1. You purchase a car using a $12,500 loan with a 5.6% simple interest rate.
(a) Suppose you pay the loan off after 6 years. How much interest do you pay on your loan? Show your work.
(a) Suppose you pay the loan off after 3 years. How much interest do you save by paying the loan off sooner? Show your work.

Answers

Answer 1

The interest that is paid on the loan in 6 years will be $4,200.

The amount of interest that is saved is $2,100.

What is the interest on the loan?

The simple interest is a linear function of the number of years of the loan, value of the loan and the duration of the loan. The higher either of these values are, the higher the simple interest.

Simple interest = loan x time x interest rate

Simple interest if the loan is paid off after 6 years: $12,500 x 6 x 0.056 = $4,200

Simple interest if the loan is paid off after 3 years: $12,500 x 3 x 0.056 = $2100

Interest saved = $4200 - $2100 = 2100

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Related Questions

Who knows this? I need help
#16

Answers

Answer:

Step-by-step explanation:

adjacent:   [tex]\angle BOC, \angle EOD[/tex]   (both are adjacent)

complementary:  [tex]\angle BOC[/tex]

supplementary:   [tex]\angle EOD[/tex]

vertical angles:   [tex]\angle AOE[/tex]

Consider a circle whose equation is x2 + y2 – 2x – 8 = 0. Which statements are true? Select three options. The radius of the circle is 3 units. The center of the circle lies on the x-axis. The center of the circle lies on the y-axis. The standard form of the equation is (x – 1)² + y² = 3. The radius of this circle is the same as the radius of the circle whose equation is x² + y² = 9.

Answers

Answer:

To determine which statements are true, we can use the standard form of the equation of a circle:

(x - h)^2 + (y - k)^2 = r^2

where (h, k) is the center of the circle and r is the radius.

Using this form, we can rewrite the given equation as:

(x - 1)^2 + y^2 = 3^2 + 1^2 = 10

Comparing this to the standard form, we can see that the center of the circle is (1, 0), so the statement "The center of the circle lies on the x-axis" is true. However, the statement "The center of the circle lies on the y-axis" is false.

To find the radius, we can rearrange the equation as follows:

x^2 - 2x + y^2 = 8

Completing the square for x, we get:

(x - 1)^2 + y^2 = 9

This shows that the radius of the circle is 3, so the statement "The radius of the circle is 3 units" is true, as well as the statement "The radius of this circle is the same as the radius of the circle whose equation is x² + y² = 9."

Therefore, the three true statements are:

1.The radius of the circle is 3 units.

2.The center of the circle lies on the x-axis.

3.The radius of this circle is the same as the radius of the circle whose equation is x² + y² = 9.

Step-by-step explanation:

hope its help <:

In ΔLMN, n = 27 inches, l = 70 inches and ∠M=149°. Find ∠N, to the nearest degree.

Answers

Using trigonometric functions, we can find that the value of the angle N is 3°.

What are trigonometric functions?

The six fundamental trigonometric operations make up trigonometry. Trigonometric ratios are useful for describing these methods. The sine, cosine, secant, co-secant, tangent, and co-tangent functions are the six fundamental trigonometric functions. On the ratio of a right-angled triangle's sides, trigonometric identities and functions are founded. Trigonometric formulas are used to determine the sine, cosine, tangent, secant, and cotangent values for the perpendicular side, hypotenuse, and base of a right triangle.

Here, using the cosine theorem:

CosM = n² + l² - m²/2nl

⇒ Cos 149° = 27² + 70² - m²/2 × 27 × 70

⇒ -0.981 = 729 + 4900 - m²/3780

⇒ 5629 - m² = -3708

⇒ m² = 9337.

Now Cos N = m² + l² - n²/2ml

= (9337 + 4900 - 729) / (2 × √9337 × 70)

= 0.9985

Cos N = 0.9985

Putting [tex]Cos^{-1}[/tex] on both sides:

[tex]Cos^{-1}[/tex] Cos N = [tex]Cos^{-1}[/tex] 0.9985

⇒ N ≈ 3°

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The complete question is:

In ΔLMN, n = 27 inches, l = 70 inches and ∠M=149°. Find ∠N, to the nearest degree.

each classroom has 6 rows of 5 desks. how many desks are thre in 45 classrooms?​

Answers

6 rows of 5 desks means that there are 30 desks within a classroom. To find the number of desks with 45 classrooms, multiply 30✖45.
The Answer is 1,350.

Hope this helps!

There are 1,350 desks in 45 classrooms that each have 6 rows of 5 desks.

What is an expression?

An expression contains one or more terms with addition, subtraction, multiplication, and division.

