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bonufazy [111]
2 years ago
11

What would the monthly payment be for a $5,000 loan with a 6. 25% interest rate compounded monthly spread over 60 months? a. $25

. 31 b. $97. 25 c. $217. 00 d. $320. 95.
Mathematics
1 answer:
Rina8888 [55]2 years ago
5 0

Answer:

  b.  $97.25

Step-by-step explanation:

Your number sense tells you a loan of this duration will have a monthly payment not much greater than $5000/60 ≈ $83. Of the offered answer choices, $97.25 is the most reasonable guess.

__

If you work this out using a financial calculator, it will tell you the monthly payment is $97.25.

_____

<em>Additional comment</em>

As a first approximation, the interest paid on an amortized loan is about half of the simple interest amount. We can guess at the monthly payment by computing the payment on a simple interest loan at half the rate.

The total due on a $5000 loan at 3.125% interest is ...

  A = P(1 +rt) = 5000(1 +5(0.03125)) = 5000(1.15625) = 5781.25

If 1/60 of that is paid each month, the payment is about $96.35. This guess is within 10% of the actual payment value. With suitable approximations, you can do this calculation without a calculator.

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a rectangular prism with a volume of 10 cubic units is filled with cubes with side lenghts of 1/2 unit how many 1/2 unit cubes d
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Answer:

Step-by-step explanation:

The volume of a cube is

V=s^3, we are told the volume is 10u^3 and that it will be filled with cubes having a side of 1/2 so

n(1/2)^3=10, where n will be the number of these small cubes

n(1/8)=10 upon multiplying each side by 8

n=80

So it will take 80 cubes of side length 1/2 to have a volume equal to 10u^3

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3 years ago
Find the y-intercept of a line that passes through (-2,6) and has a slope of -5
a_sh-v [17]

Answer:

its gonna be -4

Step-by-step explanation:


6 0
3 years ago
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A wholesaler requires a minimum of 4 items in each order from its retail customers. The manager of one retail store is consideri
Nataliya [291]

Answer:

  • It is the last graph: solid line, shaded area over the line x = 2 - x/2

Explanation:

1) <u>Set the algebraigic expression that represents the combinations of sofa and pillow orders:</u>

  • Number of sofas: x (given)
  • Number of pillows: 2y (given, since they come in pairs)
  • Number of items = number of sofas + number of pillows = x + 2y
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<u>2) Predict the graph of the inequality x + 2y ≥ 4</u>

  • The border line is the equation x + 2y = 4
  • You can choose two points to draw a line
  • Choose the axis-intercepst:

        x = 0 ⇒ 2y = 4 ⇒ y =4/2 ⇒ y = 2 ⇒ point (0,2)

        y = 0 ⇒ x = 4 ⇒ point (4,0)

        Then the lines goes through (0,2) and (4,0) ... [the four graphs meet this]

  • The shading area is above the line because when you solve for y you get y ≥   2 - x/2, and the line is included because the "equal to" part of the symbol (≥ means greater than or equal to).

  •  To state that the line is included the graph uses a continous line instead of a dotted one.

<u>3) Conclusion:</u>

That means that the correct graph is the last one: solid line, shaded area over the line y = 2 - x/2.

Note: a more detailed graph would include the fact that the items cannot be negative, i.e. x ≥ 0 and y ≥ 0, which would result in that the shaded area would be on the first quadrant.

   

5 0
3 years ago
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Which inequality is represented by this graph?
ohaa [14]

Answer:

B

Step-by-step explanation:

The line is solid, so eliminate A and D.

Also, the line is shaded below, so this eliminates C.

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elena-14-01-66 [18.8K]

Answer:

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Step-by-step explanation:

A = LW

A = (5y - 7)(3y)

A = 15y^2 - 21y

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