Michael wants tto start a garmets business. He borrowed 50000 for 5 years at 14% from his friend. The intrest is compoudee semi-annually from his friend. What is the total amount he will have to pay back to his friend?Round to the nearest cent

Answers

Answer 1

Answer:

98,357.57

Step-by-step explanation:

The formula to find the total amount obtained using compound interest is given as:

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

Where:

A = Amount returned or payed back.

P = Amount borrowed = 50,000

R = Interest rate = 14% = 0.14

T = Time = 5 years

n = number of time compounded = semi annually = 2

Hence,

A = 50,000(1 + 0.14/2)^2 ×5

A = 50,000(1 +0.07)^10

A = 98,357.57

The amount he is paying back to his friend is 98,357.57.


Related Questions

The gas Station has pecans for $1.60 per pound and walnuts for $2.20 per pound how much walnut must be added to 5 pounds pecans to make a mixture to be sold at two dollars per pound solve

Answers

Answer:

10 pounds of walnuts

Step-by-step explanation:

step one:

given data

pecans sell for $1.60 per pound

walnuts sell for $2.20 per pound

mixture sells for $2 per pound  

Required: the amount in pounds of walnuts

Step two:

let he amount in pounds for the walnuts be x pounds

the amount in pounds of the mixture is

(5+x ) pounds

The cost of the mixture is

5*1.6 +x*2.2 = 2(5+x)

solve for x

8+2.2x=10+2x

collect like terms

8-10=2x-2.2x

-2=-0.2x

rearrange

0.2x=2

divide through by 0.2

x=2/0.2

x=10 pounds of walnuts

beth and joradan are both driving on the same road and started at the same location beth drove 2 milles and stoped and drove another 5 milles beth is now 3 milles behind

Answers

Answer:

Beth and Joradan are 4 miles from the point at where they started (on the same road).

Step-by-step explanation:

The steps shows how thing works

17th Street Surf shop buys t-shirts wholesale for $5 each. They sell them after a mark p of 75%. Find the amount of mark up and the retail price. markup price: retail price: please help me

Answers

Given:

Wholesale price = $5

They sell them after a markup of 75%.

To find:

The amount of mark up and the retail price.

Solution:

We have,

Wholesale price = $5

Markup% = 75%

[tex]Markup=5\times \dfrac{75}{100}[/tex]

[tex]Markup=5\times 0.75[/tex]

[tex]Markup=3.75[/tex]

Now,

Retail price = Wholesale price + Markup

[tex]\text{Retail price}=5+3.75[/tex]

[tex]\text{Retail price}=8.75[/tex]

Therefore, the markup price is $3.75 and retail price is $8.75.

2x+8=-6x-(-16)
what is x

Answers

Answer:

1

Step-by-step explanation:

2x + 8 = -6x -(-16)

2x + 8 = -6x + 16

8x = 8

x = 1

This equation represents the data:

2.5(12.75x + 24.50) = 188.75

Big Time Movers worked
hours on New Year’s Day.

Answers

Answer:

the answer is 4

Step-by-step explanation:

i just did it on edge

Answer:4

Step-by-step explanation:


2. In the real-world, humans hear sound as an analog signal. This means the signal is a continuous
waveform, which is completely processable by human ears. However, machines 'hear' sound a little
differently, as they process sound digitally, which is a discrete waveform.
When sound is recorded or transmitted electronically, the continuous (analog) waveform is sampled to
convert it to a discrete (digital) sequence. Sampling is the process of reducing a continuous-time signal
to a discrete-time signal. As the sampling rate increases, the sound quality of the recording or
transmission will improve.
The graphs below represent two different samples of a pure tone. Sample 1 is taken 8 times per unit of
time. Sample 2 is taken 16 times per unit of time.

a) why would sample 2 reproduce a better replication of the pure signal?
b) write a sinusoid model for sample 2.

Answers

Answer:

a) Sample 2 records at a more frequent rate, so compared to 1 it's a continuous waveform.  

b) y = 7.75 • cos(π/8(x))+7.75

Step-by-step explanation:

that other guy wasn't very nice for not giving the answer, screw him

A quantity with an initial value of 590 decays continuously at a rate of 55% per year. What is the value of the quantity after 21 months, to the nearest hundredth?

