1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
navik [9.2K]
3 years ago
7

If Tammy takes out a discounted loan for $850 at a simple interest rate of 12%, but only receives $800 into her bank account, wh

at's the duration of the loan? Give your answer in months to the nearest month.
Mathematics
1 answer:
Vikki [24]3 years ago
3 0

Answer : The duration of the loan is, 6 months

Step-by-step explanation :

First we have to determine the discounted money.

Discounted money = $850 - $800 = $50

Thus, interest = $50

Now we have to determine the time of loan.

Formula used :

S.I=\frac{PRT}{100}

where,

P = principle

R = interest rate

T = time

S.I = simple interest

Now put all the given values in the above formula, we get:

For 1 year : \$50=\frac{(\$850)\times (12)\times T}{100}

For 12 months : \$50\times 12=\frac{(\$850)\times (12)\times T}{100}

T=5.88month\approx 6month

Thus, the duration of the loan is, 6 months

You might be interested in
What is the approximate circumference of a circle with a diameter of 56 cm? (Use π = 3.14.) A. 351.68 cm B. 175.84 cm C. 87.92 c
laiz [17]
The answer to your question is 175.84 bc C=2(pi)r and if you plug in the numbers it equals 175.84... B   hope that helped :)
3 0
3 years ago
Exponential function f is represented by the table. x -1 0 1 2 3 4 f(x) 7.5 7 6 4 0 -8 Function g is an exponential function pas
asambeis [7]

Answer:

A. Both functions are positive and decreasing on the interval.

Step-by-step explanation:

The table shows that f(x) decreases when x increases in the interval (0,3).

All the values of f(x) are positive in the interval (0,3).

For the exponential function that passes through the points (0, 27) and (3, 0), we also see that f(x) is decreasing when x increases: when x goes from 0 to 3, f(x) goes from 27 to 0.

Also all the values of f(x) are positive in the interval.

Then, both functions are positive and dereasing in the interval.

7 0
3 years ago
The ratio of color papers to white paper is 3:8. If there are 48 white papers how many color papers are there
nekit [7.7K]

Answer: 18 color papers

Step-by-step explanation:

The ratio of color paper to white paper is 3:8 which means that for every 3 color papers there should be 8 white papers.

If there are 48 white papers therefore, you need to use direct proportion to solve for the color papers:

3        :       8

x                48

8x = 144

x = 144 / 8

x = 18 color papers

8 0
3 years ago
Calvin starts a new computer business, he makes a profit of $800 during the first month , and then for the next two months recor
laila [671]

Answer:

800+700+700+3000 is what will get you your answer 5200 is your answer

Step-by-step explanation:

4 0
3 years ago
Kylee used 75% of her allowance to buy a stuffed turtle. The turtle cost $26.25. How much money did Kylee get for her allowance?
IceJOKER [234]

Answer:

70

Step-by-step explanation:

hi

7 0
3 years ago
Other questions:
  • Find the quotient of 2,300 and (0.4 · 10-8). In your final answer, include all of your calculations.
    9·1 answer
  • 3. An online video game tournament begins with 1024 players. Four players play in each
    14·1 answer
  • What is the algebraic expression for the quotient of 39 and x
    5·1 answer
  • Betty had 3/4 cups of sugar, but the recipe for a cake she was making called for 3 1/3 times this amount. How many cups of sugar
    7·2 answers
  • A prize bag contains four country music CDs, eight pop music CDs, and five classic rock CDs. What is the probability of pulling
    5·2 answers
  • Plz help fast will mark the brainiest!!!
    15·1 answer
  • Triangle QRS is transformed as shown on the graph. Which rule describes the transformation?​
    6·1 answer
  • What is rational number​
    7·1 answer
  • To finish a certain job in 8 days, 6 workers are needed. If it is required to finish the same job in 2 days advance, how many wo
    10·1 answer
  • What is the biconditional statement of the following conditional statement?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!