Answer:
Interest Rate on 2-Year Loan...$435.6
Interest Rate on 5-Year Loan...$1,452
Step-by-step explanation:
The formula for calculating simple interest is as follows.
I = P x R x T,
where I = interest
P= Principal
R= interest rate
T= time
For the loan at 4.5 percent for 2 years, the interest will be
= $4,840 x 4.5/100 x 2
= $4,840 x 0.045 x 2
= $435.6
Total cost of the loan will principal plus interest
=$435.6 + $4,840
=$5,275.6
Monthly loan cost
= $5,275.6/24
=$219.81
Total loan cost..$5,275.6
Monthly loan cost ...$219.81
For the Loan at 6 percent for 5 years, the interest will be
= $4,840 x 6/100 x 5
= $4,840 x 0.06 x 5
=$1,452
Total cost of the loan will be principal plus interest
=$ 4,840 + $1,45
=$6,292
Monthly costs will be
=$6,292/60
=$104.87
Total loan cost... $6,292
Monthly loan costs... $104.87
What's the shape of what the farmer is fencing?
You first work out the mean then for each number subtract the mean and square the result then work out the mean of those squared differences and take the square rot of that and you're done :)
There are 3 times as many participants in the 40–59 age group than in the 0–19 age group is the one statement among the following choices given in the question that best compares the height of the bars of the histogram. The correct option would be " There are 3 times as many participants in the 40–59 age group than in the 0–19 age group."
Answer
X = 8
Step-by-step explanation:
1x - 2 = 6
1x = 6 + 2
1x = 8 (divide both sides by 1 to get x)
1x/1 = 8/1
x = 8
