1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mixer [17]
3 years ago
12

jamerra received a $3,00 car loan. she plans on paying off the loan in 2 years. at the end of 2 years, jamerra will have paid $4

50 in interest. what is the simple intrest rate on the car loan?
Mathematics
1 answer:
leonid [27]3 years ago
5 0

The rate of interest is 75 % per year

<em><u>Solution:</u></em>

Given that, Jamerra received a $3,00 car loan

she plans on paying off the loan in 2 years

<em><u>Jamerra will have paid $450 in interest</u></em>

Therefore, we get

Principal = $ 300

Number of years = 2

Simple Interest = $ 450

Rate of interest = ?

<em><u>The simple interest is given by formula:</u></em>

simple\ Interest = \frac{p \times n \times r}{100}

Where,

"p" is the principal and "n" is the number of years and "r" is the rate of Interest

<em><u>Substituting the given values we get,</u></em>

450 = \frac{300 \times 2 \times r}{100}\\\\450 = 3 \times 2 \times r\\\\6r = 450\\\\r = \frac{450}{6}\\\\r = 75

Thus rate of interest is 75 % per year

You might be interested in
In a survey of 3,000 people who owned a certain type of​ car, 1,050 said they would buy that type of car again. What percent of
Ray Of Light [21]

Answer:

35 percent

Step-by-step explanation:

1050 / 3000 as a percent

1050 / 3000 = 105 / 300

Divide both sides by 3:

300 / 3 = 100

105 / 3 = 35

35 / 100 = 35 percent

3 0
2 years ago
Read 2 more answers
8 9 10 11 12 13 14 15 16 17 18 19 20You and two friends (Adam and Alana) wonly play a game if it is fair for all three of you. T
pav-90 [236]
Well I don't know ! 
Let's take a look and see:

The idea is that there could be more than one way
for a roll of the dice to land with the same number.  

-- If the sum is from 1-4, you get the point.
There are  6  different ways for a roll of the dice to come up 1-4.

-- If the sum is from 5-8, Adam gets the point.
There are  20  different ways for a roll of the dice to come up 5-8.

-- If the sum is 9-12, Lana gets the point.
There are  10  different ways for a roll of the dice to come up 9-12.

-- The game is not fair to all three of you.
-- Lana has a distinct advantage over you.
-- Adam has a big advantage over Lana.
-- Adam has an even bigger advantage over you.
-- You are at a big disadvantage.  (Notice that one of your
numbers ... 1 ... can never come up unless one of the dice
falls off of the table.)
_______________________________

Here's how to figure it:

Ways to roll a 2:
1 ... 1

Ways to roll a 3:
1 ... 2
2 ... 1

Ways to roll a 4:
1 ... 3
2 ... 2
3 ... 1

Ways to roll a 5:
1 ... 4
2 ... 3
3 ... 2
4 ... 1

Ways to roll a 6:
1 ... 5
2 ... 4
3 ... 3
4 ... 2
5 ... 1

Ways to roll a 7:
1 ... 6
2 ... 5
3 ... 4
4 ... 3
5 ... 2
6 ... 1

Ways to roll an 8:
2 ... 6
3 ... 5
4 ... 4
5 ... 3
6 ... 2

Ways to roll a 9:
3 ... 6
4 ... 5
5 ... 4
6 ... 3

Ways to roll a 10:
4 ... 6
5 ... 5
6 ... 4

Ways to roll 11:
5 ... 6
6 ... 5

Ways to roll 12:
6 ... 6

5 0
3 years ago
What is the value of 0.1562 rounded to the nearest hundredth place?
Zina [86]

Answer:

0.16

Step-by-step explanation:

8 0
3 years ago
What is 3 to the powers of 5
My name is Ann [436]

Answer:

3 to the power of 5 = 35 = 243

Step-by-step explanation:

4 0
3 years ago
Can someone help me? Thanks!
scZoUnD [109]
3 to the -3 power.. ...
7 0
3 years ago
Read 2 more answers
Other questions:
  • 5x + 45 = 1605 im too lazy to do this thx
    5·2 answers
  • The number 5 over 7 can be desribed as an
    9·2 answers
  • Complete the table below using the Midpoint and Distance Formulas.
    10·1 answer
  • Ariana charges $15 per ticket for a meet-and-greet plus $5 for parking. Due to a flu, she can only have at most 5 people attendi
    9·1 answer
  • PLEASE ANSWER!!!<br> 7.89 x 9.87
    15·2 answers
  • PLEASE HELP ME!!
    12·1 answer
  • If un=n(n2+1), evaluate u5-u4​
    14·1 answer
  • PLEASE HELP ME WITH THIS FOR BRAINLIEST AND A UNBURNED COOKIE
    15·2 answers
  • Please help due in 20 mins
    6·1 answer
  • A tree that was 30 meters high was broken so that the broken part was 7 times the length of the part that was left
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!