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algol [13]
3 years ago
12

Jameson has 4300 in credit card debt with 14% interest that he wants to pay off in 24 months. He will need to make monthly payme

nts of 206.46 each month. Calculate the total cost of repayment and the interest Jameson will pay?
Mathematics
1 answer:
lakkis [162]3 years ago
8 0

Answer:

Total cost of repayment  = 4955.04

Net interest paid = 655.04

Step-by-step explanation:

Given

Amount taken on loan = 4300

Repayment plan

Monthly installment= 206.46

Yearly installment  = 206.46 * 12 = 2477.52

Rate of interest per year = 14 %

Time Period for repaying the loan = 2 years

The total amount repaid by Jameson at the rate of 206.46 per month for next 24 months

= 206.46 *24\\= 4955.04

Net interest paid

= 4955.04 - 4300\\= 655.04

Total cost of repayment  = 4955.04

Net interest paid = 655.04

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The value of n is both 5 times as much as the value of m and 36 more than the value of m. what are the values of n and m? explai
Cloud [144]
I'm in seventh grade. I haven't learned that yet.
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Number 3 please , thanks!
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which equation is in slope intercept form and represents a line with slope 3 through the point (9,-4)?
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4 0
3 years ago
Without calculating, which has a bigger volume. A cube that has a length, width, and height of 18 m. Or a sphere with a radius o
Evgesh-ka [11]

Weird. A period appears above this... huh.

Answer:

[Th]e cube has a greater value.

Step-by-step explanation:

What the word problem really wants us to get [is ]the question of 'Which is greater, A=6a^2 when 'a' [is] 18 or A=4\pir^2 when r = 9? And here's how to solve that.

Starting with the[ c]ube we have A=6a^2. A bit t[o]o simple, right?

A=6(18)^2 Substitute numbers.

A=6(324) Solve ex[p]onents.

A=1944 Mult[i]ply.

So w[e] know that the cube is 1944 meters cube[d ] in area. But what about the more [f]ormidable sphere? Fo[r] it we need a slightly m[o]re co[m]plicated formula, A=4\pir^2. However, instead of using the real pi I will be rounding to 3.14, since we have no calculator so anything more would take way too long and fry your[ bra]in.

A=4(3.14)(9)^2 Subst[i]tute numbers.

A=4(3.14)(81) Solve expone[n]ts.

A=12.56(81) Multip[ly].

A=1017.36 Multiply again[.]

Now, since I'm sure all of us can count, we know that 1944 is greater than 1017.36. Or in other words, the cube is bigger than the sphere.

And PLEASE don't copy this guys. Make your own iteration. Change it up!

3 0
3 years ago
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