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natima [27]
2 years ago
5

DIC A student has a total of $3000 in student loans that will be paid with a 48-month installment loan with monthly payments of

$73.94. Determine the APR of the loan to the nearest one-half of a percent​
Mathematics
1 answer:
gtnhenbr [62]2 years ago
5 0

Answer:

The APR of the loan was 18.30%.

Step-by-step explanation:

Given that a student has a total of $ 3000 in student loans that will be paid with a 48-month installment loan with monthly payments of $ 73.94, to determine the APR of the loan to the nearest one-half of a percent the following calculation must be done:

3,000 = 100

(73.94 x 48) = X

3,000 = 100

3,549.12 = X

3,549.12 x 100 / 3,000 = X

354,912 / 3000 = X

118.30 = X

118.30 - 100 = 18.30

Therefore, the APR of the loan was 18.30%.

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The number of chairs on a ski lift is inversely proportional to the distance between them a lift has 70 chairs when there’s spac
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Answer:

Space between 80 evenly spaced chairs = 21m

Step-by-step explanation:

So, according to the given statement, we have the following expression:

No. of chairs ∝ \frac{1}{Distance.Between.chairs}

70 chairs are 24m apart, so it can be written as:

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For, 1 chair , we divide both sides by 70

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<u>For 80 chairs:</u>

Multiply both sides of <em>Equation.1</em> by 80

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So according to the above relation,

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Step-by-step explanation:

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3) solve this result for y:  (1/3)y = -x - 5, or -(x + 5).  Next, multiply both sides by                        3 to eliminate the fraction (1/3):  y = -3(x + 5)

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Step-by-step explanation:

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