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oksian1 [2.3K]
4 years ago
7

Alyssa wants to buy a new car and is planning to take out a loan to pay for the car.

Mathematics
1 answer:
g100num [7]4 years ago
4 0

Answer: the amount of interest that Alyssa will pay on her loan is $1320

Step-by-step explanation:

The formula for determining simple interest is expressed as

I = PRT/100

Where

I represents interest paid on the loan.

P represents the principal or amount taken as loan

R represents interest rate

T represents the duration of the loan in years.

From the information given,

P = $22000

R = 4.5%

T = 4 years

Therefore,

I = (22000 × 1.5 × 4)/ 100

I = 132000/100 = $1320

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3 years ago
At the start of the diet keirin weighted 14 stone 13 pounds three months later he weighted 13 stone 10 pounds there are 14 pound
WINSTONCH [101]

Answer:

The amount of weight he has lost in 3 months is 1.215 stone or 1 stone 3 pounds

Step-by-step explanation:

From the above question, we are to calculate the amount of weight he has lost in three months

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Let's convert all the weight lost to stone

At the start of the diet keirin weighted 14 stone 13 pounds

14 pounds = 1 stone

13 pounds = x

Cross Multiply

14x = 13

x = 13/14

x = 0.9285714286 stone

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Three months later he weighted 13 stone 10 pounds

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Cross Multiply

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The amount of weight he has lost is calculated as:

14.929 stone - 13.714 stone = 1.215 stone or 1 stone 3 pounds

5 0
3 years ago
Solve the problem. Find the amount of money in an account after 12 years if $4700 is deposited at 5% annual interest compounded
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Step-by-step explanation:

The formula for calculating investments with compound interests is as follows:

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n is the number of years,

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Replacing in the formula with the given values you have:

(1+\frac{0.05}{4})^{4*12}*4700 = 8532.1678

3 0
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Step-by-step explanation:

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