Jim needs to divide 762 coupon books equally among 9 stores. In which place is the first digit of the quotient? Select the word
1 answer:
Answer:
ones
Step-by-step explanation:
It is given that Jim wants to divide 762 coupons equally among 9 stores.
So dividing 762 by 9, we get
= 84.66
The position of the digit before the decimal place start with 'ones' and then proceeds to tens, hundreds, thousands, etc.
Therefore, the first digit of the quotient is in the ones place of the position value or place value.
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Answer:
a. The amount Taylor will need to finance is $8,000
b. The amount Taylor pays as interest in one year is $400
Step-by-step explanation:
The given parameters of the financing for the car are;
The cost of the car Taylor plans to purchase, C = $10,000
The amount Taylor has saved to be used as down payment, S = $2,000
The interest rate of the credit Taylor is offered = 5%
The duration given for repayment of the loan = 5 years
a. To purchase the car, the amount Taylor will need to finance, 'P', is given as follows;
P = C - S
∴ P = $10,000 - $2,000 = $8,000
b. The amount of interest on the loan in one year, 'I', is given by the following formula;
Where;
I = The interest payed
P = The principal amount taken as loan = $8,000
R = The interest rate = 5% APR
T = The time period the interest is applied = 1 year
Plugging in the values, we get;
The interest Taylor will pay on the loan in one year, I = $4,00