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.

Learn more about the simple interest here:

brainly.com/question/22621039

#SPJ5


Related Questions

If f(x)=6x-2, what is the value of f(4)?

Please explain I don’t understand these questions.


Answers

Plug 4 for x
f(4) = 6(4) - 2
f(4) = 24 - 2
Solution: f(4) = 22

Answer:

I think it might be 16 or 24.

Step-by-step explanation:

Pardon if I'm wrong.

Stephanie needs to cover her yard with 410taft2of soil. She has enough for 125ft2in one bag and 65 ft2in another bag. How much more square feet of soil will she need covered?

Answers

Answer:

Stephanie needs 220ft² of more soil to cover the rest of her yard.

Step-by-step explanation:

First add the bags she already has:125ft²+65ft²+x=410ft² --> 190ft²+x=410ft²

Second use the subtraction property of equality: 190ft²-190ft²+x=410ft²-190ft² ---> x=220ft²

please help i will name brainiest

Answers

Answer:

Step-29 (86by-step explanation:

Rise= ?
Run= ?
Slope= ?

Answers

Answer:

Rise = 0

Run = 4

Slope = 0

Step-by-step explanation:

Slope of straight line = [tex]\frac{\text{Rise}}{\text{Run}}[/tex]

Since, given line is passing through two points (-2, -3) and (2, -3),

Rise of the line = -3 - (-3) = 0

Run of the given line = 2 - (-2) = 4

By substituting these values of rise and run in the formula,

Slope = [tex]\frac{0}{4}[/tex]

          = 0

Therefore, Rise = 0

                  Run = 4

                 Slope = 0

Note:  Slope of a line parallel to the x-axis is zero.

           Slope of a line parallel to y-axis is not defined.

i need help.please explain and solve the problem.thank you so much that's 4th grade math​

Answers

Answer:

7x50=350

Step-by-step explanation:

There are 50 tables. Each table has 7 legs. How many legs altogether? ANSWER IS 350

4 1/3 Divided by 1/2

Answers

Answer: 26/3

Explanation: Convert 4 1/3 which is 13/3

13/3 divided by 1/2

13/3 * 2

13/3 * 2= 26/3

What’s the answer to this radical functions equation ASAP

Answers

Step-by-step explanation:

√z is defined only when z >= 0

Therefore √x - 1 is defined only when (x - 1) >= 0, x >= 1.

The only graph that shows the domain x >= 1 is graph Y.

Using point-slope form, write the equation of the line that passes through the point (-1/2,1/2) and has a slope of -1

Answers

Answer:

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

Step-by-step explanation:

Use point slope form, y - y1 = m(x - x1), where (x1, y1) is a point on the line

Plug in the point given and the slope:

y - y1 = m(x - x1)

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

So, the equation is y - 1/2 = -(x + 1/2)

Answer:

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

2-2=-1(1+1)

Step-by-step explanation:

slope is given

y-y1=m(x-x1)

A consumer group is testing camp stoves. To test the heating capacity of a stove, they measure the time required to bring 2 quarts of water from 50 degrees to boiling.
Two competing models are under consideration. Thirty-six stoves of each model were tested and the following results were obtained.
Model 1: mean time is 11.4 and standard deviation is2.5
Model 2: mean time is 9.9 and standard deviation is 3.0
Is there any difference between the performances of these two models? {use a .05 level of significance}. Find the p-value of the sample statistic and do a significance test.
Find a 95% confidence interval for the difference of the means.

Answers

Answer:

a

The decision rule  is  

Reject the null hypothesis

  The conclusion is  

There is sufficient evidence to show that there is a difference between the performances of these two models

b

The  95% confidence interval is  [tex] 0.224   <  \mu_1 - \mu_2  < 2.776  [/tex]

Step-by-step explanation:

From the question we are told that

    The sample size is  n  =  36

    The first sample mean is  [tex]\= x_1 = 11.4[/tex]

    The first standard deviation is  [tex]s_1 = 2.5[/tex]

    The second sample mean is   [tex]\= x_2 = 9.9[/tex]

     The second standard deviation is  [tex]s_2 = 3.0[/tex]

      The level of significance is  [tex]\alpha = 0.05[/tex]

The null hypothesis is  [tex]H_o : \mu_1 - \mu_2 = 0[/tex]

The alternative hypothesis is [tex]H_a : \mu_1 - \mu_2 \ne 0[/tex]

Generally the test statistics is mathematically represented as

      [tex]z = \frac{ (\= x_1 - \= x_2 ) - (\mu_1 - \mu_2 ) }{ \sqrt{ \frac{s_1^2 }{n} + \frac{s_2^2 }{ n} } }[/tex]

