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3 years ago

Maya has a car loan of $31,470. The loan has a simple interest rate of 5% per year.

Mathematics

1 answer:

3241004551 [841]3 years ago

4 0

Answer:

$1573.50

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 5%/100 = 0.05 per year,

then, solving our equation

I = 31470 × 0.05 × 1 = 1573.5

I = $ 1,573.50

The simple interest accumulated

on a principal of $ 31,470.00

at a rate of 5% per year

for 1 year is $ 1,573.50.

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1. Consider triangle NLM. This is a right triangle, because NL ⊥ LM. In this triangle,

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Also

$m\angle LNM=90^{\circ}-50^{\circ}=40^{\circ}$ (angles LNM and M are complementary).

2. Consider triangle NKL. This is a right triangle, because KN ⊥ NM . In this triangle,

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$m\angle KNL=90^{\circ}-40^{\circ}=50^{\circ}$ (angles KNL and KLN are complementary).

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