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Galina-37 [17]
3 years ago
5

Your bank gives you a special loan of $112,000. At the end of 30 years, you will pay the bank $176,400 in simple interest. What

is the annual interest rate on your loan?

Mathematics
2 answers:
Olenka [21]3 years ago
7 0
In the given problem there are several information's worth taking note of. Based on these information's the rate on the loan can be calculated.It is already given that the Principal amount is $112000. Time is given as 30 years and the final amount as $176400.
Now we have to find the amount of interest first
Interest amount = (176400 - 112000) dollars
                           = 64400 dollars
As per the formula of simple interest we know that
Interest = Principal * Rate of interest * Time
Rate of Interest = (Principal * Time)/Interest amount
                          = (112000 * 30)/64400
                          = 3360000/64400
                          = 52.17
So the rate of interest on the loan for the period of 30 years was 52.17%
o-na [289]3 years ago
5 0

Answer:

5.25

Step-by-step explanation:

I got this problem on imagine math and I got it right (the second time)

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How do I solve these?
makkiz [27]

1) The number is 12.

2) There are 7 passengers in a row.

3) Carol, Xavier and Keela drank 580, 1160 and 1260 mL of water, respectively.

<h3>How to resolve word problems involving linear equations</h3>

In this question we find word problems involving linear equations, in each case we need to understand the statement, derive mathematical equations and looking for corresponding solutions by algebraic means. Now we proceed to solve for each case:

Case 1

A variable is found herein and we need to resolve on this linear equation: (x - A number)

(x + 8) / 4 = 1 + (1 / 3) · x

(1 / 4) · x + 2 = 1 + (1 / 3) · x

1 = (1 / 12) · x

x = 12

The number is 12.

Case 2

A variable is found herein and we need to resolve on this linear equation: (x - Number of passengers per row)

30 · x + 12 = 222

30 · x = 210

x = 7

There are 7 passengers in a row.

Case 3

Three variables are found herein and we need to resolve on these linear equations: (x - Water consumed by Carol, y - Water consumed by Xavier, z - Water consumed by Keela)

z = 2 · x                        (1)

y = z + 100                   (2)

x + y + z = 3000           (3)

Finally, we find the solution of this system:

x + (z + 100) + z = 3000

x + 2 · z = 2900

x + 4 · x = 2900

5 · x = 2900

x = 580 mL

z = 1160 mL

y = 1260 mL

Carol, Xavier and Keela drank 580, 1160 and 1260 mL of water, respectively.

To learn more on systems of linear equations: brainly.com/question/21292369

#SPJ1

3 0
2 years ago
Please help out with this if you can.
Pepsi [2]

Answer:

3/7 and 4/17

Step-by-step explanation:

a) given that Shen is playing a game and the probability of unlocking the treasure test is 3/10.

To find the odds in favour of his character unlocking the treasure chest.

Since probability = 3/10 we have favourable and total are in the ratio 3:10

i.e. favourable:Favourable+unfavourable= 3:3+7

Hene odds= favourable:unfavourable =3/7

Answer is 3/7

b) Given that odds against choosing a blue block are 13/4

This means there are 4 blue blocks and 13 other colour blocks.

Total blocks= 13+4 =17

No of blue blocks = 4

Probability of selecting blue block=4/17


6 0
3 years ago
I just need to know the horizontal part I can do the other. Please ASAP
11Alexandr11 [23.1K]

Answer:

Enjoy and it would be good if you gave more points

Step-by-step explanation:

6 0
3 years ago
5,000 tens equals how many thousands
Brilliant_brown [7]

5,000 tens = (5,000 x 10)

To find out how many thousands are in it,
just divide:

(5,000 x 10) / (1,000)  =  (5 x 10)  =  50 of them .

4 0
3 years ago
The formula for computing the feet is .
nexus9112 [7]

Answer:

When you have to get these measurements completely then you apply some multiplication as follows: Calculate cubic feet for different units (formula) From feet: length (ft) × width (ft) × height (ft) = cubic feet From inches: length (in) × width (in) × height (in) ÷ 1728 = cubic feet

Step-by-step explanation:

I don't know, sorry

8 0
3 years ago
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