Jacob took out a loan from a bank today (now). The original agreement stated that to pay off the loan he had to make two equal payments: The first payment of $3000 was due 6 months from now, and the second payment of $3000 was due 12 months from now.
Suppose he renegotiated with the bank so that instead of the original agreement he will make a single payment 24 months from now to pay off the two original obligations.
What single payment 24 months from now will he have to make if the simple interest rate is 10%? The agreed focal date is 24 months from now.

Answers

Answer 1

The single payment Jacob would make in 24 months from now, to pay off the two obligations under the new agreement is $7,620.

We shall be solving this using the formula for Simple Interest,

What is the formula for Simple Interest?

The interest accrued on each payment can be calculated using the formula for Simple Interest:

Interest = Principal × Rate × Time

where:

Principal = amount borrowed,

Rate = simple interest rate,

Time = time period in years.

Under the original agreement, Jacob shall make two payments of $3000 each, one 6 months from now and the other 12 months from now.

For payment1, the interest accrued would be:

Interest1 = $3000 × 0.10 × (6/12) = $150

For payment2, the interest accrued would be:

Interest2 = $3000 × 0.10 × (12/12) = $300

So the total amount Jacob was to pay under the original agreement is:

Total1 = $3000 + $150 + $3000 + $300 = $6,450

Now let's calculate the amount Jacob would have to pay under the new agreement.

Original principal for each payment is $3000.

The interest accrued on the sum of both payments can be calculated using the same formula for simple interest:

Interest3 = ($3000 + $150 + $3000 + $300) × 0.10 × (24/12) = $720

So the total amount Jacob would pay under the new agreement is:

Total2 = $3000 + $150 + $3000 + $300 + $720 = $7,620

So, Jacob would make a single payment of $7,620, 24 months from now,

to pay off both loans under the new agreement.

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Related Questions

Solve the following 2x+18=42

Answers

Answer:

the solution to the equation 2x + 18 = 42 is x = 12.

Step-by-step explanation:

To solve for x in the equation 2x + 18 = 42, you can follow these steps:

Subtract 18 from both sides of the equation:

2x + 18 - 18 = 42 - 18

2x = 24

Divide both sides of the equation by 2:

2x/2 = 24/2

x = 12

Therefore, the solution to the equation 2x + 18 = 42 is x = 12.

Answer:

\( \sf \: x = 12\)

Step-by-step explanation:

Now we have to,

→ Find the required value of x.

The equation is,

→ 2x + 18 = 42

Then the value of x will be,

→ 2x + 18 = 42

→ 2x = 42 - 18

→ 2x = 24

→ x = 24 ÷ 2

→ [ x = 12 ]

Hence, the value of x is 12.

What percentage of growth is needed annually to reach 400,000 in 3 years if today I have 200,000

Answers

Answer:

approx 26%

Step-by-step explanation:

you try find the multiplier

200000 * 1. ???? ^3= 400000

rearrange equation

\(\sqrt[3]{\frac{400000}{200000} }\)       =   multiplier

1.25992105

subract one

0.25992105

multiply by 100 to get percentage

25.9%

rounded to whole number = 26%


(x sin a + y cos a)^2 + (x cos a – y sin a)^2 = x^2 + y^2

Answers

Answer:

Proved

Step-by-step explanation:

Required

Prove that:

\((x\ sin\ a + y\ cos\ a)^2 + (x\ cos\ a - y\ sin\ a)^2 = x^2 + y^2\)

Solving from left to right:

Open brackets

\((x\ sin\ a + y\ cos\ a)(x\ sin\ a + y\ cos\ a) + (x\ cos\ a - y\ sin\ a)(x\ cos\ a - y\ sin\ a) = x^2 + y^2\)\(x^2\ sin^2 a + 2xy\ sin\ a\ cos\ a + y^2\ cos^2 a + x^2\ cos^2 a - 2xy\ sin\ a\ cos\ a + y^2\ sin^2 a = x^2 + y^2\)

Collect Like Terms

\(x^2\ sin^2 a + 2xy\ sin\ a\ cos\ a - 2xy\ sin\ a\ cos\ a + y^2\ cos^2 a + x^2\ cos^2 a+ y^2\ sin^2 a = x^2 + y^2\)

\(x^2\ sin^2 a + y^2\ cos^2 a + x^2\ cos^2 a+ y^2\ sin^2 a = x^2 + y^2\)

Collect Like Terms

\(x^2\ sin^2 a + y^2\ sin^2 a + x^2\ cos^2 a + y^2\ cos^2 a = x^2 + y^2\)

Factorize:

\((x^2 + y^2)\ sin^2 a + (x^2 + y^2) cos^2 a = x^2 + y^2\)

Further factorize

\((x^2 + y^2)(sin^2 a + cos^2 a) = x^2 + y^2\)

In trigonometry:

\(sin^2 a + cos^2 a = 1\)

So, we have:

\((x^2 + y^2)(1) = x^2 + y^2\)

\(x^2 + y^2 = x^2 + y^2\)

Proved

Which two fixed points define the shape of an ellipse?

