In 2009, U.S. per capita personal income was $48,040. In 2012, it was $52,430. Assume that the growth of U.S. per capita personal income follows an exponential model. In what year will U.S. per capita income be double that of 2009?

Answers

Answer 1

The US per capita income will be double that of 2009 in the year 2025.

In the given problem, we are given the per capita personal income in the year 2009 and 2012, and we need to find the year when the per capita income of the US will be double the 2009 per capita personal income.

We are given that the growth of per capita personal income follows an exponential model. Let us denote the per capita personal income in the year 2009 as \(y_0\) and let x be the number of years elapsed. Since we are given that the growth of per capita personal income follows an exponential model, we can write: `

\(y = y_0 (1 + r)^{x}\)`

Here, r is the annual growth rate of per capita personal income.

Let us denote the annual growth rate of per capita personal income as r. Since we know the per capita personal income in the year 2009 and 2012, we can write:

`y_0 (1 + r)^(3) = 52,430`  =>  `y_0 (1 + r)^(3) / y_0 = 52,430 / 48,040` =>  `(1 + r)^(3) = 1.0919` =>  `1 + r = (1.0919)^(1/3)`

Now, we can find the value of r: `r = (1.0919)^(1/3) - 1`

We need to find the year when the per capita income of the US will be double the 2009 per capita personal income. Let us denote the year in which the per capita personal income will be double the 2009 per capita personal income as t. We can write:

`y_0 (1 + r)^(t - 2009) = 2y_0`

=>  `(1 + r)^(t - 2009) = 2`

=>  `t - 2009 = log2 / log(1 + r)`

=>  `t = 2009 + log2 / log(1 + r)`

Now, substituting the value of r, we can find the value of t:

`t = 2009 + log2 / log(1 + (1.0919)^(1/3) - 1)` =>  `t ≈ 2025`

Therefore, by 2025, the US per capita income will be double that of 2009.

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Related Questions

How does affordance contribute to motor development?

Answers

1. Affordably presented by objects or environments, such as a ball providing the opportunity to practice grasping, throwing, and catching.
2. Individuals perceive these affordances and decide to engage with them, based on their current motor abilities and developmental stage.
3. Through interacting with affordances, individuals practice and develop their motor skills by attempting, refining, and mastering the actions associated with affordance.

Affordably is a term used to describe the relationship between an individual's perception of their environment and their ability to interact with it. In terms of motor development, affordances refer to the opportunities for movement that the environment presents. These opportunities can be both physical and social and can include objects to manipulate, spaces to explore, and people to interact with.

The concept of affordance is important for motor development because it provides children with opportunities to practice and refine their motor skills. As children explore their environment, they are able to perceive the various affordances that it presents, and they can use these affordances to develop their motor skills.

For example, a child may perceive that a box can be used as a stepping stool, and they may use this affordance to climb up onto a table. In doing so, they are developing their balance, coordination, and strength. Similarly, a child may perceive that a ball can be thrown, caught, and bounced, and they can use these affordances to develop their hand-eye coordination, spatial awareness, and timing.

Overall, affordance plays an important role in motor development by providing children with opportunities to explore and interact with their environment and to develop their motor skills in the process.
Affordance contributes to motor development by providing opportunities for individuals to interact with their environment, which in turn helps them develop and refine their motor skills. Affordance refers to the potential actions or uses that an object or environment provides to an individual. In the context of motor development, affordances can be seen as opportunities for practicing and enhancing motor abilities.


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The number of units produced does not affect net operating income when using _____ costing.

Answers

The number of units produced does not affect net operating income when using absorption costing.

All production expenses, including direct materials, direct labour, and both variable and fixed overhead costs, are included in the cost of each unit produced in absorption costing. This means that as more units are manufactured, the total manufacturing cost is distributed over a greater number of units, resulting in a reduced cost per unit.

Variable costing, on the other hand, includes only variable production expenses, such as direct materials, direct labor, and variable overhead costs, in the cost of each unit produced. Fixed manufacturing overhead costs are considered period expenses and are not included in the product cost.

