The cost of interest of a $3,000 loan at 12% interest per year is $1003.80.
What is the term length for this loan in years?

Answers

Answer 1

9514 1404 393

Answer:

  2.79 years

Step-by-step explanation:

If we assume simple interest, the interest amount is computed from ...

  I = Prt

Then the length t is ...

  t = I/(Pr)

  t = 1003.80/(3000×0.12) ≈ 2.788333...

The term of the loan is about 2.79 years.


Related Questions

What is the simple interest rate for a $5,000 investment
that become $5,750 at the end of 2 years?

Answers

Answer: the answer is r=7.5%

Step-by-step explanation:

You get the formula A=P(1+nr) where A is the accumulated amount: 5750, P is the principal: 5000, n is the amount of years: 2, and r is the rate: unknown

Now you plug in what you know:

5750=5000(1+2r)

Divide 5000 on both sides

Decimal form: 1.15=1+2r

Subtract -1 on both sides

0.15=2r

And lastly divide by 2 on both sides

0.075=r

BUT WHEN FINDING THE RATE ALWAYS MAKE IT A PERCENTAGE

r=0.075*100=7.5%

please help me i really need help please help me please

Answers

Answer:

D

Step-by-step explanation:

what is the area of the trapozoid? pls help :)

Answers

Answer:

13/2 or 6 1/5 or 6.5

Step-by-step explanation:

[tex]\frac{7+6}{2}[/tex]x 1

13/2 x 1

6.5x1

find the area enclosed by the figure. Use 3.14 for π. (The figure is not to scale).

Answers

Answer:

97.27 yd²

Step-by-step explanation:

First let's find the area of the right triangle on the left side. To do that, multiply 6x5, then divide the product by 2, since a right triangle is half a rectangle.

6x5=30

30/2=15

Area of triangle=15 yd²

Find area of the middle rectangle. So multiply the length by the width.

9x6=54

Area of rectangle=54 yd²

Find area of the half circle. Formula for area of circle is [tex]A=\pi r^{2}[/tex]. Pi is about 3.14, and radius ([tex]r[/tex]) is 3. Radius is half of the diameter of circle, and the 6 on the left says the diameter of circle.

[tex]\pi[/tex]x[tex]3^{2}[/tex]≈28.27

Area of circle is about 28.27 yd²

Add up the three areas.

15+54+28.27=97.27

2 friends equally share 5 cookies. How many cookies
does each friend get?​

Answers

They both get 2 and 1/2 of a cookie!

Answer:

2 1/2

Step-by-step explanation:

The only way for the friends to get an equal amount is to split one of the cookies in half. or 5 divided by 2= 2 1/2

draw the image of ABC under a translation by five units to the left

Answers

Answer:

(x,y) --->(x-5,y)

A(-1.1)--->A¹(-6,1)

B(2,-4)-->B¹(-3,-4)

C(3,0) --> c¹(-2,0)

hope it helps

have a great day

I need major help thank you

Answers

d is the answer hope this helped but if it’s wrong i am generally sorry

please help ASAP 20 points to whoever helps!

Answers

Answer:

A. 232 in²

B. 216 in²

Step-by-step explanation:

A. Box A is a cuboid/rectangular prism.

Surface area of box A = 2(LW + LH + WH)

L = 10 in

W = 2 in

H = 8 in

Surface area = 2(10*2 + 10*8 + 2*8)

= 2(20 + 80 + 16) = 2(116)

Surface area = 232 in²

B. Surface area of B = surface area of cube

Surface area of cube = 6s²

s = 6 in

Surface area = 6(6²)

= 6(36)

= 216 in²

pick the Quadrant that you would plot (4,2)
A. Quadrant III
B. Quadrant II
C.Quadrant IV
D.Quadrant I

Answers

Quadrant 1 Reason being all the positive are housed in quadrant 1

Answer:

D.) Quadrant I

Step-by-step explanation:

The quadrants start from Quadrant I (in the top left) and continue counter-clockwise to Quadrant II, Quadrant III, and Quadrant IV

Quadrant I = (+,+)

Quadrant II = (-,+)

Quadrant III = (-,-)

Quadrant IV = (+,-)

Now in this case, (4,2) is positive in the x value, and positive in the y value - so it belongs in Quadrant I!

Classify the angle pair using all names that apply

Answers

Answer:

Vertical and supplementary

Step-by-step explanation:

Angles 1 and 2 are Vertically opposite angles and therefore they are equal to each other.

16, 48,144,...
Find the 6th term.

