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Bogdan [553]
3 years ago
10

Sam really wanted to buy a car, but did not have the money at the moment. He was talking to the salesman and they said that he c

ould get him a loan for the car for $30,000 on a 11.41% per year interest rate compounded continuously. He wanted to spend his money on other things so he held off on paying down the balance of the loan for a while. 1. What was the loan balance 3 months in? 2. Sam has a take home pay of $40,000 a year. What percentage of his take home pay is the interest on the loan in his first year?
Mathematics
1 answer:
wolverine [178]3 years ago
8 0

Answer:

1) $30,821  ( loan balance after 3 months in )

2) 8.56%

Step-by-step explanation:

Final Amount of  compound interest: A  = P ( 1 + i ) ^ n

p = principal = $30,000

r = interest rate = 11.41% = 0.1141

n = number of years

1) Loan balance after 3 months

n = 3/12 = 0.25 years

A = 30,000 ( 1 + 0.1141 ) ^ 0.25

   = $30,821  ( loan balance after 3 months in )

2) Loan Balance after 1 year

A = 30,000 ( 1 + 0.1141 ) ^ 1

  =  $33423

interest on loan = 33423 - 30,000 = $3423

percentage of $40,000 is $3423

= 3423 / 40,000 * 100

= 8.56%

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krok68 [10]

The perimeter of the triangle is: (9.5n - 11.6p - 3.5q) cm.

<h3>What is the Perimeter of a Triangle?</h3>

The total length of all the sides of a triangle is equal to the perimeter of the triangle.

Given a triangle has the following lengths:

  • (2.9n-7.8p) centimeters,
  • (6.6n-6.4q) centimeters,
  • (2.9q-3.8p) centimeters.

The perimeter of the triangle = (2.9n-7.8p) + (6.6n-6.4q) + (2.9q-3.8p)

The perimeter of the triangle = 2.9n - 7.8p + 6.6n - 6.4q + 2.9q - 3.8p

Combine like terms together

The perimeter of the triangle = 2.9n + 6.6n - 7.8p - 3.8p - 6.4q + 2.9q

The perimeter of the triangle = 9.5n - 11.6p - 3.5q

Thus, the perimeter of the triangle is: (9.5n - 11.6p - 3.5q) cm.

Learn more about the perimeter of the triangle on:

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4 0
2 years ago
The angles below are supplementary. What is the value of x?<br><br><br> 5<br> 7.5<br> 15<br> 30
OLEGan [10]

Answer:

x=30

Step-by-step explanation:

The two angles are supplementary.  They add to 180

4x+20 + 40 =180

Combine like terms

4x+60 =180

Subtract 60 from each side

4x+60-60 = 180-60

4x = 120

Divide each side by 4

4x/4 = 120/4

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3 years ago
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Please help Which of the following inequalities is graphed on the coordinate plane?
Gekata [30.6K]

Answer:

The inequality which represents the graph is y ≤ -2x + 1 ⇒ A

Step-by-step explanation:

To solve the question you must know some facts about inequalities

  • If the sign of inequality is ≥ or ≤, then it represents graphically by a solid line
  • If the sign of inequality is > or <, then it represents graphically by a dashed line
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Let us study the graph and find the correct answer

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3 years ago
You are in charge of purchases at the student-run used-book supply program at your college, and you must decide how many introdu
mariarad [96]

Answer:

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Any other use of units of shelf space will reduce profit.

7 0
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