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Write an equation in slope intercept form for the line that is parallel to y= 2/5x-2 and passes through the point (-20,-7). Show your work (PLEASE ANSWER ASAP)

Answers

Answer:

y = 2/5x + 1

Step-by-step explanation:

If two lines are parallel, their slopes are equal

so the slope would be 2/5

if y = -7, x = -20, m = 2/5

slope-intercept form:

y = mx + b

-7 = 2/5(-20) + b

-7 = -8 + b

b = 1

then y = 2/5x + 1

What is the probability that the restaurant is located in a city with a population over 100,000, given that it is located in the southwestern United States

Answers

The probability that the restaurant is located in a city with a population over 100,000, given that it is located in the southwestern United States, is approximately 0.267 or 26.7%.

To find the probability that the restaurant is located in a city with a population over 100,000, given that it is located in the southwestern United States, we need to consider the percentage distribution provided in the table.

From the table, we can see that the probability of selecting a restaurant from the southwestern United States (SW) is 3%. Within the southwestern region, the probability of selecting a restaurant in a city with a population over 100,000 is given as 8%.

To calculate the conditional probability, we use the formula:

Probability (A|B) = Probability (A ∩ B) / Probability (B),

where A is the event of selecting a restaurant in a city with a population over 100,000 and B is the event of selecting a restaurant from the southwestern United States.

Applying the formula, we have:

Probability (A|B) = (Probability of selecting a restaurant in the southwestern United States with a population over 100,000) / (Probability of selecting a restaurant from the southwestern United States).

Probability (A|B) = 8% / 3%.

Simplifying, we find:

Probability (A|B) ≈ 0.267.

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Note the full question is 1) A fast-food restaurant chain with 700 outlets in the United States has recorded the geographic location of its restaurants in the accompanying table of percentages. One restaurant is to be chosen at random from the 700 to test market a new chicken sandwich. Region <10,000 Population of City 10,000 - 100,000 >100,000 NE 6% 15% 20% SE 6% 1% 4% SW 3% 12% 8% NW 0% 5% 20% What is the probability that the restaurant is located in a city with a population over 100,000, given that it is located in the southwestern United States?

Indicate below weather the equation in the box is true or false

Indicate below weather the equation in the box is true or false

Answers

Answer:

False

Step-by-step explanation:

4/8 equals to 1/2 but 6/10 equals to 3/5. Correct would be if it was 5/10

Gregor mendel is examining peas to try to understand how traits are passed from parents to offspring. today, gregor has 228228228 peas to examine. the pods have 666 peas per pod. how many pods of peas are there?

Answers

There are the number of pods of peas are  = 38

What is a division in math?

A number is split in the straightforward action of division. It's simpler to visualize it as a set of items being distributed to a certain group of individuals, as in the scenario given above. Naturally, in the interest of fairness, you should always offer each person the same amount.

One of the four fundamental operations of arithmetic, or how to mix numbers to create new ones, is division. Addition, subtraction, and multiplication are the other operations.

According to the given information:

total number of peas = 288

peas have per pod  = 6

total number of pods required  = 288/6

                                                    = 38

there are the number of pods of peas are  = 38

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I understand that the question you are looking for is:

George Mendel is examining peas to try to understand how traits are passed from parents to offspring. Today Gregor has 228 peas to examine . The pods have 6 peas per pod. How many pods of peas are there?

Read the numbers and decide what the next number should be. 1 1.25 7 7.50 2 2.25 8

Answers

The next number would be 9.50 because it hours 11.25 to 7 than 7.50

Someone please helppp

Someone please helppp

Answers

i dont know what the answer is but all i can say is to read it closely and try asking your teacher and\or parents to help you understand

jane is going on a backpacking trip with her family. they need to hike to their favorite camping spot and set up the camp before it gets dark. sunset is at 5:52 p.m. it will take 1 hour and 36 minutes to hike to the camping spot and 57 minutes to set up the camp. what is the latest time jane and her family can start hiking?

Answers

The latest time Jane and her family can start hiking is 3:19 p.m.

The latest time Jane and her family can start hiking is as follows:

1. First, find the total time needed for hiking and setting up camp: 1 hour and 36 minutes for hiking, plus 57 minutes for setting up camp.

2. Convert the hours and minutes to minutes only: 1 hour = 60 minutes, so 1 hour and 36 minutes = 60 + 36 = 96 minutes.

3. Add the hiking time (96 minutes) to the camp setup time (57 minutes): 96 + 57 = 153 minutes.

4. Convert 153 minutes back to hours and minutes: 153 minutes = 2 hours and 33 minutes.

5. Subtract the total time needed (2 hours and 33 minutes) from the sunset time (5:52 p.m.): 5:52 p.m. - 2 hours and 33 minutes.

