. mervin needs cash and he needs it now. he goes to advanced financial and takes out a loan of 300.00. advanced financial calls their loans mirco-loans and get to choose their own interest rates. if they set the rate at 70% per year, how much interest will mervin need to pay back in 5 months if interest compounds monthly? how much will he owe in 5 months using approximate equivalent growth?

Answers

Answer 1

Mervin's loan of $300 is an illustration of compound interest

The interest to pay back in 5 months is $74.2, and the amount to pay back in 5 months is $374.2

The interest to pay back in 5 months

The given parameters are:

Principal, P =$300.00Rate, r = 70%Time, t = 5 months

The compound interest is calculated as:

CI = P * (1 + r)^(t/12) - P

Substitute known values

CI = 300 * (1 + (0.70))^(5/12) - 300

Evaluate the expression

CI = 74.2

Hence, the interest to pay back in 5 months is $74.2

The amount to pay back in 5 months

The amount (A) is calculated using:

A = CI + P

This gives

A = 74.2 + 300

A = 374.2

Hence, the amount to pay back in 5 months is $374.2

Read more about compound interest at:

https://brainly.com/question/24924853


Related Questions

James is competing in the shot put event for his tracJames is competing in the shot put event for his track team. His best attempt can be modeled using the quadratic function below,
h(x)= -0.05x^2+ x + 6
where x represents the horizontal distance, in feet, the shot traveled and h(x) represents the height, in feet, of the shot.
In this situation, the height of the shot starts to increase when
x = feet. (11 , 0, 10, or 6)
It continues to increase until
x = feet, (6, 20, 11, or 10)
and then the height decreases until
x = feet. (10, 20, 24, or 11)

Answers

The height of the shot starts to increase when x is -5 feet, It continues to increase until x = 10 feet and then the height decreases until x = 25 feet

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

Let h(x) represent the height of the shot put, when the horizontal distance is x feet.

h(x)= -0.05x² + x + 6

From the graph of h(x):

The height of the shot starts to increase when x is -5 feet, It continues to increase until x = 10 feet and then the height decreases until x = 25 feet

Find out more on equation at: https://brainly.com/question/2972832

2 m
6 m
Volume = Base x height
Find the volume of this cylinder.

Answers

Base = (pi)(r^2) = 3.14 (2m)^2 = 3.14 (4m^2) = 12.56m^2

Base x Height = (12.56m^2) (6m) = 75.36m^3 (A.)

A small bottle of shampoo can hold 35 milliliters of shampoo, whereas a large bottle can hold 500 milliliters of shampoo. Jasmine wants to buy the minimum number of small bottles necessary to completely fill a large bottle. How many bottles must she buy

Answers

Answer:

15

Step-by-step explanation:

500/35 approx 14.28

Always round up otherwise there won’t be enough

14.28 rounded up = 15

A rectangular prism is 20 meters long, 13 meters wide, and 5 meters high. What is the surface area of the rectangular prism?

Answers

Answer:

850m^2

Step-by-step explanation:

Look at the formula SA=L*W*H. And plug in the numbers pertaining the question! hints on to what to add is stuff like "long" for length, "wide" for width, and "high" for height! And use a calculator, or scetch it out to find your total answer!

Hope this helps!

maths i need help i cant find the ans

Answers

Answer:

16 and 25

Step-by-step explanation:

they are square numbers

1^2 = 1 .. etc.

this is a I

There is an error 2*2 is 4 lol realised I wrote tht whoops

A radioactive compound with mass of 260 grams decays at a rate of 3.8% per hour. Which equation represents how many grams of the compound will remain after 8 hours?

A: C=260(1.038)^8C=260(1.038)^8

B: C=260(0.962)^8C=260(0.962)^8

C: C=260(0.038)^8C=260(0.038)^8

D: C=260(1-0.38)^8C=260(1−0.38)^8

Answers

The exponential equation that represents how many grams of the compound will remain after 8 hours is:

B: C=260(0.962)^8

What is an exponential function?