Answers

Answer:
3,888
Step by step explanation:
Just multiply by 3 to get the next number
or
Nth term= 16 x (3^N-1)

Use the distributive property to remove the parentheses
5(x-3)

Answers

Answer: 5x-15

Outer numbers multiply with both inside the parentheses.

using angle A as the reference angle, what is the ratio of the opposite side to the adjacent side?
write the ratio as a fraction

Answers

Answer:

20/21

Step-by-step explanation:

Opposite / Adjacent = RT / AR

You have to find RT

Use the Pythagorean Theorem

AR^2 + TR^2 = AT^2

21^2 + TR^2 = 29^2

441 + TR^2 = 841             Subtract 441 from both sides

TR^2 = 841 - 441

TR^2 = 400

sqrt(TR^2) = sqrt(400)

TR = 20

Ratio: TR / AR = 20/29

Select all expressions equivalent to 6x + 12 – 4x – 3 + 3x.

1. 2x+3x+15
2. 2x+3x+9
3. 5x+15
4. 5x+9

Select all expressions equivalent to 7x + (x + 2) + 4x.


1. 12x+2

2. 8x+2+4x

3. 11x+2

4. 7x+2+4x

Answers

Answer:

First task: 2., 5.

Second task: 1., 2.

What are all the values for u that will make this equation true?
3u - 9 = 3

Answers

Answer:

U=4

Explaination:

3(4)-9=3

12-9=3

True


MARK ME BRAINLIEST PLEASE

What is the total surface area of the triangular prism shown?

Answers

Answer:

64

Step-by-step explanation:

Answer: 192

Step-by-step explanation:

Easy math world problem help me asap

Answers

55 degrees GIVE ME BRANLIEST
Please give the person above brainiest ^^^^

6. Priya can type 40 words per minute. Typing at that same rate, about
how many words can she type in 30 minutes?

Answers

Answer:

1200

Step-by-step explanation:

40 x 30=1200

for any three dimensional figure the sum of the areas of all its faces is its

Answers

Answer:

surface area

Step-by-step explanation:

The dot plots show the heights of the players on two basketball teams.



Which statement is best supported by these data?

Answers

Answer:

hgfdcvbjk

Step-by-step explanation:

jhgfdsxzxdcfvgbhjkl

PLEASE PLEASE HELP ILL MARK U AS BRAINLIST I NEED HELP ASAP !

Answers

Answer:

4.24 is the answer

Write an equation of the line in slope-intercept form that
passes through each pair of points.
a) (-2, -1) and (5, 13)
b) (0, -3) and (5,-5)

Answers

Answer:

A should be 2

B should be -2/5

Step-by-step explanation:

If I am wrong let me know please

I really want to know what 2+2 is.

Answers

Answer:

Step-by-step explanation:

4

Answer:

It's 4 for you and 5 points for me

Step-by-step explanation:

The function g(x) = 20,000(1.20)* represents the population of a rapidly growing
city x years after the year 2000.
What does the value g(10) - g(9) represent in terms of the given context?
A. The population was 103,196 people in 2009
B. The population was 123,835 people in 2010
C. There was an increase of 20,639 people from 2009 to 2010.
D. There was an increase of 227,031 people from 2009 to 2010.

Answers

I think it’s B hope that helped

Please help I’ll mark you as brainliest if correct!

Answers

pretty sure it’s 120 :)))

Answer:

The answer is 75.

Proof:

75/45 when simplified is 5/3

If f(x) = 2x+3 and g(x) = x^2 + 1, find f(g(3)).

Answers

Answer:

23

Step-by-step explanation:

g(3) = 3²+1 = 10

f(g(3)) = 2(10) + 3

= 23

NEED HELP ASAP PLEASE! BRAINLIEST TO RIGHT ANSWER! For two similar triangles ABC and DEF, the scale factor of ∆ABC to ∆DEF is 2 : 3. If AB = 2(BC) and DE = 3(BC), what is EF?
A. 6BC
B. 2BC
C. 3BC
D. 1.5BC

Answers

Answer:

Assuming the similarity is that BC scales to EF, answer is

D. 1.5BC

Step-by-step explanation:

Because the triangles are smilar, AB/BC = DE/EF

If AB = 2BC

then DE = 2EF

but also DE = 3BC

so 2EF = 3BC

EF = 1.5BC

Plz guys help me plz

Answers

here is the answer I don’t know how to explain to you sry

Please help me solve this! Thank you so much!

Answers

Answer:

210 is answer when bases are same. powers should be added

Step-by-step explanation:

it's basically indicesis basically in this is so it was multiplication addition rule that you use

Do u know rulers <3???

Answers

Answer:

Uhh...

Step-by-step explanation:

What? Of course I know what a ruler is. One's next to me on my desk right now. Or are you talking about a ruler of a country?

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