A person requests an immediate bank overdraft of $2000. The
bank generously agrees to this but insists that it should be repaid
by 12 monthly instalments and charges 1% interest every month
on the outstanding debt. Determine the monthly repayment

Answers

Answer 1
I think that the answer would be $186.67. My reasoning is 1% of $2000 is $20. Installments of 12 months. Take 2000/12 plus the interest of 1% ($20) you get 186.66 repeating however rounding would make it 186.67.
Answer 2

The monthly repayment for the given principal and rate of interest is $168.3.

Given that, a person requests an immediate bank overdraft of $2000.

What is the rate of interest?

An interest rate tells you how high the cost of borrowing is, or high the rewards are for saving. So, if you're a borrower, the interest rate is the amount you are charged for borrowing money, shown as a percentage of the total amount of the loan.

Here, P=$2000, T=12 months = 1 year and r=1%

Now, interest = (2000×1×1)/100

= 20

Total amount = 2020

So, monthly instalment = 2020/12

=$168.3

Therefore, the monthly repayment for the given principal and rate of interest is $168.3.

To learn more about the rate of interest visit:

https://brainly.com/question/28236069.

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Related Questions

Question 4 (Essay Worth 1 points)
[Image: Vertical number line ranging from negative 5 to 5.]
On this number line, zero represents sea level. Plot the following points based on the description provided.
• opposite of 4








Help please

Answers

Answer:

2

Step-by-step explanation:

Chris is standing on a cliff that is 3 feet above sea level. He dives into the water and descends to a depth 10 feet below the surface of the sea. On a number line, what is the distance between the two elevations?
7
8
13
14​

Answers

13
Use a number line to help.

Answer:

C

Step-by-step explanation:

Cumulative Exam 2021

Merry Christmas <3

P.S. Have a good winter break :)

The ages of Edna, Ellie, and Elsa are consecutive integers. The sum of their ages is 123. What are their ages? Show work.

Answers

Answer:

Ellie's age is 41, Edna's age is 40, Elsa's age is 42

Step-by-step explanation:

Let Ellie's age be x. Because they're consecutive integers, Edna's age is x-1 and Elsa's age is x+1. Therefore, 3x=123, x=41, so Ellie's age is 41, Edna's age is 40, Elsa's age is 42

Answer:

Edna is 40, Ellie is 41 and Elsa is 42.

Step-by-step explanation:

let Edna be m years old

m - Edna

m+1 - Ellie

m+2 - Elsa

m+m+1+m+2=123

Collect like terms

3m+3=123

3m=123-3

3m=120

Divide through by 3

m=40

Therefore, Edna is m=40 years old

Ellie=m+1=41 years old

Elsa=m+2=42 years old.

A ladder is 65 inches tall. How tall is it in feet and inches?

Answers

1 foot = 12 inches

65 inches / 12 = 5.41 feet

5 x 12 = 60

65-60 = 5

Answer: 5 feet 5 inches

1.) Write .378 as a fraction in simplest form

Answers

Here you go! I hope this helps! It looks like your math is hard but it will get easier

6(31)+6(4)-6(15) mental math form

Answers

186+6 multiple 4-6 multiple 15
186+24-90
120 answer

[tex]6(31)+6(4)-6(15)=6(31+4-15)=6(20)=120[/tex]

ok done. Thank to me :>

21.
2 poin
A student received the following grades last semester. Find the student's
semester grade point average.
Credits
Course
Statistics
Physics
Sociology
Literature
Tennis
Grade Points
A 4.0
A 4.0
B 3.0
B 3.0
D 10
1

Answers

Answer:

4.8

Step-by-step explanation:

add all values and divide it by 5

A box plot is shown

O

2

4

6

8

10

12

Determine the five-statistical summary of the data. Drag the correct number to each variable in the summary.

14

16

18

20

22 24 26

28

30

Minimum:

Maximum:

Median:

First Quartile:

Third Quartile:

1

2

3

4

11

5

12

6

ما تا ته

13

14

8

21

15

22

16

10

23

17

24

18

25

19

26

20

27

28

29

30

Please answer fast

Answers

Answer:

O

2

4

6

8

10

12

Determine the five-statistical summary of the data. Drag the correct number to each variable in the summary.

