HELP PLEASE! :) Lilith is remodeling her bathroom and needs an $8,700 loan to pay for the cost of the remodel. Which loan option will have Lilith pay the most amount in interest? 30-month loan with a 5.75% interest rate compounded annually 30-month loan with a 5.75% annual simple interest rate 24-month loan with a 6.25% interest rate compounded annually 24-month loan with a 6.25% annual simple interest rate

Answers

Answer 1

Answer:

Which loan option will have Lilith pay the most amount in interest

loan with a 5.75% annual simple interest rate 24-month loan with a 6.25% interest rate

Interest 3,750

Final payment 33,750

Step-by-step explanation:

1.-Interes rate compouned  

Loan 30,000

% 5.75%

Time( Years) 2.50

Interest 4,500

Final payment 34,500

2.-Simple interest  

Loan 30,000

% 5.75%

Time( Years) 2.50

Interest 4,313

Final payment 34,313

 

 

3.-Simple interest  

Loan 30,000

% 6.25%

Time( Years) 2.00

Interest 3,750

Final payment 33,750

 

4.-Interes rate compouned  

Loan 30,000

% 6.25%

Time( Years) 2.00

Interest 3,867

Final payment 33,867

Answer 2

The loan option that will cause Lilith  to pay the most interest is a 30-month loan with a 5.75% interest rate compounded annually.

A simple interest is a kind of interest that is charged only on the principal while a compound interest is a kind of interest that is charged both on the principal and the interest.

The loan option that will cause Lilith  to pay the most interest is a 30-month loan with a 5.75% interest rate compounded annually.

Learn more about compound interest:  https://brainly.com/question/25857212


Related Questions

A pet store has 8 dogs, 12 turtle, and 3 cats. Write a ratio for each of the following situations.

Turtles to dogs:
Dogs to turtles:

Answers

Answer: 12 Turtles to 8 dogs

               8 dogs to 12 turtles

Step-by-step explanation:

Hope this helps and have a marvelous rest of your day!

Payton uses 1 1/2 cups of vinegar in her salad dressing recipe. How much vinegar would Payton use to make 4 2/3 recipes? Plsssssssssssssssss hurryyyyyyyyyy

Answers

Answer: 3 1/9 cups of vinegar

Step-by-step explanation:

From the question, we are informed that Payton uses 1 1/2 cups of vinegar in her salad dressing recipe.

To know how much vinegar Payton would use to make 4 2/3 recipes, we divide 4 2/3 by 1 1/2. This will be:

= 4 2/3 ÷ 1 1/2

= 14/3 ÷ 3/2

= 14/3 × 2/3

= 28/9

= 3 1/9 cups of vinegar

Jordan can ride his bike 24 miles in 2 hours. How many miles can he ride his bike in 5 hours?​

Answers

Answer:

60 miles

Step-by-step explanation:

24 miles ÷ 2= 12

2 hours ÷ 2 =1

12 miles in 1 hour

1 hour × 5 = 5 hours

12 miles × 5 = 60 miles

60 miles in 5 hours

A red-tailed hawk dives at a constant rate in which its altitude changes by -7 ½ meters in 0.15 seconds. How long will it take the hawk to dive -70 meters?

Answers

Answer:

1.4 seconds

Step-by-step explanation:

If the red-tailed hawk dives at a constant rate in which its altitude changes by -7 ½ meters in 0.15 seconds, the rate at which it changes its altitude is thus -7 ½ meters ÷ 0.15 seconds = -7.5 meters ÷ 0.15 seconds = -50 meters per second = -50 m/s.

Now, If the red-tailed hawk dives to a depth of -70 meters, the time it will take to cover that distance is t = distance/rate = -70 m/-50 m/s = 7/5 s = 1.4 s

So, it will take the red-tailed hawk 1.4 seconds to dive to a distance of -70 meters.

I need help pls !!!!!!

