Consider the following two loans for P=$5,000. Loan A: 2.5 year loan, annual interest rate of 12%. Loan B: 5 year loan, annual interest rate of 6%. Both loans are paid monthly, and their interest is compounded monthly. Calculate the absolute difference between the total interest paid on both loans. Round your answer to the nearest cent.

Answers

Answer 1

53.5 dollars is the total interest paid on both loans.

What is Compound Interest ?

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on principal plus interest.

Loan A :

CI = P(1 + R/100)∧(T) - P

CI = 5000(1 + 12/100)∧(5/2) - 5000

CI = 1637.66

Loan B :

CI = P(1 + R/100)∧(T) - P

CI = 5000(1 + 6/100)∧(5) - 5000

CI = 1691.13

difference between two CI

= 1691.13 - 1637.66

= 53.47

= 53.5 dollars

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Related Questions

13. Amy will rent 10 different movies this month.
•A one-day rental fee is $1.50.
A monthly pass is $10.00. (Unlimited visits during the month)

How much money will Amy save by buying a monthly pass?

Please help I will give you brainless please

Answers

Answer:

35

Step-by-step explanation:

1.5x30=45 -

45-10= 35

month=30 days

Movie costs 1.5 for a day and it will cost 10 for a month so you have to do 1.5x30=45 then you have to subtract 10 becuses that's the monthly pay so your answer would be 35 please (give brainless)

What is the equation of a line parallel to 2x−3y=5 that passes through the point (−9,2)?


3x−2y=−31

3x+2y=−23

2x−3y=−24

2x+3y=−12

Answers

Parallel lines have the same slope

The equation of the line is: [tex]\mathbf{y = \frac 23x + 8}[/tex]

From the question, we have:

[tex]\mathbf{2x - 3y = 5}[/tex]

Make y the subject

[tex]\mathbf{- 3y = 5 - 2x}[/tex]

Divide through by -3

[tex]\mathbf{y = \frac 23 x - 5}[/tex]

Because the required equation is parallel to [tex]\mathbf{2x - 3y = 5}[/tex], then they must have the same slope

A linear equation is represented as:

[tex]\mathbf{y=mx + c}[/tex]

Where:

m represents the slope

So, by comparison:

[tex]\mathbf{m = \frac 23}[/tex]

This means that:

The required equation has a slope of 2/3

The equation of the line is:

[tex]\mathbf{y = m(x - x_1) + y_1}[/tex]

Where:

[tex]\mathbf{m = \frac 23}[/tex]

[tex]\mathbf{(x_1,y_1) = (-9,2)}[/tex]

So, we have:

[tex]\mathbf{y = \frac 23(x + 9) + 2}[/tex]

Open brackets

[tex]\mathbf{y = \frac 23x + 6 + 2}[/tex]

[tex]\mathbf{y = \frac 23x + 8}[/tex]

Hence, the equation of the line is: [tex]\mathbf{y = \frac 23x + 8}[/tex]

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This figure has two intersecting lines and a ray.

What is the value of x?

Enter your answer in the box.

x =

Answers

Answer:

The correct answer is 24

Step-by-step explanation:

K12 test

figure has two intersecting lines and a ray.

From this figure, the value of x= 24

Given :

Two intersecting lines and a ray. one angle is 110 degrees.

opposite to 111 degrees are 87  and x degrees

From  the two intersecting lines, we know that vertical opposite angles are equal .

111 degrees and 87+x  are vertical opposite angles

So, they are equal .

Lets make them equal and solve for x

[tex]111=87+x[/tex]

Now we subtract 87 on both sides and solve for x

[tex]111-87=87-87+x\\\\x=24[/tex]

So the value of x is 24 degrees

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which distance is closer to 13 AB or CD

Answers

It’s CD because it’s a longer line
CD I hope this is correct

11,912 + 26,102 + 26,102

Answers

Answer:

it's 64,116

Step-by-step explanation:

ur welcome

the answer is 64,116

What is the measure of Zx?
Angles are not necessarily drawn to scale.
B
42
109°
D
29
E
А
F

Answers

Answer:

a straight line has an angle of 180

therefore 180-109=71

71÷2 = 35.5

x is 35.5 degrees

The measure of x is 29 degree.

