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NISA [10]
3 years ago
13

Mr. Jennings is shopping for a car loan. He wants to buy a car that costs $18,000. He plans to pay $5,000 in cash and get a loan

for the rest. If the annual interest rate on the loan is 5%, how much interest will he pay in the first year?
Mathematics
1 answer:
Ugo [173]3 years ago
3 0

Answer:

$650

Step-by-step explanation:

Interest = amount of the loan x interest rate x time

Amount of the loan = price of the car - cash payment

$18,000 - $5,000 = $13,000

interest rate = 5%

time = 1 year

$13,000 x 0.05 x 1 = $650

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4 years ago
Establish which of the following statements are true. (a) A sequence is convergent if and only if all of its subsequences are co
yawa3891 [41]

Answer:

Statement A - True.

Statement B - False.

Statement C - True.

Statement D - False.

Step-by-step explanation:

(a) A sequence is convergent if and only if all of its subsequences are convergent - this statement is correct.

(b) A sequence is bounded if and only if all of its subsequences are bounded - this statement is incorrect.

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8 0
3 years ago
How do I solve this equation 5x+7=3x-5
algol13

Answer:

x = -6

Step-by-step explanation:

Simplifying

5x + 7 = 3x + -5

Reorder the terms:

7 + 5x = 3x + -5

Reorder the terms:

7 + 5x = -5 + 3x

Solving

7 + 5x = -5 + 3x

Solving for variable 'x'.

Move all terms containing x to the left, all other terms to the right.

Add '-3x' to each side of the equation.

7 + 5x + -3x = -5 + 3x + -3x

Combine like terms: 5x + -3x = 2x

7 + 2x = -5 + 3x + -3x

Combine like terms: 3x + -3x = 0

7 + 2x = -5 + 0

7 + 2x = -5

Add '-7' to each side of the equation.

7 + -7 + 2x = -5 + -7

Combine like terms: 7 + -7 = 0

0 + 2x = -5 + -7

2x = -5 + -7

Combine like terms: -5 + -7 = -12

2x = -12

Divide each side by '2'.

x = -6

Simplifying

x = -6

6 0
4 years ago
Read 2 more answers
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