1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
prisoha [69]
3 years ago
9

Your brother is going to buy a car when he graduates, but he doesn't have enough money to pay for it in cash. He takes a loan ou

t at a bank that charges 4% simple interest. If the initial cost of the car is $18,500 and he takes out a 5-year loan, what is the total amount your brother will be paying for the cost of his car?
Mathematics
1 answer:
Nutka1998 [239]3 years ago
5 0
Year 1 - 18500 x 1.04 = 19240
Year 2- 19240 x 1.04 = 20009.6
Year 3- 20009.6 x 1.04 = 20809.984
Year 4- 20809.984 x 1.04 = 21642.3834
Year 5- 21642.3834 x 1.04 = 22508.0784

The answer rounded is $22508 so your brother will have to pay $22508 for his car

Hope this helps :)
You might be interested in
Write and solve the equation for the following situation:
tamaranim1 [39]

Answer:

B.) x + (x + 16) = 90

2x+16=90

2x=90-16

x=74/2

x=37

8 0
3 years ago
Read 2 more answers
Which decimals are between 10% and 20%?<br> 0.11<br> 0.09<br> 0.13<br> 0 0.19<br> 0.011
Gekata [30.6K]

Answer:

0.19

0.13

0.11

because that is how 19, 13, and 11 percent are represented in decimal form

7 0
3 years ago
If you understand may you please help me?​
Darina [25.2K]

Answer:

Step-by-step explanation:

3 0
3 years ago
Can someone please help me with this, it’s urgent!!
olga nikolaevna [1]

Answer:

B n D

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Every 100th hamburger is checked to determine its fat content.
-BARSIC- [3]

Answer:

E. cluster

Step-by-step explanation:

hope that helps.

5 0
3 years ago
Read 2 more answers
Other questions:
  • 640 miles in 25 hours find the unit rate
    10·1 answer
  • What are the LCM of 24 and 30?
    13·2 answers
  • Round 415,203 to the thousands place
    15·2 answers
  • PLEASEEEEEEEEEEE HELLLLLPPPPPP
    11·1 answer
  • PLEASE HELP 50 POINTS
    10·2 answers
  • Is this right?? we are learning ‘applying systems of equations’
    10·1 answer
  • The volume of a sphere is 1,476pi meters cubed what is the surface area ? directions please
    13·2 answers
  • The set of all points in the coordinate plane whose coordinates
    7·1 answer
  • Jorge has a loan of $25,230. This loan
    6·1 answer
  • What is the 34th term of this sequence? -4, 3, 10, 17, 24
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!