We always combine the like terms in an expression when we simplify.

We also keep all the like terms on one side of the expression if we are dealing with two sides of an expression.

Example:

1 + 3x + 4y = 7 is an expression.com

3 + 4 is an expression.

2 x 4 + 6 x 7 – 9 is an expression.

33 + 77 – 88 is an expression.

We have,

Each classroom has 6 rows of 5 desks.

So the total number of desks in one classroom.

= 6 rows x 5 desks per row

= 30 desks

To find the total number of desks in 45 classrooms, we can multiply the number of desks in one classroom by the number of classrooms.

= 30 desks per classroom x 45 classrooms

= 1,350 desks

Therefore,

There are 1,350 desks in 45 classrooms that each have 6 rows of 5 desks.

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PLEASE HELP WILL GIVE BRAINLIEST!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

The notation Σ-2 (3η + 5) is incorrect for representing the arithmetic series 8 + 11+ ... + 29.

The correct notation for the arithmetic series 8 + 11 + ... + 29 should be:

Σ_{i=1}^{11} (6i + 2)

The series has 11 terms, and each term can be found by adding 3 to the previous term, starting with the first term 8. Therefore, the general form of the series is 6i + 2, where i represents the index of the term in the series.

In contrast, the notation Σ-2 (3η + 5) appears to have multiple errors. The use of a negative index (-2) is not valid, as the index should start from 1 or 0. Also, the use of the Greek letter eta (η) instead of i as the index variable is unconventional and likely to cause confusion. Finally, the expression inside the parentheses does not appear to correspond to the terms of the arithmetic series.

The correct notation for the arithmetic series 8 + 11 + ... + 29 should be:

Σ_{i=1}^{11} (6i + 2)

To explain the error in the given notation Σ-2 (3η + 5), we can break it down as follows:

The use of a negative index (-2) is incorrect. The index of summation should always be a non-negative integer.

The use of the Greek letter eta (η) instead of i as the index variable is unconventional and may cause confusion or errors.

The expression inside the parentheses, 3η + 5, does not represent the terms of the arithmetic series. In particular, it does not involve the index variable i or the common difference 3.

Therefore, the correct notation for the given arithmetic series is Σ_{i=1}^{11} (6i + 2).

What is the measure of ∠m

Answers

Answer:

26° 180 -81 - 73 = 26

Step-by-step explanation:

Answer:

26

Step-by-step explanation:

triangle= 180

81 + 73 = 154

180 - 154= 26

The function S=m^(2)+6m+8 models the growth of book sales in m months, where S is an amount in thousands of dollars. In how many months do book sales reach $80,000 ?

Answers

Answer:

We are given the function S = m^2 + 6m + 8 which models the growth of book sales in m months, where S is an amount in thousands of dollars. We want to find in how many months book sales reach $80,000.

We can set up an equation as follows:

S = m^2 + 6m + 8 = 80

Subtracting 80 from both sides, we get:

m^2 + 6m - 72 = 0

We can factor this quadratic equation as:

(m + 12)(m - 6) = 0

This gives us two possible solutions:

m + 12 = 0 or m - 6 = 0

Solving for m in each case, we get:

m = -12 or m = 6

Since we are looking for a number of months, we can discard the negative solution.

Therefore, book sales reach $80,000 in 6 months.

So, the answer is: 6 months.

At age 25 ​, someone sets up an IRA​ (individual retirement​ account) with an APR of 4 ​%. At the end of each month he deposits ​$95 in the account. How much will the IRA contain when he retires at age​ 65? Compare that amount to the total deposits made over the time period.
Question content area bottom
Part 1
After retirement the IRA will contain ​$

enter your response here.
​(Do not round until the final answer. Then round to the nearest cent as​ needed.)

Answers

The formula for the future value of an annuity is FV = Pmt * (((1 + r)n - 1) / r) to calculate the balance of the IRA at age 65. To compare this amount to the total deposits made over the time period, Total Deposits = Pmt * n = $45,600.

How will you calculate the balance of the IRA?

To calculate the balance of the IRA at age 65, we need to use the formula for the future value of an annuity:

FV = Pmt * (([tex](1 + r)^n[/tex] - 1) / r)

Where:

Pmt = $95 (the monthly deposit amount)

r = 4% / 12 = 0.003333 (the monthly interest rate)

n = (65 - 25) * 12 = 480 (the total number of months, assuming retirement at age 65)

Plugging in these values, we get:

FV = 95 * (([tex](1 + 0.003333)^480[/tex] - 1) / 0.003333)

FV = $98,052.52

Therefore, the IRA will contain $98,052.52 at age 65.

