Find the amount Erica owes at the end of 6 years if $5300 is loaned to her at a rate of 8 % compounded monthly. use A=P(1+r÷n)ⁿt
The amount owed is $____.
(Do not round until the final answer. Then round to the nearest cent as needed.)

Find The Amount Erica Owes At The End Of 6 Years If $5300 Is Loaned To Her At A Rate Of 8 % Compounded

Answers

Answer 1

The compound interest implies that Erica owes $10865 after 5 years

How to determine the amount Erica owes?

The given variables can be represented as:

Loan amount P = $5300Rate of interest, R = 8%Time to pay back the loan, t = 6 years

The compound interest formula is given as

A = P(1 + r/n)^nt

Also from the question, we have

n = 12

This is so because the loan is compounded 12 times in a year as a result of being compounded monthly

Solving further, we replace the variables with their values in the above equation

A = 5300 * (1 + (8%/12))^(6*12)

Evaluate

A = 10865

Hence, the amount owed is $10865

Read more about compound interest at:

brainly.com/question/2455673

#SPJ1


Related Questions

Use the discriminant to determine how many and what kind of solutions the quadratic equation 2x^2 - 4x = -2 has.

Please explain how you got the solution.

20 Points! Thanks!

Answers

Answer: One Real Solution

We can Identify the coefficients a, b, and c from your equation because as it says, it is in the format of the quadratic equation ( ax^2 + bx + c = 0 )

a=2,b=-4,c=2

Now we can use the discriminant to determine how many solutions this has using the equation b^2 - 4ac

Once we plug in our coefficients:

(-4)^2 - 4 x 2 x 2

Once we simplify, we get 0.

One real solution.

I hope this helps.

In this case, we first need to simplify the given quadratic equation 2x² - 4x = -2, and to do so, we perform the following simplification steps:

For a quadratic equation of the form ax² + bx + c = 0, the discriminant is calculated using the following formula:

   Δ = b² - 4ac

In this case, we have that the equation that we must solve is 2x²-4=-2, which implies that the corresponding coefficients are:

a = 2b = -4c = 2

By introducing these values into the formula we get:

         Δ = b² - 4ac = (-4)² - 4·(2)·(2) = 0

Therefore, the discriminant for the given quadratic equation is Δ=0=0, which is zero, and indicates that the equation 2x²-4=-2 has only one real root.

We can say: It has a Real solution.

If x-10=22,then x is equal to

Answers

Answer:

Step-by-step explanation:

x = 32

x - 10 = 22

add 10 to both sides of the equation

-10 + 10 = 0

22+ 10 = 32

x = 32

Solve the system by substitution. y equals 2 x squared minus 3 x minus 1 y equals x minus 3

Answers

y = 2x ^2 - 3x - 1
y = x-3

First we put the equation in terms of x, we replace y = x-3 in the other equation
y = 2x ^2 - 3x - 1, so we get:

x-3 = 2x^2 - 3x - 1
0 = 2x^2 - 3x - x - 1 + 3
0 = 2x^2 - 4x + 2

We look for a common factor in the equation which is 2:

2 ( x^2 - 2x + 1) = 0

We send the 2 to the other side as a division of 0 so it becomes 0, because 0 divided by anything is 0:

x^2 - 2x + 1 = 0/2
x^2 - 2x + 1 = 0

In ax^2 + bx + c find two numbers that added are b and that multiplied are c, in this case is -1 and -1, because b = -2 and c = 1 and b = (-1) + (-1) b = -2 and c = (-1) • (-1) c = 1, so we get:

(x-1) (x-1) = 0

So we get that:

x - 1 = 0
x = 1

I hope I was helpful.

Carlos finished his English assignment in
1/3 hours Then he completed his chemistry assignment in 3/4
hours. How much more time did Carlos spend on his chemistry assignment?

Answers

Answer:

5/12

Step-by-step explanation:

we need to subtract these 2 fractions

3/4-1/3

to start we change so they can have common denominators and both of them can be 12

3x3/4x3-1x4/3x4

9/12-4/12

5/12

hopes this helps please mark brainliest

An exponential function will have:

Answers

Answer:

Exponential functions have the form f(x) = bx, where b > 0 and b ≠ 1.

