Mathematics: The annual interest rate on a $10,000 loan is 18%. the exponential function that represents this is y = 10000(1.18t). write the exponential function for this loan in terms of a monthly interest rate.a) y = 10000(1.014)t b) y = 10000(1.014)12t c) y = 10000(1.098)t d) y = 10000(1.098)12t

The annual interest rate on a $10,000 loan is 18%. - id1000018353869, Alex9089435028

m4167281

06.07.2020

it B i just took the test

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shoafmckenzie5263

10.03.2022

$y=10000(1.015)^{12t}$

option-B......Answer

Step-by-step explanation:

We are given

amount taken for loan =$10000

so, P=10000

annual interest rate =18%

r=0.18

now, we can use formula

$y=P(1+\frac{r}{n} )^{nt}$

Since, it is compounded monthly

so, n=12

we can plug values

$y=10000(1+\frac{0.18}{12} )^{12t}$

$y=10000(1.015)^{12t}$

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caz27

26.02.2021

$425 - 250 = 175 \\ 175 \div 250 = 70\% \\ difference \: divided \: by \: the \: original$

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