Given:
loan amount: 25,250
original interest rate: 3.4%
new interest rate: 6.8%
term: 10 years.
Assuming that simple interest formula is used.
I = P * r * t
I = interest
P = principal
r = interest rate
t = term/time
I = 25,250 * 3.4% * 10 years
I = 8,585
I = 25,250 * 6.8% * 10 years
I = 17,170
17,170 - 8,585 = 8,585 Additional interest paid using the new interest rate.
Using an online loan repayment calculator: Here are the following data:
Loan Balance:$25,250.00
Adjusted Loan Balance:$25,250.00Loan
Interest Rate:6.80%
Loan Fees:0.00%
Loan Term:10 years
Minimum Payment:$0.00
Monthly Loan Payment:$290.58
Number of Payments:120
Cumulative Payments:$34,869.23
Total Interest Paid:$9,619.23
<span><span>Loan Balance:$25,250.00
</span><span>Adjusted Loan Balance:$25,250.00
</span><span>Loan Interest Rate:3.40%
</span><span>Loan Fees:0.00%
</span><span>Loan Term:10 years
</span><span>Minimum Payment:$0.00</span>
<span>Monthly Loan Payment:$248.51
</span><span>Number of Payments:120</span>
<span>Cumulative Payments:$29,820.59
</span><span>Total Interest Paid:<span>$4,570.59</span></span></span>
Answer: The approximate absentee rate that day would be 8.09%.
Step-by-step explanation:
Since we have given that
Number of students who were absent = 36
Total number of students = 445
We need to find the approximate absentee rate that day :
Rate of absentee of that day would be
Hence, the approximate absentee rate that day would be 8.09%.
Answer:
Can only be simplified through calculator using decimal equivalents.
Step-by-step explanation:
The perimeter of a rectangle is the formula P=2l+2w. Here 
and 
. So the perimeter is:
Answer:
750 cubic (^3) feet
Step-by-step explanation:
Answer:
144 goes with 12, 36 goes with 6, 9 goes with 3, and 121 goes with 11.
Step-by-step explanation:
The second number stated in each phrase is time itself to create the first number. For example, 144. If we take the second number in the number phrase (12) and time it by itself (12 * 12) it equals 144. This applies to each number phrase.