6. The latest time Jane and her family can start hiking is 3:19 p.m.

Your answer: The latest time Jane and her family can start hiking is 3:19 p.m.

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A kite flying in the air has a 12-ft line attached to it. Its line is pulled taut and casts an 11-ft shadow. Find the height of the kite. If necessary, round your answer to the nearest tenth.

Answers

4.8 feet? If that helps

Brody and his children went into a movie theater and he bought $44.50 worth of
drinks and pretzels. Each drink costs $6 and each pretzel costs $3.25. He bought a
total of 12 drinks and pretzels altogether. Determine the number of drinks and the
number of pretzels that Brody bought.

Answers

Answer:

10 pretzels and 2 drinks

Step-by-step explanation:

2 drinks are 12

10 pretzels are 32.50

Answer:

2 drinks, 10 pretzels

Step-by-step explanation:

d = # of drinks

p = # of pretzels

1)  d + p = 12

2)  $6d + $3.25p = $44.50

solve equation 1 for d:  d = 12 - p    substitute this into equation 2 and solve for p

6(12 - p) + 3.25p = 44.50

72 - 6p + 3.25p = 44.50

-2.75p = 44.50 - 72

-2.75p = -27.50

p = -27.50/-2.75 = 10     plug this into equation 1 and solve for d

d = 12 - 10 = 2

double check the answers:  6(2) + 3.25(10) = 44.50  correct!

Please Help 100 POINTS!!!

Please Help 100 POINTS!!!

Answers

Answer:

B

Step-by-step explanation:

Answer:

B. \(\frac{x^2}{3^2} +\frac{y^3}{2^2} =1\)

Step-by-step explanation:

Please Help 100 POINTS!!!

the hawaii visitors bureau collects data on visitors to hawaii. the following questions were among 16 asked in a questionnaire handed out to passengers during incoming airline flights.

Answers

Using sampling concepts, the population being studied is all visitors that are flying to the state of Hawaii.

What is the missing information?

The problem is incomplete, but researching it on a search engine, it asks for us to identify who is the population of this study.

What is population and sample?

Population: Collection or set of individuals or objects or events whose properties will be studied.Sample: The sample is a subset of the population, and a well chosen sample, that is, a representative sample will contain most of the information about the population parameter. A representative sample means that all groups of the population are inserted into the sample.

In this problem, a set of visitors traveling to Hawaii were sampled, hence the population being studied is all visitors that are flying to the state of Hawaii.

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Please help me I got quarantine and do not know what we are doing

Please help me I got quarantine and do not know what we are doing

Answers

the slope is how many units its goes up and how many it goes right basically rise/run

The answer choice’s at
A.x
B.y
C.k
D.s

Answer both plzzz ASAP

The answer choices at A.xB.yC.kD.sAnswer both plzzz ASAP

Answers

Answer:

I think the answer is 2 because the top of black is 3 units but then the top of blue is 6 units. and 3×2=6. im mot completely sure tho

Solve | x-1|+5=2 graph the solution (s), if possible.

Answers

Answer:

x = -2, 4

Step-by-step explanation:

find the solutions by first subtracting 5 from both sides.

|x-1| = -3

create 2 equations, one with pos. 3 and one with neg. 3.

|x-1| = -3

|x-1| = 3

solve both equations. you can ignore the absolute value signs now.

x = -2

x = 4

those are your two solutions!

Solve the following systems of equations using Gaussian Elimination. 2x + 3y + z = 2 y + 5z = 20 -x+2y+3z = 13
Find the inner product of two vectors A = (2, -3,0) and B = = (-1,0,5)

Answers

The inner product of two vectors A = (2, -3,0) and B = (-1,0,5) is -2 / √(13×26).

Solving the given system of equations using Gaussian elimination:

2x + 3y + z = 2 y + 5z = 20 -x+2y+3z = 13

Matrix form of the system is

[A] = [B] 2 3 1 | 2 0 5 | 20 -1 2 3 | 13

Divide row 1 by 2 and replace row 1 by the new row 1: 1 3/2 1/2 | 1

Divide row 2 by 5 and replace row 2 by the new row 2: 0 1 1 | 4

Divide row 3 by -1 and replace row 3 by the new row 3: 0 0 1 | 5

Back substitution, replace z = 5 into second equation to solve for y, y + 5(5) = 20 y = -5

Back substitution, replace z = 5 and y = -5 into the first equation to solve for x, 2x + 3(-5) + 5 = 2 2x - 15 + 5 = 2 2x = 12 x = 6

The solution is (x,y,z) = (6,-5,5)

Therefore, the solution to the given system of equations using Gaussian elimination is (x,y,z) = (6,-5,5).

