Answer:
Interest Rate on 2-Year Loan...$435.6
Interest Rate on 5-Year Loan...$1,452
Step-by-step explanation:
The formula for calculating simple interest is as follows.
I = P x R x T,
where I = interest
P= Principal
R= interest rate
T= time
For the loan at 4.5 percent for 2 years, the interest will be
= $4,840 x 4.5/100 x 2
= $4,840 x 0.045 x 2
= $435.6
Total cost of the loan will principal plus interest
=$435.6 + $4,840
=$5,275.6
Monthly loan cost
= $5,275.6/24
=$219.81
Total loan cost..$5,275.6
Monthly loan cost ...$219.81
For the Loan at 6 percent for 5 years, the interest will be
= $4,840 x 6/100 x 5
= $4,840 x 0.06 x 5
=$1,452
Total cost of the loan will be principal plus interest
=$ 4,840 + $1,45
=$6,292
Monthly costs will be
=$6,292/60
=$104.87
Total loan cost... $6,292
Monthly loan costs... $104.87
Answer:
Ray WV and Ray WX.
Step-by-step explanation:
A ray is a line that has a fixed starting point, but no end points. It extends infinitely. You usually list points based on the way it is facing.
Hope this helps!
Answer:
y=4x-22
Step-by-step explanation:
2=(6*4)+b
2=24+b
-22=b
y=(4*6)-22
y=24-22
y=2
Answer:
SSS congruence theorem.
Step-by-step explanation:
We have proved that the 3 sides of the triangles are congruent.
Answer:
80 and 50 are parallel
Step-by-step explanation:
ok are u understand
