9514 1404 393
Answer:
14.3%
Step-by-step explanation:
We assume this question is asking for the annual interest rate for an amortized loan that would produce the same total repayment amount as if 8% simple interest were added to the $4900 loan amount. There is no formula for that, but there are a number of apps and spreadsheets that can calculate it. In the attached, we have use a graphing calculator.
The APR is about 14.3%.
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The amount to be repaid is calculated using the simple interest formula:
A = P(1 +rt) = $4900(1 +0.08·4) = $6468
Then the required monthly payment (for 48 months) is ...
$6468/48 = $134.75
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The payment amount for a 48-payment loan at rate r on a principal of $4900 will be ...
A = 4900(r/12)/(1 -(1 +r/12)^-48)
In the attachment, we show the value of r (in percent) that would make the payment amount A be $134.75. We have done this by casting the problem in the form f(r) = 0 and looking for the x-intercept of f(r).
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<em>Additional comment</em>
The second attachment uses a spreadsheet for the same purpose. Here, we have used Go.ogle Sheets with a "Goal Seek" add-on to adjust the value in cell B5 so that the computed payment on the loan (cell B6) is the same as the value we calculated in cell B4.
We found the graphing calculator solution to be much quicker, though in that case we actually had to know the formula to use to calculate the payment. The payment formula is built into the spreadsheet.
Let the number be y.
One third of y = (1/3)*y = y/3
This is decreased by 6; y/3 - 6
And it equals 8
That means:
y/3 - 6 = 8
y/3 = 8 + 6
y/3 = 14
y = 3*14
y = 42
The number is 42.
I hope this helps.
Answer:
use your instincts
Explanation:
it works for both me and my dad and it should work for you
Multiply the values of a and c together;
9*30= 270 <— find prime factors of this
270= 3*3*3*5*2
Now find a way to add these factors in different ways to give 33 (b value)
We can try (3*3*2)+(3*5)=?
18+15=33
Now that you know the numbers, break down the b value.
9x^2+18x+15x+30
9x(x+2)+15(x+2) <— make sure the brackets are the same
(9x+15)(x+2) <— check if this expands to the initial answer
Hope I helped :)
The percent of owns home is 65.51% and percent of rents home is 34.48% if the total number of US households is 116.
<h3>What is percentage?</h3>
It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.
The question is incomplete.
The complete question is in the picture, please refer to the attached picture.
From the table:
Total number of US households = 71+13+5+27 = 116
Owns home = 71+5 = 76
Percent of owns home = (76/116)×100 = 65.51%
Rents home = 13+27 = 40
Percent of rents home = (40/116)×100 = 34.48%
Thus, the percent of owns home is 65.51% and percent of rents home is 34.48% if the total number of US households is 116.
Learn more about the percentage here:
brainly.com/question/8011401
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