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Alika [10]
4 years ago
7

Deb borrows 6,300 for one year at 9.75% how much will she pay back at the end of the loan term

Mathematics
1 answer:
Step2247 [10]4 years ago
8 0

Answer:

<u>The correct answer is that Deb will have to pay US$ 6,914.25 at the end of the loan.</u>

Step-by-step explanation:

<u>Loan in US$:</u> 6,300

<u>Term:</u> One Year

<u>Interest rate: </u>9.75% annually

1. Let's calculate how much money Deb will pay in interests for the loan:

Loan * Interest rate * Term

6,300 * 0.0975 * 1

<u>614,25</u>

<u>Deb will have to pay US$ 614,25 in interests for the loan</u>

2. Let's calculate how much money Deb will pay back at the end of the loan term

Loan in US$ + Interests in US$

6,300 + 614,25

<u>6,914,25</u>

<u>At the end of the loan Deb will have to pay $ 6,914.25</u>

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3 years ago
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3 years ago
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8 0
3 years ago
Read 2 more answers
Given the function defined in the table below, find the average rate of change, in simplest form, of the function over the inter
Inessa [10]

The average rate of change, in simplest form, of the function over the interval 2 ≤ x ≤ 10 is 9

<h3>How to find the average rate of change, in simplest form, of the function over the interval 2≤x≤10?</h3>

The interval is given as:

2 ≤ x ≤ 10

From the table of values, we have

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The average rate of change, in simplest form, of the function over the interval 2≤x≤10 is calculated as;

Rate = (f(10) - f(2))/(10 - 2)

This gives

Rate =(106 - 34)/(10 - 2)

Evaluate

Rate = 9

Hence, the average rate of change, in simplest form, of the function over the interval 2 ≤ x ≤ 10 is 9

Read more about average rate of change at

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7 0
1 year ago
Which expression is NOT equivalent to this
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Answer:

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Step-by-step explanation:

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<u>Hope this explained well :)</u>

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4 years ago
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