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Ivenika [448]
3 years ago
9

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

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I would start by converting everything into decimal, as it makes it a LOT easier to understand. So, you should be able use a calculator to convert the square roots and fractions into decimal. Let's start. Square root 12 is equivalent to 3.46 (to 2 decimal places) Square root 9 is 3 (you should know that because 3 × 3 = 9) 12 is already in decimal so it's just 12 3.56, 4.03 and 4.2 are also in decimal so you leave them Square root 17 is 4.12 (to 2 decimal places) Square root 2 is 1.41 (also 2 decimal places) 1/2 is the same as 0.5 (once again, you should know that) And 3/2 is the same as 3 ÷ 2, which is 1.5. So in order of least to greatest, it's: 1/2, square root of 2, 3/2, square root of 9, square root of 12, 3.56, 4.03, square root of 17. 4.2 and finally 12. Hope this helps :)
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If Michelle walked walked 5 meters, how many inches did she walk?
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Of the two production methods, a company wants to identify the method with the smaller population mean completion time. One samp
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Answer:

a) matched samples.

Step-by-step explanation:

Matched samples (also known as matched pairs, paired samples or dependent samples) are those samples which can be matched in pairs for one set of item and the sample data are not independent of each other. The pairs don’t have to be different people, it could be the same individuals at different time or tested on different activities for example

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