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victus00 [196]
3 years ago
15

If $10,500 is borrowed for 5 years at an annual simple interest rate of 1.73%, how much interest will be paid if the entire loan

is paid off at the end of the fifth year? Enter the answer in dollars and cents, and round to the nearest cent, if needed. Do not include the dollar sign. For example, if the answer is $0.61, only the number 0.61 should be entered.
Mathematics
1 answer:
Anvisha [2.4K]3 years ago
5 0

Answer:

Step-by-step explanation:

So, yearly $2100 is paid, plus the 1.73% interest, so 1.73% interest is $2136.33every year interest stacks on itself so youll take 1.73% of the year 1 total with interest.  

Year 1 total: $2136.33

Year 2 total:$2173.29

Year 3 total:$2210.89

Year 4 total:$2249.14

Year 5 total:$2288.05

Total Paid After 5 years:$11057.70

Year 1 total interest:$36.33

Year 2 total interest:$36.96Year 3 total interest:$37.60Year 4 total interest:$38.25Year 5 total interest:$38.91

Total Interest paid after 5 years:$188.05

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5 Points
deff fn [24]

Answer:

D. A rectangle and an isosceles triangle

Step-by-step explanation:

In the figure attached, the sign is shown. There we can see an arrow, which can be decomposed into a rectangle (on the left of the figure) and an isosceles triangle  (on the right of the figure)

7 0
3 years ago
Subtract. –5.8 – (–8.4) A. –14.2 B. –2.6 C. 2.6 D. 14.2
svp [43]
-5.8 - (-8.4)

When we multiply two negatives they become a positive. In this situation, where there is no other number, you can assume there's basically a 1 in that place. 

-5.8 - 1(-8.4) would be just as correct. (If this helps visually clarify anything.)

So we take that -1 and multiply it by that -8.4. Multiplying 1 against anything leaves it the same, so we just need to change the sign. Two negatives make a positive. 

-5.8 + 8.4

Now we add these together.

This gives us our final answer of 2.6
6 0
3 years ago
Read 2 more answers
1
Marianna [84]

Answer:

  B. {16, 19, 20}

Step-by-step explanation:

The <em>triangle inequality</em> requires for any sides a, b, c you must have ...

  a + b > c

  b + c > a

  c + a > b

The net result of those requirements are ...

  • the sum of the two shortest sides must be greater than the longest side
  • the length of the third side lies between the difference and sum of the other two sides

__

If we look at the offered side length choices, we see ...

  A: 8+11 = 19 . . . not > 19; not a triangle

  B: 16+19 = 35 > 20; could be a triangle

  C: 3+4 = 7 . . . not > 8; not a triangle

  D: 5+5 = 10 . . . not > 11; not a triangle

The side lengths {16, 19, 20} could represent the sides of a triangle.

_____

<em>Additional comment</em>

The version of triangle inequality shown above ensures that a triangle will have non-zero area.

The alternative version of the triangle inequality uses ≥ instead of >. Triangles where a+b=c will look like a line segment--they will have zero area. Many authors disallow this case. (If it were allowed, then {8, 11, 19} would also be a "triangle.")

4 0
2 years ago
The price of a home is $120,000. The bank requires a 10% down payment and two points at the time of closing. The cost of the hom
rusak2 [61]

Answer:

The amount of the loan is $120,000 -10% + 2% = $110,400, assuming the "points" are added to the financed amount.

I find that the monthly payment will be

$848.89. There will be 360 such payments over 30 years, for a total payment amount of $30The amount of the loan is $120,000 -10% + 2% = $110,400, assuming the "points" are added to the financed amount.

R = Pi/[1 - (1+i)^(-n)] where

P = 110,400

R = the monthly payment

i = 8.5/[100(12)] = .007083...

n = 30(12) = 360 yielding

R = $848.88 per month.

Therefore, the total interest paid is 360(848.88) - 100,400.

5,600. Subtract the original principle (110,400) from that to get the interest paid.

hopes this helps :]

4 0
2 years ago
In 3x² - x + 5 = 0, what is the quadratic term
Anastaziya [24]

Step-by-step explanation:

Quadratic term = Coefficient of x^2 term = 3.

6 0
3 years ago
Read 2 more answers
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