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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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LUCKY_DIMON [66]

The length of the repel line using one of the 3 trigonometry ratios will be 186.78 feet.

<h3>How to calculate the length?</h3>

From the information given, Peyton is walking her dog, Willow, on a local trail and the dog falls 153 feet down a ravine.

The length will be calculated thus:

Cos 35° = 153/AC.

AC = 153/cos 35°

AC = 153/0.819

AC = 186.78 feet.

Therefore, the length is 186.78 feet.

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brainly.com/question/2217700

6 0
2 years ago
Nola purchased 2.5 pounds of cheese for $10.50. Her mother purchased 3 pounds of the same cheese for $12.60. The cost of cheese
jeka94

Answer:

cost per pound = $4.20

Step-by-step explanation:

Cheese cost per pound = ?

first for the cost per pound

cost per pound = total cost / pounds bought

cost per pound = $10.50 / 2.5 pounds

cost per pound = $4.20

to check the above answer is correct

cost per pound = total cost / pounds bought

cost per pound = $12.60 / 3 pounds

cost per pound = $4.20

Therefor, the cheese costs $4.20 per pound.

4 0
3 years ago
If y=34 what is y50+y/60
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3 years ago
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1. Renting a bicycle at a local Bike shop costs $30 for the first day and $10 for each additional day.
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<span>(a) Create a chart of values and write an equation to find the total cost, C in terms of the number of days d.

C = 10d + 20

</span><span>(b) Use the equation you created in Part (a) to find the cost of renting a bike for 5 days.
</span>
C = 10d + 20
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</span>
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3 years ago
House prices in a certain area went
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Answer:

£60000

Step-by-step explanation:

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