Step-by-step explanation:

Slope = ½; (h, k) = (1, -2) find the slope-point

Answers

The linear equation with a slope of 1/2 and that passes through the point (1, -2) is written in point-slope form as:

y = (1/2)*(x - 1) - 2

How to find the equation of the line?

For a linear equation with a slope m and a known point (h, k), the slope-point form is written as:

y = m*(x - h) + k

Where y and x are the two variables.

Here we know that the slope is 1/2, and the known point is (1, -2), then the values on the equation above are:

m = 1/2

h = 1

k = -2

Replacing that in the general formula for the linear equation in the slope-point form that is written above, we will get:

y = (1/2)*(x - 1) - 2

That is what we wanted to find.

If you want to learn more about linear equations, you can read:

https://brainly.com/question/1884491

#SPJ1

The ratio of the measure of the sides of a triangle is 2:3:6, and the perimeter is 187cm. What is the measure of the largest side?

Answers

The measure of the largest side of the triangle is 102cm.

What is ratio?

Ratio, is a term that is used to compare two or more numbers. It is used to indicate how big or small a quantity is when compared to another. In a ratio, two quantities are compared using division.

For example, 2:3:6 shows the ratio of the sides of a triangle. The perimeter which is the addition of the triangle is 187cm.

Therefore the measure of each side will be given as:

2/11×187= 34cm

3/11×187= 51cm

6/11×187= 102cm

This means that the measure of the three sides are 34cm, 52cm, and 102cm.

Therefore the measure of the largest side is 102cm

learn more about ratio from

https://brainly.com/question/2328454

#SPJ1

7. What is Mrs. Dudley's waming to the guests regarding her leaving the property at night?
a. If they do not clear the dinner table, she will not "wait on people" the following moming
(b.) If they get into trouble, she wouldn't be able to hear them "in the night"
c. If they decide they want to leave, no one will be there to "open the gate" for them
d. If they experience anything, not to "confront" it
8. Which statement best embodies Eleanor's feelings about Hill House?
a. "There is a comforting calmness that accompanies the silence that fills these halls"
b. "My confidence grew that my journcy will end with lovers mecting" "It's awful and I don't want to stay...get away from here, get away"
a. "I am finally starting to feel wanted because of these three people I can call friends"
9. The second guest claims that Eleanor is like his/her...
a. Best friend
b. Sister
(c) Cousin
d. mother
10. Which of the following statements does NOT describe Hill House or how it made its inhabitants feel?
a. "Hill House gave its guests a false sense of comfort and security"
b. "Hill House seemed awake"
c. "Hill House would stay as it was until it was destroyed"
d. "I am like a small creature swallowed whole by a monster [Hill House]"

Answers

In the end, Hill House stands for the enigmas of the human mind, whether it is "sane" or not, as well as the horror that the mind's intrinsic weirdness can arouse. Hill House is intricate, convoluted, and appears to be unknowable, just like the mind.

How does Dr Montague describe Hill House?

The history of Hill House is first described by Doctor Montague.

He asserts that "the concept of certain houses as filthy or banned" is an old one, much like the idea that some places on earth are fundamentally good and good, while others are sacred or holy.

Possibly "evil from the start," the Hill House has been uninhabitable for more than twenty years.

Instead of being malicious, Doctor Montague sees the home as sick or "deranged."

Doctor Montague learned about the rental from a previous tenant a year ago.

After researching it, he found that no renter had kept it for more than a few days.

Even finding a short-term lease, according to Montague, was challenging.

10) "Hill House provided its visitors with a false sense of security and comfort"

To learn  more about Dr Montague refer to:

https://brainly.com/question/24909517

#SPJ4

Please help As soon as possible I don't quite get this and I need this handed in PLEASE!!

Answers

The polynomial 1 / 10 x²  + 10 - 3x in standard form is 1 / 10 x² - 3x + 10.

How to represent polynomial in standard form?

The standard form of a polynomial is expressed by writing the highest degree of terms first then the next degree and so on.

