Acollege student takes out a $7,500 loan from a bank. what will the balance of the loan be after one year. if the bank charges 3.8% interest each year

The balance of the loan be after one year will be $7785

Step-by-step explanation:

we are given

A college student takes out a $7,500 loan from a bank

so, P=7500

time is 1 year

so, t=1

the bank charges 3.8% interest each year

so, r=3.8%

r=0.038

now, we can use formula

where

A is amount after t years

so, we can plug values

So,

The balance of the loan be after one year will be $7785

6,250

step-by-step explanation:

to get the area, multiply 360 by 160.(57,600)

to find out how many bags of fertilizer it will take, first figure out how many square feet one bag can hold. divide 1000 by 8(125) to get the unit rate(how many square feet one pound of fertilizer can hold)and multiply it by 50(6250). if i haven't made a mistake, that is the answer.