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Afina-wow [57]
3 years ago
8

Randy took out a subsidized student loan of $7,000 at a 3.6% APR, compounded monthly, to pay for his last semester of college. I

f he will begin paying off the loan in 10 months with monthly payments lasting for 20 years, what will be the total amount that he pays in interest on the loan?
A.) 10,128.00

B.) 9,830.40

C.) 2,830.40

D.) 3,128.00
Mathematics
1 answer:
PtichkaEL [24]3 years ago
3 0

Answer: 2830.40

Step-by-step explanation:

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Value of t? 1.4t — 0.4 (t — 3.1) = 5.8
IceJOKER [234]

Hi!

<h3>Use the distribution property</h3>

1.4t — 0.4 * t - 0.4 * —3.1 = 5.8

1.4t — 0.4t - 1.24 = 5.8

<h3>Simplify</h3>

1t - 1.24 = 5.8

<h3>Add 1.24 to both sides</h3>

1t - 1.24 + 1.24 = 5.8 + 1.24

1t = 7.04

<u>t = 7.04</u>

<h2>The answer is t = 7.04</h2>

Hope this helps! :)

-Peredhel

6 0
3 years ago
The price of a new car is $42,500 if the sales tax rate is 6% then how much sales tax is being charged?
Slav-nsk [51]

Answer:$48230 that will be your answer

Step-by-step explanation:$42,500+65=$48230

7 0
3 years ago
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Nick billups is paid a salary of $ 900 a month, a 2 % commission on all sales, and 1.8 % more on monthly sales over $ 17,500. In
Trava [24]
June :
900 + 0.02(48,500) + 0.018(48500 - 17500) = 
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July :
900 + .02(50,200) + 0.018(50200 - 17500) =
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5 0
3 years ago
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Please Help ASAP!!!
Yakvenalex [24]

Answer:

Step-by-step explanation:

Use th egemotric shape that is where 2 lines meet

4 0
4 years ago
2.2 A Train is Traveling at...
sdas [7]

Answer:

1.25 kilometers

Step-by-step explanation:

distance divided by time

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