Darnelle has a $10,000, three-year loan with an APR of 5%. She uses the table on page 159 to compute information on the loan,
a. What is her monthly payment?
b. What is the total of all her monthly payments?
c. What is the total finance charge?
HELP

Answers

Answer 1

Her monthly payment would be $180.56, the total of all her monthly payments would be $13,000 and the total finance charge is $3000.

What is the expression of simple interest?

The expression for the final amount for simple interest is

A = p(1+rt)

Given data

Principal = $10,000

Rate= 5 %= 0.05

Time = 6years (Assume)

A = p(1+rt)

A = 10,000(1+0.05×6)

A = 10,000(1+0.30)

A = 10,000(1.30)

A = 13,000

So the final amount for simple interest is $13,000

To determine her monthly payment

Given that it is spread over 6 years

There are 12×6 months= 72months

So monthly pay = 10000/72 = $180.56

The total of all her monthly payments would be $13,000 which is equal to the final amount.

The finance charge is equal to the interest.

⇒ $13,000 - $10,000 = $3000

So the finance charge would be $3000.

Therefore, her monthly payment would be $180.56, the total of all her monthly payments would be $13,000 and the total finance charge is $3000.

Learn more about the simple interest here:

brainly.com/question/22621039

#SPJ5


Related Questions

How much simple interest would Kaitlin earn on $300 at 6% for 3 months?

A. 27

B. 9

C. 54

D. 18

Answers

Answer:

C) $54.00

Step-by-step explanation:

300*6%*3

300*0.06*3

which is $54.

Hope this helps plz hit the crown :D

The correct answer is C

Three less than half of a number is - 1. Find the number.

Answers

Answer:

x = 4

Step-by-step explanation:

Three less than half of a number is -1

The Half Of A Number means the number can be anything, so we can use "x." However, it is half so it would become: 1/2x.

Three less than means it is minus three, therefore becomes: 1/2x-3

However, three less than half of a number is (or in other words is equal too) -1,  so the overall equation is

1/2x - 3 = -1

first, add three on both sides to get:

      1/2x = 2

multiply two on both sides to get:

     x = 4

45% of a number is 180

Answers

Step-by-step explanation:

45% of number = 180

=> 100% of number = 180 * (100/45) = 400.

Hence the number is 400.

which of the following represents the equation with a slope of 3 and a y-intercept of 2?

Answers

Answer:

c is the correct answer

Step-by-step explanation:

he;ppppppppppppppppppppppppppppppppppppppppppppppppppppp

Answers

Answer:

y = 64

Step-by-step explanation:

The angles are supplementary, that is sum to 180° , thus

2(x + 6) + y = 180 ← substitute x = 52

2(52 + 6) + y = 180

2(58) + y = 180

116 + y = 180 ( subtract 116 from both sides )

y = 64

Select the expressions that are equivalent to 34

Answers

Answer:

81 9^2

Step-by-step explanation:

3•3= 9

3•3=9

9•9=81

and 9•9=81

HELP IM IN CLASS DOING IT RIGHT NOW The absolute value of any number is always positive. True False

Answers

Answer:

True

Step-by-step explanation:

Answer:

[tex] \huge\purple{TRUE}[/tex]

Step-by-step explanation:

The absolute value of any number is always positive.

Can someone help me with these 2 questions real quick?

Answers

Answer:

<M = 32 and <Y = 103

Step-by-step explanation:

1. Since triangle BCM is congruent to triangle ZYR, we know the corresponding parts of the triangles are congruent. Therefore, <Z = <B = 45. The sum of a triangle’s angles is 180, so <M = 180 - <B - <C = 180 - 45 - 103 = 32

2. This is the exact same diagram, so we can use the information we have collected in #1. Since corresponding parts of congruent triangles are congruent, <Y must be congruent to <C, which equals 103. Therefore, <Y = 103.

I hope this helps! :)

1 should be 45 degrees
2 should be 103 degrees

mark me brainliest if the answer is correct, thank you in advance :)

Aden started with 6 cups of water. Throughout the day he drank the following amounts: 1 1/3 cups, 1 1/2 cups, 1 2/3 cups, and 3/4 cup. How many cups of water are left?
A. 2/3
B. 3/4
C. 1 1/3
D. 1/4

Answers

Answer:

B. 3/4 cup of water

Step-by-step explanation:

1 1/3 + 1 1/2 + 1 2/3 + 3/4 = 5 1/4

6 - 5 1/4 = 3/4

Answer: B or 3/4

Step-by-step explanation:

ok first add all the amounts he drank together

1 1/3 + 1 1/2 + 1 2/3 + 3/4

because the denominators are all different, you have to change them to a common denominator, which is 12. i've also changed them to improper fractions.

