Melissa Costouras obtains a $3,000 loan for darkroom equipment. She makes six monthly payments of $511.18. Determine the APR.

Answers

Answer 1

Using the simple interest formula, it is found that the APR for the loan is of 4.472%.

What is the simple interest formula and when it is used?

Simple interest is used when there is a single compounding per time period.

The amount of money after t years in is modeled by:

[tex]A(t) = A(0)(1 + rt)[/tex]

In which:

A(0) is the initial amount.r is the interest rate, as a decimal.

The parameters for this problem are:

A(t) = 6 x 511.18 = 3067.08, A(0) = 3000, t = 0.5.

We solve the equation for r to find the APR.

[tex]A(t) = A(0)(1 + rt)[/tex]

[tex]3067.08 = 3000(1 + 0.5r)[/tex]

[tex]1 + 0.5r = \frac{3067.08}{3000}[/tex]

1 + 0.5r = 1.02236

r = (1.02236 - 1)/0.5

r = 0.04472.

More can be learned about simple interest at https://brainly.com/question/25296782

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Related Questions

Faucet filled 2gallon pot in 5/6 minute how many gallons in minute

Answers

Answer:

12/5 gallons/minute, or 2 2/5 gallons/minute

Step-by-step explanation:

Find the unit rate with time as the independent variable:

2 gallons

---------------- = 12 gallons / 5 minutes = 12/5 gallons/minute

5/6 minute

Answer:

.41666 or 5/12 Gallons per minute

Step-by-step explanation:

5/6 divided by 2

use the graph of each function to estimate the indicated function values. Then confirm the estimate algebraically. Round to the nearest hundredth, if necessary​

Answers

Answer:

c)

Step-by-step explanation:

çünkü öyle olmalı

What is 7a - 9> 2 (4a + 1)

Answers

Answer:

a<-11

Step-by-step explanation:

F(x)= 3x+4
find inverse, domain, at range of the function and it's inverse.

Answers

Answer:

12

вот правильный ответ

I need help asap
I will need help finding a and b

Answers

Answer:

(a) [tex]s = 2.56[/tex]

(b) [tex]s = 1.71[/tex]

Step-by-step explanation:

Given

Tables (a) and (b)

Required

Determine the standard deviation

For (a):

[tex]\bar x = 11.5[/tex] --- mean

The standard deviation is calculated as:

[tex]s = \sqrt{\sum np(1-p)}[/tex]

This gives:

[tex]s = \sqrt{5*0.1*(1-0.1) +10 * 0.5 * (1 - 0.5) + 15 *0.4*(1-0.4) }[/tex]

[tex]s = \sqrt{5*0.1*0.9 +10 * 0.5 * 0.5 + 15 *0.4*0.6 }[/tex]

[tex]s = \sqrt{6.55}[/tex]

[tex]s = 2.56[/tex]

For (b):

[tex]\bar x = 4.4[/tex] --- mean

The standard deviation is calculated as:

[tex]s = \sqrt{\sum np(1-p)}[/tex]

This gives:

[tex]s = \sqrt{1*0.2*(1-0.2) +3 * 0.3 * (1 - 0.3) + 5 *0.1*(1-0.1) + 7*0.4*(1-0.4)}[/tex]

[tex]s = \sqrt{1*0.2*0.8 +3 * 0.3 * 0.7 + 5 *0.1*0.9 + 7*0.4*0.6}[/tex]

[tex]s = \sqrt{2.92}[/tex]

[tex]s = 1.71[/tex]

De acuerdo a la siguiente imagen, selecciona la opción que muestre la operación que permite llegar al número encerrado en color rojo.



Answers

Answer:

2?

Step-by-step explanation:

I think im wrong/ creo que estoy mal?!

for each ordered pair determine wheatear it is a solution to 2x

Answers

all you have to do is plug in the x and y values for each ordered pair into the left hand side of the equation and see if you get 15 = 15. If you do, the ordered pair is a solution; otherwise it is not a solution. For example, let's try (-2,-3); that is x = -2 and y = -3:

2x - 9y = 15
2(-2) - 9(-3) = 15
-4 - (-27) = 15
-4 + 27 = 15
23 = 15

This is obviously not true, so (-2,-3) is not a solution. Now you try it on each of the ordered pairs given in the problem statement.

round 3 2/3 to the nearest whole number ​

Answers

Answer:

3 2/3 can be converted into proper fraction like this

3*3+2←numerator

3 itself ← denominaor

So, we have 11/3

Nearest to 11/3 will be 4

A picture shows the net of the lateral surface of the cone. Which statement about this cone is NOT true?

