Nellie has a bankruptcy on her credit report and therefore pays higher interest rates on her current loans. she took out a car loan for $45,000 payable for 6 years at an interest rate of 15%. if she had not applied for bankruptcy, she would have been able to take out the loan at a rate of 6%. approximately how much more in interest over the life of the loan does nellie have to pay? a. $68,510.16 b. $53,696.16 c. $32,206.32 d. $14,814.00 please select the best answer from the choices provided a b c d

Answers

Answer 1

The amount more in interest over the life of the loan which Nellie have to pay is $14814.

What is bankruptcy?

Bankruptcy is the procedure by which the people who are unable to pay the debts to creditors, may get relief from some or all the debts.

Nellie has a bankruptcy on her credit report and therefore pays higher interest rates on her current loans.

Nellie took out a car loan for $45,000 payable for 6 years at an interest rate of 15%. Thus, the interest is,

[tex]I=\dfrac{45000\times6\times15}{100}\\I=40500[/tex]

If she had not applied for bankruptcy, she would have been able to take out the loan at a rate of 6%. In this case, the interest paid would be,

[tex]I=\dfrac{45000\times6\times6}{100}\\I=16200[/tex]

The difference between the interest paid would be,

[tex]I=40500-16200\\I=24300[/tex]

Hence, the amount more in interest over the life of the loan which Nellie have to pay is $14814.

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Related Questions

Solve for b in the literal equation a b = c.

Answers

Answer:

b = [tex]\frac{c}{a}\\[/tex]

Step-by-step explanation:

divide both sides by a

OR

bring the a over to the other side and put it under the c as the opposite of times is divide

In the equation x + y = 6, find the value of x if y = 2
A. 2
B. 4
C. 6
D. 12

Answers

Answer: B

Step-by-step explanation:

En el grupo
de prmero A hay28 alumnos, 17 de ellos levantaron la mano¿Qué porcentaje del 2 puntos
grupo
votó?
*
60%
h
0 36%
65%
69%

Answers

Noseeee aunque se ve fácil

The coordinates of the three vertices of a square are shown in the figure. What are the coordinates of the fourth vertex?

Answers

Answer:

(-2, 1)

Step-by-step explanation:

The 4th point must be vertically above (-2, -4) and horizontally to the left of (3, 1).

Its coordinates are (-2, 1).

HELP ME PLEASE:(:(:(

Answers

Here are the first three the last -I’m always scared to work with fractions lol

Answer:

Step-by-step explanation:

42. -5  -2   -2   3   8

What is the slope of the line that contains these points?

Answers

The slope can be found with two sets of points

The points can be any points, but in this case I choose the point (-1,10) and (1,2)

Slope = [tex]\frac{y2-y1}{x2-x1} =\frac{10-2}{-1-1} =\frac{8}{-2} =-4[/tex]

The slope of the line that contains these points is -4.

Hope that helps!

plz help asap
Construct an equation from the values given in the table

Answers

Answer:

y = 3x + 1

Step-by-step explanation:

the angle measures of a triangle in the diagram.
choose
15
45
12
30​

Answers

Answer:

Step-by-step explanation:

( 3x )° + ( 2x - 15 )° + 45° = 180°

5x + 30 = 180

5x = 150

x = 30

45° , 90° , 45°

Express
2x^2 + 8x + 3
in the form 2(x + p)^2+q

Answers

2(x+p)^2+q=2x^2+4px+(2p^2+q), compare with ..... 2x^2 + 8x+3 p=2,W=3-2p^2=-5, so the result is 2(x+2)^2-5

Hey guys wnna talk for a bit?

Answers

Answer:

what do u want to talk about

Step-by-step explanation:

Santiago's Snow Globes designs custom snow globes. To ship a recent large order, Santiago's Snow Globes first packed individual snow globes in cube-shaped boxes with edges 6 inches long. The boxes were packed into a larger shipping container until it was completely full. The shipping container is shaped like a rectangular prism that is 24 inches long, 24 inches wide, and 30 inches tall

Answers

The number of boxes packed to fill the rectangular prism shaped container is: 80 boxes.