1 1/3 = 4/3 = 16/12    1 1/2 = 3/2= 18/12    1 2/3 = 5/3= 20/12   3/4 = 9/12

now add them all together

16/12 + 18/12 + 20/12 + 9/12 = 63/12

now convert the original 6 cups to an improper fraction with the denominator of 12

6 = 72/12

now subtract 63/12 (the amount he drank) from 72/12 (the amount he started with)

72/12 - 63/12 = 9/12

9/12 is able to be simplified to 3/4

so the correct answer is B, or 3/4

Santiago starts a savings account with $20. Each month he deposits $15 more into the account. Santiago wants to save a least $80. Write an inequality that represents this situation.

Answers

Answer:

$20 + $15m ≥ $80

Step-by-step explanation:

He starts off with $20.

He adds $15 each month, so $15m.

He wants to save at least $80, which means greater than or equal to $80. So, you use this symbol: ≥

Put it all together.

$20 + $15m ≥ $80

Hope that helps.

Prove that x+1 is a factor of x^n+1 where n is an odd positive integer.​

Answers

Answer:

because x^n+1 =

the number which is n and n is an odd number and my odd number is 3 so

x^3+1= 4

= x^4

thx for helping me get smart and learing my math ava :D

Answers

Answer:

NICEE

Step-by-step explanation:

1 1/2 x 4 1/4 = ?
PLZ ANSWER QUICKLY

Answers

451/8=56.38 is what i got

what is this answer!!!!!!!!

Answers

Step-by-step explanation:

what is this answer

(3x + 40) + (5x - 52) = 180°

8x - 12 = 180°

8x = 180 + 12

8x = 192

8x = 24

x = 3

X=3 ......
Hope it helps

28/x+4=11 Please help soon

Answers

Answer:

how soon tho

Step-by-step explanation:x= 4

0 = 4 + n/5 two step equations​

Answers

Answer: n= -20?

Step-by-step:

Simplify both sides of the equation

1/5n+4=0

Then subtract 4 from both sides

1/5n + 4 - 4 = 0 - 4

1/5n= -4

Then multiply both sides by 5

5*(1/5n)=5*(-4)

Answer:

0=n

Step-by-step explanation:

1. 0=4+n/5

add 4 and n

2. 0=4n/5

×5. ×5

3. 0=4n

-- --

4 4

4. 0=n

Look at the picture for a more detailed steps

On a map, the scale is ½ inch to 300 miles. If the trip from Corpus Christi to El Paso is 600 miles, how far apart will those cities appear on the map (in inches)?

Answers

Answer:

Step-by-step explanation:

How many miles from El Paso to Corpus Christi?

The total driving distance from El Paso, TX to Corpus Christi, TX is 699 miles or 1 125 kilometers.

Answer:

1 inch

Step-by-step explanation:

1/2 inch = 0.5 inch

0.5/300 = n/600

0.5 * 600 = n * 300

300 = 300n

1 = n or n = 1

MY NOTES ASK YOUR TEACHER Jack has decided to advertise the sale of his car by placing flyers in the student union and the dining hall of the college. He estimates that there is a probability of 0.4 that a potential buyer will read the advertisement and that, if it is read, the probability that the reader will buy his car will be 0.1. Using these estimates, find the probability that a potential buyer will read the ad and will buy Jack's car.

Answers

Answer:

The probability that a potential buyer will read the advert and will buy Jack's car is 0.04

Step-by-step explanation:

Estimate 1:  There's a 0.4 probability that a potential buyer will read the advert.

Estimate 2:  There's a 0.1 probability that whoever reads the advert will buy his car.

- As you can see, the probability of success of this event decreases; from the point of Jack placing an advert, to the point of someone purchasing his car.

- That someone reads the advert does not mean that he or she would be interested in or capable of purchasing the car.

- That someone has the capacity to buy the car (potential buyer) does not mean they'll eventually buy it.

- So altogether, there is a low probability of each reader purchasing the car, and that's 0.1

In the calculation of probability, "and" represents multiplication. Hence,

0.4 × 0.1  = 0.04

21. Transportation A youth group with 26 members is going skiing. Each of the five
chaperones will drive a van or sedan. The vans can seat seven people, and the
sedans can seat five people. Assuming there are no empty seats, how many of each
type of vehicle could transport all 31 people to the ski area in one trip?

Answers

Answers:

2 sedans and 3 vans

=====================================================

Work Shown:

s = number of sedans

v = number of vans

1 sedan = 5 seats

s sedans = 5s seats

1 van = 7 seats

v vans = 7v seats

5s+7v = all seats

5s+7v = 31

Let's go through all the values of s to see which values of v work.

If s = 0, then the equation turns into 7v = 31, but the solution for v isn't an integer.If s = 1, then the equation turns into 5+7v = 31 and that solves to v = 26/7 = 3.71 which also isn't an integerIf s = 2, then the equation becomes 10+7v = 31 and that solves to v = 3. So we found the answer. This means we need 2 sedans and 3 vans.

As a check:

2 sedans = 5*2 = 10 seats

3 vans = 7*3 = 21 seats

10+21 = 31 seats total

This confirms the answer.

