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Xelga [282]
3 years ago
14

Stephanie is taking out a loan in the amount of $15,000. Her choices for the loan are a 4-year loan at

Mathematics
1 answer:
nevsk [136]3 years ago
4 0

Answer:

$1950

Step-by-step explanation:

Simple interest amount payable is given by

A=P(1+rt) where p is principal amount, A is final amount paid, t is time and r is rate of interest. For the first case

A=15000(1+0.03*4)=$16800

For second case

A=15000(1+0.05*5)=$18750

Difference will be 18750-16800=$1950

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How can you make 0.40 into a fraction??
melamori03 [73]
<h3>2/5 is your answer. </h3><h3>▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓</h3>

☞ First, 0.40 is the same as 40/100.

But we are not done.

<u>Now, doing this you need to find the GCF (Greatest common factor) of 40, 100.</u>

2 x 2 x 5 = 20.

☞ So our GCF is 20.

Divide both the numerator and the denominator by the GCF.

40 ÷ 20 / 100 ÷ 20.

<h2>Simplify to get ☞ 2/5.</h2><h2>▬▬ι══════════════ι▬▬</h2>

Best of luck on your assignment!

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- Emacathy | Top Answerer ♫♪.ılılıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llılılı.♫♪

<h2 />

8 0
3 years ago
3.
Vitek1552 [10]
To solve this we are going to use the future value of annuity due formula: FV=(1+ \frac{r}{n} )*P[ \frac{(1+ \frac{r}{n})^{kt}-1 }{ \frac{r}{n} } ]
where
FV is the future value
P is the periodic deposit 
r is the interest rate in decimal form 
n is the number of times the interest is compounded per year
k is the number of deposits per year

We know for our problem that P=420 and t=15. To convert the interest rate to decimal form, we are going to divide the rate by 100%: r= \frac{10}{100} =0.1. Since Ruben makes the deposits every 6 months, k=2. The interest is compounded semiannually, so 2 times per year; therefore, k=2.
Lets replace the values in our formula:

FV=(1+ \frac{r}{n} )*P[ \frac{(1+ \frac{r}{n})^{kt}-1 }{ \frac{r}{n} } ]
FV=(1+ \frac{0.1}{2} )*420[ \frac{(1+ \frac{0.1}{2})^{(2)(15)}-1 }{ \frac{01}{2} } ]
FV=29299.53

We can conclude that the correct answer is <span>$29,299.53</span>
8 0
3 years ago
Raquel works in a pet store every day after school and sometimes on weekends. She earns $5.20 per hour. If Raquel works 21 hours
riadik2000 [5.3K]

Answer:

B

Step-by-step explanation:

$5.20 is about $5.00, 21 is about 20, so $5.00 * 20 *4 = $400.

Checking this: $5.20 * 21 * 4 = $436.80

8 0
2 years ago
Read 2 more answers
How do I do this please help
Umnica [9.8K]

Answer:

wrong as his calculation was incorrect at initial level itself when he found the result of the division

Step-by-step explanation:

Andre said

3 ÷ \frac{2}{3}

=3 \times \frac{3}{2}

=\frac{3 \times 3}{2}

=\frac{9}{2}

but andre calculated it as

=4\tfrac{1}{3}

=\frac{4 \times 3 + 1}{3}

=\frac{13}{3}

Hence his calculation was incorrect at initial level itself

4 0
3 years ago
1. Find the measures of the following to the nearest tenth of a degree.
Dvinal [7]
B cause you take y times it by the circumference
4 0
3 years ago
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