Answer:
The total interest to pay back on the loan is $122.40
Step-by-step explanation:
Here. we want to get the amount of interest on the loan
We are going to use the compound interest formula here
A = P(1 + r/n)^nt
where A is the amount to be paid back
P is the amount borrowed called the principal which is $1,500
r is the interest rate which is 4% annually
This is same as 4/100 = 0.04
n is the number of times the interest will be compounded per year ; annually means yearly and so for this case, n = 1
t is the number of years = 2
So we have;
A = 1500(1 + 0.04/1)^(2)(1)
A = 1500(1.04)^(2)
A =$ 1,622.40
So the amount of interest is the difference between the amount borrowed and the value to pay back
That will be;
$1,622.40 - $1,500
= $122.40
I’m not sure but u need more information on your question
If the areas of two equilateral triangles are 27 yd² and 75 yd², then the ratio of these areas is 27/75 = 9/25
If the ratios of the areas are 9:25, then their similarity ratio and the ratio of their perimeters is √9:√35 = 3:5.
3 : 5; 3 : 5 <==ANSWER
First, turn the mixed numbers into improper fractions.
7 7/9 = 70/9
7 4/5 = 39/5
Second, find common denominators.
70/9 = 350/45
39/5 = 351/45
351/45 > 350/45
Therefore, 7 4/5 is greater.
Best of Luck!
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