A decaying exponential function is modeled by:

[tex]A(t) = A(0)(1 - r)^t[/tex]

In which:

A(0) is the initial value.r is the decay rate, as a decimal.

A radioactive compound with mass of 260 grams decays at a rate of 3.8% per hour, hence the equation for the mass after t hours is given by:

[tex]A(t) = 260(1 - 0.038)^t[/tex]

[tex]A(t) = 260(0.962)^t[/tex]

After 8 hours, the amount is given by:

[tex]A(t) = 260(0.962)^8[/tex]

Hence option B is correct.

More can be learned about exponential equations at https://brainly.com/question/25537936


3
The value of cos-
is equivalent to

Answers

Answer:

[tex]\frac{5\pi }{3} = 0.5[/tex]

Step-by-step explanation:

5π/3 radians = 5π/3 × (180°/π) = 300°

⇒ cos 5π/3 = cos 5π/3 = cos(300°) = 1/2 or 0.5

What is the value of b:
-8-b=-6
1) b=-2
2) b=2

Answers

Answer:

b = -2

Step-by-step explanation:

Add 8 to both sides: -8 - b + 8 = -6 + 8

-b = 2

Divide both sides by -1: -b/-1 = 2/-1

b = -2

Please help guys love you

Answers

Answer:

1: Side-Side-Side theorem

2: Side-Angle-Side theorem

3: Angle-Side-Angle theorum

4: Side-Angle-Angle theorum

Step-by-step explanation:

Look at the order of the sides and/or angles of the triangles. Because both of the triangles have the same sides/angles based off either the side-side-side, side-angle-side, angle-side-angle, or side-angle-angle theorem, they are congruent.

Hope this helps! :)

which ordered pair represents
(fg)(3) on the graph of the combined function?

A. (9,-3)

B. (3,25)

C. (3,5)

D. (9,25)

Answers

b bc b is just the answer

state how the graph will change

Answers

Option 4 is the correct one

6. Hadila is 2 years younger than Kai Yee. Kai Yee's father's age is the square of Hadila's age. If Kai Yee is p years old, calculate the total age of the three of them. Express your answer in the form of algebraic expression.​

Answers

ANSWER: p^2 - 2p + 2

Step-by-step explanation:

Total age of three = p + p-2 + (p-2)^2

= 2p-2 + p^2-4p+4

= p^2 - 2p + 2

Could someone help me

Answers

Answer:

D) 3^9

Step-by-step explanation:

3^4 3^8 / 3^3

3^4 / 3^3 = 3

= 3 * 3^8

= 3^9

Answer:

(x+2)(x+3)

√2x  

  3

−3  

−4+i

Step-by-step explanation:

a florist sold bouquets of red roses to 15 of the first 20 customers who came into his shop. What is the experimental probability how many bouquets of red roses should the florist express to sell on a day with 120 customers?​

Answers

Answer: ✨So I divided. 120 by 15 and got 8. I then multiplied it by 20 and got 160 bouquets✨

Step-by-step explanation: Still stuck? Get 1-on-1 help from an expert tutor now.

Give me full working and explanation! And I give you stars and I mark you as brainliest for sure. Best deal here. ​

Answers

1st clock timing

1 : 15

2nd clock timing

2 : 00

3rd clock timing

3 : 30

4th clock timing

4 : 45

30.

formula for discount: original price - final price

discount: $700 - $505.75 = $194.25

In percentage:

[tex]\rightarrow \sf \dfrac{194.25}{700} *100[/tex]

[tex]\rightarrow \sf 27.75\%[/tex]

ii)

3($194.25) = $582.75 discount

In percentage: same. 27.75%

graph the linear equation. find three points that solve the equation, then plot them on the graph. 5x-4y=-18

Answers

Hhhhhhhbhiggbxdhnbfd

Find the 15th term of this arithmetic sequence for 20,26,32,38,44

Answers

Answer:

104

Step-by-step explanation:

There are two ways to do it, though we need to know how it is affected.

20+6=26

26+6=32

32+6=38

38+6=44

Thus, you are adding 6 for each term.

