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
sp2606 [1]
3 years ago
12

Annie would like to take out a loan to put a new playground in her yard for her kids. She offers her car which is worth $7,800 a

s collateral. The loan officer at the bank is permitted to loan Annie 92% of the value of her collateral. How much will Annie be able to borrow for the playground using her car as collateral?
a.

$7,708.00
b.

$7,176.00
c.

$7,800.00
d.

$8,478.26
Mathematics
2 answers:
Nonamiya [84]3 years ago
7 0

Answer:

7,176.00

Step-by-step explanation:

qwelly [4]3 years ago
3 0

Answer:

<em>Annie will be able to borrow</em><em> $ 7,716.00 </em>for the playground using her car a collateral (option b).


Explanation:


Interpretation of the problem:<em> to take out a loan to put a new playground in her yard for her kids, Annie offers her car which is worth $ 7,800 as collateral.</em> Since <em>the loan officer at the bank is permitted to loan Annie 92% of the value of her collateral</em>, in order to know <em>how much Annie will be able to borrow</em>, you must use<em> </em>percentage calculations.


Percent is a definition: percent is the ratio of an amount with respect to one hundreed. The mathematical expressions derived from that definition is:

  • Percent, % = (amount / base) × 100

In this case, the percent that <em>the officer is permitted to loan</em> is known, <em>92%</em>, the amount to <em>borrow</em> is unknown (x), and the base is the <em>value of her car </em>(<em>the collateral</em>), <em>$ 7,800</em>, which leads to the following equation:

  • 92 = (x / 7,800)×100

Now, you can solve for x:

  • x = 7,800 × 92/100 = 7,800 × 0.92 = 7,176.00

In conclusion, <em>Annie will be able to borrow $ 7,716.00 for the playground using her car as collateral</em>.

You might be interested in
Functions
Illusion [34]
I’m not sure but maybe true
3 0
3 years ago
1 4/5 lbs into ounces
AURORKA [14]
1 4/5lbs is equal to 28.8oz
7 0
3 years ago
Read 2 more answers
I need help with number 20 please ​
Doss [256]

Answer:

3 = 92 degree 4 = 88 degree

Step-by-step explanation:

3 = 45 + 47 = 92 degree

4 = 180 - 92 = 88 degree

5 0
3 years ago
Read 2 more answers
Which statement follows from the given theorem? Theorem: The diagonal of a parallelogram divides it into two congruent triangles
777dan777 [17]

Answer with explanation:

Theorem : The diagonal of a parallelogram divides it into two congruent triangles.

Properties of parallelogram

1. Opposite sides are equal and parallel.

2. Diagonal bisect each other.

3. Opposite Angles are equal.

If you will look at the first three options

A:  Diagonals of a parallelogram bisect opposite angles.→→False(Alternate angles are equal)

B: Consecutive sides of a parallelogram are congruent.→→→False(Opposite sides are congruent)

C: Consecutive angles of a parallelogram are congruent.→→→False(Opposite angles are congruent)

D: Consecutive angles of a parallelogram are supplementary.→→→→True

For,any parallelogram, having vertices , A, B and C and D

Opposite sides are parallel, so

1.∠A + ∠B=180°

2.∠C + ∠B=180°

3.∠C+ ∠D=180°

4. ∠A + ∠D=180°

Option D

6 0
3 years ago
What is f(x) = x2 – 8x 11 written in vertex form? f(x) = (x – 4)2 – 5 f(x) = (x – 4)2 5 f(x) = (x 4)2 – 27 f(x) = (x 4)2 27?
ioda
Y= (x - 4) ^2 -5 you are welcome :)
3 0
3 years ago
Read 2 more answers
Other questions:
  • Create three different drawings showing a number of rectangles and circles in which the ratio of rectangles to circles is 3:1.
    13·1 answer
  • 56% of the kittens at the Richmond animal shelter are male, while 62 out of 110 kittens at the Warren animal shelter are male. W
    10·2 answers
  • Five friends share 3 bags of trail mix equally. what faction of a bag of trailmix does each friend get?
    5·1 answer
  • A quality-control plan calls for accepting a large lot of crankshaft bearings if a sample of seven is drawn and none are defecti
    10·1 answer
  • HELP ME PLZZ I NEED HELP WITH THIS
    10·1 answer
  • A petri dish of bacteria grow continuously at a rate of 200% each day. If the petri dish began
    13·1 answer
  • Fast I’m taking a test plz help
    7·2 answers
  • No trolls pls help asap!!
    6·1 answer
  • Help me please will give brainliest <br> (has picture)
    15·2 answers
  • V=2/3 ayuda porfavooooor
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!