The amount Howie need to pay back at the end of one year, including the interest is $26,000
Given:
Interest rate = 4%
Cost of car = $25,000
Time = 1 year
<em>Amount of interest</em> = Principal × Rate × Time
= 25,000 × 4% × 1
= 25,000 × 0.04 × 1
= $1,000
<em>Amount to be paid </em>= Amount of interest + Cost of car
= 1,000 + 25,000
= $26,000
Therefore, the amount Howie need to pay back at the end of one year, including the interest is $26,000
Learn more about interest rate:
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Answer:
no
Step-by-step explanation:
Answer:
0.624
Step-by-step explanation:
Number who have run a red light = 315
Number who haven't run a red light = 190
From the data :
The total number of people sampled = total possible outcome = (315 + 190) = 505
Selecting a person at random, probability that the selected person has run a red light :
P = required outcome / Total possible outcomes
Required outcome = Number who have run a red light = 315
P(having run a red light) = 315 / 505 = 0.624
Answer:
-5
Step-by-step explanation:
2 - 1 = 1
5 - 10 = -5
-5 divided by 1 = -5
