1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Debora [2.8K]
3 years ago
9

The total of monthly payments for a three-year loan is $22,317.12. The APR is 4%. How much money was originally borrowed?

Mathematics
1 answer:
Goshia [24]3 years ago
4 0

Answer:

$717336

Step-by-step explanation:

The total of monthly payments for a 3-year loan is $22317.12.

So, the total amount has to pay back in 3 years is $(22317.12 × 12 × 3) = $803416.32.

Let the amount of money that was originally borrowed is $x and the given APR is 4%.

Then we can write, x(1 + \frac{4 \times 3}{100}) = 803416.32

⇒ 1.12x = 803416.32

⇒ x = $717336 (answer)

You might be interested in
0.13x0.11=????????????????
andre [41]

Answer:

0.0143 in decimal form

Step-by-step explanation:

3 0
3 years ago
What is 3 3/8 +3 1/2 using common denominator
horrorfan [7]
1/2=4/8. 3 and 4/8+ 3 and 3/8 is 6 and 7/8.
8 0
3 years ago
Read 2 more answers
Matthew made a scale model of the solar system for a science project. He created the planet Mercury with a diameter of 6 inches.
Ronch [10]

Answer:

3000

Step-by-step explanation:

I'm learning this right now too!

500×6in=3000

6 0
2 years ago
Match the sequence (term) with the correct type of sequence (definition). 2, 4, 6, 8, ... Answer 1 28, 24, 20, 16, ... Answer 2
bazaltina [42]

1. 28 24 20 16 I hope this helps

6 0
3 years ago
Can you help me understand front end and clusters when u round​
Galina-37 [17]

Answer:

I really hope this help! Some may call it front end rounding while others call is front end estimating, even though they mean the same thing. When rounding a place value, you need to look to the number to the right of it. Example: Most often a teacher may as you round the number 452 to the nearest ten’s. That number will than be 450. But why? Well as we look at the number, we know we need to round to the nearest ten. So in our case it would be 52. Our rule to remember when rounding is 5 and higher we round-up. Since we are looking at the portion of the number 52, we go right of the tens place to find the number 2. Since the number 2 is not 5 or higher, we round down making it 50. Don’t forget to finish the problem by adding the hundreds back to the original number. Your answer for this problem is 450.

Step-by-step explanation: I really hope this helps i will post the rest in the comment!

6 0
3 years ago
Other questions:
  • The measure of one angle of an octagon is two times smaller that of the other seven angles. What is the measure of each angle?
    8·1 answer
  • What is the slope of the line in the graph?<br> A. -4/3<br> B. -3/4<br> C. 3/4<br> D. 4/3
    8·1 answer
  • Which statement correctly describes the lines shown on the graph?
    14·1 answer
  • Which of the following is a solution of 4x2 = − 9x − 4?
    12·1 answer
  • Which equation below gives an incorrect value for the function k(x) = 512x?
    9·1 answer
  • Can the segments of 6 5 and 12 form a triangle
    11·1 answer
  • 3y−3x=21 Put the following equation of a line into slope-intercept form, simplifying all fractions.
    10·1 answer
  • Find the area of the following parallelogram:​
    14·1 answer
  • Please help asap please
    12·1 answer
  • If f(x)=5x-11 what is f(1)? f(3)?​
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!