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>
Answer:
The net cost of the photocopier before january 1 is <u>$1350.</u>
Step-by-step explanation:
Given:
The manufacturer offers a $125 rebate on photocopiers purchases before january 1.
Now, to find the net cost of $1,475 photocopier before january 1.
Amount of rebate before January 1 = $125.
Cost of photocopier = $1,475.
So, to get the net cost of $1475 photocopier before january 1 we subtract the rebate from it:
Therefore, the net cost of the photocopier before january 1 is $1350.
Discriminant of a Quadratic
The number D = b2 – 4ac determined from the coefficients of the equation ax2 + bx + c = 0. The discriminant reveals what type of roots the equation has.
Note: b2 – 4ac comes from the quadratic formula.

Answer:
second one
Step-by-step explanation:
