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]
2 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]2 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]2 years ago
8 0

Answer:

the awnser is D. $14,814.00

You might be interested in
Simplify.<br> 7x² - x + 9<br> + 6x² + 5x - 10<br> ___________<br><br> Will give brainliest.
Ira Lisetskai [31]

Answer:

13²+4−1

Step-by-step explanation:

<em><u>hope it helps</u></em>

3 0
2 years ago
Read 2 more answers
A wedding dress was marked up 35% and is now selling for $270.00. What was the original price of the dress?
qaws [65]
$270 equals 135% of the original price

270/x=135/100

135*2=270
100*2=200

Final answer: $200
5 0
2 years ago
Read 2 more answers
is there a proportional relationship between the area of an enlarged rectangle and the area of the original rectangle
Maru [420]
I don’t think so because I haven’t done this sorry
6 0
3 years ago
A local health clinic surveys its patients about their waterdrinking habits. It found the data is normally distributed,the mean
satela [25.4K]

In this case, we'll have to carry out several steps to find the solution.

Step 01:

Data:

water drinking habits:

mean = 62 ounces

standard deviation = 5.2 ounces

Step 02:

normally distribution:

95% ===> 2 SD

(62 + 5.2 + 5.2) ounces = 72.4 ounces ==> + 2 SD

(62 - 5.2 - 5.2) ounces = 51.6 ounces ==> - 2 SD

The answer is:

51.6 ounces - 72.4 ounces

3 0
1 year ago
At the start of the year, 15 chameleons were introduced into a zoo. The population of chameleons is expected to grow at a rate o
bearhunter [10]

Answer:

option-B

Step-by-step explanation:

We are given

At the start of the year, 15 chameleons were introduced into a zoo

so, P_0=15

The population of chameleons is expected to grow at a rate of 41.42% every year

so, r=0.4142

and x represents the number of years since the chameleons were introduced into the zoo

now, we can set equation to find total population

and we get

P(x)=P_0(1+r)^x

now, we can plug values

P(x)=15(1+0.4142)^x

P(x)=15(1.4142)^x

Average rate of change between 2 years and 4 years:

we can use formula

A_1=\frac{P(4)-P(2)}{4-2}

now, we can plug values

A_1=\frac{15(1.4142)^{4}-15(1.4142)^{2}}{4-2}

A_1=14.99914

Average rate of change between 4 years and 6 years:

we can use formula

A_2=\frac{P(6)-P(4)}{6-4}

now, we can plug values

A_2=\frac{15(1.4142)^{6}-15(1.4142)^{4}}{6-4}

A_2=29.99770

Average rate of change between 6 years and 8 years:

we can use formula

A_3=\frac{P(8)-P(6)}{8-6}

now, we can plug values

A_3=\frac{15(1.4142)^{8}-15(1.4142)^{6}}{8-6}

A_3=59.99425

now, we will check each options

option-A:

we can see that

A_3-A_2=30

A_3-A_2=30

So, this is FALSE

option-B:

A_1=\frac{1}{2}A_2

So, this is TRUE

option-C:

This is FALSE

option-D:

we got

A_1=\frac{1}{2}A_2

so, this is FALSE


5 0
3 years ago
Other questions:
  • I've been stuck on this for a while
    10·1 answer
  • What is the solution to the system of equations below?
    11·1 answer
  • Square root of -6 times square root of -12 times square root of -5
    11·1 answer
  • 338 is the same as 122 reduced by w written as an equation
    11·1 answer
  • Help with the slop thanks and no bots
    14·1 answer
  • The sum of two numbers is 45 and the difference is 3. What are the numbers?​
    8·1 answer
  • HELPP!! <br><br> $6.75 marked up 25%*
    11·1 answer
  • What is the approximate area in square feet of the stained glass<br>​
    5·2 answers
  • The sides of a triangle are 3 consecutive odd integers and the shortest side is 20% of the perimeter of the triangle. What is th
    13·1 answer
  • Do yall want points for answering? Heres one-
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!