Standard form simply refers to the format of a polynomial expression where the terms are arranged by decreasing order of degree. Where the degree is determined by the exponent value of the variable of each term.

Therefore, let's rewrite the expression in standard form.

1 / 10 x²  + 10 - 3x

Hence, in standard form,

1 / 10 x² - 3x + 10

learn more on standard form here: https://brainly.com/question/7037256

#SPJ1

72 items to ship 6 in each case how many cases total

Answers

12, 72 items in total to ship if each case holds 6 you must do 72/6 which gives you 12,

Answer is 12

The unknown number of cases that to be shipped if there are 72 items to ship 6 in each case is 12.

How many number of cases in total will be shipped?

To determine the total number of cases needed to ship 72 items, we need to divide the total number of items by the number of items in each case. In this case, we have 72 items to ship and each case can hold 6 items.

When we divide 72 by 6, we get 12. This means that there are 12 groups of 6 items that can be packed into cases. Each group represents one case.

Therefore, the total number of cases needed to ship 72 items is 12. Each case will contain 6 items, and there will be 12 cases in total.

Read more about unknown number here: https://brainly.com/question/21053452

#SPJ2

Find the coordinates of any points of intersection between the graphs of y = x^2 – 4x + 2 and y = -x^2 – 8x

Answers

Answer:

(-1, 7)

Step-by-step explanation:

First, set both equations equal to each other:

(y = x^2 – 4x + 2) = (y = -x^2 – 8x)

x^2 – 4x + 2 = -x^2 – 8x

x^2 + x^2 – 4x + 2 = -x^2 + x^2 – 8x

2x^2 - 4x + 2 = -8x

2x^2 - 4x +8x + 2 = -8x + 8x

2x^2 + 4x + 2 = 0

2(x^2 + 2x + 1) = 0

x^2 + 2x + 1 = 0

x^2 + x + x + 1 = 0

x(x+1) + 1(x+1) = 0

(x+1)(x+1) = 0

x+1=0

x=-1

y = -x^2 – 8x

y = -(-1)^2 – 8(-1) ==> plug in the x-value back into one of the equations

y = -1 – (-8)

y = -1 + 8

y=7

(-1, 7)

A small toy rocket is launched from a 18-foot pad. The height (h, in feet) of the rocket t seconds after
taking off is given by the formula h = - 3t^2 + 3t+18. How long will it take the rocket to hit the
ground?

Answers

The time it would take the rocket to hit the ground upon launch is; 3 seconds.

At what time does the rocket hit the ground?

It follows from the task content that the time taken for the rocket in discuss to hit the ground upon launch is to be determined.

Since the given formula for the height in terms of time, t is;

h = - 3t² + 3t + 18

It follows that ; when the rocket hits the ground; the height; h = 0.

Therefore;

0 = - 3t² + 3t + 18

0 = -3t² + 9t - 6t + 18

0 = -3t ( t - 3 ) - 6 ( t - 3)

-3t - 6 = 0 OR. t - 3 = 0.

t = -2. OR. t = 3.

Therefore, since the time after launch can only be positive; the time taken for the rocket to hit the ground is; 3 seconds.

Read more on quadratic functions;

https://brainly.com/question/17339309

#SPJ1

HELP ME OUT PLEASE ITS DUE IN 5 MINS

Answers

The equation that can be used to find the number of wolves in the state on January 1 is w - 23 = 84

How to represent a situation with an equation?

A zoologist is recording the loss of wolves in her state. She notes the number of wolves, w, in the state on January 1. One year later, there were 84 wolves in the state, which is 23 fewer wolves than were in the state a year earlier.

The equation that can be used to find the number of wolves in the state on January 1 can be calculated as follows:

where

w = number of wolves in the state January 1.

Therefore, the equation to represent the situation is as follows:

w - 23 = 84

learn more on equation here: https://brainly.com/question/7411234

#SPJ1

When an integer is subtracted from 8 times the next consecutive even integer, the difference is 86. Find the value of the greater integer.

