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salantis [7]
2 years ago
9

Suppose Elroy wants to get a loan for $ 7 , 000 at an interest rate of 6 % for 2 years to be paid back in 24 monthly installment

s. Calculate this loan using simple interest. What is the amount of the monthly payments? Round the answer to the nearest cent (hundredth).
Mathematics
1 answer:
Serhud [2]2 years ago
5 0

Answer:

$326.67

Step-by-step explanation:

Amount of Interest=7000(6%)(2)=$840

Monthly installment=7000+840/12=$326.67 (nearest hundredth)

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Don't answer it if you don't know
anzhelika [568]
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8 0
2 years ago
A nationwide club begins a chapter near you. You research the membership of the club over the past few decades.
Phantasy [73]

Answer:

Option (d)

Step-by-step explanation:

From the given table,

Number of members in 1980 (t = 0) were 5400.

With the period of time number of members increased.

Let the number of years after 1980 = x

Therefore, line of best fit will be in the form of y = mx + b

Where b = Initial number of members = 5400

m = Increase in members in every 5 years duration

So the equation will be,

y = mx + 5400

From the given options,

Equation which matches to our equation is,

y = 310.58x + 5400

For the number of members in year 2022,

x = 2022 - 1980 = 42 years

y = 310.58(42) + 5400

y = 18445

Option (d) will be the answer.

4 0
3 years ago
Jose wants to put a fence around his rectangular garden. His garden measures 31 feet by 33 feet. The garden has a path around it
vlabodo [156]
3 feet width is added to both sides .
so the dimensions become 34 feet and 36feet
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4 0
3 years ago
Help please <br> .............
borishaifa [10]

Answer:

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Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
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gtnhenbr [62]

Answer:

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2 years ago
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