1. You do it manually...(yes.)

I'll number it one by one

1.20

2.26

3.32

4.38

5.44

6.50

7.56

8.62

9.68

10.74

11.80

12.86

13.92

14.98

15.104

The 15th term is 104.

2. This method is easier. As shown above, there is a pattern. We can apply it using this formula:
20+6(n-1)

You can get this formula from the facts that:
-you start off with an additional added 8

-you add 6 every time

-if we do it 6n then it would be incorrect, with an extra 6 for each

-the formula is correct; you can test it for terms 2,3,4,5 like this:

20+6=26

20+2x6=32

20+3x6=38

20+4x6=44

To find the 15th term, you can:

20+14x6=20+84=104.

HELPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP

Answers

Answer:

76 in²

Step-by-step explanation:

Area of the figure

Area (top rectangle) + 2 x Area (bottom rectangle)12 x (7 - 2) + 2 x 2 x 412 x 5 + 1660 + 1676 in²

What do we do to both sides of this equation to solve?

x+3=5

Question 1 options:

Subtract 3 from both sides


Add 3 to both sides


Multiply both sides by 3


Divide both sides by 3

Answers

Answer:

Subtract 3 from both sides.

Step-by-step explanation:

x + 3 = 5

x = 5 - 3

x = 2

I know I`m late sorry, still wanted to answer

. _ .

I need help solving this

Answers

Answer:

x = 46 :)

Step-by-step explanation:

First we subtract :)

180 - 88 = 92

Now we divide :)

92/2 = 46

Now you know how to solve this type of problem!!

Have an amazing day!!

Please rate and mark brainliest!!

Can someone help me?
True or False. The volume formula for a general prism is dependent on the shape of the base.

Answers

answer: FALSE

Step-by-step explanation:

V=Bh

The formula for the volume of a prism is V=Bh , where B is the base area and h is the height. The base of the prism is a rectangle. The length of the rectangle is 9 cm and the width is 7 cm. The area A of a rectangle with length l and width w is A=lw .

If the point (-4,b) is on the line what is the value of b

Answers

Answer: if you are talking about a grid than the answer is 0.

Step-by-step explanation: this is becasuse the y coordinate is the elevation of the x coordinate. B is 0 because it is on the line meaning it has no elevation

A 15ft ladder is leaning up against a wall. The top of the ladder makes a 12° with the wall, how far is the base of the ladder from the wall?​

Answers

Step-by-step explanation:

[tex]the \: length \: of \: the \: ladder \: becomes \: the \: hypotenuse \: [/tex]

[tex]the \: base \: becomes \\ = \sin( \alpha ) \times hypotenuse \\ = \sin(12) \times 15 \\ = 3.119ft[/tex]

E represents an object's weight on earth and m represents that same object's weight on the moon. the equation m = 1/6 e represents the relationship between these quantities. a. what does the 1/6 represent in this situation? b. give an example of what a person might weigh on earth and on the moon.

Answers

In the equation, 1/6 represents the constant of proportionality.

If a person weighs 60 kg on earth, the person would weigh 10kg ont he moon.

What is inverse proportion?

The equation that represents inverse proportion is: m = ke

Where:

m = dependent variable k = constant of proportionalitye = independent variable

If k is 1/6 and e is 60kg,

m = 1/6 x 60 = 10kg

To learn more about inverse proportion, please check: https://brainly.com/question/20391784

find the value of a and b in parallelogram WXYZ

Answers

opposit side of parallelogram are equal and opposit angles are also equal

Find five numbers so that the mean, median, mode and range are all 4​

Answers

Answer:

4, 4, 4, 4, and 4

Step-by-step explanation:

mode = 4

median = 4

so we know two of the five numbers are 4;

[tex](x+x+x+4+4)/5 =4[/tex]

[tex](3x+8x)/5 = 4[/tex]

multiply both sides by 5

[tex]3x+8=20\\3x=20-8\\3x=12\\x=4\\[/tex]

therefore; the numbers are all 4

Which expression is equivalent to i 233?
1
–1
i
–i

Answers

Step-by-step explanation:

i¹ = i

i² = i×i = -1

i³ = -1 × i = -i

i⁴ = -i×i = - -1 = 1

i⁵ = 1×i = i

...

so, when the exponent of i modulo 4 (the remainder when dividing by 4) = 0, then the result is 1.

