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Soloha48 [4]
3 years ago
13

You borrow $30,000 at 9.5% simple interest for 120 days. the terms of the loan use a 365 day year. 1)how much interest will you

owe on the maturity date? 2)if you pay the loan off early on day 85, how much interest will you owe? 3) a)you make a $10,000 payment on day 30. find the new balance after making the payment. b)you pay the balance off on day 85.find the final payment.(10 points
Mathematics
1 answer:
Harrizon [31]3 years ago
8 0
1) The applicable formula is
  I = Prt
  I = $30,000×0.095×(120/365)
  I ≈ $936.99

2) The same formula applies.
  I = $30,000×0.095×(85/365)
  I ≈ $663.70

3a) The interest due on day 30 is
  I = $30,000×0.095×(30/365) ≈ $234.25
so the new balance is $30,000 - $10,000 + $234.25 = 20,234.25

3b) The amount due on day 85 is
  A = P(1 + rt) = $20,234.25·(1 + 0.095·((85-30)/365))
  A = $20,523.90
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Katherine buys a tv with a normal price of $200 and she has a 25% off coupon. How much money did she save????
andrey2020 [161]

Given:

Normal price of a tv = $200

Coupon = 25% off

To find:

The money saved by Katherine.

Solution:

Katherine buys a tv with a normal price of $200 and she has a 25% off coupon. It means, the money saved by Katherine is 25% of normal price of tv, i.e., $200.

Saving=25\%\text{ of }200

Saving=\dfrac{25}{100}\times 200

Saving=25\times 2

Saving=50

Therefore, the money saved by Katherine is $50.

6 0
3 years ago
Draw a line from each figure to an area
Georgia [21]

Answer:

A=27 cm^2

B=24 cm^2

C=26 cm^2

D=28 cm^2

Step-by-step explanation:

Break each problem down into individual shapes.

For instance, A can be split into a 3 by 3 square and a 6 by 3 square.

      Get the area by multiplying the length & height: A = L * H

For the triangles the area is the same equation divided by 2 A=LH/2

Shapes with unclear dimensions like C can be skipped and have their area revealed through process of elimination.

3 0
3 years ago
a taxi service charges an initial fee of $5 plus $1.80 per mile. How many miles can you travel for $12
user100 [1]
First you need to write an equation or an inequality.

5+1.80x<=12 
the x here is how many miles you are paying for, now you just solve for x. 

5+1.80x<=12
-5                 -5

1.80x<=7
/1.80         /1.80
x<=3.8

you can travel only three whole miles, you do not have enough money to go four full miles.
4 0
3 years ago
- 5x - 5 = 3x + 19 what would X be?
Tanzania [10]

-5x - 5 = 3x + 19

---Move the x's to one side

-5x - 3x - 5 = 3x - 3x + 19

-8x - 5 = 19

---Isolate the -8x by removing the -5 from the left side

-8x - 5 + 5 = 19 + 5

-8x = 24

---Divide both sides by -8 to get x by itself

x = -3

Hope this helps!

5 0
2 years ago
Read 2 more answers
Marta and Kim are sisters. Five years ago Kim's age was twice as great as martas age. If Marta is no m years old, what expressio
Hitman42 [59]

Answer:

y = 2m-5

Kim's age now is y = 2m-5

Step-by-step explanation:

Let m represent martas age now and y represent Kim's age now

Given;

Five years ago Kim's age was twice as great as martas age.

(y-5) = 2(m-5)

Solving for y;

y-5 = 2m-10

y = 2m-10+5

y = 2m-5

Kim's age now is y = 2m-5

5 0
3 years ago
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