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vovangra [49]
3 years ago
11

Ricardo wants to buy a new car but he does not have enough money so he decides to borrow $12,000 from the bank to buy a new car

.Ricardos bank is going to charge him 17% interest that will be compounded annually .how much money will you pay the bank back and he keeps the loan for 5 years?
Mathematics
1 answer:
il63 [147K]3 years ago
4 0

Answer: 2040

Step-by-step explanation:I believe that if you were to keep the loan for 5 years you would have to pay 2040 dollars because you do 12000 x . 17 to get 2040.

I am sorry if I am wrong.

Hope this helps!

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4 0
3 years ago
What is the equation of a line that is parallel to −3x+4y=4 and passes through the point (4, 0) ?
Degger [83]
First, change the given equation to slope-intercept form:

4y = 3x + 4
y = (3/4)x + 1

Because the line we are trying to write the equation for is parallel to the above line, the new line must have the same slope (3/4).

We can then substitute (4, 0) to find the y-intercept (b):

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We can now write the whole equation:

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Your final answer is y = (3/4)x - 3

Hope this helps!! Let me know if you have ANY questions.
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