The amount of extra interest that will be paid is $24300
Since Nellie took out a car loan for $45,000 payable for 6 years at an interest rate of 15%, the interest that she will pay will be:
= ($45000 × 6 × 15) / 100
= $40500
On the other hand, if she hasn't applied for bankruptcy, the amount that she will pay will be:
= ($45000 × 6 × 6) / 100
= $16200
Therefore, the difference between the interest will be:
= $40500 - $16200
= $24300
The correct option is $24300. The given options are incorrect.
Read related link on:
brainly.com/question/25052422
Answer:
≥ and ≤ will both be solid dots, as it includes the number
x ≥ -7 is everything greater than -7; x ≤ 4 is everything less than 4.
to include both, you'd click -7, drag right, and stop at 4
The effective rate is calculated in the following way:

where r is the effective annual rate, i the interest rate, and n the number of compounding periods per year (for example, 12 for monthly compounding).
our compounding period is 2 since the bank pays us semiannually(two times per year) and our interest rate is 8%
so lets plug in numbers:
Answer:
Average rate of change = 3
Step-by-step explanation:
- We know that the average rate of change is basically a measure of the slope of the secant line in the closed interval [a, b].
here a = -3 and b = 4
⇒ Average rate of change = f(b) - f(a) / b - a
= (27 - 6) / (4 - (-3))
= 21 / 7
= 3
Therefore, Average rate of change = 3
Answer:
b
Step-by-step explanation:
count two up, and 5 to the right