Answer:
The APR of the loan was 18.30%.
Step-by-step explanation:
Given that a student has a total of $ 3000 in student loans that will be paid with a 48-month installment loan with monthly payments of $ 73.94, to determine the APR of the loan to the nearest one-half of a percent the following calculation must be done:
3,000 = 100
(73.94 x 48) = X
3,000 = 100
3,549.12 = X
3,549.12 x 100 / 3,000 = X
354,912 / 3000 = X
118.30 = X
118.30 - 100 = 18.30
Therefore, the APR of the loan was 18.30%.
There is a good expensive lot in Minecraft
Answer:
27 miles in the morning and 85 miles in the afternoon.
Explanation:
Let m be the number of miles they rode in the morning. They rode 4 more than 3 times this many in the afternoon; this gives us the expression
3m+4
to represent the miles ridden in the afternoon.
Together they rode 112 miles; this means we add the morning miles, m, to the afternoon miles, 3m+4, and get 112:
m+3m+4 = 112
Combine like terms:
4m+4 = 112
Subtract 4 from each side:
4m+4-4= 112-4
4m = 108
Divide both sides by 4:
4m/4 = 108/4
m = 27
They rode 27 miles in the morning.
That means in the afternoon, they rode
3m+4 = 3(27)+4 = 81+4 = 85 miles.
