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mel-nik [20]
3 years ago
8

Scott took out a 72 month loan for $35,000 to purchase a new boat. If Scott paid $8,925 in simple interest, what was the interes

t rate?
Mathematics
2 answers:
diamong [38]3 years ago
6 0

Answer:

Option 4.7% = 3,500 x 4.7% =$164.50 simple annual interest.

82.25 this is what Scott will pay in 6 months at simple interest.

 

Option 4.2% =3,500 x (1 +0.042/12)^6 =3,500 x 1.0035^6=$3,574.15.

3,500 =$74.15 this is what Scott will pay in 6 months at compounded interest.

 

The compound option is cheaper by: 74.15 =$8.10.

IRINA_888 [86]3 years ago
5 0

Answer: 4.75

Step-by-step explanation:

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Predict the change in the graph from f(x) to g(x). Then graph both lines to check your prediction.
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Photo has everything you need

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Line segment ab has endpoints a(9, 3) and b(2, 6). find the coordinates of the point that divides the line segment directed from
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When we are to divide the line segment such that the ratio is 1:2, there are actually 3 parts of the segment. First, we determine the distance between the coordinates and divide the distance by 3. Then, we add the quotient to the x-coordinate.

x-coordinate:    (2 - 9) / 3 = -7/3
y-coordinate:    (6 - 3 ) / 3 = 1

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3 years ago
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Nataly_w [17]

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G 13

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7 0
3 years ago
, Ohio in 1990, the number of residents has decreased by 5% every 5 years. In 1990, there were 182,000 residents in Dayton, Ohio
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Step-by-step explanation:

First thing we need to do here is calculate the number of 5 years between 2020 and 1990

That would be 2020-1990 = 30/5 = 6

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P = I(1-r)^n

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r is the percentage decrease every 5 years which is 5% or simply 5/100 = 0.05

n is the number of 5 years between 1990 and 2020 which is 6

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P = 133,786.724

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