An amount of $15000 is borrowed for 13 years at 3.25% interest, compounded annually. if the loan is paid in full at the end of that period, how much must be paid back?

22733.28$(This is a rounded approximate answer)

Step-by-step explanation:

The equation for exponential growth is A = P(1 + r)^n where A is the total money(interest), P is the principal, r is the rate(compound interest rate) and n is the amount of time. If you look closely and read carefully, you will find out that the principle is $15000. The rate is 0.0325(converted into decimal) and the time is 13 years. If you plug in all of this, you should get A = 15000(1.0325)^13, and A will equal approximately 22733.28$.

step-by-step explanation:

we can use this expression to calculate the energy gain as a particle moves with a field or the energy loss as it moves against it. (note that it is also used to define the electron-volt, a unit of energy equal to that gained by an electron as it falls through a pd of 1 v, i.e. w = 1 ev = 1.6 10-19 c 1 v = 1.6 10-19j).in fact this expression is really nothing more than the statement that potential is the potential energy per unit charge. in this case, v= w/qis simply stating that the change in potential energy(or work done) per unit charge is equal to the change in potential (or potential difference), v.student questions: uniform electric fields2electron beamcathode+5 kvanode0 v