Answers

Answer:

22.13

Step-by-step explanation:

Given that :

Initial quantity = 590

Decay rate = 55% per year

Value of the quantity after 21 months to the nearest hundredth

If decât rate per year = 55%

Monthly rate of Decay = 55% / 12 = 0.0458333

Hence, quantity after 21 months :

Initial amount - (Initial amount * 21(monthly Decay rate))

590 - (590 * 21(0.0458333))

590 - 567.874587

= 22.125413

= 22.13 (nearest hundredth)

Answer:

\approx 225.34

≈225.34

Step-by-step explanation:

I'm being a procrastinator with school work- I need people to talk to.

Answers

Answer:

I'll talk to you!

Step-by-step explanation:

Find the slope between these two points:



(-5,3) and (4,6)

Answers

Answer:

I believe it is m=1/3.

Step-by-step explanation:

Answer:

11 I believe

Step-by-step explanation:

Ricardo has just taken over his parents' restaurant. He knows after working there for many years that one of the major concerns among employees is competitive pay. Specifically, Ricardo's servers think that they are paid less than servers in similar restaurants.

To help investigate this issue, Ricardo employs a company that specializes in gathering data about pay rates for similar positions across the state. The company provides Ricardo with the following box-and-whisker plot.


Ricardo's goal is to provide his servers with competitive pay compared to other restaurants in the state. He currently pays his servers hourly rates ranging from $8.50 to $11.50, depending on experience and seniority. His median server pay is $8.83. Based on what he sees in the plot above, which of the following is an appropriate conclusion for Ricardo?
A.
Ricardo's median is consistent with the state median. Ricardo should leave his servers' pay as it is.
B.
Most of Ricardo's servers are paid more than the state median. Ricardo should leave his servers' pay as it is.
C.
Ricardo's minimum, maximum, and median are all significantly less that those of the state. Ricardo should increase his servers' pay.
D.
Almost half of other servers across the state make more than the highest paid of Ricardo's servers. Ricardo should increase his servers' pay.

Answers

Answer:

D

Step-by-step explanation:

D

What is the Distance between 11.3 and 20

Answers

The distance is 8.7

At the avonelea country club,72% of the members play bridge and swim, and 76% play in bridge . If a member is selected at random , find the probability that the number of swims given that member plays bridge . Please round the final answer to 2 or 3 decimal places

Answers

Answer:

0.947

Step-by-step explanation:

Given that :

Play bridge and swim = 72%

Play bridge = 76%

Let play bridge = B

Swim = S

Thus ;

P(B n S) = 0.72

P(B) = 0.76

Probability that member swims given that member plays bridge

P(S | B) = P(BnS) / P(B)

P(S | B) = 0.72 / 0.76

P(S | B) = 0.947

what's a good app for ios 14 to customize your apps?

Answers

Answer:

Color Widegts

Widetsmith

Shortcuts + add shortcut (to change the icon) I think

Step-by-step explanation:

Answer:

Look down!!

Step-by-step explanation:

5 Apps to Help You Customize Your Phone's Home Screen With iOS 14

Color Widgets. Make your home screen a beauty with Color Widgets, which allows you to choose from hundreds of premade widgets or create your own.

1. Widgetsmith

2. Shortcuts

3. Timepage

4. Carrot

Hope this helps!!

Nine of the Twenty-five girls on Albert Einstein Middle School's soccer team are sixth-grade students. Find the percentage of sixth graders on the team. Show two different ways of solving for the answer.

Answers

Given :

Nine of the Twenty-five girls on Albert Einstein Middle School's soccer team are sixth-grade students.

To Find :

Find the percentage of sixth graders on the team.

Solution :

Let, percentage of sixth graders be P.

So,

[tex]P=\dfrac{9}{25}\times 100\\\\P=36\%[/tex]

Therefore, percentage of sixth graders on the team is 36% .

Hence, this is the required solution.

The area of a rectangle is 3/5 square meter. The width is 2/5 meter. A. What is the length of the rectangle? Write your answer as a fraction in simplest form. The length of the rectangle is meters. B. How many times greater is the length than the width? Write your answer in simplest form. The length is times greater than the width.

Answers

Answer:

Step-by-step explanation:

Area of a rectangle is represented as;

A = length * width

Given

Area = 3/5 m²

Width = 2/5 m

Required

Length = x

Get the length;

From the formula

L = A/W

L = 3/5 ÷ 2/5

L = 3/5 × 5/2

L = 3/2 m

Hence the length of the rectangle is 3/2 m

Take the ratio of the length to the width as shown;

L/W = 3/2÷2/5

L/W = 3/2 * 5/2

L/W = 15/4

L = 15/4 W

Hence the length is 15/4 times greater than the width

The number of employees for a certain company has been decreasing each year by 2​%. If the company currently has 850 employees and this rate​ continues, find the number of employees in 15 years.

Answers

Answer

524 workers are still there

Which statement is true about letter o?

Answers

Answer:

its perfectly round

Step-by-step explanation:

2
Solve the system of linear equations by graphing.
3
y= 2 x + 3
y=x+1
I

Answers

Answer:

(-2,-1)

Step-by-step explanation:

(-2,-1)Graph it

PLEASE HELP ASAP!!! IL AMRK BRAINLEST

Answers

Answer:

56

Step-by-step explanation:

The reason why it says 6 is because when u do 3 x 2 u get 6.

| | represent absolute value which turns the negative answer into a positive answer.

Doing PMDAS u multiply first then add and subtract.

2b-3/b-2 = 3b/b+2 ... Solutions by cross multiplying

ANSWER > 1, 6
- Neither 1 or 6 are extraneous

Answers

Step-by-step explanation:

(2b-3)/(b-2)(b+2) = 3b(b-2)/(b+2)(b-2)

2b²+4b-3b-6/b²-4=3b²-6b/b²-4

2b²+b- 6= 3b²-6b

move square to square unknown to unknown

-b²+7b-6/b²-4

i also dk this is true or false

You bike 18.25 km in 105 min. What is the unit rate in kilometers per minute?

2.432 km/min
0.1738 km/min
0.2432 km/min
1.738 km/min​

Answers

Answer:

B

Step-by-step explanation:

you divide 18.26 by 105 to find the unit rate

Help I need help on this question

Answers

multiply 5/6 and 2/3 , then you get 10/18
simplify 10/18 to 5/9 m^2

Which are the coordinates of the blank?

Answers

Answer:

its C. (3,7)

Step-by-step explanation:

Ithe answer is c : idekrgrbneneje

Nancy was keeping track of how many miles she ran each month. In April, she ran 25 miles. In May, she ran 34 miles, and in June, she ran 42 miles. Choose the answer that is the best estimate for the total number of miles she ran during these 3 months.

Answers

Nancy was recording the number of miles she ran every month. The total amount of miles she ran throughout these three months is 101.

Given that,

Nancy was recording the number of miles she ran every month. She ran 25 miles in April. She ran 34 miles in May and 42 miles in June.

Select the response that provides the most accurate estimate of the total amount of miles she ran throughout these three months.

Based on the given conditions, formulate: 42+24+34 miles.

Calculate the sum :67+34

Calculate the sum :101

Therefore, the total amount of miles she ran throughout these three months is 101.

To learn more about miles visit: https://brainly.com/question/23245414

#SPJ1

Give the x-intercept
3x + 8y = 24

Answers

Answer:

x-intercept(s): ( 8 , 0 )

Step-by-step explanation:

Answer:

x-intercept(s):

( 8,0)

Step-by-step explanation:

To find the x-intercept, substitute in

0

for

y

and solve for

x

. To find the y-intercept, substitute in

0

for

x

and solve for

y

.

.

Why might people exercise their First Amendment right to petition the government? A. to elect a new representative for their state B.to find a lawyer to represent them in court C. to ask the government to help fix a problem D.to express satisfaction with the government

Answers

Answer:

to elect a new representative for their state

Step-by-step explanation

nice day to ya fellas

To ask the government to help fix a problem.

Petitioning the government is a formal request to ask the government to put action into something to help fix a problem or start something new.

BRANLIEST PLSS HELPP

Answers

Answer:

I have researched a bit on it and I think the answer is A but if I am wrong I am sorry I really tried and I am just trying to get done with my question and I did not guess I promise.

1/5 multiplied by what number will result in a product of 1/10

Answers

Answer:

1/2

Step-by-step explanation:

THIS 50 POINTS ANSWER FAST. Graph two lines whose solution is (1,4) give me the 2 of the equations. For the graphs go to Desmos. Answer fast.

Answers

Answer:

The graph is shown below.

Step-by-step explanation:

WHO HAS THIS PAGE ????????

Answers

Answer:

i did

Step-by-step explanation:

i already turned it in thoo

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