Use the​ add-on method for determining interest on a loan of ​$​,2540 with an annual rate of 6​% and a term of 4 years.​ Then, determine the annual interest rate during the last month of the loan.

Answers

Answer 1

Answer:

Part A

The interest on the loan is $609.6

Part B

The interest amount on the last month is $12.7

Step-by-step explanation:

Part A

With the add-on interest method, the interest on the loan is added before the monthly payment is determined

The monthly payment, A = (P × I)/n

Where;

A = The amount payed monthly

P = The principal amount borrowed = $2,540

I = The interest on the loan = P × R × T

R = The interest on the loan = 6%

T = The duration of the loan = 4 years

n = The number of monthly payment = 4 × 12 = 48

Plugging in the variables to the simple interest formula, we get;

I = $2,540 × 6/100 × 4 = $609.6

The interest on the loan, I = $609.6

Part B

The monthly payment is therefore;

∴ A = ($2,540 + $609.6)/48 = $65.61[tex]\overline 6[/tex]

The amount payed as interest on the last month, [tex]I_m[/tex], is given as follows;

$65.61[tex]\overline 6[/tex] - $2,540/48 = $12.7

The amount payed as interest on the last month = $12.7


Related Questions

Consider parallelogram ABCD with diagonals that intersect at E. What value of x proves that the parallelogram is a rectangle if ED=7x+21 and AC=154?

a. 7
b. 8
c. 14
d. 19

Answers

I think it’s B I hope it helps

An ice skater standing on an icy surface pushes off a wall. The ice skater has a mass of 60 kg and exerts a force of 100 N on the wall. A rollerblader standing on a wooden floor pushes off a wall. The rollerblader has a mass of 90 kg and exerts a force of 100 N on the wall. Both people move after pushing on the wall and keep their bodies still, relying only on friction to stop.

How much force does the wall exert on the ice skater, and why?



0 N; the wall does not move when the ice skater pushes off.

100 N; the force exerted by the wall is equal to the ice skater’s push.

Greater than 100 N; the force exerted by the wall redirects the motion of the ice skater.

Between 0 N and 100 N; the icy surface decreases the force needed to move the ice skater.

Answers

It's 100 N, which follows directly from Newton's third law - for every force acting on a body, that same body exerts a force equal in magnitude in response.

Solve for a. Will give out 10 points!

Answers

Answer:

a=7

Step-by-step explanation:

3a-10 = 4+a

2a-10 = 4

2a = 10+4

2a = 14

a = 7

CHECK

21-10 = 4+7

11 = 11

Correct

Answer:

A=7

Step-by-step explanation:

Xavier needs to bike a minimum of 80 miles this week for his training if he is already biked 14 miles this week and how many miles should he bike on each of the six remaining days this week?

Answers

Answer:

80miles=6days

14

14 ×6=84

84÷80=1.05

1.05 miles

Complete the table of values for the equation 2y +6x =6

Answers

Answer:

85

Step-by-step explanation:

PLEASE HELP I ASKED THIS QUESTION YESTERDAY AND NOBODY ANSWERED.
Ahmed fills an empty container with water at a constant rate . he turns off the water when the container Springs a leak, and the water level decreases until he can seal the hole. After he fixes the leak, the water level stays constant .
which graph could represent this scenario?​

Answers

Graph A is correct! :)

Please help me i will mark you brainliest

Answers

Answer:

it will be c

Step-by-step explanation:

A soccer coach fills a jug with 10 liters of water before practice. Which object has a volume closest to that of the water jug? coffee mug fish tank soda can swimming pool

Answers

Answer:

fish tank

Step-by-step explanation:

Volume refers to the space occupied by an object. The three dimensional measurement is used to find the volume of an object. Length, width and height of the object helps in finding the volume of it.  

According to the given question, the volume of a jug with 10liters of water in it will be closest to that of the volume of the fish tank. There are various sizes in which fish tanks are available. From the given options, coffee mug and soda can can be very small to hold a capacity of 10 liters. At the same time, swimming pool will hold water in multiples of 100 liters. Therefore, the most suitable option will be a fish tank.

What is the slope of y=-6x-3

Answers

+3 . I think, hope this helps

Answer:

Slope = -6

Step-by-step explanation:

y = mx + b where m is the slope. Here in the equation above, -6 is in the m place which means it is the slope. Hope this helps and stay safe, happy, and healthy, thank you :) !!

What is the slope for this graphed line?
4/3
-3/4
-4/3
3/4

Answers

Answer:

3/4

Step-by-step explanation:

WILL PAY REAL MONEY IF I GET ACTUAL ANSWERS


Can someone help me get 12 Quotes for Fahrenheit 451 that support the idea that the novel is set in a dystopia OR utopia. It has to be clear which side it supports.

Answers

Answer:

no thank you but good luck

PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!!PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!!

Answers

The formula is:

V=Bh or V= l x w x h

I will use the l x w x h

So we know what the values are for each unit, so we would plug them in:

L x W x H = 10 x 2.3 x 4.5

Multiply the values which gets you 103.5


So the answer is 103.5 units cubed.


Have a nice day - Yeet
The answer is 103.5 cm.

To find volume: length x width x height

10 x 2.3 x 4.5 = 103.5

Find a, b, and c.

A) a=12, b=6 square root 3, c=3 square root 6
B) a=12, b=12 square root 2, c=3 square root 6
C) a=6 square root 3, b=12 square root 3, c=6 square root 2

Answers

Answer:

[tex]C). \: a=6 \: square \: root \: 3, \: b=12 \: square \: root \: 3, \: c=6 \: square \: root \: 2 \\ [/tex]

4. The total number of tickets sold at the Friday night football game was
1,650. Each adult ticket cost $3.50 and each student ticket cost $2.00.
The total revenue for ticket sales was $4,650. Which system of
equations could not be used to determine the number of adult
tickets, a, and student tickets, s, sold at the game?
a + s = 1650
A) 3.5a + 2s
4650
1650 - Sa
B) 3.5a + 25
4650
a + s = 1650
C) 3.5a - 4650
2s
D) a+s=1650 2a+3.5s= 4650

Answers

Answer

a + s = 1,650

3.5a + 2s = 4,650

Yall please help meee

Answers

Answer-

x=0;y=3

x=1;y=-1

x=2;y=-5

x=3;y=-9

what number is 10% of 65?
write the whole number from each problem

Answers

Your answer: 65 * 0.1 = 6.5

You construct a tangent to circle O at point X on the circle, as shown below. What do you expect to be the measure of ∠OXY?


Answers

Answer: 90 Degrees :)

Step-by-step explanation:

Ur Welcome ;)

m = 5 and d = 4
m2 + 2d + 8 + d

Answers

the answer is 30!!!!!!!!!!!!!!!!!!!!!
The answer to this equation is 30!!!!

Susie works part-time for $13 per hour. 12% of her gross pay is withheld for taxes. How much money is withheld for taxes if she works 32 hours?

Answers

Answer:

she receives 49 dollars for 32 hours

Item 5 Identify the terms, coefficients, and constants in the expression 6 + n x n + 1/2d

Answers

Answer:

Terms (Variables) =  x , d . Their corresponding coefficients = n^2 , 1/2 . Constant = 6

Step-by-step explanation:

6 + n x n + 1/2d

6 + n^2 x + 1/2d

Terms (Variables) =  x , d . Their corresponding coefficients = n^2 , 1/2 . Constant = 6

I NEED HELP NOW!!!

Help pls ASAP

Answers

Answer:

linear

Step-by-step explanation:

HELP ASAP!!!20pts

1/3x=−20

WHAT IS X?

Answers

Answer:

x = -60

Step-by-step explanation:

1/3x=−20

X is 1/3

X times 3 = a full X

Fill it in

X times -20 = -60

Hope this helps :)

Help me please I have one day until the quarter and I need to pass this class I’m failing please help me

Answers

x+93=4x *vertical angles are congruent*
93=3x
x=31

Solve for x.
Need help, please

Answers

Given:

The figure of a triangle with mid segment.

To find:

The value of x.

Solution:

According to triangle mid-segment theorem, the mid-segment of a triangle is parallel to the base and the length of the mid-segment is half of the base.

Using the triangle mid-segment theorem, we get

[tex]AB=\dfrac{1}{2}EG[/tex]

[tex]x+14=\dfrac{1}{2}(17+x)[/tex]

[tex]2(x+14)=17+x[/tex]

[tex]2(x)+2(14)=17+x[/tex]

On further simplification, we get

[tex]2x+28=17+x[/tex]

[tex]2x-x=17-28[/tex]

[tex]x=-11[/tex]

Therefore, the value of x is -11.

Algebra....one quest one please answer- WILL GIVE BRAINLIEST!!!

Answers

Answer:


Explanation:

triangle:

180(3-2) = 180

180 - (50+90) = 40

x finding:

2x - 10 = 140

2x = 150

x = 75

check:

2(75) - 10 = 140

140 + 40 = 180

Your answer:

x = 75

angle: 140


Determine whether the triangles similar? Justify your answer
A Yes; AA Similarity
B Yes; SAS Similarity
C Yes; SSS Similarity
D) No

Answers

i think it would be c, sss

I need help with this math question due today

Answers

Answer:

Please take a picture and ask it again, it had failed to access it.

Do y’all know what number 3,4, and 5 is??

Answers

Answer:

I'm not sure on the others but 5 is 11

Explanation:

11^2=121

121-121=0

An HDTV is normally $949, but is discounted to $499. What percent of the original price does Keenan pay?

Answers

Answer:

it is 949 x .526 is equal to 499.174

Answer:

499.174

Step-by-step explanation:

These polygons are similar. Find the scale factor of the smaller figure to the larger figure.

Can you guys help???

Answers

Answer:

2/3

Step-by-step explanation:

All you need to do is find the ratio of two corresponding sides (smaller figure to larger figure)

16/24 = 2/3

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