A. Center and focus
B. Focus and directrix
C. Two foci
D. Vertex and focus

Answers

For every ellipse E there are two distinguished points, called the foci, and a fixed positive constant d greater than the distance between the foci, so that from any point of the ellipse, the sum of the distances to the two foci equals d .

Find the area of this isosceles trapezoid. A) 85.5 units2 B) 171 units2 C) 342 units? 345 units?​

Find the area of this isosceles trapezoid. A) 85.5 units2 B) 171 units2 C) 342 units? 345 units?

Answers

9514 1404 393

Answer:

  B) 171 units^2

Step-by-step explanation:

The area is given by the formula ...

  A = 1/2(b1 +b2)h

Filling in the given base and height values, we find the area to be ...

  A = 1/2(23 +15)(9) = (19)(9) = 171 . . . square units

_____

Additional comment

You can select the correct answer choice simply on the basis of "reasonableness." If this were a 9×15 rectangle, its area would be 9×15 = 135 square units, more than 85.5. You know its area is less than a 9×23 rectangle, so is less than 9×23 = 207 square units. Only one answer choice is a value between 135 and 207.

__

Multiplication by 9 is not so hard. It is multiplication by 10-1:

  15×9 = 15×(10 -1) = 150 -15 = 135

Is 4y+9+3 and 3y+9+4y equivalent

Answers

No jjgjjrjejejjejw need 20 letters
no (i need 20 letters sonfndmfmfnfmfjfkfnfmfmf

A certain type of kickboard scooter comes in silver, red, 2
or purple with wheel sizes of 125 millimeters or 180
millimeters. Determine the total number of color-wheel size combinations.

(This is probability and I’m having such a hell of a time figuring it out pls help)

Answers

There are a total of 8 color-wheel size combinations for the kickboard scooter. This means that customers have 8 different options to choose from when selecting the color and wheel size for their scooter.

To determine the total number of color-wheel size combinations for the kickboard scooter, we need to multiply the number of color options by the number of wheel size options.

Given that there are 4 color options (silver, red, blue, and purple) and 2 wheel size options (125mm and 180mm), we can use the multiplication principle to find the total number of combinations:

Total combinations = Number of color options × Number of wheel size options

Total combinations = 4 colors × 2 wheel sizes

Total combinations = 8

There are a total of 8 color-wheel size combinations for the kickboard scooter. This means that customers have 8 different options to choose from when selecting the color and wheel size for their scooter.

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I need help on this one

Find the selling price.

Cost To Store: $50

Markup: 10%

The selling price is $blank

I need help on this one Find the selling price.Cost To Store: $50Markup: 10%The selling price is $blank

Answers

The selling price of the item at 10% marlkup is $55

Finding the selling price of the item

From the question, we have the following parameters that can be used in our computation:

Cost To Store: $50Markup: 10%

Using the above as a guide, we have the following:

Selling price = Cost To Store * (1 + Markup)

substitute the known values in the above equation, so, we have the following representation

Selling price = 50 * (1 + 10%)

Evaluate

Selling price = 55

Hence the selling price of the item is $55

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Please help on my hw

Please help on my hw

Answers

Answer:

Base is 3 centimeter and hight is 12 cent.

What is the slope for y=4x+5

Answers

Answer:

4

Step-by-step explanation:

The slope for the given equation is 4.

Answer:

4

Step-by-step explanation:

Since the equation is written in y=mx+b form, we know that M is the value of the slope.

Since y=4x+5 is in slope intercept form, 5 would be (0,5) for y-Intercept

Consider a triangle ABC like the one below. Suppose that B=36°, C= 62°, and b= 40. (The figure is not drawn to scale.) Solve the triangle.
Round your answers to the nearest tenth.
If there is more than one solution, use the button labeled "or".

