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
KIM [24]
3 years ago
14

Henry is buying a boat and is taking out a loan in the amount of $10,000. His choices for the loan are a 5-year loan at 5.00% an

nual simple interest and a 7-year loan at 6.00% annual simple interest. What is the difference in the amount of interest Henry would have to pay for these two loans?
A) $850

B) $1,700

C) $2,500

D) $4,200
Please answer fast
Mathematics
1 answer:
algol [13]3 years ago
6 0

Answer:

B

Step-by-step explanation:

Formula is

Interest=loan ×interest rate×time

Solve for the first choice

I=10,000×0.05×5=2500

Solve for the second choice

I=10,000×0.06×7=4200

The difference in the amount of interest

4,200−2,500=1700

You might be interested in
Help me solve this question pls
Ganezh [65]
Answer: 15%
Because 3162.50 divided by 2750 is 1.15
1.15 x 100 is 115%
115-100 = 15% increase
7 0
3 years ago
Read 2 more answers
When asked to factor the trinomial x^2-16x+64, a student gives the answer (x – 8)(x + 8). Which of the following statements is t
Murrr4er [49]

Answer:

The answer is incorrect; the plus sign should be a minus sign (apex)

Step-by-step explanation:

3 0
4 years ago
Read 2 more answers
5sin²α+3cos²α / 3sin²α-5cos²α = <br> if tgα=√2
fiasKO [112]
Tgα = tan(α) = sqrt(2)/1 = opposite/ adjacent
opposite = sqrt(2)
adjacent = 1
hypotenuse = sqrt(opposite^2 + adjacent^2)
= sqrt(sqrt(2)^2 + 1^2) = sqrt(3)

sin(α) = opposite/hypotenuse
= sqrt(2)/sqrt(3)

cos(α) = adjacent/hypotenuse
= 1/sqrt(3)

now we can calculate the value of
5sin²α+3cos²α / 3sin²α-5cos²α
... do the math
8 0
3 years ago
What is 12925 rounded to the nearest ten thousand
otez555 [7]
Your answer is 13,000
because the 9 is closer to the next digit than to 0
6 0
3 years ago
Read 2 more answers
Please help and explain this
IRINA_888 [86]
Multiply each price by the discount into a decimal (move the decimal place over 2 on the percents) then subtract that from the regular price and that's sale price
3 0
4 years ago
Read 2 more answers
Other questions:
  • You are selling items from a catalog for a school fundraiser.Write and solve two inequalities to find the range of sales that wi
    5·1 answer
  • Write a linear inequality to represent the information given. shanley would like to give $5 gift cards and $4 teddy bears as par
    6·1 answer
  • I'm just confused on all of it
    5·1 answer
  • All 3 of ms van sants dogs are stinky and smelly and need baths and so does her son she has 7 pounds of a special extra strength
    13·1 answer
  • Plz ANWSER no one else will amwser this
    5·1 answer
  • a museum opened at 8:00 am. in the first hour 350 people purchased admission tickets. in the 2nd hour 20% more people purchased
    8·1 answer
  • Mike is checking his bank account for a few transactions that he completed. He deposited a $640 paycheck withdrew $20 for dinner
    15·1 answer
  • E each problem. Show your work.
    9·1 answer
  • Which inequality’s are true? Check all that apply.
    7·2 answers
  • Evaluate <br> - 2x - 6y when x = 5, y=-3
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!