The number of vans used is three and the number of sedans is two

Let :

v represent the number of vans

s represent the number of sedans

The following equations can be gotten

7v + 5s = 31 equation 1

v + s = 5 equation 2

The elimination method would be used to solve for v and s

Multiply equation 2 by 7

7v + 7s = 35 equation 3

Subtract equation 1 from 3

2s = 4

s = 4/2

s = 2

Substitute for s in equation 2

v + 2 = 5

v = 5 - 2

v = 3

To learn more about simultaneous equations, please check: brainly.com/question/23589883?referrer=searchResults

Lydia receives a $2,000 gift and wants to open a savings account. Which bank interest would be the best for her if the current inflation rate is 3.5%?

Answers

Answer:

the best interest rate would be a minimum of 3.5% annual interest

Step-by-step explanation:

An inflation rate of 3.5% would mean that the buying power of Lydia's money would decrease by 3.5% every single year. Therefore, the best interest rate would be a minimum of 3.5% annual interest. That way she would at least maintain the same buying power with her money as the day that she first placed it in the account. Any interest rate higher than 3.5% would be even better as Lydia will begin to make a profit from her savings.

What is the solution for this inequality?

need help fast please!​

Answers

Answer:

[tex]x\geq -4[/tex]

Step-by-step explanation:

[tex]-10x\leq 40[/tex]

divide by -10, which means you need to flip the inequality sign since youre dividing by a negative number

[tex]x\geq -4[/tex]

Answer:

The anwer is D

Step-by-step explanation:

up up up......

Which shows the use of the associative and commutative properties to make simplifying 3.2 + 20 – 3+ 4.8 + 19 easier?​

Answers

Answer:

B

Step-by-step explanation:

(3.2+4.8)+[20+19+(-4)]

8. +. 47. -4

=43

Perform the following operation
and express the answer in
scientific notation.
6.300x10^-5 – 7.200x10^-3

[?]*10

Answers

Answer:

Step-by-step explanation:

6.3 x10^-5 -7.200 x10^-3= - 0.007137=7.137x10-3

Answer:-7.137 x 10^-3

Step-by-step explanation:

The mean running time of a certain variety of nickel-cadmium rechargeable flashlight battery is known to be normally distributed with a mean of 8.5. A change in production method for this battery has been proposed, and a simple random sample of 64 batteries produced by the new method has mean running time of 8.72 hours. Assume the population is normally distributed with a standard deviation of 0.55 hour as known and remains unchanged, test a claim that the new production method improving the battery mean running time using 0.05 significance level.

Answers

Answer:

answer is a

Step-by-step explanation:

Find 83 1/3 % of 384

Answers

Answer:

319.872

Step-by-step explanation:

319.872 / 384 = 83 1/3 / 100

Final Answer: [tex]320[/tex]

Steps/Reasons/Explanation:

Question: Find [tex]83\frac{1}{3}[/tex]% of [tex]384[/tex].

Step 1: Convert mixed fraction into improper fraction.

[tex]\frac{250}{3}[/tex]

Step 2: Multiply [tex]\frac{250}{3 * 100}[/tex] with [tex]384[/tex].

[tex]\frac{96000}{300}[/tex]

Step 3: Simplify

[tex]320[/tex]

~I hope I helped you :)~

Estabon poured himself a hot beverage that had a temperature of 201 F then set it on the kitchen table to cool. The temperature of the kitchen was a constant 68F. If the drink cooled to 181F IN 4 minutes, how long will it take for the drink to cool to 104F?

Answers

Answer:

Fifteen minutes and twenty-four seconds.

Step-by-step explanation:

In four minutes, Estabon's drink cooled down 20 degrees (201 - 181 = 20). This means that the drink cooled down five degrees a minute. The drink must cool down 77 more degrees, (181 - 104 = 77). 77 divided by 5 is 15.4. 15.4 translated to seconds is 15 minutes and 24 seconds.

Which of the
the
following fractions is the largest
11/16 , 3/5 , 7/10 , 13/18

Answers

Answer:

11/16, 3/5, 7/10

Step-by-step explanation:

At a sale, dresses were sold for $22 each. This price was 55% of a dress's original price. How much did a dress originally cost? Answer: Submit Answer attempt 1 out o Privacy Policy Terms of Service acer​

Answers

Answer:

$9.90

Step-by-step explanation:

Find the cost of tiling a rectangular plot of land 300 m long and 150 m wide at the rate of $6 per square m.

Answers

Answer:

$270,000

Step-by-step explanation:

First, find the area of the plot using the formula A = lw

A = lw

A = (300)(150)

A = 45,000

Then, multiply this by 6 to find the total cost:

45,000(6)

= 270,000

So, the cost to tile the plot is $270,000

Answer:

2700

Step-by-step explanation:

Length= 300m

width= 150 m

Area = Lx W = 300 x 150= 4500 sq m

rate per 100 sq meter= 6

so total cost = 4500/ 100 x 6

= 2700

hope it helps!

Write the following ratio in simplest form 8 to 12

Answers

Answer:

2/3 or 2 to 3

Step-by-step explanation:

Good luck!

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