If you borrow $900 for 6 years at
an annual interest rate of 7%, how
much will you pay altogether?

Answers

Answer 1

If you borrow $900 for 6 years at an annual interest rate of 7%. You will pay $1350.65

What is an annual interest rate?

"An annual interest rate is expressed as an interest rate. It calculates what percentage of the principal you'll pay each year by taking things such as monthly payments into account."

According to the problem

If you borrow $900 for 6 years at an annual interest rate of 7%

You will pay = [tex]90(1+\frac{r}{100} )^{t}[/tex]

= [tex]900(1+\frac{7}{100} )^{6}[/tex]

= [tex]900(1.07)^{6}[/tex]

= $1350.65

Hence, you will pay $1350.65

Learn more about annual interest rate here

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Answer 2
Answer: $1278

Step-by-step explanation:

First, you convert 7% to a decimal.

0.07

Then you multiply.

900*6*0.07

The answer is 378.

Wait we are not done yet. We need to add dollars per year with 378.

900+378=1278

The answer is 1278.


Related Questions

Shelly spent $110 for renting a bicycle while she was on vacation. The rental consisted of a one-time payment of $20 and then $15 per day. Which number line shows the number of days, d, she rented the bicycle?

Answers

Answer:

well if she rents for 1 week it is $105 + the 1 time payment of 20

Step-by-step explanation:

110+105+20= $235

Answer:

i would say she spends $110 for renting a bicycle, and the d would be $15 per day.

Step-by-step explanation:

Lin and Diego both ran for 10 seconds, each at their own constant speed. Lin ran 40 meters and Diego ran 55 meters. How far did each person move in 1 second

Answers

Answer:Lin 4 and Diego 5.5

Step-by-step explanation: Lin 40÷10=4 and Diego 55÷10=5.5

helppp ill mark u as brain list​

Answers

Answer:

Inverse Proportion

Step-by-step explanation:

As x increases, y decreases. so. inverse proportion

It is non proportional because it doesn’t make a straight line through the graph! ✨

whats your ALL TIME pet peeve?

Answers

Answer:

Clutter

Step-by-step explanation:

I cant stand it. But only with other people.

Answer:

people using the microwave and then taking the food out like 12 seconds before it finishes and then closing it and not resetting the time (not pressing cancel) so then i have to.

Step-by-step explanation:

:/

Which statements are true for solving the equation 0,5 - 1x - 12) = -0,25? Check all that apply

Answers

Answer:

c,b,d

Step-by-step explanation:

i took the test

A calendar shop has 4,960 calendars. Each rack can hold 32 calendars. How many racks does the store need to use?

Answers

Answer:

the answer is 155

Step-by-step explanation:

divide 4960 by 32

-Consumer Awareness The prices per gallon of
regular unleaded gasoline at three service stations are
$3.439, $3.479, and $3.589, respectively. Find the
average price per gallon

Answers

Answer:

$3.502

Step-by-step explanation:

Average price per gallon = Sum of the prices/Number of prices

= (3.439+3.479+3.589)/3

= 10.507/3

= 3.502

2-41.
Find all missing angles in the diagrams below.

Answers

the answer is 29! and 28

Answer:

I don't know that answer but you should do google lens

HELP!!!
10 POINTS!!!

Answers

Answer:

The line shape will be reflected over line y = -x

Step-by-step explanation:

If you were to draw these lines and reflect the image, the image will show as being reflected into quadrant 3.

please answer. i need help.

Answers

17. True (bc anything multiplied by 0 equals 0)

18. True (bc 13=13)

19. True (bc 6=6)

20. True (bc 7(x-3)=7x-21)

21. True (bc the negative sign cancels out the positive sign)

22. True (bc y=3 and 3=y are the same)

23. True (bc they are the same just rearranged)

24. True (because x and z both equal -1)

25. True (anything multiplied by 1 stays the same)

Given the following similar triangles, answer the following questions.
1. What is the scale factor?
2. What is the value of x?
an
x
14
48

Answers

Step-by-step explanation:

triangles are similar so

their sides are the same rapport

48/6=x/5

scale factor is 48/6=8

value of x ,we can use the formula

48/6=x/5

8=x/5

x=8*5=40

What is 3/7 to the 2nd power?

Answers

Answer:

9/49

Step-by-step explanation:

(3/7) 2

(3/7)(3/7)=

3^2/7^2

=9/49

I hope this is right!

An underground mine elevator descends 12% of the total depth every minute. The total depth of the elevator is 75 meters below the ground. How many meters below the ground is the elevator after 2 minutes?

Answers

Answer:

18m below the ground

Step-by-step explanation:

"An underground mine elevator descends 12% of the total depth every minute. The total depth of the elevator is 75 meters below the ground. How many meters below the ground is the elevator after 2 minutes?"