Answers

Step-by-step explanation:

x = the integer number

8×(x + 2) - x = 86

8x + 16 - x = 86

7x = 70

x = 10

x + 2 = 12

the larger integer is 12.

Emy has 13 1/4 kilograms of sweet potatoes.She gave away 5 12 kilogramsof corn to her neighbors.how many kilograms of corn than potatoes did she gave away?

Answers

Answer:

2 1/4 kg

Step-by-step explanation:

Find the mode of this data set

Answers

Answer:

5, 4, 7

Step-by-step explanation:

5 and 4 and 7 step by step explanation:

Determine which set of ordered pairs represent a
Function and justify your selection.
{(-1,4), (2, 4), (8,4), (10,4)}
{(0, -2), (3, 7), (0, 2), (18,2))
{(-1,3), (-1,-1), (-1,-12), (-1,0)}
{(1, 2), (2, 3), (3, 4), (3,5)}
Justification: (What is your reasoning?)

Answers

Answer:

{(-1,4), (2, 4), (8,4), (10,4)}

all of the x-values are different

Step-by-step explanation:

The other three options have duplicate x-values with different y-values.

What is (-i)6?
O A. -i
OB. i
O C. 1
O D. -1

Answers

Answer: C. 1

Step-by-step explanation:

[tex](-i)^6 =(-1)^6 i^6 =(-1)(-1)=1[/tex]

How do you find equivalent in math?

Answers

To find equivalent expression in math is the fractions with distinct numerators and denominators but the same value are said to be equivalent fractions.

In mathematics, equivalent fractions are those with the same denominator and differing numerators.

The multiplicity of a member of a multiset in mathematics is the number of times the member appears in the multiset. The multiplicity of a root, for instance, is how many times a given polynomial has a root at a particular point.

It's crucial to understand the concept of multiplicity in order to correctly count without mentioning exceptions (for example, double roots counted twice). Thus, "counted with multiplicity" is used.

This can be highlighted by counting the number of different elements, as in "the number of separate roots," if multiplicity is disregarded. However, multiplicity is always taken into account when a set (as opposed to a multiset) is established, therefore the word "different" is not necessary.

For instance, if we simplify 5/15, we get a fraction that is equal to 1/3, which is equal to 5/15.

To learn more about fraction visit: https://brainly.com/question/10354322

#SPJ4

Kason went to Bella's bakery and ordered 3 mango smoothies, 3 chocolate covered cherries, and 1 peanut butter cookie how much money did he spend ?

chocolate-covered cherry costs $ 0.75 mango smoothies costs $ 4.25 peanut butter cookie costs $ 1.25

Answers

Answer:

16.25

Step-by-step explanation:

3 x 0.75(chocolate covered cherries) = 2.25

3 x 4.25(mango smoothie) = 12.75

1 x 1.25( peanut butter cookie)= 1.25

12.75 + 2.25 + 1.25= 16.25

I hope this helps...

Answer:

Kaso spent $16.25 at Bella's bakery

Step-by-step explanation:

Each item costs a certain amount of money. What you have to do is multiply that amount by the number of each item. Then, add the sum.

Kason ordered 3 mango smoothies. Each smoothie costs $4.25. Therefore multiply 3(4.25)=12.75

Next, he ordered 3 chocolate covered cherries. Each cherry costs 0.75. Multiply 3(0.75)=2.25

Finally, Kason ordered 1 peanut butter cookie. Since each cookie costs 1.25, that is the amount he paid for the peanut butter cookie.

Add the 3 numbers together.

12.75+2.25+1.25=16.25

This is the amount of money he spent in total.

Which pair of triangles is congruent by the ASA postulate?

Answers

In the concept of geometry, the pair of triangles that are congruent by the ASA Congruent Theorem are the pairs that have two corresponding angles and an included side that are congruent to each other.

Congruent:

Congruent refers the identical in shape and size.

Given,

Here we need to find in which pair of triangles is congruent by the ASA postulate.

As per the Angle-Side-Angle Congruent Theorem (ASA) states that when two triangles are considered congruent if they have two corresponding angles that are congruent and an included side that are congruent to each other.

So, this one included side is the side that is lie between the two congruent angles in each of the triangles.

