 per week. And Jack earns $7.50 an hour and his allowance is $16 per week. How many hours do Jada and Jack need to work in order to save the same amount of money in one week?

Answers

They would both need to work 5.3333 hours.
8+9x=16+7.5x
9x=8+7.5x
1.5x=8
x=8/1.5
or 5.3333

If log3=0.4771 and log2=0.3010,Find the value of log12

Answers

Answer:

log 12 = 1.0761

Step-by-step explanation:

log 12

=log(3*2*2)

= log 3 +log 2+ log 2

=0.4771+0.3010+0.3010

=1.0761

Answer:

Log 12 = 1.0791

Step-by-step explanation:

=> log (12)

Prime Factorizing 12

=> log (2×2×3)

Using log rule : [tex]log (a*b) = log a+logb[/tex]

=> Log 2 + log 2 + log 3

Given that log 2 = 0.3010 , log 3 = 0.4771

=> 0.3010 + 0.3010 + 0.4771

=> 1.0791

Which represents the solution(s) of the system of equations, y + 4 = x2 and y – x = 2? Determine the solution set by graphing.

(–2, 0)
(–2, 0) and (2, 0)
(–2, 0) and (3, 5)
no solutions

Answers

Answer:

c

Step-by-step explanation:

c

Answer:

the answer is C ;D

Step-by-step explanation:

I WILL GIVE BRAINLIEST!!!! A teacher is grading the final exam. He notices that the mean test score is 61, and the standard deviation is 10. The test scores were normally distributed. if there were 450 students in the data sample, how many would have a test score between 61 and 71 *Round your answer to the nearest full value.

Answers

Answer:

153.586 close to 154 students

Step-by-step explanation:

mean=61

standard deviation =10

sample 450 students , x between 61 and 71

(x-mean)/deviation for score 61 and 71

61-61/10=0

71-61/10=1

the z-scores is between 0 and 1 ( use calculator)

the percentage is 0.3413 close to 34%

number of students that score between 61 and 71=

450*0.3413= 153.586 close to 154 students

4/5 (x − 20) = 8 solve it

Answers

Answer:

30

Step-by-step explanation:

4/5 (x-20)=8

4/5x-4/5*20=8

4/5x-16=8

4/5x=24

x=(24*5)/4

x=30

hope it helps..

(a) use the pythagorean theorem to determine the length of the unknown side of the triangle, (b) determine the perimeter of the triangle, and (c) determine the area of the triangle. the figure is not drawn to scale.

a. the length of the unknown side is ___

b. the perimeter of the triangle is ___

c. the area of the triangle is ___

Answers

Answer:

(A) 40 km

(B) 90 km

(C) 180 km²

Step-by-step explanation:

To find the missing side of this triangle, let's use the Pythagorean theorem.

[tex]a^2+b^2=c^2[/tex], assuming that a and b are legs, and c is the hypotenuse.

Assuming the 9km side is a, we need to find the value of b, so we can substitute into the equation.

[tex]9^2+b^2=41^2\\81+b^2=1681\\b^2=1681-81\\b^2=1600\\\\b = \sqrt{1600} \\b=40[/tex]

So, the length of the missing side is 40. Now that we know this piece of information, we can find the perimeter and area of the triangle.

The perimeter is all the sides added together, so [tex]41+9+40 = 90[/tex] km is the perimeter.

The area are the two legs multiplied divided by 2.

So,

[tex]\frac{9\cdot40}{2} \\\\\frac{360}{2}\\\\180[/tex]

So the area of this triangle is 180 cm²

I hope this helped!

Please Help ME!! I BEG YALL! Ill give BrAINlIeSt! :) Given the figure below, find the values of x and z.

Answers

Answer: [tex]\left \{ {{x=10} \atop {z=63}} \right.[/tex]

Step-by-step explanation:

Vertical Angles states that 9x+27=117

Supplementary Angles states that 117+z=180

[tex]9x+27=117\\Subtract (27)\\9x=90\\Divide(9)\\\left[\begin{array}{c}x=10\end{array}\right] \\\\117+z=180\\Subtract(117)\\\left[\begin{array}{c}z=63\end{array}\right][/tex]

Hope it helps <3

A pair of parallel lines is cut by a transversal: A pair of parallel lines is cut by a transversal. The interior angle made on the left by the intersection of the upper parallel line and the transversal is divided into 2 parts by a slanting line. One part of this angle is labeled as x, and the other part is labeled as 20 degrees. The interior angle made on the right by the intersection of the lower parallel line and the transversal is labeled as 80 degrees. What is the measure of angle x? 60 degrees 70 degrees 80 degrees 100 degrees

Answers

X would equal 60 degrees because the degree of the top left area is equal to the degree of the bottom right. So the equation would be x+20=80 so you would solve to get x=60

SOMEBODY!!! HEELLLLLLP if you can help me with one question that's fine!

Answers

Step-by-step explanation:

Question 1

The 20° angle is equal to the angle next you friend.

since they are interior alternate angles

The height of the ballon is 600 feet

Let x be the missing distance we are looking for

sin20° = 600/x            switch x and sin 20° x = 600/ sin 20° x=1754.28≈ 1754 ft

so the missing distance is 1754 feet

Question 2

Here I represented the situation to visualize the problem

Let h be L be the length of the ladder

sin 30° = 7/L          switch L and sin 30°L= 7/sin 30° = 14L = 14 ft

so the ladder is 14 ft

If you download the app connects it helps you with any math problem and live people actually solve it for you

The volume inside of a sphere is V=4πr33 where r is the radius of the sphere. Your group has been asked to rearrange the formula so that it is rewritten to solve for r. Below are various solutions that your group-mates have arrived at. Select the correct one A) r=3V4π−−−√ B) r=3V4π−−−√3 C) r=3V√34π D) r=4V3π−−−√3

Answers

Answer:

Step-by-step explanation:5

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Don?s reconciliation is as follows.Cash balance per bank $3,800.20Add: NSF check 570.00Less: Bank service charge 35.00Adjusted balance per bank $4,335.20Cash balance per books $4,115.20Less: Deposits in transit 650.00Add: Outstanding checks 940.00Adjusted balance per books $4,405.20Prepare a correct bank reconciliation. 21. Evidence in support of the importance of endosymbiosis in the evolution ofeukaryotic cells is:a, Organelles that have their own unique unique DNA and ribosomesOrganelles that have a double membrane6. Organelles are in the same size range as free living prokaryotesd. All of the above x The denominator of a rational number is greater than its numerator by 3. If 3 is subtracted from the numerator and 2 is added to its denominator, the new number becomes 1/5 . find the original number