We want to estimate the depth after certain number of time

Given

total depth=75m

rate of descends =12% of total depth

= 12/100*75= 0.12*75

=9 meters per minute

Therefore in 2 minutes we can use the expression to find the distance/depth

speed= distance/time

9=distance/2

distance=9*2

distance= 18 meters

Therefore the elevator is 18m below the ground in 2 minutes

Answer:

18 meters

Step-by-step explanation:

i took the test

Write two different phrases that can both mean 5t - 4 = 1

Answers

1 = 4 - 5t and 4 - 5t + 1

30 POINTS!
Servers’ Collected Tips
Customers
54
46
34
67
52
22
49
64
55
80
38
42
Tips ($)
$92
$80
$76
$121
$109
$43
$87
$114
$99
$174
$88
$91

a) Create a scatterplot displaying the data in the table. Be sure to include a linear trend line.

Answers

Answer:

for A i do not know

B. 1.875x+12.25

C.50

B.track the number of customers served and the amount of tips collected per day

Step-by-step explanation:

Answer:

here is a

Step-by-step explanation:

sorry Im late

Which one?
A. B. C. or D?​

Answers

the answer is b

Step-by-step explanation:

Can I get some help with this please?

Answers

....................................

Add.
-7/2 + 5/4

PLS HELP

Answers

Answer:

-9/4 or -2 1/4 (it is the same amount)

Step-by-step explanation:

If 48 gallons of water are poured into an empty bathtub, then ¾ of the bathtub is filled. How many gallons does a full bathtub hold?

Answers

Answer:

60 gallons

Step-by-step explanation:

divide 48 by 4 to find out how much 1/4 of the bathtub is, it is 12 gallons

then add 12 to 48 so you fill the whole bathtub, you should get 60 gallons

Answer:

64 gallons

Step-by-step explanation:

Divide. 48 divided by 3/4 is 64.

10 A man spends 88% of his salary. He now has £216 left.
What is the man's salary?​

Answers

Answer:

£1,800

Step-by-step explanation:

please help me quickly!

Answers

This is the solution. Hope this helps

Answer:

6xy+4

Step-by-step explanation:

If they have 20 pounds of strawberries to freeze.If they put 1.25 pounds of strawberry would in to each freezing container how many containers will they fill

Answers

Answer:

They will fill 16 containers

Step-by-step explanation:

From the question,

They have 20 pounds of strawberries to freeze and they put 1.25 pounds of the strawberry into each freezing containers.

To determine how many freezing containers they will fill, we will divide the total mass of strawberries they have by the mass of strawberry they put into each freezing containers.

Hence,

Number of containers they will fill = Total mass of strawberries that have / Mass of strawberry they put into each container

Total mass of strawberries that have = 20 pounds

Mass of strawberry they put into each container = 1.25 pounds

∴ Number of containers they will fill = 20 pounds / 1.25 pounds

Number of containers they will fill = 16

Hence, they will fill 16 containers.

can someone please helpppp

Answers

can you show the full thing?

Half a number increased by 4 is the same as six less than that number

Answers

Answer:

the number is 20

Step-by-step explanation:

Denote the number as "x",

write out the problem:

(1/2(x)) + 4 = x - 6

inverse operations

(1/2(x)) + 4 = x - 6

           +6        +6

(1/2(x)) + 10 = x

-(1/2(x))           -(1/2(x))

10 = ((1/2)x)

*2       *2

20 = x

what is the range of the function?

a. 1,2,3,4
b. 2,4,9,16
c. 1,2
d. 1,2,3,4,9,16​

Answers

your answer is b. range is all of the y coordinates

Answer:

the answer is b

Which expression is equivalent to ^4 sqrt x^10

Answers

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[tex] \sqrt[4]{ {x}^{10} } = \sqrt[4]{ {x}^{4} \times {x}^{4} \times {x}^{2} } = [/tex]

[tex]x \times x \times \sqrt[4]{ {x}^{2} } = {x}^{2} \sqrt[4]{ {x}^{2} } [/tex]

Thus the correct answer is the first one.

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i bet no one on here can hit my ovh

Answers

Answer:

Step-by-step explanation:

ok weirdo

2 lbs. of halibut costs $16. what does it cost for 7 lbs. of halibut

Answers

Answer:$64

Step-by-step explanation:2x3=6 16x3=48 48+16=$64

Write the equation of the line that contains the points (0, -5) and (3,-1).

Answers

rfeahjuiol;grehujil;keuipyhraeglhui;aSEDVFRIULGH C

The following image was reflected over the x-axis. What are the coordinates of C’?

Answers

Answer:

C' is (6,3)

Step-by-step explanation:

Since the new image was reflected over the x-axis, the x-coordinate would be the same as the orginial, it wouldn't change. The only thing that would change is the y-coordinate. The image has to be the same distance away from the original, so that means the y-coordinate would be the opposite sign. Reflecting the image over the x-axis would put it in quadrant one, so the y-coordinate would have to be positive.

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