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
saul85 [17]
4 years ago
12

PLEASE HELP the formula m=12,000+12,000rt/12t gives keri's monthly loan payment where t is the annual interest rate and t is the

length of the loan, in years. Keri decideds that she can afoord at most a $275
Mathematics
1 answer:
tatiyna4 years ago
3 0

Answer:

The answer is below

Step-by-step explanation:

The formula m = (12,000 + 12,000rt)/12t gives Keri's monthly loan payment, where r is the annual interest rate and t is the length of the loan, in years. Keri decides that she can afford, at most, a $275 monthly car payment. Give an example of an interest rate greater than 0% and a loan length that would result in a car payment Keri could afford. Provide support for your answer.

Answer: Let us assume an annual interest rate (r) = 10% = 0.1. The maximum monthly payment (m) Keri can afford is $275. i.e. m ≤ $275. Using the monthly loan payment formula, we can calculate a loan length that would result in a car payment Keri could afford.

m=\frac{12000+12000rt}{12t}\\ but\ m\leq275, \ and \ r=10\%=0.1\\275= \frac{12000+12000(0.1)t}{12t}\\275= \frac{12000}{12t} +\frac{12000(0.1)}{12t}\\275= \frac{1000}{t} + 100\\275-100= \frac{1000}{t} \\175= \frac{1000}{t} \\175t = 1000\\t= \frac{1000}{175}\\ t=5.72\ years

The loan must be at least for 5.72 years for an annual interest rate (r) of 10%

You might be interested in
The grades for class are as follows: 10 A's, 8 B's, 6 C's, 5 D's What percent received an A? (round to the nearest whole )
boyakko [2]

Answer:

34.5

Step-by-step explanation:

Add up all the numbers. 10+8+6+5=29. Then divide 29 by 100. Then multiply 10x What you got from 100/29. Sorry if thats confusing hope that helps!

5 0
3 years ago
What is the recursive rule for the sequence?
Marrrta [24]

The next term is 1.4 larger than the one before it, so the appropriate choice is

a_{n}=a_{n-1}+1.4 \quad\mbox{where}\ a_{1}=1.4

_____

However, the description

a_{n}=a_{n+1}-1.4 \quad\mbox{where}\ a_{1}=1.4

also correctly describes the relationship between a1 and a2, for example. While this equation is technically correct, it is less useful to work with, so is probably not the expected answer.

4 0
3 years ago
28+12<br> —————<br> 13-5<br> 7th Grade Math Book (McGraw-Hill) page 9 exercise 26
LiRa [457]
28+12 is 40 and 13-5 is 8 !!
4 0
3 years ago
Read 2 more answers
Graph the line for y+1=−35(x−4) on a coordinate plane.
Tems11 [23]
<span>Graph the line for y+1=−35(x−4) on a coordinate plane. See attachment for your Answer.</span>

5 0
3 years ago
On Monday morning the temperature was 38°F, but by the afternoon the temperature had risen 22°F. On Tuesday morning the temperat
kramer
The temperature on Tuesday afternoon is below 38 degrees Fahrenheit. As it states in the question the temperature on Tuesday morning was 27 degrees Fahrenheit and rose 10 more degrees at noon. Which makes is 37 degrees Fahrenheit at noon on Tuesday. You get this by taking 27 degrees and adding 10 degrees.  
7 0
3 years ago
Read 2 more answers
Other questions:
  • Yvette has 336 eggs to put into cartons. She puts one dozen eggs into each carton. How man y cartons does she fill?
    9·1 answer
  • Which of the following can be used to find the
    6·1 answer
  • Area of a rectangle and the area of a circle are equal. If the dimensions of the rectangle are 14cm × 11 cm. Find the radius of
    12·1 answer
  • Decide whether the relation defined by the graph to the right defines a function, and give the domain and range.
    7·2 answers
  • Devon uses the equation c = 9.75 to determine the total cost in dollars, c for t tickets to the fair. Decide if each statement a
    5·1 answer
  • Calculate the following speed Distance of 20 meters, time is 2 seconds.
    7·2 answers
  • Can somebody help me please?!!
    10·1 answer
  • Please answer the question below ​
    9·1 answer
  • (b) A train of length 120 m is travelling at 144km/h.
    8·1 answer
  • Please help me out on this math problem!! :) Will give brainliest!
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!