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Stolb23 [73]
3 years ago
12

Why is the annual interest rate more important to a borrower who carries a balance than to a borrower who pays off the

Mathematics
2 answers:
Andrew [12]3 years ago
5 0

Answer:

Step-by-step explanation:

Who is paying is not as important as the interest rate. Either way, a lower rate will benefit the person who has the bill.

Goryan [66]3 years ago
4 0

Answer:

Interest to be paid will keep on reducing each month due to reduction of the principal amount.As a result the net interest outgo will be higher for a borrower who carries balance for the whole year compared to one who pays offs monthly.

Step-by-step explanation:

The interest outgo for any balance depends on 3 things:

  • Principal amount
  • Duration of the borrowing
  • Annual Interest Rate

In case of borrower who carries the balance, the annual interest is:

\[\frac{Principal\times 1 \times Rate}{100}\]

On the other hand, a borrower who pays the balance monthly,will have a reducing balance on which interest in computed each month. For example,

Month 1 : Interest is computed on entire amount P

Month 2: Interest is computed on \[Principal - \frac{Principal}{12}\]

Month 3: Interest is computed on \[Principal-\frac{2 \times Principal}{12}\]

and so on.

So the interest to be paid will keep on reducing each month due to reduction of the principal amount.

As a result the overall interest outgo at the end of the year will be less compared to the borrower who carries the balance.

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The correct answer would be $204.80 because if she keeps doubling whats in the bank the amount after the $ .20 then it would be doubled to $ .40 and so on
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3 years ago
Sketch the graph of 5x+7y=35, include the intercepts
zhenek [66]

Slope intercept form: y= −5 7 x+5

The graphing points would be (0,5)(7,0)

7 0
2 years ago
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Will mark Brainliest!! :)
Georgia [21]

Step-by-step explanation:

The system of equations for eq 1 which is 3x + y = 118 represents the Green High School which filled three buses(with a specific number of students identified as x) and a van(with a specific number of students identified as y) with a total of 118 students.

for eq 2; 4x + 2y = 164; represents Belle High School which filled four buses(with a specific number of students identified as x) and two vans(with a specific number of students identified as y) with a total of 164 students.

The solution represents the specific number of students in the buses and vans in eq1 and eq 2 with x being 36 students and y being 10 students.

substituting 36 for x and 10 for y in eq 1;

3(36) + 10 = 108 + 10 = 118 total students for Green High School

substituting 36 for x and 10 for y in eq2;

4(36) + 2(10) = 144 + 20 = 164 total students for Belle High school

6 0
2 years ago
Question in picture<br><br>A) 16/63<br><br>B)-16/63<br><br>C) 63/16<br><br>D) -63/16
Orlov [11]
ANSWER
\tan(x + y) =  -  \frac{63}{16}


EXPLANATION


We were given that,

\csc(x)  =  \frac{5}{3}

This implies that,

\sin(x)  =  \frac{3}{5}

We use the Pythagorean identity

\sin^{2} (x)  +  \cos^{2} (x)= 1
to get,


\cos(x)  =  \sqrt{1 - ( { \frac{3}{5} })^{2}}  =  \frac{4}{5}


We were also given that,


\cos(y)  =  \frac{5}{13}

This means that,


\sin(y)  =  \sqrt{1 -  {( \frac{5}{13}) }^{2} }  =  \frac{12}{13}

This is because,


0 <  \: x \:  <  \frac{\pi}{2}


0 <  \: y \:  <  \frac{\pi}{2}

This angles are in the first quadrant so we pick the positive values.

\tan(x + y)  =  \frac{ \sin(x + y) }{ \cos(x + y) }


\tan(x + y)  =  \frac{ \sin(x ) \cos(y)   +  \sin(y)  \cos(x) }{ \cos(x) \cos(y)  -  \sin(x)  \sin(y) }



\tan(x + y)  =  \frac{  \frac{3}{5}   \times  \frac{5}{13}  +   \frac{12}{13}   \times  \frac{4}{5}  }{  \frac{4}{5}  \times  \frac{5}{13}   -   \frac{3}{5}  \times  \frac{12}{13}  }



\tan(x + y) =  -  \frac{63}{16}

The correct answer is D
4 0
3 years ago
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lord [1]

Answer:

-5786

Step-by-step explanation:

3 + -5789=3 - 5789

=-5786

5 0
3 years ago
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