Consider a triangle ABC like the one below. Suppose that B=36, C= 62, and b= 40. (The figure is not drawn

Answers

Answer:

A=82°

a= 67.4

c = 60.1

Step-by-step explanation:

For A

A+B+C =180°

A= 180-(B+C)

A= 180-(36+62)

A= 189-(98)

A= 82°

For a

a/sinA= b/sinB

a/sin82= 40/sin36

a= (40*sin82)/sin36

a=( 40*0.9903)/0.5878

a=67.39

Approximately = 67.4

For c

c/sinC= b/sinB

c= (sinC*b)/sinB

c= (sin62*40)/sin36

c =(0.8829*40)/0.5878

c = 60.08

Approximately = 60.1

Wavelength and Frequency

Which component in a musical note is referred to as the pitch of a sound?

a. wavelength
b. frequency
c. time
d. distance

Please select the best answer from the choices provided

Answers

Answer:

B. Frequency

Step-by-step explanation:

I calculated it logically

what is the remainder for the synthetic division problem? (image attached)​

what is the remainder for the synthetic division problem? (image attached)

Answers

Answer:

D

Step-by-step explanation:

3 | 1   5   - 8   6

   ↓   3    24   48

   ----------------------

    1   8   16    54 ← Remainder

During a lab experiment, the temperature of a liquid changes from 6.4°F to 10.75°F.
What is the percent of increase in the temperature of the liquid?
Enter your answer in the box as a percent rounded to the nearest hundredth. Help pls

Answers

Answer:

67.97%

Step-by-step explanation:

Answer:

67.97%

Step-by-step explanation:

Which equation is represented by the number line

Which equation is represented by the number line

Answers

6 + (-10) = -4 hope that helps

Choose the expression that correctly compares the numbers 117 and 171.
171 < 117
171 = 117
171 > 117
117 > 171

Answers

Answer:

171 > 117

Step-by-step explanation:

171 is greater than 117 meaning the alligator is eating the bigger number, 171.

Write the fraction 6/8 in the simplest terms

Answers

3/4 is your answer hope that helps

The football team has a total of 20 jerseys there are 10 medium sized jerseys what percent of the jerseys are medium sized jerseys

Answers

Answer:

50% of the jerseys are medium

Answer:

50% of the jerseys are medium sized.

Step-by-step explanation:

20 is 100% and half of them are medium so half of 100 is 50%

Bailey wanted a new pair of shoes. She put the $142 cost on her
credit card. Because Bailey has been irresponsible with her credit,
the credit card company charges her 22% annual interest. Figure
Bailey's balance after 180 days, assuming she made no payments.

Answers

Answer:

Bailey's balance after 180 days is $ 157.39.

Step-by-step explanation:

Since Bailey wanted a new pair of shoes, and she put the $ 142 cost on her credit card, but because Bailey has been irresponsible with her credit, the credit card company charges her 22% annual interest, for figure Bailey's balance after 180 days, assuming she made no payments, the following calculation must be made:

365 = 100

180 = X

180 x 100/365 = X

18,000 / 365 = X

49.31 = X

22 x 0.4931 = 10.84

142 x 1.1084 = X

157.39 = X

Thus, Bailey's balance after 180 days is $ 157.39.

is 0.3/0.9 rational?

Answers

Answer:

Rational

Step-by-step explanation:

Repeating decimals can be represented as a ratio of two integers.

0.9

Im a nerd and i love math like my parents

Which expression is equivalent to sin

Which expression is equivalent to sin

Answers

Answer:

sin(-pi/2) = -1

Step-by-step explanation:

sin (pi/12) cos((7pi)/12) -cos (pi/12) sin((7pi)/12) = -1

cos(-pi/2) = 0

sin(-pi/2) = -1

cos((2pi)/3) = -1/2

sin((2pi)/3) = (√3)/2

A curve has equation y = 2x + 1/(x-1)² Verify that the curve has a stationary point at x=2 and determine its nature.

Answers

There is no stationary point at x = 2. The nature of the curve at x = 2 cannot be determined since there is no stationary point.

To verify that the curve has a stationary point at x = 2, we need to find the derivative of the equation and set it equal to zero.

Given the equation:

y = 2x + 1/(x-1)²

Let's find the derivative dy/dx:

dy/dx = d/dx [2x + 1/(x-1)²]

To find the derivative, we can use the power rule and the chain rule. Let's differentiate each term separately:

For the first term, 2x, the derivative is 2.

For the second term, 1/(x-1)², we can rewrite it as (x-1)^(-2) to apply the power rule. The derivative is then:

d/dx [(x-1)^(-2)] = -2(x-1)^(-3) * d/dx (x-1)

Using the chain rule, d/dx (x-1) = 1, so the derivative becomes:

-2(x-1)^(-3) * 1 = -2/(x-1)^3

Now, let's set dy/dx equal to zero and solve for x:

-2/(x-1)^3 = 0

This equation is satisfied when the numerator is equal to zero:

-2 = 0

However, -2 is not equal to zero, which means there is no x value that makes dy/dx equal to zero.

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PLS HELP!
Determine whether each expression is a polynomial. If it is a polynomial, state the degree of the polynomial.

PLS HELP!Determine whether each expression is a polynomial. If it is a polynomial, state the degree of

Answers

The expressions are 5y³/x² + 4x, c⁴ - 2c² + 1, a - a², and 5n³ + nq³ are polynomials with degrees 3, 4, 2, and 3 respectively.