Answers

Answer:

Area of the Net is incorrect

Step-by-step explanation:

Base Surface Area =  π×12^2

=  452.38934211693 inches^2

Lateral Surface Area =  π×12×√12^2 + 15^2

=  724.1762903163 inches^2

Total Surface Area = 1176.5656324332 inches^2

Write the word sentences as an equation! Half of a number q is 14.

Answers

Answer:

q/2=14

I hope this helped you :)

F(x) = 3 + 4x G(x) = 6x + 7

I) find fg(x)

Answers

Answer:

See the attached document

The top missing part of the screenshot says : Every year, a dog sled race is held in Alaska and is approximately 1,150 miles in distance. Information about the top three racers is listed below.

Answers

Answer:

-The equation that represents the approximate distance Aaron's dog sled team travels over time is Y = 5.32X.

-The equation that represents the approximate distance Dallas' dog sled team travels over time is Y = 5.48X.

-The equation that represents the approximate distance Mitch's dog sled team travels over time is Y = 5.42X.

Step-by-step explanation:

Given that every year, a dog sled race is held in Alaska and is approximately 1,150 miles in distance, based on the listed information, the speed rate of every racer is:

Aaron = 575 miles in 4 days and 12 hours = 575 miles in 108 hours = 5.32 mph

Dallas = 1,150 miles in 8 days and 18 hours = 1,150 miles in 210 hours = 5.476 mph

Mitch = 287.5 miles in 2 days and 5 hours = 287.5 miles in 53 hours = 5.42 mph

Therefore, the correct answers are:

-The equation that represents the approximate distance Aaron's dog sled team travels over time is Y = 5.32X.

-The equation that represents the approximate distance Dallas' dog sled team travels over time is Y = 5.48X.

-The equation that represents the approximate distance Mitch's dog sled team travels over time is Y = 5.42X.

Point smtr located at (-6,13) and (8,13) on the coordinate plane want is the distance between these to points

Answers

Answer:

14 points in between

Step-by-step explanation:

just count how many spaces are in between those points on the graph

someone answer this please

Answers

Answer:

D) -4(-1) > 2 is a true statement

Step-by-step explanation:

A) 3 < 0  False

B) -6 > -1  False

C) 0 < -4  False

5/6+5/12

For brainliest

Answers

Answer:

5/4

Step-by-step explanation:

5/6+5/12

or, {(5×2)+5}/12

or, 15/12 = 5/4

The answer to this question is 5/4

Julissa earns $13 per hour. If her regular hours are 40 hours per week, and she receives double time overtime,
find her total pay for a week in which she works 45 hours.

Answers

Answer:

1,040 dollars

Step-by-step explanation:

Solve The systems of equation using any method
4×+3y=2 3x-3y=-9​

Answers

x = -1, y= 2 is the correct answer

Can you help me here pls thx very much What is 52% of 25

Answers

Answer:

13

Step-by-step explanation:

52% of 25 is 13. Write 52% as 52/100
Since, finding the fraction of a number is same as multiplying the fraction with the number, we have 52/100 of 25 = 52/100 x 25 so the answer is 13. Now if you’re using a calculator just do 52/100x25 which would give you 13 just using a different and faster way.

A circular garden is being designed so that it has a diameter of 15 feet. Fencing needs to be
put up around the garden at a cost of $2.75 per foot of fencing. Fencing can only be bought
in whole feet lengths.
(a) How many feet of fencing should be bought? (b) How much will the fencing cost?

Answers

Answer:

15 feet and the cost is $41.25

Step-by-step explanation:

Pls help asap!(this question is worth 20 points!)picture down below says question

Answers

Answer:

138

Step-by-step explanation:

c=5

d=4

6c^2-5d+8

substitute c & d

6(5)^2-5(4)+8

6(25)-20+8

150-20+8 = 138

Elizabeth picked ⅔ off a row of strawberries from her garden. How many rows will Elizabeth have picked if she does this for 4 days?

Answers

2 2/3 rows

4x2=8 (8/3)
8/3= 2 2/3

a. A 5in radius ball is in a
box such that all six sides of
the box are touching the ball.
What percent of the space in
the box is being taken up by
the ball?

