The amount Howie need to pay back at the end of one year, including the interest is $26,000
Given:
Interest rate = 4%
Cost of car = $25,000
Time = 1 year
<em>Amount of interest</em> = Principal × Rate × Time
= 25,000 × 4% × 1
= 25,000 × 0.04 × 1
= $1,000
<em>Amount to be paid </em>= Amount of interest + Cost of car
= 1,000 + 25,000
= $26,000
Therefore, the amount Howie need to pay back at the end of one year, including the interest is $26,000
Learn more about interest rate:
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Answer:Number Example Natural number are those number which we can count.It denoted by N
Step-by-step explanation:
Answer:
Step-by-step explanation:
Percentage of A
34/40 x 100 = 85%
Percentage of B
54/40 x 100 = 135%
Ans: A) 85% B) 135%
Answer:
20/9
Step-by-step explanation:
Alright, so by using the "keep me, change me, turn me over" method - we can easily solve this:
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Let's say <span>Mr.rodrigues's total amount of money is x. 1/2 of his money is in land, 1/10 of his money is in stocks, and 1/20 of his money is in bonds. The remaining is in his savings. Therefore, 1-1/2-1/20-/10 = fraction of money in savings account = 35/100 = 7/20. If 7/20 of his money =35000, then we can say that (7/20)x=35000, and 35000*20=7x, then getting (35000*20/7)=x, which equals (5000*20)=100,000 dollars.</span>
