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
dlinn [17]
3 years ago
11

Greg borrows $1975 at a simple interest rate of 5% for 3 years. Linda borrows $1975 at a simple interest rate of 4.5% for years.

Who pays more interest at the end of their loan? How much more
Mathematics
1 answer:
weqwewe [10]3 years ago
5 0

Answer:

Greg pays more interest than Linda

He pays $17.45 more

Step-by-step explanation:

Greg

P=$1975

R=5%=0.05

T=3 years

Simple interest=P×R×T

=$1975×0.05×3

=$296.25

Linda

P=$1975

r=4.5%=0.045

n=1

t=3

Linda's Interest is compounded once per period, so we this formula

Compound Interest =P(1+r)^t

=$1975(1+0.045)^3

=$1975(1.045)^3

=$1975(1.141166125)

=$2,253.80

Interest paid=$2,253.80-$1975

=$278.8

You might be interested in
What is the vertical shift for the absolute value function <br> F(x)=9[x+1]+2
LenaWriter [7]

Answer:

shifted up 11 units

Step-by-step explanation:

F(0)=11

3 0
3 years ago
Given that S = TR and OP = 10, find the diameter of OT. Round the answer to the hundredths place.
Sonbull [250]
The answer to this question is c
6 0
3 years ago
Read 2 more answers
Please help this is going to be due soon it’s a test
grandymaker [24]

Answer:

You are not allowed to use brainly for tests.. it is agianst their rules..

Step-by-step explanation:

8 0
3 years ago
R - 17.1 = -4.8
denis-greek [22]

<u><em>Answer: r=12.3 *The answer must have a  positive sign or decimal point.*</em></u>

Explanation:

First, you had to do is add 17.1 from both sides of an equation.

r-17.1+17.1=-4.8+17.1

And then, simplify by equation.

17.1+-4.8=12.3

You can also add by the numbers.

12.3+4.8=17.1

r=12.3

Hope this helps!


7 0
3 years ago
Today, Noah swam 1 mile at swim practice and Liam sprinted 880 yards at track practice. How many more yards did Noah travel duri
Elanso [62]
First convert both distances to the same unit. 1 mile is 5280 feet or 1760 yards. Subtract 1760-880 and get 880 yards. Noah swam 880 yards further than Liam ran.
6 0
3 years ago
Other questions:
  • 1 metel sheet is 1.2 mm thick
    12·1 answer
  • Which month has the highest temperature
    8·1 answer
  • What timestables equal 17?
    14·2 answers
  • A single die is rolled 100 times. list the probabilities below from least to greatest. p(odd), p(&gt;4), p(prime), p(8)
    11·1 answer
  • I’ll give you 10 points if you can answer this question
    14·1 answer
  • Find x. Round your answer to the nearest tenth. BRANLIEST ASAP TY!!​
    7·2 answers
  • #3 please. Thank you
    10·1 answer
  • If you spend two hours playing sports after school, what percent of your day is devoted to sports? Use 24 hours as the length of
    8·2 answers
  • . Gemma plans to run 5 miles her first week and increase the amount she runs each week by 20% Which of the following is closest
    10·1 answer
  • Suppose 4y – 1 = 15 and y = 5x – 3.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!