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crimeas [40]
3 years ago
14

James borrows $4,200 to pay his college tuition. He signs a 5-year simple interest loan. If the monthly payments are $78.40, wha

t is the interest rate on the loan?
Mathematics
1 answer:
KonstantinChe [14]3 years ago
3 0

Answer:

2.4%

Step-by-step explanation:

Total amount of payments:

5 years * 12 months/year * $78.40/month =

= $4704.00

Amount of interest paid in 5 years:

$4704 - $4200 = $504

Amount of interest paid in 1 year:

$504/5 = $100.80

Annual percent rate of interest:

$100.80/$4200 * 100% = 2.4%

Answer: 2.4%

You might be interested in
Un futbolista ha metido 2/9 del número de goles marcados por su equipo y otro la
storchak [24]

Answer:

77 goles

Step-by-step explanation:

Un futbolista ha marcado 2/9 del número de goles marcados por su equipo.

Otro anotó una cuarta parte del resto.

El resto = 1 - 2/9

= 7/9

De ahí que otro futbolista anotó

= 1/4 de 7/9

= 7/36

Si los otros jugadores han marcado 45 goles

Tenemos que averiguar la fracción de goles que marcó el otro jugador

Deje que el número total de goles marcados por el equipo durante la temporada = 1

Por lo tanto:

1 - (2/9 + 7/36)

1 - (8 + 7/36)

1 - 15/36

1 - 5/12

= 7/12

¿Cuántos goles marcó el equipo a lo largo de la temporada?

El número total de goles que marcó ese equipo se calcula como:

7/12 × x = 45

Donde x = número total de goles

7x / 12 = 45

Cruz multiplicar

7x = 45 × 12

x = 45 × 12/7

x = 77,142857143

Aproximadamente = 77 goles

7 0
2 years ago
Find the constant of variation k for the direct variation ​
Alla [95]

Answer:

The constant of variation is k = -2 ⇒ (B)

Step-by-step explanation:

The equation of the direct variation is y = k x, where

  • k is the constant of variation
  • The constant of variation k = \frac{y}{x}

The given table has 4 points (-1, 2), (0, 0), (2, -4), (5, -10)

We can use one of the points <em>[except point (0, 0)]</em> to find the value of k

∵ (-1, 2) is a given point

∴ x = -1 and y = 2

∵ k = \frac{y}{x}

→ Substitute the values of x and y in the relation above

∴ k = \frac{2}{-1}

∴ k = -2

The constant of variation is k = -2

7 0
3 years ago
A price is decreased by 24% and is now £372.40.<br>Work out the original price.​
goldfiish [28.3K]

Answer:

Step-by-step explanation:

Subtract the discount from 100 to get the percentage of the original price.

Multiply the final price by 100.

Divide by the percentage in Step One

5 0
2 years ago
Omar went to the football game. He paid $13.50 for admission. He bought a program for $4.75, a bag of popcorn for $3.50, and a l
aalyn [17]
$25.10 is the answer
7 0
2 years ago
Read 2 more answers
Solve for x. Round to the nearest tenth, if necessary.
DENIUS [597]

Answer:

x=3.5 cm

Step-by-step explanation:

90/2 = 45 degrees

Soh Cah Toa

We have opposite and hypotenuse making sin.

Length×Sin(Angle)

5×Sin(45) = 3.53553cm

Rounded the the nearest tenth makes 3.5cm

6 0
3 years ago
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