The given two vectors are A = (2, -3,0) and B = = (-1,0,5). The inner product of two vectors A and B is given by

A·B = |A||B|cosθ

Given,A = (2, -3,0) and B = (-1,0,5)

Magnitude of A is |A| = √(2²+(-3)²+0²) = √13

Magnitude of B is |B| = √((-1)²+0²+5²) = √26

Dot product of A and B is A·B = 2(-1) + (-3)(0) + 0(5) = -2

Cosine of the angle between A and B is

cosθ = A·B / (|A||B|)

cosθ = -2 / (√13×√26)

cosθ = -2 / √(13×26)

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represent “the product of 9 and a number y” mathematically

Answers

Answer:

9y

Step-by-step explanation:

Here, we want to have a mathematical representation

the product of 9 and a number y means we have to multiply 9 by the number y as follows;

= y * 9 = 9y

The measures of the angles of a triangle are shown in the figure below. Solve for x.

The measures of the angles of a triangle are shown in the figure below. Solve for x.

Answers

Answer:

x = 2

Step-by-step explanation:

180= 90 + 57 + Z

Z = 180 - 90 - 57

Z = 33

33 = 7X + 19

7X = 33 - 19

7X = 14

X = 2

determine how many terms of the following convergent series must be summed to be sure that the remainder is less than in magnitude.
[infinity]
∑ (-1)^k+1 / k^4
k-1

Answers

The series can be written as:

∞∑k=1 (-1)^(k+1) / k^(4k-1)

To determine how many terms of the series must be summed to ensure that the remainder is less than some given value, we can use the remainder formula for alternating series:

|R_n| <= a_(n+1)

where R_n is the remainder after summing the first n terms, and a_(n+1) is the absolute value of the (n+1)-th term.

So, we need to find the smallest value of n such that:

|(-1)^(n+2) / (n+1)^(4n+3)| < ε, where ε is the given error tolerance.

We can simplify this inequality as:

1 / (n+1)^(4n+3) < ε

Taking the natural logarithm of both sides, we get:

(4n+3) ln(n+1) > ln(1/ε)

Using numerical methods, we can solve for n. Alternatively, we can use some approximations to get an estimate.

For large n, we have ln(n+1) ≈ ln(n), so we can simplify the inequality as:

4n ln(n) > ln(1/ε)

or

n > ln(ln(1/ε)) / 4ln(n)

We can start with n = 1000 and use this formula to check if the remainder is less than ε. If not, we can increase n by a factor of 2 and try again. Once we find the smallest n that satisfies the inequality, we can sum the first n terms to get an approximation of the series with the desired error tolerance.

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(a). Use the inner product (f, g) = ∫¹₀f(x)g(x)dx on C [0, 1] to compute (f, g) if (i). f = cos 2πx, g = sin 2πx, (ii). f = x, g=eˣ. (b). Let R² have the weighted Euclidean inner product (p, q) = 2u₁v₁ - 3u₂v₂ and let u=(3, 1), v= (1, 2), w=(0, -1), and k=3. Compute the stated quantities. (i) (u, v), (ii) (kv, w), (iii) (u+v, w), (iv) |v||, (v) d(u, v), (vi) ||u-kv||.

Answers

(a)(i) To compute the inner product (f, g) = ∫¹₀ f(x)g(x)dx for f = cos(2πx) and g = sin(2πx) on the interval [0, 1], we substitute the given functions into the integral:

∫¹₀ cos(2πx)sin(2πx)dx

We can use the trigonometric identity sin(2θ) = 2sin(θ)cos(θ) to simplify the integrand:

∫¹₀ 2sin(2πx)cos(2πx)dx

Next, we integrate over the interval [0, 1]:

= [(-1/4)cos²(2πx)]₀¹

= (-1/4)cos²(2π) - (-1/4)cos²(0)

= (-1/4)(1) - (-1/4)(1)

= -1/4 + 1/4

= 0

Therefore, (f, g) = 0.

