Mrs. Anderson takes out a loan to have her kitchen remodeled. The bank offered her a $20,500 loan
compounded annually at a rate of 11%. If Mrs. Anderson will be paying the loan back over a 48
month period, what is the cost of credit she will have to pay back to the bank?
$31,120.44
$9020.00
$10,620.44
$29.520.00

$15.40 per mile

step-by-step explanation:

you have to round up to 4 because 6 is over 5 so you have to round the 3 up to 4

the above table 1 will calculate the population size (n) after a certain length of time (t). all you need to do is plug in the initial population number (no), the growth rate (r) and the length of time (t). the constant (e) is already entered into the equation. it stands for the base of the natural logarithms (approximately 2.71828). growth rate (r) and time (t) must be expressed in the same unit of time, such as years, days, hours or minutes. for humans, population growth rate is based on one year. if a population of people grew from 1000 to 1040 in one year, then the percent increase or annual growth rate is 40/1000 x 100 = 4 percent.

step-by-step explanation: