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expeople1 [14]
3 years ago
7

Jean Claude took out a $3,500 installment loan at 11% for 12 months. His monthly payments were $309.34. After seven payments, th

e balance due was $1,505.04. If Jean pays off the loan with the eighth payment, how much will he save?
Mathematics
2 answers:
BigorU [14]3 years ago
8 0

Answer:

Jean saved $27.84.

Step-by-step explanation:

Here p = 3500

r = 11%

time = 12 months

Monthly payment = $309.34

Now, I have solved this question using excel.

You can see in the sheet, that the highlighted amount of $212.03 was the intended interest if it was paid for full 12 months.

But as given that Jean paid off the loan with 8th payment, that means he saved interest of 9th, 10th, 11th and 12th months.

These add up to :  11.09+8.35+5.59+2.81 =27.84 dollars

Therefore, Jean saved $27.84.

Download xlsx
bezimeni [28]3 years ago
5 0
$27.86 is the answer
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The answer would be 6 weeks.

First, you do 44 divided by 4 to get 11 kg per week. Now you divide 66 by 11 to get 6 weeks.
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2 years ago
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69

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3 years ago
How many variable terms are in the expression 3x3y + 5x2 − 4y + z + 9? (Input a numeric value only.)
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4

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A variable term is a mathematical term in which a variable is by itself or is connected to a coefficient(s).

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2 years ago
I need a real answer to this problem and if you can't answer then please don't answer this. Just give me the answer for the blan
Harlamova29_29 [7]
  1. To divide the triangles into these regions, you should construct the <u>perpendicular bisector</u> of each segment.
  2. These perpendicular bisectors intersect and divide each triangle into three regions.
  3. The points in each region are those closest to the vertex in that <u>region</u>.

<h3>What is a triangle?</h3>

A triangle can be defined as a two-dimensional geometric shape that comprises three (3) sides, three (3) vertices and three (3) angles only.

<h3>What is a line segment?</h3>

A line segment can be defined as the part of a line in a geometric figure such as a triangle, circle, quadrilateral, etc., that is bounded by two (2) distinct points and it typically has a fixed length.

<h3>What is a perpendicular bisector?</h3>

A perpendicular bisector can be defined as a type of line that bisects (divides) a line segment exactly into two (2) halves and forms an angle of 90 degrees at the point of intersection.

In this scenario, we can reasonably infer that to divide the triangles into these regions, you should construct the <u>perpendicular bisector</u> of each segment. These perpendicular bisectors intersect and divide each triangle into three regions. The points in each region are those closest to the vertex in that <u>region</u>.

Read more on perpendicular bisectors here: brainly.com/question/27948960

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1 year ago
A vending machine operator has determined that the number of candy bars sold per week by a certain machine is a random variable
docker41 [41]

Answer:

The answer is below

Step-by-step explanation:

Let Y represent the profit per day, and x represent the number of bar sold per day. Hence:

Y = 0.25x - 2

a) The mean is given as:

\mu_y=E(Y)=E(0.25X-2) = 0.25E(X)-2\\\\But\ E(X)=mean\ of\ machine=125. Hence:\\\\E(Y)=0.25(125)-2=29.25\\\\E(Y)=\$29.25

b) The standard deviation of y is:

\sigma_y=var(0.25X-2)\\\\\sigma_y=0.25\sigma(X)\\\\but\ \sigma_X=7,hence:\\\\\sigma_y=0.25(7)=1.75\\\\\sigma_y=\$1.75

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2 years ago
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