(ii) For f = x and g = eˣ, we compute the inner product (f, g) = ∫¹₀ f(x)g(x)dx:

∫¹₀ xeˣ dx

We integrate by parts using the formula ∫u(dv) = uv - ∫v(du), where u and v are differentiable functions:

u = x dv = eˣ dx

du = dx v = eˣ

Applying the formula, we have:

= [xeˣ - ∫eˣ dx]₀¹

= [xeˣ - eˣ]₀¹

= [(1e - e) - (0e⁰ - e⁰)]

= [e - e - 1]

= -1

Therefore, (f, g) = -1.

(b)

(i) (u, v) = 2u₁v₁ - 3u₂v₂ = 2(3)(1) - 3(1)(2) = 6 - 6 = 0.

(ii) (kv, w) = 2u₁v₁ - 3u₂v₂ = 2(3)(1) - 3(1)(-1) = 6 + 3 = 9.

(iii) (u+v, w) = 2(u₁+v₁)w₁ - 3(u₂+v₂)w₂ = 2(3+1)(0) - 3(1+2)(-1) = 0 - 9 = -9.

(iv) |v| = sqrt((2u₁)² + (-3u₂)²) = sqrt((2(1))² + (-3(2))²) = sqrt(4 + 36) = sqrt(40) = 2sqrt(10).

(v) d(u, v) = sqrt((u₁-v₁)² + (u₂-v₂)²) = sqrt((3-1)² + (1-2)²) = sqrt(4 + 1) = sqrt(5).

(vi) ||u-kv|| = sqrt((u₁-kv₁)² + (u₂-kv₂)²) = sqrt((3-3(1))² + (1-3(2))²) = sqrt(0 + 4) = sqrt(4) = 2.

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Construct both a 98% and a 80% confidence interval for B₁. B₁=46, s=5.7, SSzz = 57, n = 12 98%:

Answers

To construct a 98% confidence interval for B₁, we can use the t-distribution since the sample size is small (n = 12).

Given the sample mean (B₁ = 46), sample standard deviation (s = 5.7), and sum of squares (SSzz = 57), we can calculate the confidence interval.

The formula for a confidence interval is:

Confidence Interval = Sample Mean ± (Critical Value * Standard Error)

For a 98% confidence level and n = 12, the critical value is approximately 2.681 (obtained from a t-distribution table).

The standard error is calculated as the sample standard deviation divided by the square root of the sample size (s / √n).

Plugging in the values:

Standard Error = 5.7 / √12 ≈ 1.647

Confidence Interval = 46 ± (2.681 * 1.647)

Therefore, the 98% confidence interval for B₁ is approximately (42.21, 49.79).

In conclusion, we can be 98% confident that the true value of B₁ falls within the range of 42.21 to 49.79 based on the given sample data.

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Here is the production function for the economy of Morovia: Y=

K (Y= Square Root of K). People invested 55% of income, and 10% of capital depreciates. If capital was equal to 25 last year, and technology did not change, then what could be the amount of capital this year? Select one: a. Something more than 25 b. 25 c. Something less than 25 d. None of these are true e. It is not possible to determine this from the information given

Answers

Based on the given information, the amount of capital this year (K1) could be something less than 25 (option c).

To determine the amount of capital this year based on the given information, we can use the investment and depreciation rates.

Let's denote the amount of capital this year as K1.

According to the information provided:

People invest 55% of income, but we don't have any information about income. Therefore, we cannot determine the exact investment amount.

10% of capital depreciates. Based on this, the capital at the beginning of this year (K1) can be calculated as follows:

K1 = K - 0.1K

= 0.9K

Since we know that the capital last year was equal to 25, we substitute K = 25 into the equation above:

K1 = 0.9 * 25

= 22.5

Therefore, based on the given information, the amount of capital this year (K1) could be something less than 25 (option c).

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30 POINTS!!!EMERGENCY HELP NEEDED!! WILL MARK BRAINIEST!!
A group of students wants to determine if a person's height is linearly related to the distance they are able to jump.
Each student was given three tries at the jump and their longest jump distance was recorded. The data the students collected is shown below.

Height (in.) Jump Distance (FT.)
59 5.4
60 5.2
65 6.5
74 6.6
72 6.9
66 6.6
63 6.0
70 6.8
61 5.5
62 5.9
64 6.1
65 6.0
67 6.7
60 5.7
68 6.8
67 6.5

Use a form of technology to compute the correlation coefficient, r,
for the linear fit between the person's height and the distance they were able to jump, where rxy=∑i=1n(xi−x¯¯¯)(yi−y¯¯¯)∑i=1n(xi−x¯¯¯)2∑i=1n(yi−y¯¯¯)2⎷
and n
is the number of students and x
represents the person's height and y
represents the distance they were able to jump.
Enter the correlation coefficient. Round your answer to the nearest hundredth.

