All categories

2 years ago

PLEASE HELPPP!! I need help with both questions

Mathematics

1 answer:

navik [9.2K]2 years ago

3 0

9514 1404 393

Answer:

borrow: $21,056.60
interest: $1,983.40

Step-by-step explanation:

The relation between the monthly payment (A) and the principal borrowed (P) is ...

A = P(r/12)/(1 -(1 +r/12)^-n)

where the annual interest rate is r and n is the number of monthly payments.

Then the principal P can be found as ...

P = $384(12/0.036)(1 -(1 +0.036/12)^-60) ≈ $21,056.60 . . . loan amount

The sum of payments is ...

$384 × 60 = $23,040.

The difference between the payments made and the loan principal amount is the interest paid:

$23,040.00 -21,056.60 = $1,983.40 . . . total interest

You might be interested in

A line passes through the two points (-4,6) and (2,-5). Calculate the following parts:

Viktor [21]

A line passes through the two points (-4,6) and (2,-5). 11x +6y - 80 = 0 is the given line equation.

<h3>What is the slope of a line which passes through points ( p,q) and (x,y)?</h3>

Its slope would be:

$m = \dfrac{y-q}{x-p}$

The slope of parallel lines are same. Slopes of perpendicular lines are negative reciprocal of each other.

The slope m of the line is given as

$m = \dfrac{y-q}{x-p}\\\\ m = \dfrac{-5-6}{2+4}\\\\ m = \dfrac{-11}{6}$

The equation of a line is

$( y -y_0) = m (x - x_0)\\\\( y -6) = \dfrac{-11}{6} (x+4)\\\\6( y -6) = (-11) (x+4)\\\\6y -36 = (-11x +44)\\\\11x +6y - 80 = 0$

Hence, the equation is 11x +6y - 80 = 0

Learn more about slopes here:

brainly.com/question/2503591

#SPJ4

8 0

1 year ago

In a school 2/3 parts of the total numbers of students. 3/10 parts are between 8 to 12 years and the remaining are above 12 year

ANEK [815]

3/10

As you know the answer already I don't think you need any further explanation :)

5 0

2 years ago

Decompose and use the distributive property to find the product of 5 × 7.3.

swat32

Answer:

36.5

Step-by-step explanation:

5(1+6.3)

6 0

2 years ago

A rectangular room’s length is 2 feet less than its’ width and the area of the room is 120 ft^2

julia-pushkina [17]

Answer:

a. 120/w = l

120/l = w

b. l times w = 120

Step-by-step explanation:

3 0

3 years ago

Read 2 more answers

Silva set up a dog-walking buisness. He earned $60 in June. He is projected to earn 110% more in July. How much is Silvia projec

Jlenok [28]

I think that gain of Silva, in July, is: <span>60+<span>110100</span>∗60=60+<span>1110</span>∗60=60+66=126$</span><span>
so A.</span>

6 0

3 years ago

Read 2 more answers