Therefore, the triangle which form the pairs of angles given has two corresponding angles and an included side that are congruent to each other in each triangle.

To know more about Congruent here.

https://brainly.com/question/22062407

#SPJ4

help please the function f(x) = 3x -8 , solve f(x) = 7

Answers

Answer:

f(x) = 13

Step-by-step explanation:

f(x) = 7 means that x = 7

Plug this in:

3(7) - 8

21 - 8

13

f(x) = 13

What is square root of -36 classified as

Answers

Answer:

undefined

Step-by-step explanation:

The square root of any negative number is undefined because there is no possible solution. - × - = + and + × + = +

Marlene used the Distributive Property to find the product of 6 and 0.82. Which expression shows the Distributive Property?

Answers

The Distributive property on the expression gives a result of 4.9 and the distributed expression is (2 + 4) * 0.82

How to apply the Distributive property on the expression?

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

The expression is given as:

The product of 6 and 0.82

Mathematically, this expression can be represented as

6 * 0.82

To apply the distributive property,

We need to express 6 as the sum of two numbers

So, we have the following representation

6 * 0.82 = (2 + 4) * 0.82

Remove the brackets

6 * 0.82 = 2 * 0.82 + 4 * 0.82

Expand the terms of the expression

6 * 0.82 = 1.64 + 3.28

Evaluate the sum

6 * 0.82 = 4.92

Hence, the solution is 4.9

Read more about Distributive property at

brainly.com/question/4077386

#SPJ1

Given f(x)=4(3-x), what is the value of f(-11)? How do I solve these types of equations?

Answers

Answer:

-32

Step-by-step explanation:

Simple

you will just substitute where there is x

for example if f(x)=3x+1 what is f(-2) so we will just substitute( place 2 for x)

it will now be f(-2)=3(-2)+1

=-6+1

=-5

so back to your question My friend

f(x)=4(3-x)

f(-11)=4(3-11)

=4(-8)

=-32

Thanks

angle PKW is 180 degrees if two additional rays were added, call them ray j and ray s respectively. how would you draw the diagram

Answers

The angle with 180° is a straight line, and the ray can be drawn in any way.

What is a ray?

The definition of ray in maths, that it is a part of a line that has a fixed starting point but no endpoint.

Given that, angle PKW is 180 degrees and two additional rays were added,

The figure has been attached in answer.

We know when an angle measures 180° it makes a straight line and on it, we can draw as many ray as we want and in any way.

Hence, The angle with 180° is a straight line, and the ray can be drawn in any way.

For more references on ray, click;

https://brainly.com/question/17491571

#SPJ1

3 cups= fl.oz how ever knows it i need the hole probelem

Answers

3 cups is converted to 24 fl.oz.

What is Unit of Measurement?

A unit of measurement is a definite magnitude of a quantity, defined and adopted by convention or by law, that is used as a standard for measurement of the same kind of quantity

We need to convert 3 cups to fl.oz.

A fluid ounce is a unit used in the measurement of the volume of liquids. It is commonly abbreviated as fl. oz. (or fl oz)

By the omni chart we have 1 cup=8 fl.oz.

As there are 3 cups we have to multiply 8 with 3

3 cups = 24 fl.oz

Hence, 3 cups is converted to 24 fl.oz.

To learn more on Unit of Measurement click:

https://brainly.com/question/15402847

#SPJ1

Factor 100x² 140xy + 49y²

Answers

Answer:

100 times square times Y 49 gives= 14000

Please help will mark Brainly

Answers

Answer:

neither narrower or broader

Step-by-step explanation:

if you look at your problem it says identical so that means exactly the same so it would be the second choice neither narrower or broader

You need to buy some chicken for dinner tonight. You found an ad showing that the store across town has it on sale for $2.99 a pound, which is cheaper than your usual neighborhood store, which sells it for $3.29 a pound. Is it worth the extra drive?