=>    [tex]z = \frac{ ( 11.4 - 9.9) - 0 }{ \sqrt{ \frac{2.5^2 }{36} + \frac{ 3^2 }{36 } } }[/tex]

=>     [tex]z = 2.3[/tex]

From the z table  the area under the normal curve to the left corresponding to  2.3 is  

       [tex]P( Z > 2.3 ) = 0.010724[/tex]

Generally the p-value is mathematically represented as

      [tex]p-value = 2 * P( Z > 2.3 )[/tex]

=>    [tex]p-value = 2 * 0.010724[/tex]

=>    [tex]p-value = 0.02[/tex]

From the value obtained we see that  [tex]p-value < \alpha[/tex] hence  

The decision rule  is  

Reject the null hypothesis

  The conclusion is  

There is sufficient evidence to show that there is a difference between the performances of these two models

Considering question b

From the question we are told the confidence level is  95% , hence the level of significance is    

      [tex]\alpha = (100 - 95 ) \%[/tex]

=>   [tex]\alpha = 0.05[/tex]

Generally from the normal distribution table the critical value  of  [tex]\frac{\alpha }{2}[/tex] is  

   [tex]Z_{\frac{\alpha }{2} } =  1.96[/tex]

Generally the margin of error is mathematically represented as  

      [tex]E = Z_{\frac{\alpha }{2} } *  \sqrt{ \frac{s_1^2 }{n } + \frac{s_2^2}{n}} [/tex]

 => [tex]E = 1.96  *    \sqrt{ \frac{2.5^2 }{ 36 } + \frac{ 3^2}{36}}  [/tex]

  => [tex]E = 1.276   [/tex]

Generally 95% confidence interval is mathematically represented as  

      [tex]( \= x_1 - \= x_2) -E <  \mu_1 - \mu_2  < ( \= x_1 - \= x_2) + E [/tex]

=>  [tex]( 11.4 - 9.9 ) -1.276  <  \mu_1 - \mu_2 < ( 11.4 - 9.9 ) + 1.276   [/tex]

=>  [tex] 0.224   <  \mu_1 - \mu_2  < 2.776  [/tex]

please help ASAP please ​

Answers

2/3 is the answer   becuase 72/6 = 12 12/6 = 2/3

Rosy has 16 pencils and 24 erasers. She is putting together packets that will have an equal number of pencils and erasers in each packet. If Rosy uses all of the pencils and erasers, what is the maximum number of packets she can make?

A.
2
B.
4
C.
8
D.
48

Answers

Answer: It's A. 2.

Step-by-step explanation:

Answer:

its not a

Step-by-step explanation:

5. What are the dimensions of this matrix?
Please help meeeeeeeeeee

Answers

Answer:

4 x 1

Step-by-step explanation:

The matrix shown in the illustration has 4 rows and 1 column, and thus we give the dimensions as 4 x 1.

Jessica can do 60 jumping-jacks in 2 minutes. Which of the following is an equivalent rate

Answers

30 i think, i’m not entirely sure

x+2=7,x=........?Please help ​

Answers

Answer:

5

Step-by-step explanation:

5 + 2 = 7

A sporting goods store is selling all their exercise equipment for 30% off.

The regular price for an exercise bicycle is $260. The regular price for a set of hand weights is $120.


Part A

Use the drop‐down menus to explain how to find the sale price of the exercise bicycle.



Find ____________ of the cost of the exercise bicycle. Multiply that amount by

_______

to find 30% of the cost. Then (x-+/ choose 1)

the regular price to find the sale price.


Part B

Use your answers from Part A to find the sale price for the exercise bicycle. Enter your answer in the line

$_______


Part C

What is the sale price of the hand weights?

$114

$84

$36

$380

Answers

Answer:

weird

Step-by-step explanation:

Answer:

ok

Step-by-step explanation:

answered it. but I really need the answer tho like rn!

9 × ( 6+ 11 ) = (9 6) (9 11)​

Answers

assuming the 9 6 and 9 11 are fractions, we get:

9 x ( 6 + 11 ) = (9/6) (9/11)​ =

153 = 27/22

Answer:

9(17) = (9 x 6)+(9 x 11)

153 = 54 + 99

153 = 153

Hope this helped! If it did, please give me brainliest! It would help a lot! Thanks! :D

PLEASE ANSWER QUICKLY!

Answers

Answer:

once you have a common denominator, you simply add the numerators together and then simplify.

