Answer:
Step-by-step explanation:
Alice borrowed 16700 from the bank at a simple interest rate of 9% to purchase a used car. It means that the interest is not compounded. Simple interest is usually expressed per annum. The formula for simple is
I = PRT/100
Where
I = interest
P = principal(amount borrowed from the bank)
R = 9% ( rate at which the interest is charged
T = number of years
At the end of the loan,she had paid a total of 24215. This means that the interest + the principal = 24215
Therefore,
The interest = 24215 - 16700 = 7515
Therefore
7517 = (16700 × 9 × t)/100
751700 = 150300t
T = 751700/150300
T = 5 years
Converting 5 years to months,
1 year 12 months
5 months = 12 × 5 = 60 months
Answer:22
Step-by-step explanation: the smallest the other two can be is 1 so you have to multiply 8 with 3, that equals 24, then you have to subtract 2 (1+1) and that gives you 22.
You cant use the division of rational numbers to describe data
Answer:
<u>Quadrant 2</u> (a.k.a. quadrant II)
Step-by-step explanation:
Think: in which quadrant are the x-values negative and the y-values positive?
( - , + ) <em>2</em> | (+, +) <em>1</em>
________|__________
( -, -) <em>3</em> | (+, -) <em>4</em>
Cost of discount/origination points = 1% of the mortgage*number of pints in question.
In the current scenario:
Mortgage taken = $394,000
Discount points = 4
Origination points = 5
Then,
Cost of discount points = 0.01*394,000*4 = $15,760
Cost of origination points = 0.01*394,000*5 = $19,700
