-1 1/2 _ -1 3/4 which one is greater or less, or equal?
2 answers:
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Option C
Monthly loan payment is $ 93.33
<em><u>Solution:</u></em>
From given question,
Cost of sailboat = $ 3000
Down payment = $ 1000
<em><u>Hence net principal is given as:</u></em>
net principal = p = $ 3000 - $ 1000 = $ 2000
p = $ 2000
The bank approved a simple interest flat rate loan for 2 years at 6% APR
Hence number of years = 2 years
Rate of interest = 6 %
<em><u>Let us first calculate the simple interest</u></em>
The formula for simple interest is given as:
Substituting the given values,
Thus simple interest = $ 240
Total amount payable = principal + simple interest
Total amount payable = $ 2000 + $ 240
Total amount payable = $ 2240
<em><u>How much are the monthly loan payments?</u></em>
Here number of years = 2 years
To calculate the monthly payment divide the total amount payable by 24 (since 2 year = 24 months )
Thus monthly loan payment is $ 93.33 Option C is correct
Answer:
23 m and 15 m
Step-by-step explanation:
THE BASE OF A RECTANGLE IS 8 M GREATER THAN THE HEIGHT, THE AREA MEASURES 65 SQUARE METERS HOW MUCH DO THE BASE AND HEIGHT MEASURE?
Let the height of the rectangle is h.
Base = 8+h
Area of the rectangle, A = 65 m²
We need to find the base and height of the rectangle. The area of a rectangle is given by :
A = bh
So,
Neglecting negative value, h = 15 m
Base = 8+15 = 23 m
So, the base and height of the rectangle is 23 m and 15 m respectively.