Darnelle has a $10,000, three-year loan with an APR of 5%. She uses the table on page 159 to compute information on the loan,
a. What is her monthly payment?
b. What is the total of all her monthly payments?
c. What is the total finance charge?
HELP

Answers

Answer 1

Her monthly payment would be $180.56, the total of all her monthly payments would be $13,000 and the total finance charge is $3000.

What is the expression of simple interest?

The expression for the final amount for simple interest is

A = p(1+rt)

Given data

Principal = $10,000

Rate= 5 %= 0.05

Time = 6years (Assume)

A = p(1+rt)

A = 10,000(1+0.05×6)

A = 10,000(1+0.30)

A = 10,000(1.30)

A = 13,000

So the final amount for simple interest is $13,000

To determine her monthly payment

Given that it is spread over 6 years

There are 12×6 months= 72months

So monthly pay = 10000/72 = $180.56

The total of all her monthly payments would be $13,000 which is equal to the final amount.

The finance charge is equal to the interest.

⇒ $13,000 - $10,000 = $3000

So the finance charge would be $3000.

Therefore, her monthly payment would be $180.56, the total of all her monthly payments would be $13,000 and the total finance charge is $3000.

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Related Questions

PLEASE HELP!!! (20 POINTS)

Is it true that [20+(−1)0]0=1? Explain.
A.No, because the negative sign will cancel the values, resulting in zero.
B.Yes, because the negative sign will cancel the values, resulting in one.
C.No, because any number raised to the zero power is zero.
D.Yes, because any number, except zero, raised to the zero power is one.

Answers

It’s either b or d give me a moment to get the positive answer

Urgently need this my kid is confused and so am I.

The length, x, of a rectangle is five more than the width, y, and the perimeter of the rectangle is 42 meters. If y = x – 5 is one equation used to solve the system of equations, select the other equation that can be used to solve the for the length and width of the rectangle. What are the values of the length and width?

Answers

Answer:

The other equation is [tex]x + y = 21[/tex]

The length and width are 13 and 8

Step-by-step explanation:

Given

[tex]Perimeter = 42[/tex]

[tex]y = x - 5[/tex]

Required

What is the other equation for the length and width?

x and y represents the length and width respectively.

The perimeter of a rectangle is calculated using:

[tex]Perimeter = 2 * (length + width)[/tex]

In this case, it is:

[tex]Perimeter = 2 * (x + y)[/tex]

Substitute 42 for perimeter

[tex]42 = 2 * (x + y)[/tex]

Divide through by 2

[tex]21 = x + y[/tex]

[tex]x + y = 21[/tex]

Required: The values of length and width

We have that:

[tex]y = x - 5[/tex]

[tex]x + y = 21[/tex]

Substitute x - 5 for y in the second equation

[tex]x + x - 5 = 21[/tex]

[tex]2x - 5 = 21[/tex]

Add 5 to both sides

[tex]2x - 5 + 5 = 21 + 5[/tex]

[tex]2x = 26[/tex]

Divide through by 2

[tex]x = 13[/tex]

Substitute 13 for x in [tex]y = x - 5[/tex]

[tex]y = 13 - 5[/tex]

[tex]y = 8[/tex]

Hence, the length and width are 13 and 8 respectively

any one here in LISD district

Answers

Answer:

I'm not, but free points?

Step-by-step explanation:

.) Mr. Leonard is saving his money for a new Jeep toy. If 30% of the toy Jeep
is $6.00, how much is the toy?

Answers

Answer:

i think its 20 dollars

Step-by-step explanation:

hope its right

HELP URGENT !!!!!!!!!!!!!!

Answers

Answer:

D

Step-by-step explanation:

Based only on the information given in the diagram, it is guaranteed that
AEFG AHJK
K
F
16
E
3
G
00
H
A. True
B. False

Answers

False Also show us the diagram for us to know

The statement that the two triangles are similar based on the given figure is false.

What are Similar Triangles?

Two triangles are said to be similar if the triangles are of the same shape but different size. The angles of the triangle will be equal and the sides are proportional.

So, we know that two similar triangles will have all the corresponding angles equal to each other.

Given two triangles EFG and HJK.

Also, given that,

EG = 8 and HK = 16

EG/ HK = 8/16 = 1/2

∠E = ∠H = 90°

There are no other information given.

If one more corresponding angles are equal, we can use ASA, AAS or AA property, and if one more corresponding side are proportional, we can use SAS postulate.

In this case, we cannot say two triangles are similar.

Hence the statement is false.

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Ellen already knew 50 appetizer recipes before starting culinary school, and she will learn 4 new appetizer recipes during each week of school. After 73 weeks of culinary school, how many total appetizer recipes will Ellen know? Write and solve an equation to find the answer.

Answers

Answer:

342

Step-by-step explanation:

50+4x=y

x=73

Applesauce recipe for 8 uses 3 quarters of water. How much water for 12 people

Answers

Answer:

4.5 quarts

Step-by-step explanation:

We use a proportion to solve this.

8/3 = 12/x

Cross-multiply to get:

8x = 36

x = 4.5

The answer to the question is 4.5

What is the equation of this line

Answers

Answer:

Y= 2x

Step-by-step explanation:

Two points in that graph are (1,2) and (2,4). you have to do rise over run so 4-2 over 2-1 and the answer is 2/1 or just two.

There are 95 students at an
assembly. They are sitting in rows
and there are 7 students in each
row. How many rows will be needed
to seat all the students?

Answers

I believe 14.
95 divided by 7 is 13.57 so Round up to 14.

Answer:

about 14 chairs

Step-by-step explanation:

All you do is do 95 divided by 7, which is 13.57142857142857.... If your teacher would want you to round, then answer with 14, but if they wouldn't, I would just do 14

Item Measured Scale Reading (tons) Number of Items on the Scale Weight per Item (tons)
Raul and his friends
1
20
4
cars
7
8
2
baby elephants
ما | ط
001
goats
4
cow NIP
desks
1
32

Answers

Answer:

Plato Answer

Step-by-step explanation:

Which decimal has the greatest value ? 0.2 , 0.27 , 0.029 , 0.231

Answers

Answer:

0.27

Step-by-step explanation:

Greatest decimal value is 0.27

What is decimal value?

Decimals are based on the preceding powers of 10

Given decimal values are

0.2,0.27,0.029,0.231

Order the decimal numbers from low to high

0.029<0.2<0.231<0.27

Hence, the greatest decimal value is 0.27

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Which statement can you conclude is true from the given information?

Answers

Answer:

angle IJA is a right angle

What is the slope and y-intercept of the line represented by the equation y=18x+3

Answers

Format: y = mx + b
m = slope, b = y intercept
Solution: slope is 18, y intercept is 3

Garfield always catches 40% of the total flies that he sees on Monday Garfield saw 60 Total

flies how many flies did he catch

Answers

Answer:

24

Step-by-step explanation:

since 40% of 60 is 24 then the answer is 24 because garfield catches 40% of 60 of the files he sees

PLEASE HURRY! (And only respond if you know the answer please.)
A Web music store offers two versions of a popular song the size of the standard version is 2.1 megabytes (MB). The size of the high-quality version is 4.9 MB. Yesterday, the high-quality version was downloaded twice as often as the standard version. The total size downloaded for the two versions was 2737 MB. How many downloads of the standard version were there?​

Answers

Answer:

Step-by-step explanation:

If the no of standard version downloads = 230

Then higher version is twice than that = 460

Total = 2.1 x 230 + 4.9 x 460 = 2737

Do You Know How?
In 3-6, multiply to find the product.
Estimate to check for reasonableness.
3. 205 x 23
4. 108 x 34
5. 410 x 44
6. 302 x 30

Answers

Answer:

3. 4,715 (estimate: 5,000)

4. 3,672 (estimate: 3,300)

5. 18,040 (estimate: 16,000)

6. 9,060 (estimate: 9,000)

Explanation:

It is reasonable if your answer is somewhat close to the estimate.

Susan gets $12.75 per hour for babysitting. If she babysits for 2.5 hours, how much money will she earn?

Answers

Answer:

31.42

Step-by-step explanation:

If the equation 5(3x + 7) – 1 = 3(52 + k) + 4 has infinitely many solutions, what is the value of k?

Answers

Answer:

k = 5x - 42

Step-by-step explanation:

what is the percent increase in 22 to 30

Answers

Answer:

36.37%

Step-by-step explanation:

30 - 22 = 8

100% * 8/22

800/22

36.37%

ANSWER NEEDED ASAP PLS HELP show your work and give me the answer pleae

Answers

1. 5
2. 2
3. 1,000
4. -6
5. -12
6. 1
7. -5
8. -11
9. 13
10. 6

5 divided by 3/12 equals

Answers

Answer:

= 20

Step-by-step explanation:

Turn it into multiplication by doing keep, switch, flip. Keep 5. Switch division to multiplication. Flip 3/12 to 12/3 or 4.

5 x 4 = 20.

Find the slope and y-intercept of the line in each graph. (Explore Activity 1) Please help me

Answers

Answer:

1. Slope = -2 , y-intercept = 1

2. Slope = 5 , y-intercept = -15

3. Slope = 1.5 , y-intercept = -2

4. Slope = -3 , y-intercept = 9

Step-by-step explanation:

1. The slope is -2 because using the formula y₁-y₂÷x₁-x₂ you can use the points given to you to get -2. It doesn't matter which one you pick as y1 or y2, just make sure you keep it consistent with the x numberings. I did 1--3 (which becomes 1+3) and 0-2. Those equal 4/-2 which gives you -2. Use these same steps for all of them, but with ones that don't have the points given, just pick two that are whole numbers and not decimals. For finding the y-intercept, just find the point that is on the y axis line. It is given on number one as (0,1). So, the y-intercept is 1. Hope this helps!

I need help in math thank you

Answers

The correct answer is 960 yards

Explanation:

The first step to answer this question is to calculate the distance Alan traveled. Additionally, to calculate this use the time (90 seconds) and the speed (32 ft/s) by considering distance equals speed multiplied by time.

D (Distance) = s (speed) x t (time)

D = 32 ft/s x 90 s

D= 2880 ft

This means the total distance was 2880 feet; however, the answers are provided in yards and the feet need to be changed to yards. Follow this process:

1 foot = 0.3333 yards

2880 ft x 0.3333 yards = 959.99 yards which can be rounded as 960 yards.

write a function for the table
please help I don't get it ​

Answers

Answer:

y = 2x - 5

Step-by-step explanation:

Let us consider the points (- 2, - 9) & (0, - 5)

Equation of line in two point form is given as:

[y-(-9)]/[-9-(-5)] = [x - (-2)]/[-2 - 0]

(y + 9)/(-9 +5) = (x + 2)/ (-2)

(y + 9)/(-4) = (x + 2)/(-2)

(y + 9)/(2) = (x + 2)/(1)

(y + 9) = 2(x + 2)

y + 9 = 2x + 4

y = 2x + 4 - 9

y = 2x - 5

This is the required function.

What is the answer and plz give me step by step explaining

Answers

Answer:

7

Step-by-step explanation:54x=60x-42, -6x=-42, divide both sides by six then you get 7

A typical tip in a restaurant is​ 15% of the total bill. If the bill is ​$100​, what would the typical tip​ be

Answers

Answer:

15 dollars

Step-by-step explanation:

Total Bill = Cost of the Meal + tip

Total Bill = 100 + 15/100 * 100

Total Bill = 115

So the tip is 15 dollars.

In the parallelogram below,
z = [ ? ]°

Answers

Z is equal to 124 degrees

A science teacher has 4 2/3 packages of bird seed. Each package weighs 2 1/4 pounds. How many pounds of bird seed does the teacher have in all?​

Answers

Answer:

9 3/2 pounds or 10.5 pounds

Step-by-step explanation:

4 2/3 x 2 1/4 = 14/3 x 9/4 = 126/12 = 21/12 = 9 3/2 or 10.5

Answer:

10.5 pounds

Step-by-step explanation:

4 2/3 × 2 1/4 = 10.5 or 10 1/2

Consider this function.
(r) = -3r + 3
Which graph represents the inverse of function ?

Answers

9514 1404 393

Answer:

  C.  graph Y

Step-by-step explanation:

Starting with f(r) = -3r +3, the inverse function can be found from ...

  r = f(y)

  r = -3y +3

  r -3 = -3y

  (r -3)/-3 = y

  y = -1/3r +1

The inverse function will have a slightly negative slope and a y-intercept of 1. This matches graph Y.

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