7. Loan amount = $12000
Monthly payment = $380
Duration of the repayment = 3 years = 3(12) = 36 months.
Total amount Jason repaid = 36 × 380 = 13680
Interest on loan amount = amount repaid - loan amount
= 13680 - 12000
= 1680
Hence, total amount Jason paid in interest on loan = $1680 and the correct option is (D).
8. Loan amount = $35000
Monthly payment = $315
Duration of the repayment = 10 years = 10(12) = 120 months.
Total amount Gerald repaid = 120 × 315 = 37800
Interest on loan amount = amount repaid - loan amount
= 37800 - 35000
= 2800
Hence, total amount Gerald paid in interest on loan = $2800 and the correct option is (B).
25 to 75 in lowest terms:
25:75 = 1:3
6. x = 16; it's a scalene triangle
7. x = 45; it's a right triangle.
You cannot solve this equation, because you have no y or x values. However, you can change the equation to equal x.
All you need to do is find (f+g)x = (12x) + (10(1.2)X) which = 24x
then in the multiple choice, see which one equals 24x, in this case its C.
5*1.2=6, 6x+6x = 12x*2 = 24x