What is a polynomial

A polynomial expression is an algebraic expression made up of variables and coefficients, combined using only the operations of addition, subtraction, and multiplication. The variables are raised to a power, which is a non-negative integer, and the coefficients are real numbers. A polynomial can have any number of terms, but it always has a degree, which is the highest power of the variables in the expression.

The polynomial expression; 5y³/x² + 4x is to the 3rd degree and is a binomial since it has 2 terms.

The polynomial expression; c⁴ - 2c² + 1 is to the 4th degree and is a trinomial since it has 3 terms.

The polynomial expression; a - a² is to the 2nd degree and is a binomial since it has 2 terms.

The polynomial expression; 5n³ + nq³ is to the 3rd degree and is a binomial since it has 2 terms.

The expression d + 3dᶜ will be a polynomial to the degree of c if c is a non-negative integer.

In conclusion, the expressions: 5y³/x² + 4x, c⁴ - 2c² + 1, a - a², and 5n³ + nq³ are polynomias with degrees 3, 4, 2, and 3 respectively.

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What is the solution for 9X 2 -25 = 0

Answers

x = 5/3

x = - 5/3

i believe this is the answer

The distance between city a and city b is 200 miles. A length of 1.7 feet represents this distance on a certain wall map. City c and city d are 2.55 feet apart on this map. What is the actual distance between city c and city d

Answers

Answer:

510

Step-by-step explanation:

200×2.55=510 this is the answer

Tom drove 504 miles in 8 hours. At the same rate, how many miles would he drive in 12 hours

Answers

Answer:

756 miles in 12 hours

Step-by-step explanation:

504÷8=63

63 miles per hour

63×12=756

9514 1404 393

Answer:

  756

Step-by-step explanation:

If you recognize that 12 (=8 +8/2) is half-again as much as 8, then you would know that Tom would drive half-again as much as 504 miles. That is, he would drive 504 +504/2 = 504+252 = 756 miles in 12 hours.

__

Since the rate is constant, you can write a proportion:

  d/12 = 504/8 = distance/time

  d = (12/8)(504) 1.5×504  = 756

Tom would drive 756 miles in 12 hours at that rate.

You pick a marble, roll a die, and pick a card. How many outcomes are possible?

You pick a marble, roll a die, and pick a card. How many outcomes are possible?

Answers

The total number of possible outcomes is given by the expression 6n × 52, where n represents the number of marbles to choose from.

How to determine How many outcomes are possible

To determine the number of possible outcomes, we need to consider the number of outcomes for each event and then multiply them together.

1. Picking a marble: Let's assume there are n marbles to choose from. If there are n marbles, then the number of outcomes for this event is n.

2. Rolling a die: A standard die has 6 sides numbered 1 to 6. Therefore, the number of outcomes for this event is 6.

3. Picking a card: A standard deck of cards has 52 cards. Hence, the number of outcomes for this event is 52.

To find the total number of possible outcomes, we multiply the number of outcomes for each event together:

Total number of outcomes = (number of outcomes for picking a marble) × (number of outcomes for rolling a die) × (number of outcomes for picking a card)

Total number of outcomes = n × 6 × 52

Therefore, the total number of possible outcomes is given by the expression 6n × 52, where n represents the number of marbles to choose from.

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what is 4/5 = 12/blank | Equivalent Fractions

Answers

Answer:

15

Step-by-step explanation:

4/5 = 12/blank.

well 12/4 is 3

3 * 5 is 15.

the blank is 15

Answer:

12/15

Step-by-step explanation:

4/5x3/3=12/15

since 12 is 3 times greater than 4, you must multiply both the numerator and the denominator by 3.

5/8 divided by -1/10

Answers

Anybody know this? Find the first four terms of the sequence t/n=n(6n-2) the n is below the t btw

Answers

The first four terms of the sequence t/n = n(6n - 2) are: 4, 20, 48, 88.

How to find st four terms of the sequence

Let's substitute n = 1:

t/1 = 1(6(1) - 2)

t = 1(6 - 2)

t = 4

The first term of the sequence (when n = 1) is 4.

Now, let's substitute n = 2:

t/2 = 2(6(2) - 2)

t = 2(12 - 2)

t = 2(10)

t = 20

The second term of the sequence (when n = 2) is 20.

Next, let's substitute n = 3:

t/3 = 3(6(3) - 2)

t = 3(18 - 2)

t = 3(16)

t = 48

The third term of the sequence (when n = 3) is 48.

Lastly, let's substitute n = 4:

t/4 = 4(6(4) - 2)

t = 4(24 - 2)

t = 4(22)

t = 88

The fourth term of the sequence (when n = 4) is 88.

Therefore, the first four terms of the sequence t/n = n(6n - 2) are: 4, 20, 48, 88.

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