Step-by-step explanation:

please can someone help me!! :(

Answers

Answer:

G

Step-by-step explanation:

Distribute the -7 to 4x and -5

Answer:

Hey!

The answer is

-7x (4x - 5)

When you multiply them you get

[tex]-28x^{2} + 35[/tex]

So, Option G is the right answer!

-2 + 0.4x = -0.2(4x+22)
solve

Answers

x= -2
(mark brainliest if correct pls)

Caitlyn is saving for vacation. She already has $38 and plans to save $18 per week until she reaches her goal of $524. Caitlyn’s total savings, s, can be determined using this equation, where w represents the number of weeks she saves.

s=18w+38
How many weeks will Caitlyn need to save to reach her goal of $524?

Answers

Answer:

27.88 can be rounded to whatever the question wants you to, coz it needs to be a whole no.---> so I would say 28 weeks, but it depends on what the question asks

Step-by-step explanation:

18w+38= should equal to $540

rephrasing this in a mathematical way would be-

18w+38=$540

18w=$540-38

18w=502

w=502/18

w=27.88

Answer:

The answer is 27. 88 but if this is like a test and not a open end question than the answer is 27 ;)

Starting with 2, and i count by 8s until I reach 82, and 82 is the Nth number, what is the value of N?

Answers

Answer:

11 is N

Step-by-step explanation:

Since we know the first answer is 2, we can subtract 82 by 2. Afterwards we can divide by 8 since we are counting by 8s, this gets me 10. 10 + the first number is 11

Simplify
30 +5.5
O 52
58
70
190

Answers

Answer:

70 is the answer

Step-by-step explanation:

ggsgshdghdhdhdhhdhdhdhd

Answer:

70

Step-by-step explanation:

what is the solution to this system? 2x+3y=12 -4x+5y=-2

Answers

answer: (3,2)

step by step explanation: :)

A computer's hard disk holds 7.5 * 107 bytes of information. Jaden adds an extra memory stick so he can store a total of 7.75 X 107 bytes of information. The memory stick holds mx 109 bytes of information, where mis and n is ​

Answers

Answer:

I believe that the awnser is 2.5 and 6

Step-by-step explanation:

Answer:

The other person is right

Step-by-step explanation:

Help me out hereeeeeeeeee

Answers

Answer:

0.28

Step-by-step explanation:

Write your answer with no spaces and any fraction with “/“

Answers

Answer:

y=[tex]\frac{1}{2}x-2[/tex]

Step-by-step explanation:

Because of the slope, we would assume that it is 1/2 because when you use rise over run, the graph rises 1 unit up and shifts 2 units to the right.  The -2 is where the y-intercept is (0, -2) based on the picture seen above.  The slope is also positive where it is going up instead of going down.

Use a table of values to graph the function [tex]f(x) = -2\sqrt[3]{x}[/tex]. Select the correct graph below

Answers

Answer:

the correct graph is B

Step-by-step explanation:

to check, you can see that my graph and graph in answer B both intersects at (-1,2)

6) Determine if the two figures are similar. Present an informal argument to present
as to why they are or are not similar.
Step 1
Step 2
Step 3

Answers

Answer:

yes they are similar

step 1: flip it across the y-axis

step 2: translate it 4 units to the right and 5 units down

step 3: dilate it by a factor of 1/2

Step-by-step explanation:

What’s 2/2 x 5/6 plz help me

Answers

Answer:

5/6

Step-by-step explanation:

2/2 = 11 × 5/6 = 5/6

I hope this helps!

5/6 because 2/2 would equal 1 and 1 times and number always ends up the same

Which expression is equivalent to -3(4x-0.50)?
PLEASEEEEEEEEEEEEE HELPPP

Answers

Final Answer: [tex]-12x + 1.5[/tex]

Steps/Reasons/Explanation:

Question: Which expression is equivalent to [tex]-3(4x - 0.50)?[/tex]

Step 1: Expand by distributing terms.

[tex]-3[/tex] × [tex]4x - 3[/tex] × [tex]-0.50[/tex]

Step 2: Simplify [tex]-3[/tex] × [tex]4x[/tex] to [tex]-12x[/tex].

[tex]-12x - 3[/tex] × [tex]-0.50[/tex]

Step 3: Simplify [tex]3[/tex] × [tex]-0.50[/tex] to [tex]-1.5[/tex].

[tex]-12x - (-1.5)[/tex]

Step 4: Remove parentheses and add.

[tex]-12x + 1.5[/tex]

~I hope I helped you :)~

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