What is Parallel line?Straight lines that are always the same distance apart from one another are called parallel lines.No matter how far apart they are from one another, parallel lines can never intersect.

As, Parallel line have property

Any two lines are considered to be parallel if the angles formed by them are equal.If the Opposite interior angles formed by two lines are equal, they are said to be parallel.If the Opposite exterior angles formed by two lines are equal, they are said to be parallel.If the Successive interior angles on the same side of the transversal are additional, two lines are said to be parallel.

As, <CBA = <BAD (Alternate Interior Angle)

So, <BAD = 42

Now, <BAD + <BAC + <CAE = 180 (Linear Pair)

42 + 109 + x = 180

151 +x = 180

x = 180- 151

x = 29

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Order of operations
11 + 14 ÷ 2 - 1

Answers

Answer:

17

Step-by-step explanation:

(11+14÷2)−1

 (11+7)−1

    18−1

       17

PLEASE HELP! Award brainliest and thanks ASAP

Answers

The equation is 2/-5x + -1

Answer:

y=-2/5x-1

Step-by-step explanation:

I started by looking for the y-intercept of the line, where the line intersects with the y-axis and saw it was -1.

Then I looked at the slope of the line and used the rise/run strategy. From the y-intercept to the point it was 2 units down and 5 units across (2/5) and since it is going down it's negative

Plugging it in: y=mx+b

m=slope

b=y-intercept

y=-2/5x-1

Hope this helps :)

convert the following into decimal 111.01​

Answers

Assuming the given number is in base 2, we have

111.01₂ = 2² + 2¹ + 2⁰ + 2⁻²

111.01₂ = 4 + 2 + 1 + 0.25

111.01₂ = 7.25

 what is the geometric sequence and the 8th term and the 10th term

Answers

Answer:

The geometric sequence is decreasing by 0.5 * each term

common ratio = 0.5

an equation for this exact sequence would be

50(0.5)^x-1

Step-by-step explanation:

To find the common ratio for a geometric sequence we can divide the previous term value by the next term value

so 50 / 25 = 0.5

and to check we can divide

25 / 12.5 = 0.5

So our common ratio is 0.5

Step-by-step explanation:

Given sequence:

50, 25, 12.5, ...

The first term is 50 and the common ratio is:

r = 12.5/25 = 25/50 = 1/2

The equation:

tₙ = t₁rⁿ⁻¹tₙ = 50(1/2)ⁿ⁻¹

Find the 8th and 10th terms:

t₈ = 50(1/2)⁷ = 0.390625t₁₀ = 50(1/2)⁹ = 0.09765625

A 26 ft ladder leaning against a wall begins to slide. How fast is the top of the ladder sliding down the wall at the instant of time when the bottom of the ladder is 10 ft from the wall and sliding away from the wall at the rate of 3 ft/sec?

Answers

Answer:

The top of the ladder is sliding down at a rate of -1.25 ft/s.

Step-by-step explanation:

From the Pythagorean Theorem:

[tex]\displaystyle a^2 + b^2 = c^2[/tex]

(Where a is the height, b is the distance between the bottom of the ladder and the wall, and c is the length of the ladder itself.)

Note that the hypotenuse c is a constant value at 26 feet. Substitute:

[tex]\displaystyle a^2 + b^2 = (26\text{ ft})^2 = 676 \text{ ft}^2[/tex]

We want to determine how fast the top of the ladder is sliding down the wall at the instant of time when the bottom of the ladder is 10 feet from the wall and sliding away from the wall at the rate of 3 ft/s.

In other words, we want to find da/dt given that b = 10 ft, and db/dt = 3 ft/s.