Answers

Answer:

52.33%

Step-by-step explanation:

Since, all six sides of the box are touching the ball.

So, all the three dimensions of the box are equal.

Hence, it is a cubical box.

Side length of the box (l)

= diameter of the ball

= 2*radius of the ball

= 2*5

= 10 In.

[tex] V_{ball} = \frac{4}{3} \pi r^3 [/tex]

[tex] V_{ball} = \frac{4}{3} \times 3.14(5)^3 [/tex]

[tex] V_{ball} = \frac{4}{3} \times 3.14\times 125 [/tex]

[tex] V_{ball} = \frac{1,570}{3}\: In^3 [/tex]

[tex] V_{box} =l^3 [/tex]

[tex] V_{box} =(10)^3 [/tex]

[tex] V_{box} =1000\: In^3 [/tex]

Percentage of the space in the box occupied by the ball

[tex] = \frac{V_{ball}}{V_{box} } \times 100 [/tex]

[tex] = \frac{\frac{1,570}{3}}{1000} \times 100 [/tex]

[tex] = \frac{1570}{3000} \times 100 [/tex]

[tex] = \frac{157}{3} [/tex]

[tex] = 52.33\% [/tex]

READ AND ANALYZE THE PROBLEM. ANSWER
EACH QUESTION
Below.
AT IMER'S GROCERY STORE. PRIDE POWDER
SOAP A
6 PIECES SACHET SELL PHP 28.50
How much tHE COST of EACH SACHET?
1. WHAT IS ASKED? _______
2. WHAT ARE GIVEN FACTS?_____
3.WHAT OPERATION TO BE USED?_____
4. WHAT IS THE NUMBER OF SENTENCE? _______
5. SOLVE, LOOK BACK AND LABEL Your
CORRECT ANSWER. . _____​

Answers

Answer:

4.75 if you don't have to convert it to US dollars.

Step-by-step explanation:

1. The question is asking how much is the cost of each sachet.

2. One given fact is that 6 pieces of a sachet cost 28.50.

3. Division.

4. Can't tell if you're asking for the equation but 28.50 / 6 = 4.75. Or do 28.50 / 6 = c

5. 4.75.

If they're asking you to convert it into united states dollars:

1. It's asking how much is the cost of each sachet.

2. One given fact is that 6 pieces of a sachet cost 28.50.

3. Division.

4. Can't tell if you're asking for the equation but 28.50 / 49 = 0.58163265306 (0.59 if you round it) Or do 28.50 / 49 = c

5. 0.59.

Tbh I just used g00gle and converted philiphine pesos to USD (United States) dollars, if it's not right, then sorry-

Hope this helped!!

what is the sum of213,857?

Answers

Answer:

1079

Step-by-step explanation:

213

+857= 1070

sum means addition .

I need help grades due tomorrow in a little

Answers

Answer:

3) Each cookie costs $2.75

Step-by-step explanation:

That statement is true based on the graph.

Each cookie cost $2.75
Because you can divide them all by $2.75 which gives you how many cookies so $2.75 is the correct answer

What is the distance, in units, between A(-4,-4)and (0,-2)

Answers

Answer:

2√5 ≅ 4.47

Step-by-step explanation:

Given: F(x) = 3x2+ 1, G(x) = 2x - 3, H(x) = x

F(3) + G(4) - 2H(5) =

Answers

Answer:

These are functions, you must operate accordingly

Step-by-step explanation:

is the 2 in 3x2 an exponent

if it is the answer is 81

Need answer fast please I will give brainliest to first person with answer

Answers

Answer: add 7, giving 9, result by 6, giving x=54

Step-by-step explanation:

So, working backward, first add 7 to 2, giving 9. Then multiple that result by 6, giving x = 54.

x/6 - 7 = 2

x/6 = 2+7

x/6 = 9

x = 9 • 6

x = 54

Hope it helps!

Select the correct answer.
The table represents quadratic function g. Which statement is true about the function?
-5
-4
-3
-2
-1
0
- 1
0
-1
-4
-9
- 16
A.
The maximum occurs at the function's x-intercept.
B.
The minimum occurs at the function's x-intercept.
C.
The maximum occurs at the function's y-intercept.
D.
The minimum occurs at the function's y-intercept.

Answers

i’m pretty sure the answer is c

can someone please help my question is the sum of six and c

Answers

Answer: i dont know

Step-by-step explanation:

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