Answers

Answer:

45

Step-by-step explanation:

yo i need help on this.... i don’t know math sorry guys

Answers

Answer:

4/10=40%

Step-by-step explanation:

Answer:

the answer is 40%

Step-by-step explanation: You can find this value by dividing the numerator by the denominator and multiplying to get you the result of 100%, so:

4/10 in percent = 4 / 10 × 100% = 0.4 x 100% = 40%

                ~Hope this helped you~

A music player was marked down by 1/4 of the original price. If the sales price is $128, what is the original price? If the music player was marked up by ½ before it was placed on the sales floor, what was the price that the store paid for the player? What is the difference between the discount price and the price that the store paid for the music player?

Answers

Answer:

Step-by-step explanation:

Let the original price be represented by x.

1. [tex]\frac{1}{4}[/tex] of x = x - 128

[tex]\frac{x}{4}[/tex] = x - 128

x - [tex]\frac{x}{4}[/tex] = 128

4x - x = 4 x 128

3x = 512

x = [tex]\frac{512}{3}[/tex]

  = 170.67

x = 170.67

The original price is $170.67.

2. If the price of the music player was marked up by ½ of its original price, its new price would be;

170.67 + (170.67 x ½)   = 170.67 +85.335

                                     = 256.005

                                     ≅ $ 256.0

The price paid by the store for the music player is still the original price i.e $170.67.

3. The difference between the discounted price and the price paid by the store can be determined by;

price paid by the store - the discounted price of the music player

= $170.67 - $128

= $42.67

which value of x makes the equation 8(x - 8.5) = 4 true

Answers

Answer:

x=9

Step-by-step explanation:

Solve the system of linear equations by graphing. Round the solution to the nearest tenth as needed. y + 2.3 = 0.45x

Answers

Answer:

(0,-2.3) or (5.111,0)

Step-by-step explanation:

(7th gradish answer please)
Define coordinate in your own words

Answers

The exact position of points on a graph! usually using values :)

Answer:

A specific instead of general place where you can find something

hi i need help in math pls i am really bad plssssssss

Answers

Answer:

The answer is  a= [tex]\frac{8x^2+11x+1}{2}[/tex]

Step-by-step explanation:

Combine like terms and we get,

[tex]24x^2+83x+3=6ax[/tex]

[tex]\frac{24x^2+33x+3}{6x} =a[/tex]             divide both sides of the equation by ax, and simplify further,

[tex]\frac{x(8x^2+11x+1)}{2}[/tex]                          notice that we can reduce the 24 over 6 1/2,

[tex]\frac{8x^2+11x+1}{2} =a[/tex]                 distribute and simplify further

And a=[tex]\frac{8x^2+11x+1}{2}[/tex]

I got x = 45
And I was wondering if anyone one could tell me if im correct

Answers

Answer:

x = 45°

Step-by-step explanation:

Congruence of Angles:

Linear angles are those consecutive angles formed when two lines cross. Their sum of linear angles is 180°.

Corresponding angles are those which occupy the same relative position at each intersection where a straight line crosses two others. If the two lines are parallel, the corresponding angles are congruent.

From the provided figure, angles y and 3x-60 are linear, thus:

y + 3x - 60 = 180

y = 180 - 3x + 60

y = 240 - 3x

Also, being p and q parallel lines, angles y and 2x+15 are corresponding, thus:

240 - 3x = 2x + 15

Adding 3x:

240 = 2x + 3x + 15 = 5x + 15

Subtracting 15:

240 - 15 =5x = 225

Dividing by 5:

x = 225 / 5 = 45

x = 45°

FUNDRAISERS The Band Boosters had custom T-shirts made for homecoming that they plan to sell for $10 each. They
paid a $25.90 setup fee and $8.15 per shirt to have the shirts made. How many shirts do they need to sell to break even?
If x represents the number of shirts, write an equation to represent the situation.
Write an equation

Answers

Answer:2 I think?

Step-by-step explanation:

The required expression for the shirts they need to sell to break even is y = 25.90 + 8.15x.

