Consider having a personal loan that spans 50 years. The loan was only taken out for $1000, but the interest rate was a higher fixed percentage of 5.99%. How much interest will you have paid after it is paid off?

After the loan is paid off, I would have paid $2,995 in interests.

Step-by-step explanation:

If a loan for $ 1000 has an annual interest rate of 5.99%, annually the interest generated will have a value of $ 59.90 (1000 x 5.99 / 1000).

Therefore, throughout the 50 years of the loan, said annual amount will be repeated for the number of years that the loan lasts, that is, for 50. Therefore, at the end of the loan, interest will have been paid. about $ 2995 (59.9 x 50).

-3

step-by-step explanation:

a drawing really does here:

so i draw the horizontal line y=2 and the vertical line x=-2 at this intersection i put b (this is where my right angle is going to be).   so point b is at (-2,2).   point a is 5 units long and is also on y=2 so this point has to be (3,2) or (-7,2) -doesn't matter i will go with (3,2).

now we know c is at (-2,y) we don't know the y yet bet we know that c is on x=-2.

we have the area of the triangle is .5bh=12.5

we know the base length is 5 (ab)

we have the height is (2-y) if you look at your

plug in

.5(5)(2-y)=12.5

solve for y to get the y-coordinate for c

2.5(2-y)=12.5

divide both sides by 2.5 giving:

2-y=5

now subtract 2 on both sides

-y=3

y=-3