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kolbaska11 [484]
3 years ago
15

Kacie has a balance of $10,000 on a loan with an annual interest rate of 8%. To pay off the $10,000 in four years, Kacie will ha

ve to make a minimum payment of $244.13 per month. How much will Kacie pay in interest over the four year period?
Mathematics
2 answers:
serious [3.7K]3 years ago
8 0

Answer:

244.13 * 48 months = 11,718.24

Therefore, the total interest is 1,718.24


Step-by-step explanation:


anzhelika [568]3 years ago
5 0

Given that loan balance is 10000 dollars

Interest rate = 8%.

Monthly payment=EMI .= 244.13 dollars

No of months paid = 48

Hence total amount repaid = 48x244..13 =1171824

Out of this amount repaid principal = 10000 dollars

Hence interest amount = 11718.24.-10000 = 1718.24. dollars

Formula used:.  Total amount repaid = Principal +. interest

Total amount repaid = EMI. x monthly instalment.

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3 years ago
On a spelling test, Marcy got 15% of the questions incorrect. If there were 40 questions on the spelling test, than how many que
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Answer:

34

Step-by-step explanation:

Marcy got 15% of the 40 wrong

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3 years ago
3. Explain why school readiness is important for the preschool<br> years.
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3 years ago
The function is used to convert temperature from Celsius (C) to Fahrenheit (F). The function C(K) = K − 273.15 is used to conver
jeka94

Answer:

The correct function for converting temperature from Kelvin to Fahrenheit is F(K) = \frac{9(K - 273.15)}{5} + 32

Step-by-step explanation:

Kelvin to Celsius function:

The function to convert a temperature from degrees Kelvin to degrees Celsius is given by:

C(K) = K - 273.15

Celsius to Fahrenheit function:

The function to convert a temperature from degrees Celsius to degrees Fahrenheit is given by:

F(C) = \frac{9C}{5} + 32

Which is the correct function for converting temperature from Kelvin to Fahrenheit?

In the equation to find F(C), we use C = C(K). So

F(C) = \frac{9C}{5} + 32

F(C(K)) = \frac{9(K - 273.15)}{5} + 32

F(K) = \frac{9(K - 273.15)}{5} + 32

The correct function for converting temperature from Kelvin to Fahrenheit is F(K) = \frac{9(K - 273.15)}{5} + 32

8 0
3 years ago
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