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
Brrunno [24]
3 years ago
13

Nellie has a bankruptcy on her credit report and therefore pays higher interest rates on her current loans. She took out a car l

oan for $45,000 payable for 6 years at an interest rate of 15%. If she had not applied for bankruptcy, she would have been able to take out the loan at a rate of 6%. Approximately how much more in interest over the life of the loan does Nellie have to pay?
a. $68,510.16
b. $53,696.16
c. $32,206.32
d. $14,814.00
Mathematics
2 answers:
neonofarm [45]3 years ago
8 0

The amount of extra interest that will be paid is $24300

Since Nellie took out a car loan for $45,000 payable for 6 years at an interest rate of 15%, the interest that she will pay will be:

= ($45000 × 6 × 15) / 100

= $40500

On the other hand, if she hasn't applied for bankruptcy, the amount that she will pay will be:

= ($45000 × 6 × 6) / 100

= $16200

Therefore, the difference between the interest will be:

= $40500 - $16200

= $24300

The correct option is $24300. The given options are incorrect.

Read related link on:

brainly.com/question/25052422

harina [27]3 years ago
8 0

Answer:

the awnser is D. $14,814.00

You might be interested in
Determine if the two triangles are congruent if so is it SSS,ASA,SAS,AAS
jonny [76]

Step-by-step explanation:

was wondering what you are looking to get out for a party for a party this week to take care if there are a little bit of the developments in your response and if they have to go because of what you want me and my parents think about to leave you and and then you

8 0
3 years ago
branley bought 81 pencils and 54 erasers he plans to give each classmate the same number of pencils and the same number of erase
Lelu [443]

Answer:

j

Step-by-step explanation:

5 0
3 years ago
Can someone motivate me to do my math homework?!
alexira [117]
Math is basically useless rn but it’s the last week until Christmas break just 2 days left finish your math so your not stuck doing it later!! and enjoy your time off as much as you can!
8 0
3 years ago
What are the solutions to the following system of equations? y=x^2+12x+30 and 8x-y=10
Ierofanga [76]
Note that the 2nd equation can be re-written as y=8x-10.
According to the second equation, y=x^2+12x+30.
Equate these two equations to eliminate y:

8x-10 = x^2+12x+30

Group all terms together on the right side.  To do this, add -8x+10 to both sides.  Then 0 = x^2 +4x +40.  You must now solve this quadratic equation for x, if possible.  I found that this equation has NO REAL SOLUTIONS, so we must conclude that the given system of equations has NO REAL SOLUTIONS.

If you have a graphing calculator, please graph 8x-10  and  x^2+12x+30 on the same screen.  You will see two separate graphs that do NOT intersect.  This is another way in which to see / conclude that there is NO REAL SOLUTION to this system of equations.
6 0
4 years ago
Lisa and her brother went tothe town carnival.Together they won 15 prizes.lisa won 9 of them.what fraction did her brother win?
antiseptic1488 [7]
6/15 b/c 9-15=6; 1/2 b/c 5/10=1/2
7 0
4 years ago
Read 2 more answers
Other questions:
  • Solve the inequality
    6·1 answer
  • Two spheres have volumes of 8r cm3 and 64st cm3. If the surface area of the smaller sphere is 16 t cmwhat is thesurface area of
    11·1 answer
  • Find the fifth term of (2x + y)10.
    8·1 answer
  • (2) An international call to a certain country costs Rs. 7
    10·1 answer
  • Help&amp;EXPLAIN <br><br> Don’t use for points or will be reported and I’ll take the points back
    7·1 answer
  • Heyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy (got to match my vibe to answer)
    12·2 answers
  • Epic math question that i cant solve
    8·1 answer
  • Please help look at the picture attached
    6·1 answer
  • Find the total amount charged for an order of 94 T-shirts.
    14·1 answer
  • I NEED HELPN WITH THIS QESTION FIRST PERSON GETS BRAINLLY
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!