= 1, then the result is i

= 2, then the result is -1

= 3, then the result is -i

233 modulo 4 = 1 (233/4 = 58, remainder 1).

so, the result is i (the third answer option).

If the diameter of a circle has 4 units, what is its circumference?

Answers

Answer:

The circumference of a circle with diameter 4 is 12.57.

Find the value of x. If necessary, round your answer to the nearest tenth. The figures are not drawn to scale.

AB = 12, BC = 9, and CD = 8

Answers

Step-by-step explanation:

By the secant-secant theorem, (AC)(BC)=(DC)(x+DC)

Substituting in the given values, (21)(9)=(8)(8+x)

So, 189=64+8x, meaning x = 15.625, or about 15.63.

Ali had 2600 pens, he gave away 1547 pens, how many pens does he have left now?

Answers

given:

2600 pens.

to find:

the remaining pens Ali have after giving 1547 away.

solution:

2600 - 1547

= 1053

so, Ali has 1053 pens with him.

given:

Ali has 2600 pens.

to find:

the amount of pens Ali has left after he gave away 1547 pens.

solution:

subtract 2600 from 1547.

[tex]2600 - 1547[/tex]

[tex] = 1053 \: pens[/tex]

hence, Ali has 1053 pens left with him after giving 1547 pens away.

Other Questions
1) Zero helps mark directions in value Choose ALL contexts that correctly describes zero.A) elevation:0 feet is called the ground floorB bank account below 5D is a negative balanceC)electricity an object that has 0 charge is neutralD) buildings on an elevator, o represents the sea leveltemperature temperature above is a negative temperatureE) temperature : temperature above 0 is a negative temperature Where is Kashmir? Why is there conflict in the region? why do fennec fox have big ears? explain why in big detail! PLEASE ONLY ANSWER IF U KNOW IT. THIS NEEDS TO BE RIGHT.Jerimiah is tasked with creating a Yellow Journalism headline for Star Magazine. Which of the following headlines would work best in this situation?A. Is It True? Kylie Jenner Lost Billions?B. Grapefruit, The Newest SuperfruitC. Brazil Wins Gold Metal In High JumpD. New iPhone Cameras Are Waterproof Am I correct?!? Please tell me! During the administration of George W. Bush, many conservatives supported tax cuts because they believed that depriving the government of tax revenues would -How did Napoleon lose power? Which of the following was NOT a reason that the Industrial Revolution came to the U.S.?A. The U.S. had a wealth of natural resources.B. The U.S. had a growing urban population, which provided cheap labor.C. War with the Native Americans required new weapons and technology.D. The government supported businesses and entrepreneurs. Many students were missing from your French class today. You are now trying to find out why. Create sentences with the elements provided to say what must have happened.Latitia / devoir / partir / 7h00 / pour rendre visite ses parents Why is a chronological structure effective for an argument about how jenner helped spread immunization? An airplane flies with a constant speedof 820 miles per hour. How far can ittravel in 3 1/2 hours? convert 17/4 to a mixed Evaluate f(p) = p + 2 when p = -3 You are knowledgeable about cellular metabolism. Which of the following processes is common to fermentation, anaerobic respiration, and aerobic respiration?a. glycolysisb. the Krebs cyclec. the electron transport systemd. glycosylation 9. The growth of mold in Specimen A can be modeled by A(t) = The growthof mold in Specimen B can be modeled by B(t)a. Find (A - B)(t).b. Explain what the function (A - B)(t) represents Who was William Levitt/Levittown? How can I benefit from taxes? plsplsplsplspslpslpslpslpslpslpspslsplsplsplsplsp helphelphelphelp mememememem What is the value of x Pls help I need the answer