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mario62 [17]
3 years ago
5

Thomas borrowed 4800$ to buy a new car. He will be paying 96$ a each month for the next 60 months. Find the simple interest rate

for his car loan.
Mathematics
1 answer:
Helga [31]3 years ago
8 0

Answer:

The Rate at which car is loaned is 4 % .

Step-by-step explanation:

Given as ;

The amount borrowed by Thomas to buy new car = $ 4800

The time period = 60 months = 5 years

The Amount paid per months = $ 96 × 60 = $ 5760

Let The rate of interest applied = R % simple interest

So, Simple - Interest = Amount - principal

Or,  Simple - Interest = $ 5760 -$ 4800 = $ 960

So,<u> From Simple Interest method </u>

Simple Interest = \dfrac{\textrm Principal \times \textrm Rate \times \textrm Time}{100}

Or, $ 960 = \dfrac{\textrm 4800 \times \textrm R \times \textrm 5}{100}

or, 960×100 = 24000 × R

∴ R = \frac{96000}{24000} = 4 %

Hence The Rate at which car is loaned is 4 % . Answer

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For the question, calculate the slope of a line that passes through the points given. Remember to reduce all fractions to lowest
Afina-wow [57]

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2 years ago
Read 2 more answers
Some of the children at a school arrive by car.
scZoUnD [109]

Answer:

  • <u>74%</u>

Explanation:

You can build a two-way relative frequency table to represent the data:

These are the columns and rows:

               Car         No car      Total

Boys

Girl

Total

Fill the table

  • <em>30% of the children at the school are boys</em>

             Car         No car      Total

Boys                                       30%

Girl

Total

  • <em>60% of the boys at the school arrive by car</em>

That is 60% of 30% = 0.6 × 30% = 18%

             Car         No car      Total

Boys      18%                         30%

Girls

Total

By difference you can fill the cell of Boy and No car: 30% - 18% = 12%

             Car         No car      Total

Boy       18%           12%         30%

Girl

Total

Also, you know that the grand total is 100%

             Car         No car      Total

Boy       18%           12%         30%

Girl

Total                                     100%

By difference you fill the total of Girls: 100% - 30% = 70%

             Car         No car      Total

Boy       18%           12%         30%

Girl                                         70%

Total                                     100%

  • <em>80% of the girls at the school arrive by car</em>

That is 80% of  70% = 0.8 × 70% = 56%

             Car         No car      Total

Boy       18%           12%         30%

Girl       56%                         70%

Total                                     100%

Now you can finish filling in the whole table calculating the differences:

             Car         No car      Total

Boy       18%           12%         30%

Girl        56%         14%         70%

Total     74%          26%      100%

Having the table completed you can find any relevant probability.

The probability that a child chosen at random from the school arrives by car is the total of the column Car: 74%.

That is because that column represents the percent of boys and girls that that  arrive by car: 18% of the boys, 56% of the girls, and 74% of all the the children.

8 0
3 years ago
Help down below, these are my last questions I need help on and I need it done urgently.
love history [14]

Answer:

6) 2/3

7) 1/2

8) 5/8

9) 3/4

10) 1

11) 1

12) 7/12

Hope this helps :^)

Step-by-step explanation:

6 0
2 years ago
Solve for x and explain the steps in your answer. Please Help :/
Solnce55 [7]
I believe the answer is -25/6 :)
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