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avanturin [10]
1 year ago
13

John goes to the bank to get a $15,000 loan.The loan has a simple interest rate of 6% and is 4 years long.What is the TOTAL amou

nt John has to pay?
Mathematics
1 answer:
lubasha [3.4K]1 year ago
3 0

The total amount John has to pay in repaying the loan and interest is $18,600

What makes up the total amount John has to pay?

The total amount that John has to pay comprises of the loan principal of $15,000 and the interest on the loan which is computed at the  simple interest rate of 6% for the loan duration of 4 years

I=PRT

I=interest for 4 years=unknown

P=loan principal=$15,000

R=interest rate=6%

T=number of years of loan=4

I=$15,000*6%*4

I=$3,600

A=P+I

A=$15,000+$3,600

A=$18,600

Find out more about simple interest on:brainly.com/question/22325489

#SPJ1

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Brian pays £465.98 a year on his car insurance. The insurance company reduces the price by 3.6%.How much does the insurance cost
inysia [295]

Answer:

The correct answer is £449.20 rounded upto 2 DP.

Step-by-step explanation:

Brian pays £465.98 a year on his car insurance.

The insurance company reduces the price by 3.6%.

The amount reduced by the insurance company is 3.6% of 465.98 = £16.77528.

Price the insurance company charges now is given by subtracting the previous cost with the reduction amount.

Thus the insurance cost now = £ (465.98 - 16.77528) = £449.20472 ≈ £449.20.

Thus the reduced insurance cost Brian has to pay now is £449.20 rounded to 2DP.

7 0
3 years ago
Read 2 more answers
The larger number is 18 more than twice the smaller. If the sum of the two numbers is 93, find both numbers
Ganezh [65]

Answer:

larger number=18+(2x)

smaller number=x

(18+2x)+x=93

18 +3x=93

3x=93-18

3x=75

x=25

18+2(25)

18+50

68

larger number =68

smaller number=25

6 0
3 years ago
After a 16% increase the price of a pair of running shoes was $40.60. What was the old price of the shoes
Delvig [45]

Answer:

34.10

Step-by-step explanation:

Note:

16% = .16

Important:

What was the <u>old price</u> of the shoes

Solution:

40.60 x .16 = 6.946 [Round:6.50]

40.60-6.50= 34.10

Hence, the old price of the shoes is $34.10

5 0
2 years ago
What effect does cutting the radius of a cone in half have on the cone's volume?
d1i1m1o1n [39]
It cuts the volume in half
5 0
3 years ago
Which of the following verifies that AABC is similar to A DEF?
emmainna [20.7K]

Answer:

D

Step-by-step explanation:

According to the SAS theorem, if the 2 sides of the 2 triangles are multiples of each other by the same scale factor, with the angle in between them being the same for each triangle. The triangles are similar.

The SSS theorem is not appropriate here because we do not know the side lengths of AB or DE in the diagram. For SSS theorem we need to know all of the side lengths.

A is incorrect because the similarity can be determined.

6 0
3 years ago
Read 2 more answers
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