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poizon [28]
3 years ago
10

Brenda took out a personal loan for $12,000 at an interest rate of 12% compounded monthly. She made arrangements to pay the loan

off in 5 years. What will her monthly payment be?
Mathematics
1 answer:
iragen [17]3 years ago
7 0

Answer: her monthly payments would be $267

Step-by-step explanation:

We would apply the periodic interest rate formula which is expressed as

P = a/[{(1+r)^n]-1}/{r(1+r)^n}]

Where

P represents the monthly payments.

a represents the amount of the loan

r represents the annual rate.

n represents number of monthly payments. Therefore

a = $12000

r = 0.12/12 = 0.01

n = 12 × 5 = 60

Therefore,

P = 12000/[{(1+0.01)^60]-1}/{0.01(1+0.01)^60}]

12000/[{(1.01)^60]-1}/{0.01(1.01)^60}]

P = 12000/{1.817 -1}/[0.01(1.817)]

P = 12000/(0.817/0.01817)

P = 12000/44.96

P = $267

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Asap help !!
Lerok [7]

Answer:

put it in a calculator, 8,000 times whatever number u need

5 0
3 years ago
Which value is equivalent to<br> 3/11?<br> OA A. 0.27<br> O<br> B. 0.27<br> OC<br> C. 3.6<br> OD. 3.
Sladkaya [172]

Answer:

0.27 repeating.

Step-by-step explanation:

So to solve this we just have to use division.

1 clearly doesnt go into 3 at least one time, so we can add a decimal point and add a 0 to make it 30.

11 goes into 30 2 times, so we have:

0.2

and 30-22=8

So we can add another 0 and make it 80.

Then 11 goes into 80 7 times. So we have:

0.27

and 80-77=3

So again, add the 0, we have 30.

11 goes into 30 2 times, so:

0.272

and 30-22=8

Add another 0 we get 80.

11 goes into 80 7 times.

So finally, we have:

0.2727.

This is a repeating decimal.

This can be shown as:

0.<u>27</u>

So this is your answer!

I was a bit confused with which one it was on your answer key, but knowing that it is 0.<u>27</u> I am guessing you can chose!

Hope this helps!

4 0
2 years ago
Water tank A has a capacity of 550 gallons and is 66% full. Water tank B is 53% full. The ratio of the capacity of T. How much w
Anna71 [15]

Tank A capacity = 550 gallons       66% x 550 gallons = 363 gallons in Tank A

How about the water in tank B?

ratio of  11: 15      11/15 = 550/x          550 * 15/11 = cap B = 750 gal       53% 0f 750 = .53 x 750 = 397.5 gal in tank B

4 0
2 years ago
Help with number 4,5,6 and 7 plz help this is really hard I fell asleep in class plz plz help
Katen [24]
4. 6/8, 5. 3 5/8, 6. 7 7/8, 7. 72 months and 2,190 days
8 0
3 years ago
Read 2 more answers
Plz Help NO LINKS NO LINKS
Ann [662]

Answer:

The second one is correct.

6 0
3 years ago
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