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joja [24]
3 years ago
13

Marsha deposited $5,500 into a savings account 3 years ago. The simple interest rate is 2%. How

Mathematics
1 answer:
Genrish500 [490]3 years ago
5 0

Answer:

the answer is 5,500,0.03,3,495 you’re welcome give me brainliest

Step-by-step explanation:

You might be interested in
Adam is buying a hot air balloon for 19,000 with a down payment of 5,000. The bank approved a simple interest flat rate loan for
Aneli [31]

The monthly loan payments are $350 ⇒ B

Step-by-step explanation:

Simple Interest formula (Principal + Interest)  is A = P(1 + rt)  where:

  • A is total accrued amount (principal + interest)
  • P is principal Amount
  • r is rate of interest per year in decimal
  • t is time period involved in months or years

Adam is buying a hot air balloon for 19,000 with a down payment of 5,000. The bank approved a simple interest flat rate loan for 5 years at 10%APR.

We need to find how much the monthly loan payments are

∵ Adam is buying a hot air balloon for $19,000 with a down payment

  of $5,000

- Subtract the down payment from the cost of the balloon

∴ P = 19000 - 5000 = 14000

∵ The bank approved a simple interest flat rate loan for 5 years at

   10% APR

∴ t = 5

∴ r = 10% = 10 ÷ 100 = 0.1

- Substitute all of theses values in the formula above

∵ A = 14000[1 + 0.1(5)]

∴ A = 21000

∴ The loan payment is $21000

- The loan will pay in 5 years

∵ The number of monthly payment = 5 ×12 = 60

- Divide the amount of loan payment by 60

∴ The monthly loan payments = 21000 ÷ 60 = 350

The monthly loan payments are $350

Learn more:

You can learn more about the monthly payment in brainly.com/question/788903

#LearnwithBrainly

3 0
3 years ago
Each teacher can order 3 boxes of pencils for the school year. If 3 boxes together hold 82 pencils how many are in each box? If
SashulF [63]
There are 27 & 1/3 pencils in each box. Each student will get 3 pencils per year. There will be 16 pencils left over.
6 0
3 years ago
Read 2 more answers
in a box of chocolates, 1/5 of the chocolates contain nuts. the rest of the chocolates do not contain nuts. write down the ratio
valina [46]

Answer:

The ratio of the number of chocolates that contain nuts to the number of chocolates = 1:4

Step-by-step explanation:

The parameters given are;

Proportion of the box of chocolates that contain nuts = 1/5

Proportion of the box of chocolates that do not contain nuts = 1 - 1/5 = 4/5

Therefore, we have in a box of chocolates with five chocolates;

The number of chocolates that contain nuts = 1

The number of chocolates that do not contain nuts = 4

Which gives the ratio of the number of chocolates that contain nuts to the number of chocolates as 1:4.

4 0
3 years ago
Will give brainliest answer
ANEK [815]

Answer:

3

Step-by-step explanation:

look at the sides

5 0
3 years ago
Indi bought a shirt for $30. He paid 7% sales tax. How much sales tax did Indie pay?​
ivann1987 [24]

<u>He paid $ 32.10 </u>

because

07 * 30 = <u>2.10 </u>

2.10 + 30 = <u>$ 32.10</u>

7 0
2 years ago
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