All categories

3 years ago

What is the amount of interest that Sam will pay on his $5000 loan if his monthly payment for three years is 150

Mathematics

1 answer:

Ne4ueva [31]3 years ago

8 0

Answer:

Amount of interest pay by Sam = $400

Step-by-step explanation:

Given:

Amount of loan taken by Sam = $5,000

Monthly payment made by Sam = $150

Number of year payment made by Sam = 3 Year

Find:

Amount of interest pay by Sam

Computation:

Total amount pay by Sam in 3 year = Monthly payment made by Sam x 12 x 3

Total amount pay by Sam in 3 year = 150 x 12 x 3

Total amount pay by Sam in 3 year = $5,400

Amount of interest pay by Sam = Total amount pay by Sam in 3 year - Amount of loan taken by Sam

Amount of interest pay by Sam = $5,400 - $5,000

Amount of interest pay by Sam = $400

You might be interested in

X +5/9x=2{3-x} How do i solve it

Leona [35]

Answer:

x = 27/16

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets
Parenthesis
Exponents
Multiplication
Division
Addition
Subtraction

Left to Right

Equality Properties

Step-by-step explanation:

Step 1: Define equation

x + 5/9x = 2(3 - x)

Step 2: Solve for x

Distribute 2: x + 5/9x = 6 - 2x
Combine like terms: 14/9x = 6 - 2x
Add 2x on both sides: 32/9x = 6
Divide 32/9 on both sides: x = 27/16

Step 3: Check

Plug in x into the original equation to verify it's a solution.

Substitute in x: 27/16 + 5/9(27/16) = 2(3 - 27/16)
Multiply: 27/16 + 15/16 = 2(3 - 27/16)
Subtract: 27/16 + 15/16 = 2(21/16)
Multiply: 27/16 + 15/16 = 21/8
Add: 21/8 = 21/8

Here we see that 21/8 does indeed equal 21/8.

∴ x = 27/16 is a solution to the equation.

5 0

3 years ago

What is 1+13+2 pls answer for points

Gwar [14]

Answer:

Step-by-step explanation:

5 0

4 years ago

Read 2 more answers

2.5+0.15p=0.4p what value of p makes the equation true?

kykrilka [37]

Answer:

x=10

Step-by-step explanation:

Rearrange to get p on one side

2.5=0.4p-0.15p

2.5=0.25p

Divide both sides by 0.25

2.5/0.25=x

x=10

5 0

3 years ago

Read 2 more answers

A(1)=-13 A(n)=a(n-1)+4 Find the 2nd term

Agata [3.3K]

Answer:

- 9

Step-by-step explanation:

Substitute n = 2 into the recursive formula, that is

A(2) = A(1) + 4 = - 13 + 4 = - 9

4 0

4 years ago

One less than a positive number times three more than that number is 32. find the number.

Elenna [48]

n=5

Proof:

(n-1)(n+3)=32 Now, substitute n with 5
(5-1)(5+3)
(4)(8)
=32

8 0

3 years ago