Needing help with writing correct answer for this question

Kim wants to buy a car. Help Kim compute the monthly payment on a loan, given the loan amount, the annual percentage rate of int

Assoli18 [71]

Answer:

The complete Python program to calculate the monthly payment on a loan with step by step explanation is given below.

Python Code with Explanation:

# get the loan amount from the user

LoanAmt=eval(input("Please enter the loan amount: "))

# get the annual interest rate from the user in percentage form

InterestRate=eval(input("Please enter the annual interest rate in percentage: "))

# get the number of months from the user

NumberMonths=eval(input("Please enter the number of months: "))

# convert the annual interest rate into monthly interest rate and also into decimal form according to the equation given in the question

MonthlyRate = InterestRate/1200

# implement the given equation to find out the required monthly payment, the operator (**) is used to raise to the power

Payment = (LoanAmt*MonthlyRate (1+MonthlyRate)**NumberMonths)/((1+MonthlyRate)**NumberMonths -1)

# finally, print the monthly payment

print("The monthly payment is: ", Payment)

Output:

Please enter the loan amount: 1500

Please enter the annual interest rate in percentage: 15

Please enter the number of months: 12

The monthly payment is: 135.38746851773584

Bonus:

You can use this command to limit the digits after the decimal point

For example following code will limit to 2 digits after the decimal point.

print(format(Payment, '.2f'))

3 0

3 years ago

PLS HELP ASAP PLS PLS PLS

Sedbober [7]

Answer:

$15

is the answer i think

7 0

3 years ago

The sum of two consecutive numbers is -165. Find the value of the smaller number.

zalisa [80]

Let's say the smaller number is x. Then, we can represent the larger number as x + 1. The +1 means that it's both larger, because adding makes a number larger, and consecutive, because it's 1 greater or less.

Then, we can write an equation. The sum of the two numbers is x + (x + 1), and it's equal to -165.

x + (x + 1) = -165

2x + 1 = -165

2x = -166

x = -83

Since x = -83, the smaller number is -83.

7 0

3 years ago

If the original number is 15 and the new number is 5, what is the percent decrease?

Arlecino [84]

When a quantity grows (gets bigger), then we can compute its PERCENT INCREASE:

[beautiful math coming... please be patient] PERCENT INCREASE=(new amount−original amount)original amountPERCENT INCREASE=(new amount−original amount)original amount

Some people write this formula with 100%100% at the end,
to emphasize that since it is percent increase, it should be reported as a percent.

So, here's an alternate way to give the formula:

PERCENT INCREASE=(new amount−original amount)original amount⋅100%PERCENT INCREASE=(new amount−original amount)original amount⋅100%

Recall that 100%=100⋅1100=1100%=100⋅1100=1 .
So, 100%100% is just the number 11 !
Multiplying by 11 doesn't change anything except the name of the number!
Hope this helps

6 0

3 years ago

If set A = (3,4,7,9) and if set D = (9,4,3,7), A=D. True O False

Nata [24]

Answer:

If set A = (3, 4, 7, 9) and if set D = (9, 4, 3, 7) , then set A = set D is true.

Solution:

Two sets are said to be equal, if the elements in both the sets are exactly same.

From question, the given sets are

Set A = (3, 4, 7, 9)

Set D = (9, 4, 3, 7)

Set A and Set D contain same elements. In sets and relations, we need not worry about the elements positions. For the given set A the elements are {3,4,7,9} and for set D the elements are {9,4,3,7}. The elements are same each other irrespective of their positions. Hence, the given condition set A= set D is True.

5 0

3 years ago