1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kupik [55]
3 years ago
15

Delia made 10 payments of $108.50 to the credit union on a loan of $1000. How much interest did she pay? What was the simple int

erest rate charged by the credit union?
Mathematics
1 answer:
Vlada [557]3 years ago
4 0

Answer:

-Delia paid $85 in interest.

-The simple interest rate charged by the credit union is 0.85%.

Step-by-step explanation:

To find the interest she paid, first you have to determine the total payment she made and subtract the principal from that amount:

$108.50*10=$1,085

$1,085-$1,000=$85

According to this, Delia paid $85 in interest.

Now, you have to use the following formula to find the simple interest rate charged by the credit union:

r=(1/t)*(A/P-1), where:

r=rate of interest

t=time period=10

A=accrued amount=1,085

P=principal amount=1,000

r=(1/10)*(1,085/1,000-1)

r=0.1*0.085

r=0.0085→0.85%

According to this, the simple interest rate charged by the credit union is 0.85%.

You might be interested in
A right triangle has side 10 and hypotenuse 26. Use the Pythagorean Theorem
alekssr [168]

Answer:

24

Step-by-step explanation:

The Pythagorean Theorem states that a^{2} +b^{2} =c^{2} where a and b are the legs in a right triangle and c is the hypotenuse. Therefore, just substitute the values a = 10 and c = 26 into the equation to get b = 24

Hope this helps :)

3 0
2 years ago
The median of the values in a data set is y. If 48 were subtracted from each
3241004551 [841]

Answer:

Answer would be D.

8 0
2 years ago
The graph of a function is given. Determine whether the function is increasing, decreasing, or constant on the given interval. (
Alika [10]

Answer: Constant

Step-by-step explanation:

5 0
3 years ago
Use this diagram to find the required measures. 1 = 30°, 2 = 30°, 3 =
crimeas [40]

Answer:

if thisa is a triangle then 180-30+30 = 120 degree and we say all angles on a triangle add up to 180

Then reaply the rule changing 180 to 360 on all 4 sided shapes

180(n-2) to all other shapes.

ie) pentagon 180(n-2) = 540

continue with 540-30-30 = 480 etc....

Step-by-step explanation:

7 0
2 years ago
Use a trigonometric ratio to find the value of x. Round your answer to the nearest<br> tenth.
belka [17]

Answer:

x=63.256%   63.3-rounded to the nearest tenth.

Step-by-step explanation:

8 0
3 years ago
Other questions:
  • The united states has 12,383 miles of coastline. If 0.8% of the coastline is located in Georgia, about how many miles of coastli
    6·2 answers
  • Calculate straight time for 30 hours worked at $10.15 per hour
    5·2 answers
  • Which expression is equivalent to 3/2•3/2•3/2•3/2?
    10·1 answer
  • The square of a number consists of digits 0, 2, 3, 5. Find the number.
    15·2 answers
  • What is the answer to by+2 over 3=c? NEED HELP QUICK!!
    12·1 answer
  • on Monday, Mr. James used 25 2/3 ft of material to make placemats. if each placemat required 3 1/4 ft. of material, how many pla
    15·1 answer
  • Juan spent $7.00 of the $20.00 in his wallet. Which decimal represents the fraction of the $20.00 Juan spend?
    13·2 answers
  • Can someone help me with my homeworkk
    14·1 answer
  • Rename 4/5 and 5/7 using the least common denominator
    9·2 answers
  • PLEASE HELP NEED HELP ASAP!!!!!!
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!