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Kitty [74]
4 years ago
9

Ward finances $20,000 to purchase a car. If he gets a 2.5% interest rate regardless of loan length, how much interest will Ward

save if he finances the $20,000 for 3 years rather than 5 years?
A) $1,000
B) $10,000
C) $333.33
D) $3,333.33
Mathematics
2 answers:
Radda [10]4 years ago
7 0

You will use the formula to calculate simple interest for each period of time and then subtract the two amounts to find how much Ward will save.


I=prt

I = 20000 x 0.025 x 3

I = $1500 over 3 years

I = 20000 x 0.025 x 5

I = $2500 over 5 years

$2500-$1500 = $1000 in savings

xz_007 [3.2K]4 years ago
6 0

Answer:

the answer is A) $1,000

since you want the interest the formula is I = P x R x T  (principal x rate x time)

1) I = 20000 x 0.025 (you divide the rate by 100 to get a decimal) x 3

I =  $1500

2) I = 20000 x 0.025 x 5

I = $2500

then all you have to do is minus the two answers

$2500 - $1500 = $1000

~serenity bella

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Prove the following by induction. In each case, n is apositive integer.<br> 2^n ≤ 2^n+1 - 2^n-1 -1.
frutty [35]
<h2>Answer with explanation:</h2>

We are asked to prove by the method of mathematical induction that:

2^n\leq 2^{n+1}-2^{n-1}-1

where n is a positive integer.

  • Let us take n=1

then we have:

2^1\leq 2^{1+1}-2^{1-1}-1\\\\i.e.\\\\2\leq 2^2-2^{0}-1\\\\i.e.\\2\leq 4-1-1\\\\i.e.\\\\2\leq 4-2\\\\i.e.\\\\2\leq 2

Hence, the result is true for n=1.

  • Let us assume that the result is true for n=k

i.e.

2^k\leq 2^{k+1}-2^{k-1}-1

  • Now, we have to prove the result for n=k+1

i.e.

<u>To prove:</u>  2^{k+1}\leq 2^{(k+1)+1}-2^{(k+1)-1}-1

Let us take n=k+1

Hence, we have:

2^{k+1}=2^k\cdot 2\\\\i.e.\\\\2^{k+1}\leq 2\cdot (2^{k+1}-2^{k-1}-1)

( Since, the result was true for n=k )

Hence, we have:

2^{k+1}\leq 2^{k+1}\cdot 2-2^{k-1}\cdot 2-2\cdot 1\\\\i.e.\\\\2^{k+1}\leq 2^{(k+1)+1}-2^{k-1+1}-2\\\\i.e.\\\\2^{k+1}\leq 2^{(k+1)+1}-2^{(k+1)-1}-2

Also, we know that:

-2

(

Since, for n=k+1 being a positive integer we have:

2^{(k+1)+1}-2^{(k+1)-1}>0  )

Hence, we have finally,

2^{k+1}\leq 2^{(k+1)+1}-2^{(k+1)-1}-1

Hence, the result holds true for n=k+1

Hence, we may infer that the result is true for all n belonging to positive integer.

i.e.

2^n\leq 2^{n+1}-2^{n-1}-1  where n is a positive integer.

6 0
3 years ago
At sunset the temperature was 4 dgrees. the next morning at sunset it was -7 degrees. what is the difference betweeen these temp
DedPeter [7]

The difference between these temperatures for the sunset is found as 11 degrees.

<h3>What is temperature difference?</h3>

In science, the term Delta T (ΔT) refers to the temperature between two measuring points. The temperature varies according to time and/or location.

Some key features regarding the temperature difference are-

  • Merus, for example, uses it to assess the effectiveness of such a heat exchanger.
  • Or to evaluate the effectiveness of a heating or cooling system.
  • A fourth letter of a Greek alphabet is, (Δ). Whereas is the capital letter symbol and the lower case letter.
  • The sign is also used in mathematics. Describes the "difference" between any two changeable quantities. T is a value in a process that represents a difference between two observed temperatures.

Now, according to the question;

Let the initial temperature be 'T' = 4 degrees.

Let the final temperature be 't' = -7 degrees.

Therefore, the temperature difference is;

ΔT =  T - t

     = 4 - (-7)

     = 4 + 7

ΔT = 11

Therefore, the difference between these temperatures is 11 degrees.

To know more about the temperature difference, here

brainly.com/question/24746268

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8 0
2 years ago
The value of homes sold in Hampton VA are normally distributed with a mean of $200,000 and a standard deviation of $10,000. If 1
LenKa [72]

Answer:

84%

Step-by-step explanation:

What we must do is calculate the z value for each value and thus find what percentage each represents and the subtraction would be the percentage between those two values.

We have that z is equal to:

z = (x - m) / (sd)

x is the value to evaluate, m the mean, sd the standard deviation

So for 190000 we have:

z = (190000 - 200000) / (10000)

z = -1

and this value represents 0.1587

for 230000 we have:

z = (230000 - 200000) / (10000)

z = 3

and this value represents 0.9987

we subtract:

0.9987 - 0.1587 = 0.84

Which means that it represents 84% of the houses

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3 years ago
Help meh please <br><br> -2/3 ÷ (-15)
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The answer is 0.04444... or 2/45. Whichever is more useful to you.
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3 years ago
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