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Klio2033 [76]
3 years ago
13

Darnell is comparing three loan options to determine which one is best for his situation. Match each loan option with the correc

t description.
Loan Option Principal Amount Monthly Payment Loan Term
option R $14,000 $203.67 72 months
option S $15,000 $256.24 60 months
option T $16,000 $334.43 48 months
option R
option S
option T
This loan option has the lowest finance charge.
arrowRight
This loan option has the highest finance charge.
arrowRight
This loan option has neither the highest finance
charge nor the lowest monthly payment.
arrowRight
Mathematics
1 answer:
shusha [124]3 years ago
4 0

Answer:

Option T - Lowest

Option R - Highest

Option S - Neither

Explanation:

Option T $334.43 x 48 = $16,052.64 -- adding $52.64 in interest

Option R $203.67 x 72 = $14,664.24 -- adding $664.24 in interest

Option S $256.24 x 60 = $15,374.4 -- adding $374.4 in interest.

T = $52.64 (Lowest)

R = $664.24 (Highest)

S = $374.4 (Middle)

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If you invest $5,000 at 1.8 percent for 5 years, compounded quarterly, what is the amount in the
Drupady [299]

Answer: C. $5,470

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1 + r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

From the information given,

P = $5000

r = 1.8% = 1.8/100 = 0.018

n = 4 because it was compounded 3 times in a year(12/4 = 3 times)

t = 5 years

Therefore,

A = 5000(1 + 0.018/4)^4 × 5

A = 5000(1 + 0.0045)^20

A = 5000(1.0045)^20

A = $5470 to the nearest whole number

4 0
3 years ago
Tim bought some 25 cent and some 29 cent stamps. He paid 7.60 dollars for 28 stamps. How many of each type of stamp did he buy?
Citrus2011 [14]

Answer:

25 cent stamps = 13 and 29 cent stamps = 15

Step-by-step explanation:

x = 25 cent stamps and y = 29 cent stamps

x + y = 28......x = 28 - y

0.25x + 0.29y = 7.60

0.25(28 - y) + 0.29y = 7.60

7 - 0.25y + 0.29y = 7.60

-0.25y + 0.29y = 7.60 - 7

0.04y = 0.60

y = 0.60 / 0.04

y = 15 <===== 29 cent stamps

x + y = 28

x + 15 = 28

x = 28 - 15

x = 13 <===== 25 cent stamps

lets check it...

0.25x + 0.29y = 7.60

0.25(13) + 0.29(15) = 7.60

3.25 + 4.35 = 7.60

7.60 = 7.60 (correct..it checks out)

8 0
3 years ago
I accidentally fell asleep in math, I just need yes and no's please help me out!
snow_lady [41]

Answer:

No, yes, yes, yes, no, no, yes, no, yes, no, no, yes

Step-by-step explanation:

Explanation is in the comments by the way.

5 0
3 years ago
Find a function whose graph is a parabola with vertex (-3,-9) and that passes through the point (-2,-6)
Elza [17]

The function is y = 3(x+3)^2-9

The equation of a parabola is

y=a(x-h)^2+k

where (h,k) are the coordinates of the vertex and a, is a constant.

From the question, we have

(h,k)=(-3,-9)

⇒y=a(x+3)^2-9

To find a, substitute x=-2,y=-6

-6=a(-2+3)^2-9

⇒a=3

The equation, y=3(x+3)^2-9

Multiplication:

Mathematicians use multiplication to calculate the product of two or more numbers. It is a fundamental operation in mathematics that is frequently utilized in everyday life. When we need to combine groups of similar sizes, we utilize multiplication. The fundamental concept of repeatedly adding the same number is represented by the process of multiplication. The results of multiplying two or more numbers are known as the product of those numbers, and the factors that are multiplied are referred to as the factors. Repeated addition of the same number is made easier by multiplying the numbers.

To learn more about multiplication visit: brainly.com/question/5992872

#SPJ1

8 0
2 years ago
Please help me!<br> Find the value of x
Ira Lisetskai [31]

Answer:

x = 30

Step-by-step explanation:

So we're going to start by finding the other angles of the triangle which x is part of. So we know that a line adds up to 180 degrees. So we can find the angle that's close to N. If you know which one I'm talking about.

105 + 45 = 150. So then we can subtract 150 from 180

180 - 150 = 30

And for the angle at angle L, it's also 90 degrees.

So we know that the angles that add up so far are 120.

Now we'll make an equation:

2x + 120 = 180

Because all angles of a triangle add up to 180

So we subtract 120 from both sides

2x = 60

Now we divide 2 form both sides.

x = 30

So, x = 30

7 0
3 years ago
Read 2 more answers
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