Part 2

To compare this amount to the total deposits made over the time period, we can calculate the total deposits as:

Total Deposits = Pmt * n

Plugging in the values, we get:

Total Deposits = 95 * 480

Total Deposits = $45,600

Therefore, the IRA will contain significantly more than the total deposits made over the time period, due to the power of compounding interest.

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The surface area of a cylinder is given by the formula SA = 2r2 + 2rh. A cylinder has a radius of 12 cm and a surface area of 1,632 cm^2 . Find the height of the cylinder.


A. 52 cm

B. 56 cm

C. 59 cm

D. 34 cm

Answers

Using the given formula for the surface area of a cylinder, we can plug in the values we know and solve for the height h:

SA = 2r^2 + 2rh

1632 = 2(12^2) + 2(12)(h)

1632 = 288 + 24h

24h = 1344

h = 56 cm

the height of the cylinder is 56 cm.

State the principle of mathematical induction

Answers

The principle of mathematical induction is a method of proof used in mathematics to prove that a statement is true for all natural numbers.

It is based on the idea that if the statement is true for one number, then it can be used to prove that it is true for the next number. Mathematical induction can be expressed mathematically as follows:

Let P(n) be a statement involving an integer n

Base Case: P(m) is true for some m

Induction Hypothesis: Assume P(k) is true for some k>m.

Induction Step: Show that P(k+1) is true.

Therefore, P(n) is true for all n>m

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The proof shows that ABCD is a rhombus. Which of the following is the
missing reason?
A. Reflective property
B. Symmetric property
C. Transitive property
D. Addition property

Answers

The correct answer is B. Symmetric property.

The symmetric property states that if a = b, then b = a. In the context of geometry, this property can be used to show that if one side of a figure is congruent to another side, then the second side is also congruent to the first. In the case of the given proof, it is possible that the symmetry of the figure is used to show that opposite sides of the rhombus are congruent.

The reflective property (A) is not typically used to prove that a figure is a rhombus, as it relates to the reflection of a figure across a line. The transitive property (C) and the addition property (D) are also unlikely to be used in this context, as they relate to the properties of equality and addition, respectively, rather than geometric properties of figures.

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the great zlatan ibrahimović always scores a goal if he manages to take no less than six shots in a game (and sometimes he scores even without shooting). the following is a probability distribution of the number of shots zlatan ibrahimović must make to score a goal:

No. of shots Probability of scoring

0 0.02

1 0.13

2 0.34

3 0.32

4 0.16

5 0.02

6 0.01


(A). Calculate the expected ( mean) number of shots he takes to score a goal ?

(B). Calculate the standard deviation of the distribution.

Answers

a) The expected (mean) number of shots that Zlatan Ibrahimović must make to score a goal is 3.11.

b) The standard deviation of the distribution is 2.46.

How are the expected number and standard deviation computed?

The expected number or mean (μ) of a distribution is computed as sum resulting from the multiplication of each value of the random variable by its probability and adding the products.

The formula for the mean is given as E(x) = ∑x P(x).

On the other hand, to compute the standard deviation (σ) of a probability distribution, we find each deviation from its expected value, square it, multiply it by its probability, add the products, and take the square root.

No. of shots    Probability    Expected        Squared      Squared Deviation

                       of scoring    No. of shots     Deviation     x Probability

0                         0.02               0                   9.6721            0.193442

1                          0.13                0.13               8.8804           1.154452

2                         0.34               0.68              5.9049          2.007666

3                         0.32               0.96              4.6225          1.4792

4                         0.16                0.64              6.1009          0.976144

5                         0.02               0.1                9.0601            0.181202

6                         0.01               0.6                6.3001            0.063001

The expected (mean)

 number of shots =                3.11                                     6.055107

Standard Deviation = Square root of 6.055107 = 2.46

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Dave bought a new game for $28. The tax rate was %7. How much was the tax and the total price?

Answers

The tοtal price οf the game including tax is $29.96.

What are the variοus types οf taxes?

Physical assets such as prοperty and transactiοns such as the sale οf stοck οr a hοme are subject tο taxatiοn. Taxes include incοme, cοrpοrate, capital gains, prοperty, inheritance, and sales taxes.

Because the tax rate is 7%, the tax amοunt is 7% οf the purchase price. Tο calculate the tax, multiply the purchase price by the tax rate expressed as a decimal:

0.07 x $28 = $1.96 in taxes

As a result, the purchase tax is $1.96.

Tο calculate the tοtal price, add the purchase price and the tax:

Purchase price + Tax = Tοtal Price

Tοtal cοst: $28 + $1.96 = $29.96

As a result, the tοtal cοst οf the game, including tax, is $29.96.

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