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elena55 [62]
2 years ago
15

Your credit card has a balance of $3300 and an annual interest rate of 14%. You decided to pay off the balance over two years. I

f there are no further purchases charged to the card, you must pay $158.40 each month, and you will pay a total interest of $501.60. Assume you decided to pay off the balance over one year rather than two. How much more must you pay each month and how much less will you pay in total interest?
Mathematics
1 answer:
NARA [144]2 years ago
3 0

9514 1404 393

Answer:

  • $137.90 more each month
  • $246.00 less total interest

Step-by-step explanation:

The amortization formula is ...

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

for the monthly payment on principal P at annual rate r for t years. Here, we have P=3300, r = 0.14, and t=1, so the monthly payment is ...

  A = $3300(0.14/12)/(1 -(1 +0.14/12)^-12) ≈ $296.30

The payment of $296.30 is ...

  $295.30 -158.40 = $137.90 . . . more each month

The total amount paid is 12×$296.30 = $3555.60, so 255.60 in interest. This amount is ...

  $501.60 -255.60 = $246.00 . . . less total interest

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In right ABC, AN is the altitude to the hypotenuse. FindBN, AN, and AC,if AB =2 5 in, and NC= 1 in.
Rama09 [41]

From the statement of the problem, we have:

• a right triangle △ABC,

,

• the altitude to the hypotenuse is denoted AN,

,

• AB = 2√5 in,

,

• NC = 1 in.

Using the data above, we draw the following diagram:

We must compute BN, AN and AC.

To solve this problem, we will use Pitagoras Theorem, which states that:

h^2=a^2+b^2\text{.}

Where h is the hypotenuse, a and b the sides of a right triangle.

(I) From the picture, we see that we have two sub right triangles:

1) △ANC with sides:

• h = AC,

,

• a = ,NC = 1,,

,

• b = NA.

2) △ANB with sides:

• h = ,AB = 2√5,,

,

• a = BN,

,

• b = NA,

Replacing the data of the triangles in Pitagoras, Theorem, we get the following equations:

\begin{cases}AC^2=1^2+NA^2, \\ (2\sqrt[]{5})^2=BN^2+NA^2\text{.}\end{cases}\Rightarrow\begin{cases}NA^2=AC^2-1, \\ NA^2=20-BN^2\text{.}\end{cases}

Equalling the last two equations, we have:

\begin{gathered} AC^2-1=20-BN^2.^{} \\ AC^2=21-BN^2\text{.} \end{gathered}

(II) To find the values of AC and BN we need another equation. We find that equation applying the Pigatoras Theorem to the sides of the bigger right triangle:

3) △ABC has sides:

• h = BC = ,BN + 1,,

,

• a = AC,

,

• b = ,AB = 2√5,,

Replacing these data in Pitagoras Theorem, we have:

\begin{gathered} \mleft(BN+1\mright)^2=(2\sqrt[]{5})^2+AC^2 \\ (BN+1)^2=20+AC^2, \\ AC^2=(BN+1)^2-20. \end{gathered}

Equalling the last equation to the one from (I), we have:

\begin{gathered} 21-BN^2=(BN+1)^2-20, \\ 21-BN^2=BN^2+2BN+1-20 \\ 2BN^2+2BN-40=0, \\ BN^2+BN-20=0. \end{gathered}

(III) Solving for BN the last quadratic equation, we get two values:

\begin{gathered} BN=4, \\ BN=-5. \end{gathered}

Because BN is a length, we must discard the negative value. So we have:

BN=4.

Replacing this value in the equation for AC, we get:

\begin{gathered} AC^2=21-4^2, \\ AC^2=5, \\ AC=\sqrt[]{5}. \end{gathered}

Finally, replacing the value of AC in the equation of NA, we get:

\begin{gathered} NA^2=(\sqrt[]{5})^2-1, \\ NA^2=5-1, \\ NA=\sqrt[]{4}, \\ AN=NA=2. \end{gathered}

Answers

The lengths of the sides are:

• BN = 4 in,

,

• AN = 2 in,

,

• AC = √5 in.

7 0
1 year ago
Which graph shows the rule: output = 5 times the input ? explain please!!
kolezko [41]
The 2nd graph show the rule
6 0
3 years ago
Find an expression which represents the difference when (-4x-2) is subtracted from (-8x+3) in simplest terms.
g100num [7]

Answer:

for problem 1: -4 x -2 = -6

for problem 2: -8x +3 = -11x

Step-by-step explanation:

I hope it helped

brainlest please

7 0
2 years ago
Read 2 more answers
Solve each equation by graphing. round to the nearest tenth.2x^2+5=11x
Lesechka [4]

Answer:

7

Step-by-step explanation:7

7 0
2 years ago
Y=-0.72x + 7.7<br> Find y when x = 3.5.
OLEGan [10]

Answer:

y = 5.18

Step-by-step explanation:

replace x in the equation with 3.5

y = -0.72x + 7.7

y = -0.72(3.5) + 7.7

y = -2.52 + 7.7

y = 5.18

7 0
2 years ago
Read 2 more answers
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