First, determine what information you need to answer this question, then click here to display that info (along with other info).
How much chicken will you be buying? 5 pounds
How much far are the two stores? My neighborhood store is 2.3 miles away, and takes about 7 minutes. The store across town is 8.8 miles away, and takes about 21 minutes.
How kind of mileage does your car get? It averages about 19 miles per gallon in the city.
How many gallons does your car hold? About 14 gallons
How much is gas? About $3.66/gallon right now.

Answers

Based on the total costs of buying at the two stores, it is not worth the extra drive going to the store across town.

How are the total costs determined?

The total costs for buying 5 pounds of chicken at each store are added to the total gas costs to and from each location to determine the total costs of each option.

Based on the cost difference of $1 ($18.34 - $17.34), it is not advisable to travel across town just for 5 pounds of chicken, especially when you factor in the wear and tear of the car along the distance and the time difference.

The cost of a pound of chicken at a neighborhood store = $2.99

The cost of a pound of chicken at the store across town = $3.29

The number of pounds of chicken required = 5 pounds

The distance to and from the neighborhood store = 4.6 miles (2.3 miles x 2)

The distance to and from the store across town = 17.6 miles (8.8 miles x 2)

The total time to and from the neighborhood store = 14 minutes (7 x 2)

The total time to and from the store across town = 42 minutes (21 x 2)

The time difference = 28 minutes.

Car's mileage per gallon = 19 mpg

The cost of gas per gallon = $3.66

The total cost of buying at the neighborhood store = $17.34 ($3.29 x 5 + $3.66 x 4.6/19)

The total cost of buying at the store across town = $18.34 ($2.99 x 5 + $3.66 x 17.6/19)

Learn more about the total costs at https://brainly.com/question/25109150 and https://brainly.com/question/13661882

#SPJ1

Other Questions
the ability to not initiate a behavior before you have evaluated all of the information is called. a young athlete is training for marathon, and his coach has him keeping a pace that allows him to stay below his anaerobic threshold. by avoiding anaerobic glycolysis, the pyruvate produced in the muscle does not accumulate because it is converted to which one of the following? Write this ratio as a fraction in simplest form without any units. Joseph has $1.45 worth of nickels and dimes. He has a total of 17 nickels and dimes altogether. Determine the number of nickels and the number of dimes that Joseph has. One integer is 2 times another. If the product of the two integers is 32, then find the integers Jack raied 45 dollar. He raied 3 time more than Tamara. How much did Tamar raie? lossless air transmission line circuit of length lambda/4 is terminated in a load impedance. the transmission line is connected at its input end to a steady- state sinusoidal voltage source according to norcross, which of the following justifies granting humans and animals different moral statuses? based on the information you just read what part of the sodium potassium pump would make a potassium solution injection lethal? Triangle abc was dilated using the rule do,4. Triangle a'b'c' is the result of the dilation. Point o is the center of dilation. Triangle a b c is dilated to create triangle a prime b prime c prime. The length of o b is three-fourths. What is ob'?. airbags will develop no matter from what angle your car is hit at true or false arrange the following compounds in order of increasing boiling point find the area of the region that lies inside both curves. r2 = 50 sin(2), r = 5 in the forest, little sunlight is able to penetrate to the ground through the thick crown cover. as a result, . Are these statements about the Fluid mechanics true?Statement 1: Fluid mechanics is a branch in chemistry that involves study of fluids.Statement 2: Fluid mechanics can be divided into 2 major categories.a) True, Falseb) True, Truec) False, Trued) False, False What should you do if an individual asks you to let her follow you into your controlled space, stating that she left her security badge at her desk? Roger is a forensic investigator. His examination of a dead body reveals that the body is completely limp. Which state is the body in?. Which statement describes Plains hide artworks? A. They have symmetry created from geometric shapes and patterns. B. They tell visual stories of trading with European explorers C.They have decorations made of metal and clay beads. or D. They show realistic animals of the Great Plains. Pls help answer fast rapidly is of khan academy: PLEASE HELPSuri, a scientist at NASA, created models of each planet. The models contain the same properties as the actual planets, but at a smaller scale. The first property being tested is the density of the planets. Suri places each planet into a container of water. Which planet will float on top of the water?A) MercuryB) VenusC) NeptuneD) Saturn