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
natta225 [31]
3 years ago
13

Myrtle took out a 3-year loan for 2050$ at a computer retailer to be paid back with monthly payments at 12% apr compounded month

ly. If the loan offers no payments for the first 5 months about how much in total will myrtle pay in interest for the loan?
Mathematics
2 answers:
lubasha [3.4K]3 years ago
5 0

Answer:

466.27$ APEX

Step-by-step explanation:

Rainbow [258]3 years ago
3 0

Answer:

We have ; p = 2050

r = 12/12/100=0.01

n = 3\times12=36

But we will take 36-5=31

EMI formula is :

\frac{p\times r\times(1+r)^{n}}{(1+r)^{n}-1}

Substituting values in the formula we get;

\frac{2050\times0.01\times(1+0.01)^{31}}{(1+0.01)^{31}-1}

= \frac{2050\times0.01\times(1.01)^{31}}{(1.01)^{31}-1}

= $77.24

Now for further working you can see the sheet attached.

Total interest paid for the loan = $446.76

Download xlsx
You might be interested in
Suppose brine containing 0.2 kg of salt per liter runs into a tank initially filled with 500 L of water containing 5 kg of salt.
Oliga [24]

Answer:

(a) 0.288 kg/liter

(b) 0.061408 kg/liter

Step-by-step explanation:

(a) The mass of salt entering the tank per minute, x = 0.2 kg/L × 5 L/minute = 1 kg/minute

The mass of salt exiting the tank per minute = 5 × (5 + x)/500

The increase per minute, Δ/dt, in the mass of salt in the tank is given as follows;

Δ/dt = x - 5 × (5 + x)/500

The increase, in mass, Δ, after an increase in time, dt, is therefore;

Δ = (x - 5 × (5 + x)/500)·dt

Integrating with a graphing calculator, with limits 0, 10, gives;

Δ = (99·x - 5)/10

Substituting x = 1 gives

(99 × 1 - 5)/10 = 9.4 kg

The concentration of the salt and water in the tank after 10 minutes = (Initial mass of salt in the tank + Increase in the mass of the salt in the tank)/(Volume of the tank)

∴ The concentration of the salt and water in the tank after 10 minutes =  (5 + 9.4)/500 = (14.4)/500 = 0.288

The concentration of the salt and water in the tank after 10 minutes = 0.288 kg/liter

(b) With the added leak, we now have;

Δ/dt = x - 6 × (14.4 + x)/500

Δ = x - 6 × (14.4 + x)/500·dt

Integrating with a graphing calculator, with limits 0, 20, gives;

Δ = 19.76·x -3.456 = 16.304

Where x = 1

The increase in mass after an increase in = 16.304 kg

The total mass = 16.304 + 14.4 = 30.704 kg

The concentration of the salt in the tank then becomes;

Concentration = 30.704/500 = 0.061408 kg/liter.

6 0
3 years ago
Write (-5+8i)+(-5-8i) as a complex number in standard form
gizmo_the_mogwai [7]
(-5+8i)+(-5-8i) =
-5+8i-5-8i=-10
5 0
3 years ago
The value of 5 in 506712 is how many times the value of 5 in 324859
Oxana [17]
It is 1.55 times the value of the second number. 
8 0
3 years ago
Read 2 more answers
What do I put in the boxes
padilas [110]

Answer:

stylo fabric customer care 9903160322##8944928267

4 0
3 years ago
After a dilation with center (0,0) the image of DB is D’B’ if DB=6 and D’B’=2 the scale factor of dilation is what ?
bezimeni [28]

Answer:

scale factor = \frac{1}{3}

Step-by-step explanation:

the scale factor is the ratio of corrresponding sides. image to original.

scale factor = \frac{D'B'}{DB} = \frac{2}{6} = \frac{1}{3}

7 0
2 years ago
Other questions:
  • If g(x)=5x-3 and h(x) = x find (goh) (4)
    13·1 answer
  • PLEASE HELP!!! i’ll give brainliest
    14·1 answer
  • To the nearest 0.01 degree, what angle of descent (angle of depression) must a plane 50 horizontal miles from the airport and at
    6·1 answer
  • Heeeeeeeeeeeeeeeeeelpppppppppppp
    7·1 answer
  • How do you find the radius of a circle that has a circumference of 69.1?
    6·1 answer
  • A shoe store is selling a pair of shoes for $60 that has been discounted by
    12·1 answer
  • Please help.........
    10·1 answer
  • The two tables give the number of pints of blue and yellow that are used to make different amounts of two shades of green dye.
    13·1 answer
  • Find the distance from the point (1, 0, -2) to the origin.
    14·2 answers
  • nine times a number y subtracted from 85 is seven times the sum of four and y . ( i need the equation for this )
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!