Given that,
T-shirts made for homecoming that they plan to sell for $10 each.
They paid a $25.90 setup fee and $8.15 per shirt to have the shirts made.
How many shirts do they need to sell to break even is to be determined?

What is the equation?

The equation is the relationship between variables and represented as  y =ax +b  is an example of a polynomial equation.

Let, x represents the number of shirts and y be the total cost for the number of x shirts,
They paid a $25.90 setup fee and $8.15 per shirt to have the shirts made.
Implies,
The total cost of x shirts = $8.15x
Total spend on the manufacturing of x shirts,
y = $25.90 + 8.15x

Thus, the required expression for the shirts they need to sell to break even is y = 25.90 + 8.15x.

Learn more about the equation here:

brainly.com/question/10413253

#SPJ2

If ABC=DEC, C=55, D=65, and B=2x. x=?

Answers

Answer:

X = 30

Step-by-step explanation:

B = E

DEC = 180 degrees/ 65 + E + 55 = 180

E = 60

B = 2x

2x = 60

x = 30

The value of x in the given figure is 32.5.

What is a triangle?

It is a two-dimensional figure which has three sides and the sum of the three angles is equal to 180 degrees.

We have,

∠C = 55

∠D = 65

∠B = 2x

∠D and ∠B are alternate angles.

Alternate angles are equal.

65 = 2x

x = 65/2

x = 32.5

Thus,

The value of x is 32.5

Learn more about triangles here:

https://brainly.com/question/25950519

#SPJ2

please help this is due in an hour

Answers

Answer:

Not proportional

Step-by-step explanation:

22/20 does not equal 18/15.

Answer:

B: Not proportional

Step-by-step explanation:

This wouldn't be proportional because for you, you are making 22 heartbeats in 20 seconds and 22-20 is 2. But if you look at your friend, he/she is doing 18 heartbeats in 15 seconds so add 5 so that 23 heartbeats is happening in 20 seconds and 23-20 is 3. If we compare, 3 is not the same as 2 making it not proportional.

anybody know how to do dis one?​

Answers

-11-k=-3
-k=8
k=-8
addition property of equality

Answer:

k=8

Step-by-step explanation:

-11-k=-3

+11     +11

-k=8

divide -1 on both sides

k=8

Rocio poured a square patio outside her back door. Each side measured 8.5 feet. Which equation represents the perimeter, in feet, of Rocio's patio? A. 8.5 + 8.5 = 17 B. 4 × 8.5 = 34 C. 2 × 8.5 = 17 D. 8.5 × 8.5 = 72.25

Answers

Answer:

B. 4 × 8.5 = 34

Step-by-step explanation:

The formula for calculating the perimeter of the square patio is expressed as;

P = 4L

L is the length of each side of the square patio

Given

L = 8.5 feet

Required

Perimeter in feet of Rocio's patio

Substitute the given parameter into the formula;

Perimeter = 4 * 8.5

Perimeter = 34ft²

Option B is correct.

Answer:

Step-by-step explanation:

72.25 the answer

can u please help me​

Answers

Answer:

first one

Step-by-step explanation:

bcz it is


choose 2 hellllpppppp plzzzxxxxzz

Answers

Answer:

Choices C and D

Step-by-step explanation:

The most simplest way is just to solve each one and see which two have the same answer as the first expression.

But you could also see that both of the [tex]\frac{4}{7}[/tex] are going to cancel each other out so you are left with [tex]-\frac{8}{9} +\frac{9}{8}[/tex]  which is also choice C.

For choice D I distributed the negative one to the insides of the parenthesis that left me with [tex]-\frac{4}{7}-\frac{8}{9}+\frac{4}{7} +\frac{9}{8}[/tex]  which is the same expression as the first one.

A metric ruler can be used to measure what type of object?? Please help me!!

Answers

Answer:

A pencil

Step-by-step explanation:

Answer: a water bottle

Step-by-step explanation:

what's the range???​

Answers

Answer:

Step-by-step explanation:

range is the y values where the graph goes through

since there are closed circles, we’ll use brackets

range is [-9, -4]

**the smaller value goes first, then the bigger value

Lindsey invests $1500 in one account and $900 in an account paying 4 % higher interest. At the end of one year she had earned $204 in interest. At what rates did she invest?

