The amount you would pay altogether if you borrow $500 for 5 years at
an annual interest rate of 7% is $945.
<h3>How much would you pay altogether?</h3>
The amount you would pay altogether is the sum of the amount borrowed and the interest.
Total value of the debt = interest + amount borrowed
Interest = $700 x 7% x 5 = $245
Total value of the debt = $245 + $700 = $945
Answer:
1) Repaid for the loan = $239,511.60
2) Percentage = 58.2%
3) Average amount = $387.53
Step-by-step explanation:
Given :
Amount $100,000
Rate 7%
Payments 360 - $665.31
Total interest $139,511.60
To find :
1) How much will be repaid for this loan?
Repaid for the loan = Amount - Total interest
Repaid for the loan = 100,000 + 139,511.60
Repaid for the loan = $239,511.60
2) What percentage will be repaid for this loan?
3) What will be the average amount per payment for interest?
Answer: -5 and 2
Because it equals 3 when added.
And -10 when multiplied.
Answer:
448.23
Step-by-step explanation:
Sales tax is addition to the original price
The original price is 100%
First we find 1% of this, which is 415.99 / 100 = 4.1599
Then multiply this by 7.75 = 32.239225
Add this to the original price = 415.99 + 32.239225 = 448.229225
You have to round this to an appropriate number as the question uses two decimal places I think this will suffice = 448.23
