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Deffense [45]
3 years ago
5

You borrowed $11,250 from the bank to buy a used car. You will pay the bank back in 5 years with 3.45% interest compounded annua

lly. How much interest will you end up paying? Question 5 options: $1,940.63 $13,190.63 $13,329.23 $2,079.23
Mathematics
1 answer:
mihalych1998 [28]3 years ago
4 0

Answer:

(D)$2079.23

Step-by-step explanation:

If I borrowed $11,250 from the bank to buy a used car. You will pay the bank back in 5 years with 3.45% interest compounded annually, then:

Principal=$11,250

Time=5 years

Rate=3.45%

Since it is compounded annually, our compound interest will be derived using this formula:

Interest=Amount at the end of 5 years - Principal

where:

Amount, A=P(1+r)^n

=11250(1+0.0345)^5\\=11250(1.0345)^5\\=13329.23

Therefore our Interest=13329.23-11250 =$2079.23

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Jenya answered 24 out of 30 questions correctly on her math test and 21 out of 25 questions
Anestetic [448]

Answer:

Science Test

Step-by-step explanation:

Math test:

24/30 so divide 24 by 30 to see the percentage she got, which is 80%

Science test:

21/25, same process as before, 21 divided by 25 is 84%

Therefore, she scored higher on the science test.

4 0
3 years ago
8j - k + 14 when j = 0.25 and k = 1
Minchanka [31]

Answer:

15

Step-by-step explanation:

8(0.25) - 1(1) + 14

2 - 1 + 14

1 + 14

15

7 0
2 years ago
Read 2 more answers
John and Jennifer want to split a bag of candy, and decide to use the divider-chooser method. The bag contains 100 Snickers, 100
AleksandrR [38]

Answer:

sorry i dont know but this is for a challenge

Step-by-step explanation:

6 0
2 years ago
Fourty mins after 4:40 is fourty mins before…
marissa [1.9K]

Answer:

B.   6:00

Step-by-step explanation:

There are 60 minutes in one hour.

To calculate 40 minutes after 4:40, separate 40 minutes into two lots of 20 minutes.

⇒ 4:40 + 20 minutes = 5:00

⇒ 5:00 + 20 minutes = 5:20

Therefore, 40 minutes after 4:40 is 5:20

To calculate the time that 5:20 is 40 minutes before, add 40 minutes to 5:20

⇒ 5:20 + 40 minutes = 6:00

Therefore, the solution is option B. 6:00

7 0
1 year ago
Read 2 more answers
The mean of 100 observation is found to be 40. If at the time of compution two items were wrongly taken as 30 and 27 instead of
Colt1911 [192]

Answer:

40.18

Step-by-step explanation:

According to this question, the mean of 100 observation is found to be 40. This means that the number of values in the set of data is 100. However, at the time of computation two items were wrongly taken as 30 and 27 instead of 3 and 72.

The mean is derived by dividing the sum of values in the data (Σx) by the number of observations (n) i.e.

Mean = Σx/n

For the computation error:

Mean = 40

Let x represent the sun of other 98 values except 30 and 27

n = 100

40 = x + 30 + 27/100

40 = 57 + x/100

Cross multiply

4000 = 57 + x

x = 4000 - 57

x = 3943.

Sum of other 98 values = 3943.

Now, let's find the correct mean with correct values of 3 and 72;

Mean = Σx/n

Mean = 3943 + 3 + 72/100

Mean = 4018/100

Mean = 40.18

7 0
2 years ago
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