Given:
loan amount: 25,250
original interest rate: 3.4%
new interest rate: 6.8%
term: 10 years.
Assuming that simple interest formula is used.
I = P * r * t
I = interest
P = principal
r = interest rate
t = term/time
I = 25,250 * 3.4% * 10 years
I = 8,585
I = 25,250 * 6.8% * 10 years
I = 17,170
17,170 - 8,585 = 8,585 Additional interest paid using the new interest rate.
Using an online loan repayment calculator: Here are the following data:
Loan Balance:$25,250.00
Adjusted Loan Balance:$25,250.00Loan
Interest Rate:6.80%
Loan Fees:0.00%
Loan Term:10 years
Minimum Payment:$0.00
Monthly Loan Payment:$290.58
Number of Payments:120
Cumulative Payments:$34,869.23
Total Interest Paid:$9,619.23
<span><span>Loan Balance:$25,250.00
</span><span>Adjusted Loan Balance:$25,250.00
</span><span>Loan Interest Rate:3.40%
</span><span>Loan Fees:0.00%
</span><span>Loan Term:10 years
</span><span>Minimum Payment:$0.00</span>
<span>Monthly Loan Payment:$248.51
</span><span>Number of Payments:120</span>
<span>Cumulative Payments:$29,820.59
</span><span>Total Interest Paid:<span>$4,570.59</span></span></span>
I uploaded the answer to a file hosting. Here's link:
bit.ly/3gVQKw3
16x^2=9
x^2=9/18
x=sqrt(9/16)
x=3/4,-3/4
so the root of the quadratic equation are 3/4 and -3/4
Answer:
35% discount.
Step-by-step explanation:
28.60 / 44 = 13/20
13/20 = 65/100 = 65%
28.60 is 65% of 44
100 - 65 = 35
Therefore, the discount is 35%.
Your answer would be :A
Explanation: He claims to have had 9 sales “per day” for the week. When really it was only for 2 days. That being Thursday and Tuesday! The Mode number of the sales is 9; which is only higher from most of the days.
I hope this helps. Let me know if I am wrong plz. It’s 1 in the morning for me right now. Lol Have a blessed day bud.