What is the Volume of a Rectangular Prism?

Volume = length × width × height.

Find the volume of one cube-shaped box:

Volume = 6 × 6 × 6 = 216 in³

Find the volume of one rectangular prism:

Volume = length × width × height = 24 × 24 × 30 = 17,280 in³.

Number of boxes packed to fill the rectangular prism shaped container = 17,280/216 = 80 boxes.

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Suppose y varies directly as x, and y = 5.4 when x = 9. Find x when y = 24.

Answers

Answer:

[tex]x = 40.[/tex]

Step-by-step explanation:

[tex]if \: \: y = kx \: then \\ k = y \div x \: and \: x = y \div k \\ so \: k = 0.6 \: and \: x = 40 \: when \: y \: is \: 24.[/tex]

Cindy wants to paint a border around her circular picture frame. The
distance around the frame was 18 inches. What is the approximate
diameter of the picture frame?
O 12 in
5 in
6 in
13 in

Answers

Answer

6 inches

Step-by-step explanation:

Don’t need an explanation just an answer pls <3

Answers

The y-intercept is (0,2)

you can find the y-intercept by finding the value of y when x = 0

The slope is -5/2.

you can find the slope by using the equation below and any two points on the line, such as (0,2) and (2,-3)

                [tex]\frac{y2-y1}{x2-x1}=\frac{-3-2}{2-0}=\frac{-5}{2} =-\frac{5}{2}[/tex]

Hope that helps!

Answer:

y- intercept is (0, 2)

Slope is -5/2

Rewrite using the distributive property

Answers

Answer:

7m + 7n or 7(m + n)

A student adds 10 grams of four different powdered solids into four different beakers. The student then adds 100 mL of water to each beaker, stirs the mixtures, and allows them to sit for half an hour before recording observations. Which question is the student most likely trying to answer with this investigation?

Answers

Answer:

Which substance dissolves in water?

Step-by-step explanation:

The student adds the same amount of substance of different types i.e., 10 grams to each beaker and the same amount of water i.e., 100 mL to each beaker. All of them are stirred and observations are taken down at the end of thirty minutes.

That is all that is mentioned in the question. The student is most likely measuring which substance dissolves in water. As all the other variables are kept constant.

So, the student here is most likely trying to answer the question "Which substance dissolves in water?"

Find the supplementary and complementary angle for 49°

Answers

supplementary: 131
complementary: 90

***ASAP PLEASE***

A brand new smartphone costs $1200. It decreases in value by 13. 3% every year

after its purchase. Which function models the value of the phone x years after its

puchase?


A. F(x) = 1200(0. 867)^x

B. F(x) = 1200(1. 133)^x

C. F(x) = 1. 133(1200)^x

D. F(x) = 0. 867(1200)^x

Answers

The function of the brand new smartphone is an exponential function

The function that models the value of the phone x years after its puchase is f(x) = 1200(0.867)^x

How to model the function?

The given parameters are:

Initial value (a) = $1200

Rate (r) = 13.3%

An exponential function that represents a decrement in value is illustrated using:

[tex]f(x) = a(1 - r)^x[/tex]

Substitute known values

[tex]f(x) = 1200(1 - 13.3\%)^x[/tex]

Evaluate the difference

[tex]f(x) = 1200(0.867)^x[/tex]

Hence, the function that models the value of the phone x years after its puchase is f(x) = 1200(0.867)^x

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A system of linear equations is given by these equations 3y-2x=-9 y=-2x+5 The solution to this system is

Answers

Answer:

(3, -1) or x=3, y=-1

Step-by-step explanation:

using substitution for y, the first equation becomes 3(-2x + 5) - 2x = -9

distribution of the 3 gets your equation to be -6x + 15 - 2x = -9

from here you combine like terms to get -8x + 15 = -9

from here it's just a two step equation

subtract 15 from both side to get -8x = -24

divide and get x = 3

substitute x in the equation for y to get y = -2(3) + 5

distribution gets you y = -6 + 5, which makes y = -1

to check your work you can just plug in the variables equivalents in the first equation, which upon doing you can see that the answer is indeed 3, -1

Answer:

(3,-1)

Step-by-step explanation:

Plato

SOMEONE HELP A GIRL OUT PLSSALOT OF POINTS ​

Answers

GiRL i got u period go subscribe to my utube and follow my ing at iiam.sneek

Answer:

I think it is the second option

Step-by-step explanation:

You want to build a sandbox for your little brother. You know you need to buy wood to frame the outside of the box. If the dimensions of the box will be 6ft by 8ft, how many feet of lumber will you have to buy?

