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]
3 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:
tatiyna3 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
Can someone please answer this question
aniked [119]
Option "D" would be your answer.

- KJ, JL, LK
7 0
3 years ago
Read 2 more answers
Alan sells beaded necklaces. Each large necklace sells for $5.70 and each small necklace sells for $5.10. How much will he earn
inysia [295]
Alan will make $28.50 from 5 large necklaces and $15.30 from 3 small necklaces. $43.80 in total :)
6 0
3 years ago
Read 2 more answers
the trucking company also needs to deliver 1 2/3 tons of oak logs and 1 7/12 tons of maple logs. Which load weighs more?
bekas [8.4K]
Oak logs
1 2/3= 20/12
1 7/12= 19/12
5 0
3 years ago
How many eggs are there in 3 5/6 dozen?
uranmaximum [27]

Answer:

check your eggs

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
The sum of all prime factors of 100 is
Taya2010 [7]

Answer:

14

Step-by-step explanation:

prime factorization of 100

100 =  2 * 2 * 5 * 5

Sum of all prime factors

2 + 2 + 5 + 5  = 14

-------------------------

Extra credit

Sum of unique prime factors

2 + 5 = 7

8 0
2 years ago
Other questions:
  • Help me please And thank you
    7·2 answers
  • When constructing an inscribed equilateral triangle, how many arcs will be drawn on the circle?
    9·2 answers
  • Factor 7x3 - 28x2 + 3x - 12
    10·1 answer
  • You have decided to walk in a long-distance race. There are two teams that you can join. Team A walks at a constant rate of 2.5
    9·1 answer
  • The formula for the perimeter of a rectangle is 2(1 + w), where
    10·2 answers
  • The graph of the following system of equations is
    8·2 answers
  • Which graph represents this system?<br> 3x+2y=-6<br> y=-x+2<br> 2
    9·1 answer
  • Find the number of paths from A to B. (Each step can only go up or to the right.)
    15·1 answer
  • Show that the statement is true. If ST has endpoints S(-6, -3) and T(0,3), then the midpoint M of ST lies
    15·1 answer
  • I need help on this question!
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!