14

16

18

20

22 24 26

28

30

Minimum:

Maximum:

Median:

First Quartile:

Third Quartile:

1

2

3

4

11

5

12

6

ما تا ته

13

14

8

21

15

22

16

10

23

17

24

18

25

19

26

20

27

28

29

30

Please answer fast

The table shows the number of
flowers used to create bouquets,
based on the number of bouquets.
Bouquets
Flowers

Bouquets Flowers
3. 27
5 45
8i 72

Answers

According to the table given, the rate of change is of 9.

The rate of change is given by the change in the output divided by the change in the input.

In this problem:

The input is the number of bouquets.The output is the number of flowers.

Taking two of the points, (3,27) and (5,45), we have that:

[tex]m = \frac{45 - 27}{5 - 3} = \frac{18}{2} = 9[/tex]

Hence, the rate of change is of 9, which would be verified taking any pair of two points.

You can learn more about rate of change at https://brainly.com/question/25823744

13. What is the equation of the line through the two points (5,2) and (5.-3)​

Answers

Answer:

yes i love this app , this app so good

The sum of a number times 7 and 15 is at least -19

Answers

Answer:

x(7+15) [tex]\leq[/tex] -19

Step-by-step explanation:

Can someone help me please

Answers

50 would be your answer because it is adding 15 each time

Solve: 5(x+2) = 3x + 5

Answers

Answer:

-2.5

Step-by-step explanation:

5(x+2) = 3x+5

5x+10=3x+5

5x-3x=5-10

2x=-5

x=-2.5

Answer: -5/2

Step-by-step explanation: the explanation and the answer above, -2.5 is correct but it can be simplified to -5/2 for those working in Apex

What does y= -3x+3 equal

Answers

Answer:

Solving for x, the answer is x = 1 - y/3

Hope this helps :D

Answer:

Step-by-step explanation:

y= -3x+3 is the equation of a straight line with slope -3 and y-intercept 3. The x-intercept is found by letting y = 0 and solving for x:  x = 1.

y= -3x+3 can be re-written in "standard form:"  3x + y = 3.

B. Direction: Rewrite the each of the following using EXPONENTS.

Example: Two to the seventh power =2⁷ 7 × 7 × 7 = 7³

5) six with the exponent
6) 10 × 10 × 10
7) 3 × 3 × 3 × 3

Answers

5) 6 with the exponent.

6 can be with any exponent (since you haven't given it) like, 6¹, 6², 6³, 6⁴ etc. But, since the value is not given..it'll most probably be 6¹.

6) 10 × 10 × 10 = 10³

7) 3 × 3 × 3 × 3 = 3⁴

_____

Hope it helps ⚜

5. 6^1
6. 10^3
7. 3^4
I think this is what you’re asking for?
#brainliest

Pls help I’ll brainlest ASAP

Answers

(-2,1) i think that’s the answer
3/5 is the slop 3 up 5 over

12. Write a
multiplication number sentence that
matches the shading on the grid.
Remember,
each small square
is 1 hundredth.
I am giving away brainest

Answers

Answer:

the answer would be 5×1k=b

PLEASE HURRY! WILL MARK BRAINLIEST IF CORRECT (Screenshot)

Answers

Answer: 7 1/5

Explanation: I used a fancy calculator

6(2x + 4) = 3(4x + 8)
Please answer this!

Answers

Answer:

Infinitely many solutions

Step-by-step explanation:

6(2x + 4) = 3(4x + 8)

Distribute the 6

6 * 2x = 12x and 6 * 4 = 24

12x + 24 = 3(4x+8)

Distribute the 3

3 * 4x = 12x and 3 * 4 = 24

12x + 24 = 12x + 24

On both sides of the equal sign we have 12x + 24.

When both sides are equal there are infinitely many solutions.

HELP ME OUT PLEASE!!!

