All categories

3 years ago

You purchase a car using a $20,000 loan with a 5% simple interest rate.

1 answer:

vladimir1956 [14]3 years ago

8 0

I use this formula:
Money = Loan x ( 1 + % )^month
In 4 years you have to pay 20,000x(1+5%)^48 = 208,025 dollars.
In 2 years you must pay 20,000x(1+5%)^24 = 64,501 dollars. Hence, you save $143,524.

You might be interested in

In 2009, a town's population was about 9,000 residents. In 2014, the population was about 12,500 residents. Which linear model r

NeX [460]

Answer:

Population function (Based on 2007) = 7,600 + 700n

Step-by-step explanation:

Given:

Population in 2009 = 9,000

Population in 2014 = 12,500

Computation:

Increase in population per year = [12,500 - 9,000] / 5

Increase in population per year = 700

Population in 2007 = 9,000 - [2 x 700]

Population in 2007 = 7,600

Population function (Based on 2007) = 7,600 + 700n

n = number of year

6 0

3 years ago

Read 2 more answers

Help me idk how do do this ;-;

Kobotan [32]

Answer:

idk either

Step-by-step explanation:

8 0

3 years ago

Write 2^3 ÷ √ 2 as a single power of 2.

USPshnik [31]

Answer:

Step-by-step explanation:

Numerator: 2^3

Denominator: 2^(1/2)

Combining these, we subtract 1/2 from 3, obtaining 2^(5/2)

8 0

3 years ago

A line is written in standard form Ax + By = 0, where A and B are not

cricket20 [7]

Answer:

A point that must lie on this line is the origin (0,0)

Step-by-step explanation:

we know that

The equation of the line in standard form is equal to

$Ax+By=C$

where

A is a positive integer

B and C are integer

In this problem

C=0

$Ax+By=0$

That means, that the line represent a proportional relationship between the variables x and y

Remember that in a proportional relationship the line passes through the origin

therefore

A point that must lie on this line is the origin (0,0)

5 0

3 years ago

What multiplication problem matches this addition problem?

tiny-mole [99]

6*7=42
It’s the answer I guess.

8 0

2 years ago

Read 2 more answers