Answers

Answer: She invest 41500 at 7% interest and 900 at 11% interest.

Step-by-step explanation:

Formula for simple interest = [tex]\dfrac{\text{Principal x rate x Time}}{100}[/tex]

Let [tex]P_1=\$1500,\ P_2=\$900\ \ \ \ , r_1=r, \ \ r_2=r+4,\ \ \ t_1=t_2=1[/tex]

Simple interest by first investment = [tex]\dfrac{P_1r_1t_1}{100}=\dfrac{1500(r)(1)}{100}=15r[/tex]

Simple interest by second investment = [tex]\dfrac{P_2r_2t_2}{100}=\dfrac{900(r+4)(1)}{100}=9(r+4)[/tex]

As per given,

Total interest = $204

[tex]\Rightarrow 15r+9(r+4)=204\\\\\Rightarrow\ 15r+9r+36=204\\\\\Rightarrow\ 24r=204-36\\\\\Rightarrow\ 24r=168\\\\\Rightarrow\ r=\dfrac{168}{24}\\\\\Rightarrow\ r=7\%[/tex]

Hence, she invest 41500 at 7% interest and 900 at 11% interest.

You are at the store, and are trying to remember how much bread, meat, and cheese you were supposed to buy. The bread costs $1 per loaf, the meat costs $4 per pound, and the cheese costs $3 per pound. You know that you are to buy eight items, that the total cost will be $17, and that you are supposed to purchase three times as much cheese as meat. How many of each do you need to purchase?

Answers

Answer:

4 bread loafs, 1 pound of meat, 3 pounds of cheese

Step-by-step explanation:

Let loaf of bread be b, meat be m and cheese be c

Based on the given, we have following equations:

b + m + c = 8c = 3mb + 4m + 3c = 17

Subtract the first equation from the third and substitute c with m:

b + 4m + 3c - (b + m + c) = 17 - 83m + 2c = 93m + 2(3m) = 99m = 9m = 1

Then

c = 3*1 = 3b = 8 - (1 + 3) = 4

If 4x + 7 = 23, find the value of 12 + 2x

Answers

Answer:

2x+12

Step-by-step explanation:

i hope this helps

Just answers. No explanation needed. ASAP. WILL GIVE BRAINLIEST!!!

Answers

YEETTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT I FEEL BAD BUT

Penelope has $1,459.75 in her bank account. To pay her bills, she writes 4 checks in the amounts of $200.25, $359.45, $125, and $299.35. Then she deposits $375 into her account. Penelope’s account balance after she pays her bills and makes the deposit is $ .

Answers

Answer:

$850.70

Step-by-step explanation:

Subtract all her check amounts and add the deposit. You come up with $850.70

Which expression represents the positive solution of x ^ 2 = 8?

Answers

Answer:

x ^ 2 = 8

x = √8

Tanvir graphed the relationship between the number of rotations of the screwdriver and the height of a screw head above a piece of wood.

What does the slope represent in this context?

Choose 1 answer:

A. The height of the screw head above the wood before Tanvir rotated the screwdriver

B. The number of rotations it takes to change the screw head height by 1 millimeter

C. The number of millimeters per rotation that the screw height changes

D. None of the above



Please answer ASAP!

Answers

Answer:

C

Step-by-step explanation:

I did it

Answer: B

Step-by-step explanation:

Hannah is at the supermarket to buy carrots and potatoes. If she buys 2 pounds of carrots and 3 pounds of potatoes, it will cost her a total of $8, and if she buys 4 pounds of carrots and 4 pounds of potatoes, it will cost her a total of $13. Which of these statements is correct?

Answers

Answer:

How much money per pound of each?

Step-by-step explanation:

Help me please... the picture is down below:)

Answers

Answer:

x=35

Step-by-step explanation:

x+110+35=180

x+145=180

x=180-145

x=35

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