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2 years ago

You purchase a car using a $20,000 loan with a 5% simple interest rate.

1 answer:

3 0

Simple interest = Cost Price + (Interest Percentage of Cost Price × number of years or months we are paying off)

a) SI = £20 000 + (5% of £20 000 × 4)
SI = £20 000 + (£1000 × 4)
SI = £20 000 + £4000 = £24 000

b) SI = £20 000 + (5% of £20 000 × 3)
SI = £20 000 + (£1000 × 3)
SI = £20 000 + £3000 = £23 000

£24 000 - £23 000 = £1000 that you saved!

You might be interested in

Write 42.638 in expanded form using fractions

stiks02 [169]

Answer:

Expanded form or expanded notation is a way of writing numbers to see the math value of individual digits. When numbers are separated into individual place values and decimal places they can also form a mathematical expression. 5,325 in expanded notation form is 5,000 + 300 + 20 + 5 = 5,325.

Step-by-step explanation:

6 0

2 years ago

Homer and Bart plan to buy one computer for $499.00 strictly for gaming

kati45 [8]

Answer:

Part A: T(x) = $49.99x + $499.00

Part B: $748.95

Part C: T(x) = $49.99x + $24.99y + $499.00

Part D: $773.93

Step-by-step explanation:

Part A:

Let x represent the amount of games bought. Let T(x) represent total cost.

T(x) = $49.99x + $499.00

Part B:

T(x) = $49.99(5) + $499.00

T(x) = $249.95 + $499.00

T(x) = $748.95

Part C:

Let y represent the amount of controllers bought.

T(x) = $49.99x + $24.99y + $499.00

Part D:

T(x) = $49.99(4) + $24.99(3) + $499.00

T(x) = $199.96‬ + $74.97 + $499.00

T(x) = $773.93

7 0

2 years ago

The store paid $2. 70 for a book and sold it for $6. 20. What is the profit as a percent?.

bogdanovich [222]

Answer:

profit = 129.63% (to the nearest hundredth) as a percent of the price the store paid for the book

Step-by-step explanation:

Use the percentage change formula:

percent change = [ (difference between the initial value and the final value) ÷ initial value] x 100

= [ (6.20 - 2.70) ÷ 2.70 ] x 100

= [ 3.5 ÷ 2.70 ] x 100

= 37/27 x 100

= 129.6296296...

= 129.63% (to the nearest hundredth)

5 0

1 year ago

Fan can clean the garage in 3 hours, but it takes Angie 4 hours to do the same. How long would it take for them to clean the gar

kupik [55]

Answer:

1 5/7 hours.

Step-by-step explanation:

1/3+1/4 = 7/12

1/7/12= 1.714 hrs

6 0

3 years ago

Multiply polynomials

Burka [1]

Answer -2x^4 - 2x^3 + 22x^2 - 30x + 12

Here's your solution

=> (2x^2 - 4x + 2) - (x^2 + 3x - 6)

=> (2x^2 - 4x + 2) -x^2 - 3x + 6

=> firstly multiple whole with -x^2

=> -x^2(2x^2 - 4x + 2) = -2x^4 + 4x^3 - 2x^2

=> now with -3x

=> -3x(2x^2 - 4x + 2) = -6x^3 +12x^2 -6x

=> with 6

=> 6(2x^2 - 4x + 2) = 12x^2 - 24x + 12

=> now add all terms

=> -2x^4 - 2x^3 + 22x^2 - 30x + 12

hope it helps and your day will be full of happiness ^_^

4 0

2 years ago