First, we can differentiate both sides with respect to t, where a and b are both functions of t:

[tex]\displaystyle \frac{d}{dt}\left[ a^2 + b^2\right ] = \frac{d}{dt}\left [ 676 \text{ feet}^2\right ][/tex]

Implicit differentiation yields:

[tex]\displaystyle 2a \frac{da}{dt} + 2b \frac{db}{dt} = 0[/tex]

Next, since we know that b = 10 ft, we can find a:

[tex]\displaystyle \begin{aligned} a^2 + b^2 & = 676\text{ ft}^2 \\ \\ a^2 +(10 \text{ ft})^2 & = 676\text{ ft}^2 \\ \\ a & = 24\text{ ft} \end{aligned}[/tex]

Substitute and solve for da/dt:

[tex]\displaystyle \begin{aligned} 2a \frac{da}{dt} + 2b\frac{db}{dt} & = 0 \\ \\ 2(24 \text{ ft}) \frac{da}{dt} + 2(10 \text{ ft})(3 \text{ ft/s}) & = 0 \\ \\ 48 \text{ ft} \cdot \frac{da}{dt} & = -60 \text{ ft$^2$/s} \\ \\ \frac{da}{dt} & = -1.25 \text{ ft/s} \end{aligned}[/tex]

Since the ladder is sliding down the wall, da/dt is expected to be negative.

In conclusion, the top of the ladder is sliding down at a rate of -1.25 ft/s.

Jim has a bank account balance of −$15.46. As soon as he realizes this, he deposits $25.50 in the account.

What is Jim's bank account balance after the deposit is made?

Enter your answer in the box.

$

Answers

Answer:

$10.04

Step-by-step explanation:

-15.46+25.50

equals

25.50-15.46

For this problem I got 40.96. Please correct me if I am incorrect, Thank you.

What is the LCM of [tex]10f^{2} gh\\and\\35f^{3} g^{2}[/tex]

Answers

Answer:

[tex]70f^{3}g^{2}h[/tex]

Step-by-step explanation:

Washing his dad's car alone, Aidan takes 6 hours. If his dad helps him, then it takes 2 hours. How long does it take Aidan's dad to wash the car by himself?

Answers

Answer:

Step-by-step explanation:

If he washes his dads car alone it takes 6hrs, If his dad helps him it takes 2hrs.

6-2= 4

4hrs?

I dont understand the question lol.

2x+2y=16x Solve for X Solve for Y ​

Answers

Answer:

x = [tex]\frac{y}{7}[/tex], y = 7x

Step-by-step explanation:

hope this helps

Micah is saving to buy a new guitar and every month is putting $45 from his paycheck into his savings
account. He has already saved $120. How many more months will it take before he has enough to buy
the guitar if it costs $415?

Answers

Answer:

6.5555 months

Step-by-step explanation:

$415-$120= $295

Micah will need $295 from his paycheck earnings to be able to afford the guitar.

$295/$45= 6.5555months

3r+(7+8)/(t-3)when r=4, s=3 and t=5

Answers

Answer:

19.5

Step-by-step explanation:

3r+(7+8)/(t-3)

3(4)+(15)/(5-3)

12+(15/2)

12+7.5

19.5

Write 47/11 as a decimal. If necessary, use a bar to indicate which digit or group of digits repeats

Answers

it would be 4.2727, just round and you should get 4.3. sorry if i’m wrong

Define the function
3
g(x) = x^3+ x
. If
f(x) = g^-1(x)
and
f(2) = 1
what is the value of
f'(2)
?

Answers

Given that

[tex]g(x) = x^3 + x[/tex]

the inverse [tex]g^{-1}(x)[/tex] is such that

[tex]g\left(g^{-1}(x)\right) = g^{-1}(x)^3 + g^{-1}(x) = x[/tex]

or

[tex]g\left(f(x)\right) = f(x)^3 + f(x) = x[/tex]

Differentiating both sides using the chain rule gives

[tex]3f(x)^2f'(x) + f'(x) = 1 \\\\ f'(x) \left(3f(x)^2+1\right) = 1 \\\\ f'(x) = \dfrac1{3f(x)^2+1}[/tex]

Then the derivative of f at 2 is

[tex]f'(2) = \dfrac1{3f(2)^2+1} = \boxed{\dfrac14}[/tex]

whats the answer plzzz

Answers

m < 105° and m < (10x + 15)° have the same measure because they are alternate interior angles that do not have a common vertex on alternate sides of the transversal. Since they have the same measure, we can solve for x:

m < 105° = m < 10x° + 15 °

Subtract 15 from both sides:

m < 105° - 15° = 10x°

90° = 10x°

Divide both sides by 10 to solve for x:

90°/10 = 10x/10

9° = x

Therefore, the value of x = 9°

Substitute this value into m < (10x + 15)° to find its true measure:

10(9) + 15 = 90 + 15 = 105°

This proves my statements earlier that m < 105° has the same measure as m < (10x + 15)°

The correct answer is x = 9°


Please mark my answers as the Brainliest if you find my explanations helpful :)

2/7 + 4/5 mixed forms

Answers

Answer:

38/35 or 1 3/35

Step-by-step explanation:

2/7 + 4/5 mixed forms

2/7 + 4/5 =

38/35 or 1 3/35

Answer:

38/35

Step-by-step explanation:

1. convert to like fractions

2/7-> 10/35

4/5-> 28/35

2. add fractions

10/35 + 28/35 = 38/35

Express 8 1/5% as a mixed number or a fraction

Please show work so I can understand it so I know what to do on problems that look like this in the future

Answers

Answer:

41/5

Step-by-step explanation:

First we change the 8 and 1/5% to 8.2%

Write the fraction down as a number over one = 8.2/1

Multiply both top and bottom by 10 for every number after the decimal point:

As we have 1 numbers after the decimal point, we multiply both numerator and denominator by 10. So,

8.2/1 = (8.2 × 10)

(1 × 10) = 82/10

Reduce the above fraction by dividing both numerator and denominator by the GCD (Greatest Common Divisor) between them. In this case, GCD (82,10) = 2. So, (82÷2)/(10÷2) = 41/5 when reduced to the simplest form.

As the numerator is greater than the denominator, we have an IMPROPER fraction, so we can also express it as a MIXED NUMBER, thus 82/10 is also equal to 81/5 when expressed as a mixed number.

Which of the following systems of inequalities would produce the region
indicated on the graph below?

Answers

Answer: Im pretty sure its B

(/ ^_^/) .....

is a set of numbers a subset of a set of numbers in words ex. A = {one, three} B = {1,2,3,4,5...} A is a subset of B. True or False?

Answers

Answer:

true

Step-by-step explanation:

it is because 1 and 3 in set A are in sat B

Consider the transformation shown.

Use the drop-down menus to complete the sentence.

The transformation is ________________..

1a. isometric

1b. nonrigid

1c. rigid


because the______________..

2a. segment lengths are not

2b. segment lengths are

2c. angle measurements are not

2d. angle measurements


preserved

Answers

nonrigid

segment lengths are not

Answer:

1 Nonrigid

2 segment lengths are not

(9 + r) – (r + 10) please help me simplifying

Answers

The R’s cancel out so 9+10 is 19
The answer is 19

Which of the following could be the number shown on the number line?
A. √24
B. √27
C. √20
D. √26​

Answers

Answer: (A) 24

Step-by-step explanation:

help me pls don't type random letter or I will report u ty​

Answers

The correct answer is 22/30

its accounting please help me​

Answers

9514 1404 393

Answer:

  1a: $84; 1b: 30,000A +15,000B; 1c: 37,000A +18,500B

  2: 4,000 composite units

Step-by-step explanation:

We assume your "composite unit" consists of the smallest set of units in the ratio in which they are sold.

1)

A "composite unit" is 1B +2A. The contribution margins are the difference between the selling price and the variable cost per unit:

  A: 72 -40 = 32

  B: 48 -28 = 20

  composite unit: 2A+B = 2(32) +20 = 84

(a) The contribution margin per composite unit is $84.

__

(b) The break-even point is the number of composite units that have a total contribution margin equal to the total fixed costs:

  84n = 1260000

  n = 1260000/84 = 15000

30,000 units of A and 15,000 units of B must be sold to break even.

__

(c) The additional number of composite units required to achieve pre-tax income of 294000 is ...

  294,000/84 = 3500

37,000 units of A and 18,500 units of B must be sold for a pretax income of $294,000.

__

2)

Contribution margins per unit are ...

  H: 6 -4 = 2

  C: 8 -6 = 2

  I: 10 -7 = 3

A composite unit is 3H +2C +I, so the contribution margin per composite unit is ...

  3(2) +2(2) +1(3) = 6 +4 +3 = 13 . . . dollars

The break-even point is 52,000/13 = 4,000 composite units

48 times 25 in distributive property​

Answers

Answer:

1200

Step-by-step explanation:

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