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Kay [80]
4 years ago
15

Jimmy owes $29,500 for a car loan to be repaid in 36 months. If the interest rate is 7.375%, then how much interest will he pay

Mathematics
1 answer:
Leto [7]4 years ago
4 0
I=PRT. Sub in what you know: I=29,500(.07375)(3) time is in years. Multiply: I=6526.875. Round to the nearest hundredth: $6,526.88 is his interest :)
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Read 2 more answers
A 25% acid solution must be added to a 40% solution to get 240 liters of 30% acid solution. How many of each should be used ?
schepotkina [342]

Answer:

The number of liters of 25% acid solution = x = 160 liters

The number of liters of 40% acid solution = y = 80 liters

Step-by-step explanation:

Let us represent:

The number of liters of 25% acid solution = x

The number of liters of 40% acid solution = y

Our system of Equations =

x + y = 240 liters....... Equation 1

x = 240 - y

A 25% acid solution must be added to a 40% solution to get 240 liters of 30% acid solution.

25% × x + 40% × y = 240 liters × 30%

0.25x+ 0.4y = 72...... Equation 2

We substitute 240 - y for x in Equation 2

0.25(240 - y)+ 0.4y = 72

60 - 0.25y + 0.4y = 72

Collect like terms

- 0.25y + 0.4y = 72 - 60

0.15y = 12

y = 12/0.15

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Therefore,

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