What is the equation of this line?​

Answers

Answer: THe Second answer is the correct one

Step-by-step explanation:

Answer:

y = 3x-2

Step-by-step explanation:

What’s 12.71 divided 6.2?

Answers

Answer:

2.05

Step-by-step explanation:

12.71/6.2=2.05

The value of the expression 12.71 ÷ 6.2 using the division property will be 2.05.

What is Algebra?

Algebra is the study of algebraic expressions, while logic is the manipulation of those concepts.

The acronym PEMDAS stands for Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This rule is used to answer the problem correctly and precisely.

The numbers are given below.

12.71 and 6.2

Then the division of the decimal numbers 12.71 and 6.2 will be given by putting a divide sign between them. Then we have

⇒ 12.71 ÷ 6.2

⇒ 12.71 / 6.2

⇒ 2.05

The worth of the articulation 12.71 ÷ 6.2 utilizing the division property will be 2.05.

More about the Algebra link is given below.

https://brainly.com/question/953809

#SPJ2

Let f(x) =
=(x^2-16x+39
Divide by X-3
a,if x #3
if x = 3

Answers

Answer:

Step-by-step explanation:

x² - 16x + 39 = ( x - 3 )( x - 13 )

The first term of an AP is p & it's common difference is q. What it's 10th term?​

Answers

The first term of an AP = p

The common difference = q

We know that

nth term of an AP = a+(n-1)d

10th term = a+(10-1)d = a+9d

t10 = p+9q

Tenth term of the AP is p+9q

also read similar questions: a) The sixth term of an AP is twice the 3rd term and the first term is 3. Find the common difference and the 10th term....

https://brainly.com/question/19517085?referrer

If the 17th term of an AP exceeds the 10th term by 7, then the common difference is_____

https://brainly.com/question/16821782?referrer

Litter cleanup volunteers form 4 groups containing v volunteers
each. Then 10 more volunteers show up. The volunteers regroup
into 5 groups each containing 6 people. How many volunteers
were in each original group? Write an ALGEBRAIC EQUATION and solve to answer the question.

Answers

mom will let you know

Step-by-step explanation:

shes gone

Find the equation of the line passing through the point (−5,−9) and parallel to the line y=3x+2 .

Answers

Answer:

Root:(-⅗,0)

vertical intercept:(0,5)

Step-by-step explanation:



please help! will give brainliest:)

Solve the following system:
2x - z=14 a
10
3x - y + 5z = 0
(4x + 2y + 3z = -2

Answers

Answer

1) x = 8

2) x = 1/3y + -5/3z

3) x = -1/2y + -3/4z + -1/2

Hope this helps:))

y=sech(tan‐¹x) find the derivative ​

Answers

Recall that

d/dx sech(x) = - sech(x) tanh(x)

d/dx tan⁻¹(x) = 1/(1 + x²)

Then by the chain rule,

dy/dx = - sech(x) tanh(x) / (1 + x²)

A bike path is 12.5 miles. Dominic is 70​% of the way to the end. How far is Dominic on the​ path?


Pls help me

Answers

Answer:

p/12.5 = 70/100

Step-by-step explanation:

a percent is considered out of 100

since you know the total 12.5, that will fit as the whole


Solve x + 5x – 14 = 0

Answers

Hey there!

Solve the equation:

Answer :

x = 7/3 ✅

Explanations:

x + 5x - 14 = 0

>> Add 14 to both sides :

x + 5x - 14 + 14 = 0 + 14

x + 5x = 14

6x = 14

>> Divide each side by 6 :

6x / 6 = 14 / 6

x = 14/6

Simplify the result :

14 / 6 = 2*7 / 2*3 = 7/3

Therefore, your answer is 7/3 .

More about equations:

brainly.com/question/12058678

Have a good day :)

An account earns simple interest. Find the annual interest rate. I = $60 P = $500 t = 2 years The annual interest rate is %. 10​

Answers

Answer:

100

Step-by-step explanation:

A = P(1 + rt)

A = 500(1 + (0.1 × 2)) = 600

A = $600.00

600-500= 100

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