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
arsen [322]
3 years ago
5

Alicia borrowed $15,000 to buy a car. She borrowed the money at 8% for 6 years. What is the interest she will pay for the loan ?

Mathematics
1 answer:
kykrilka [37]3 years ago
5 0
The interest rate she would pay would be is $7,200
You might be interested in
A fund earns a nominal rate of interest of 6\% compounded every two years. Calculate the amount that must be contributed now to
Nesterboy [21]

Answer:

$712.

Step-by-step explanation:

We have been given that a fund earns a nominal rate of interest of 6% compounded every two years. We are asked to find the amount that must be contributed now to have 1000 at the end of six years.

We will use compound interest formula to solve our given problem.

A=P(1+\frac{r}{n})^{nt}, where,

A = Final amount,

P = Principal amount,

r = Annual interest rate in decimal form,  

n = Number of times interest is compounded per year,

t = Time in years.

6\%=\frac{6}{100}=0.06

Since interest is compounded each two years, so number of compounding per year would be 1/2 or 0.5.

1000=P(1+\frac{0.06}{0.5})^{0.5*6}

1000=P(1+0.12)^{3}

1000=P(1.12)^{3}

1000=P*1.404928

\frac{1000}{1.404928}=\frac{P*1.404928}{1.404928}

P=711.7802478

P\approx 712

Therefore, an amount of $712 must be contributed now to have 1000 at the end of six years.

7 0
3 years ago
You sell instruments at a Caribbean music festival. You earn $326 by selling 12 sets of maracas, 6 sets of claves, and x
IrinaK [193]
326=12m+6c+x The reason your x does not have a number is because it is unknown so in order to solve for x you need to get rid of the 12m+6c so in order to that you can divide it on both sides so you would get 326/12m+6c=x the divide your numbers 18.1=x but you cant have a tenth of a djembe drum so you would have to round up to 19.
6 0
3 years ago
Read 2 more answers
The perimeter of a rectangle can be found using the formula P = 4 s .<br><br><br> True or False
Minchanka [31]

Answer:

{ \underline{ \sf{true}}}

6 0
2 years ago
Read 2 more answers
If an airplane can fly 700 miles with the wind in the same time it takes to fly 580 miles against the wind. If the plane flies 1
SVETLANKA909090 [29]
44 mph take 700 divide it by 160
4 0
3 years ago
What are the ordered pairs of the solutions for the<br> following system of equations?
Lorico [155]

Answer:

(3,1);(6,-2)

Step-by-step explanation:

I pretty much just looked at where they both intersected with each other and you'll get your answer.

3 0
3 years ago
Other questions:
  • In the diagram shown, line m is parallel to line n . Justine says that ∠3 ∠ 3 and ∠7 ∠ 7 are supplementary angles. Is she correc
    9·1 answer
  • Suppose that the weights of 5400 Labrador retrievers in the US is distributed normally with a mean of 62.5lb and a standard devi
    8·1 answer
  • Find the slope and the x-intercept and y-intercept for the line 2x 6y=12
    15·1 answer
  • 5. Find the surface area of the square pyramid.<br> 8 in.<br> 5 in<br> Pls help ASAP!
    7·2 answers
  • Round Ed to the nearthest tenth and answer now question
    6·1 answer
  • Morgan has a container holding 3.6 cups of ice cream. She splits it evenly between 8 friends. How many cups of ice
    9·2 answers
  • Q31 George hiked from the top of a hill to the valley floor. The elevation at the top of the hill is
    8·1 answer
  • Evaluate the expression. 4! • 3! <br> 12 <br> 30 <br> 144 <br> 5,040
    6·2 answers
  • This diagram of a rectangular city park was drawn using a scale of 1 centimeter to 20 meters
    8·1 answer
  • Calculate the area of this figure Round to the nearest tenth. 8ft 10ft 6ft 10ft
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!