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
fenix001 [56]
3 years ago
13

Alisha has a $15,000 car loan with a 6 percent interest rate that is compounded annually. How much will she have paid at the end

of the five-year loan term?
total amount = P (1 + i)t



$19,500.25



$15,900.50



$20,073.50
Mathematics
2 answers:
svet-max [94.6K]3 years ago
6 0

Answer:

Option 3 - $20,073.50

Step-by-step explanation:

Given : Alisha has a $15,000 car loan with a 6 percent interest rate that is compounded annually.

To find : How much will she have paid at the end of the five-year loan term?

Solution :

The formula used to find the amount is A=P(1+i)^t

Where, P is the principal P=$15000

r is the rate r=6%

i = 0.06

t is the time t=5 year

Substitute the value in the formula,

A=15000(1+0.06)^5

A=15000(1.06)^5

A=15000(1.338)

A=20073.38

Therefore, The total amount she paid is $20073.38.

So, Option 3 is correct.

jolli1 [7]3 years ago
3 0
It is $15,900.50 because it says 15,000 car loan with a 6 percent rate.
You might be interested in
Find the volume of a pyramid with a square base, where the side length of the base is
nalin [4]
1689.32 hope this helps
6 0
3 years ago
Read 2 more answers
You eat at several Asian restaurants and decide that Asian food is too salty. What type of reasoning is this?
MatroZZZ [7]
The answer for you would be inductive because you have conclusions on that every Asian restaurant is salty
8 0
3 years ago
Select Yes or No to indicate whether each value of x is a solution to the given equation.
AlexFokin [52]

Answer:

x = -2 YES

x = 1 NO

x = 2 YES

Step-by-step explanation:

Hope this helps <3

5 0
3 years ago
Is 3 times 2/7 less than 3
kenny6666 [7]

Answer:

Yes

Step-by-step explanation:

You can set up your proportion as \frac{3}{1} * \frac{2}{7} you then multiply across to get \frac{6}{7}. Since this number is less than 1, it's definitely less than 3.

3 0
3 years ago
The scale of this map is 1 inch = 50 miles. How many miles is it between Milwaukee and Mackinac Bridge? Assume the distance betw
blsea [12.9K]

Answer:

200 miles

Explanation:

Here map to actual to scale: 1 inch = 50 miles

  • On map distance: 4 inches

To find actual distance, simply multiply map distance by scale factor

Actual Distance : 4 × 50 = 200 miles

6 0
2 years ago
Other questions:
  • 1.)Choose the following
    15·1 answer
  • Simplify the expression, only odds 9-17
    7·1 answer
  • the Jelly Junior High School color is made by mixing red paint with yellow paint . the ratio of red to yellow is 3 to 5 . how mu
    5·1 answer
  • Which graph represents the solution set for -4(1-x)&lt;_-12 +2
    5·1 answer
  • You just bought a dog, so you want to install a fence around your yard. The yard is rectangular and is 35.8 feet wide by 55.2 fe
    13·1 answer
  • What equation is represented by the equation on the graph ?
    15·1 answer
  • Which type of validity applies to research results based on subjective qualities?
    13·2 answers
  • The attendance at the last Swoopes High basketball game was only 53 people. The school’s goal is to have at least 2 ½ times as m
    7·1 answer
  • Which of the following is not a congruence theorem or postulate A. ASA B. SSS C. SAS D. AAA
    14·1 answer
  • How would you find the two triangles are similar?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!