Answers

The correlation coefficient between the student's height and the distance they were able to jump is -1.13.

To compute the correlation coefficient (r) between the person's height and the distance they were able to jump, we need to use the given formula:

\(r = \sum (xi - \bar x)(yi -\bar y) / \sqrt{(\sum (xi - \bar x)^2 * \sum (yi -\bar y)^2)\)

Where:

x represents the height of the studenty represents the distance they were able to jump\(\bar x\) represents the mean height of all students\(\bar y\) represents the mean jump distance of all students∑ denotes the sum of the values

In our case,

\(\bar x\) = 64.44

\(\bar y = 6.06\)

Square the differences and sum them:

\(\sum ((xi -\bar x)^2) =307.84\\\\\sum ((yi -\bar y )^2) = 2.7224\)

Calculate the correlation coefficient using the formula:

\(r = -32.63 / \sqrt{(307.84 * 2.7224)}\\\\r = -32.63 / \sqrt{838.74158}\\\\\r = -32.63 / 28.96\\\\r = -1.128\)

Therefore, the correlation coefficient (r) for the linear fit between height and jump distance is approximately -1.13.

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2.(X+3) > 5. (3x + 1)

Answers

Answer:

3x+1 > 7

Step-by-step explanation:

x+3 > 5

x > 5-3

x > 2

3(x)+1

= 3(>2)+1

= 3x+1 > 7

Hope this helped!

Mr. Suarez orders a cube of clay for his art class. The height of the cube is 12 inches. Write and simplify an exponential expression to find how much clay Mr. Suarez ordered. show work

Answers

Answer:

1728 inches Total

Step-by-step explanation:

Cubes have the same height width and depth therefore the Question is 12 X 12 X 12, 12 X 12 = 144 X 12 = 1728.

should the researcher use the rows or the columns of the field as blocks? justify your answer.

Answers

Yes, the researcher use the rows or the columns of the field as blocks.

When conducting research, it is important to think about which structure to use as the basis for your work.

In particular, when dealing with a matrix, the question arises of whether the researcher should use the rows or columns as blocks.

Both have their own advantages and drawbacks, which should be taken into consideration before making a decision.

However, it can be challenging to discover similarities between data points within the same row.

Additionally, the matrix structure can become distorted, as the data points no longer form a neat square or rectangle.

Ultimately, which approach the researcher should take depends on the type of research being conducted and the goals of the project.

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Which expression would you use to determine the missing number in the sequence?
11, ____, 25, 32, 39
A. (11 + 25) - 2
B. (11 + 25) ÷ 2
C. (25 + 32) ÷ 2
D. (32 - 25) ÷ 2

Answers

Solution :-

In this patern you can see that , they are 7 after any number.

Like → 25 + 7 = 32 than 32 + 7 = 39 .

So,

If we add 7 in 11 so it will be 18.

Now we have to find the 18 in the given options after solve them.

So,

A) → (11 + 25 ) -2

Solve :- ( 36 ) -2

:- 34------------- it's not our answer. ____________________

B) → (11 + 25) ÷ 2

Solve :- (36) ÷2

:- 18-------------it's our answer.

____________________

Hence,

Option (B) is correct ☑

Find the value of x DCEB

Find the value of x DCEB

Answers

Answer:

Step-by-step explanation:

All interior angles in a quadrilateral add up to 360.

The missing interior angle in the lower left side is 110 due to the linear pair theorem. 70+?=180 , ?=110

So,

80+56+110+3x-6=360

240+3x=360

3x=120

x=40

Need a clear answer ASAP please
If $1205 is borrowed for 11 years at an annual simple insterest rate of 11.3%, what is the total amount that must be repaid rounded to the nearest cent?

Answers

Answer:

If the interest is yearly $2702.87 will be owed

Step-by-step explanation:

first you would need to find out how much 11.3% of $1205 is which is $136.17. And since the interest is yearly you would multiply the $136.17 by the 11 years which would be $1497.87. Then you would add the amount that they borrowed to the interest that they would owe after 11 years which would be $1497.87 + $1205 = $2702.87. So after 11 years the total amount that must be repaid is $2702.87

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