I’m not sure if it’s correct but I think you have to find the slope in order to get your answer
Answer:
10.60305932
Step-by-step explanation:
Answer:
0,12
Step-by-step explanation:
0,12
Answer:
Interest Rate on 2-Year Loan...$435.6
Interest Rate on 5-Year Loan...$1,452
Step-by-step explanation:
The formula for calculating simple interest is as follows.
I = P x R x T,
where I = interest
P= Principal
R= interest rate
T= time
For the loan at 4.5 percent for 2 years, the interest will be
= $4,840 x 4.5/100 x 2
= $4,840 x 0.045 x 2
= $435.6
Total cost of the loan will principal plus interest
=$435.6 + $4,840
=$5,275.6
Monthly loan cost
= $5,275.6/24
=$219.81
Total loan cost..$5,275.6
Monthly loan cost ...$219.81
For the Loan at 6 percent for 5 years, the interest will be
= $4,840 x 6/100 x 5
= $4,840 x 0.06 x 5
=$1,452
Total cost of the loan will be principal plus interest
=$ 4,840 + $1,45
=$6,292
Monthly costs will be
=$6,292/60
=$104.87
Total loan cost... $6,292
Monthly loan costs... $104.87
Answer:
c
Step-by-step explanation:
increase in 15% therefore 1.15% of principal amount
$27355 times 1.15= $31458.25
$31458.25 times 1.15=$36,176.8975
$36,176.8975 times 1.15= $41603.53563
round all answers to the nearest dollar and you get
$31, 458, $36, 177, $41,604
so answer c