1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
You might be interested in
4. The diagram shows the path of a model rocket launched from the ground. It reaches a maximum altitude of 384 ft when it is abo
andreyandreev [35.5K]
You can think of it as y=-(x-16)^2 to give you an upside down parabola with the center point at x=16 then knowing that the parabola's center is at a point 384m above the ground you can just add that to the equation, giving you y=-(x-16)^2+384.
6 0
3 years ago
Jane Martin-Smith and her husband deposited $500 in an account on their wedding day and each subsequent anniversary. The money w
PolarNik [594]

Answer:

On their 25th anniversary, their account will have $850

Step-by-step explanation:

7% per year for 25 years is 170%

170% of 500 is 850

I hope this helps!

8 0
3 years ago
Read 2 more answers
PLEASE HELP I AHVE LIMITED TIME
Sonbull [250]

Answer:

C

Step-by-step explanation:

the smaller one is half the size

3 0
3 years ago
Read 2 more answers
Solve for z<br><br> Please help me, thank u!!!
gizmo_the_mogwai [7]

-3.6

Step-by-step explanation:

z/(-2) + -5 = -3.2 → times -2

z + 10 = 6.4

z = 6.4 - 10

z = -3.6

3 0
2 years ago
19. Find x:<br> € (17x-7)*<br> G<br> 19<br> HELP W ALL 3 !!
blsea [12.9K]

Answer:

24

(17x-7)

x = 7 + 17

x = 24

h

o

p

e

i

t

w

i

l

l

h

e

l

p

7 0
3 years ago
Other questions:
  • Convert 2,000 rupees to US dollars. whats the answer
    13·1 answer
  • Your sister turned 30 today, and she is planning to save $3,000 per year for retirement, with the first deposit to be made one y
    7·1 answer
  • Suppose there were 2,873 athletes who competed in the 2014 Winter Olympics. Of those athletes, 163 were from Switzerland. What p
    6·1 answer
  • Where is the function increasing? A) 1 &lt; x &lt; ? B) 3 &lt; x &lt; ? C) -? &lt; x &lt; 1 D) -? &lt; x &lt; 3
    6·1 answer
  • Expanded form of 200,007
    13·1 answer
  • Add/sub the polynomial <br><br> (1-8x^2+3x)+(1+6x^2+x)
    5·1 answer
  • Hi please help......​
    11·1 answer
  • Unit 3 Homework: Complete, save and submit in the Assignment Folder to receive 15 points.
    13·1 answer
  • PL can someone do it for me​
    6·1 answer
  • The graph of the function f(x) = tan x is given above for the interval x in[0,2 pi] NL Determine the one-sided limit. Then indic
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!