Answers

Answer:

48ft²

Step-by-step explanation:

I am not sure, but thinking it as a rectangle,

area of rectangle= l×b=6×8=48ft²

a. 36 ft
b. 6 ft
c. 12 ft
d. 3 ft

Answers

6ft B is the correct answer

What is the standard form of the following equation? 4x2 + 9y2 + 24x – 36y + 36 = 0

Answers

Answer:

[tex]\frac{ (x+3)^2}{9} + \frac{ (y-2)^2}{4} =1[/tex]

-step explanation:

The standard form of the given equation was reduced, representing an ellipse.

The given equation is:

[tex]4x^{2} +9y^{2} +24x-36y+36=0[/tex]

What is an equation?

An equation is a statement that equates to two expressions.

We know the above equation represents an ellipse.

Rearranging the given equation

[tex]4x^{2} +24x+9y^{2} -36y+36=0[/tex]

[tex]4(x^2+6x)+9(y^{2} -4y)+36=0[/tex]

[tex]4(x^2+6x+9)+9(y^{2} -4y+4)=36[/tex]

[tex]4(x+3)^2+9(y-2)^2=36[/tex]

[tex]\frac{4(x+3)^2}{36}+\frac{9(y-2)^2}{36} =1[/tex]

[tex]\frac{(x+3)^2}{9}+\frac{(y-2)^2}{4} =1[/tex], which is the standard form of the given equation.

Hence, the standard form of the given equation was reduced.

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Write an equation for the line in slope-intercept form.

Answers

Answer:

y=2x+2

Step-by-step explanation:

the equation for slope intercept form is y=mx+b where b is the y intercept and m is the slope. From the graph we can see that where x is 0 y is 2 which makes 2 be the y intercept, and when x is 1 y is 4 which then you replace y for 4 and x for 1 which would be 4=m(1)+2,now u subtract 2 from both sides which leaves you with 2=m(1) and m times 1 is m so now your left with 2=m which means the slop is 2

Paul has a 3/4 inch long bolt. he buys a bolt that is longer 1/8 and a bolt that is inch shorter 3/4 - inch than the bolt. what are the lengths of the two bolts he buys?

Answers

Answer:

Step-by-step explanation:

The first bolt he buys has length 3/4 in plus 1/8 in, which comes out to

6/8 + 1/8 inch, or 7/8 inch.

The second bolt length cannot be determined using the information given:  "3/4 - inch shorter."  Ensure that you have copied down this probjem completely and accurately.

How much is 4 dollars 5 quarters 4 nickels and 1 pennies

Answers

Answer:

$5.55

Step-by-step explanation:

Given the following question:

We are given 4 dollars, 5 quarters, 4 nickels, and 1 penny.

[tex]1d=1d[/tex]
[tex]4=4[/tex]

[tex]1q=0.25[/tex]
[tex]0.25\times5=1.25[/tex]
[tex]5q=1.25[/tex]

[tex]1n=0.5[/tex]
[tex]0.5\times4n=0.20[/tex]
[tex]4n=0.20[/tex]

[tex]1p=0.1[/tex]

[tex]4+1.25+0.20+0.1=5.55[/tex]
[tex]=5.55[/tex]

The money together in total is worth "$5.55."

Hope this helps.

Elena and her mom are on a road trip outside the United States. Elena sees this road sign (Maximum 80). Elena's mom is driving 75 miles per hour when she gets pulled over for speeding. The police officer explains that 8 kilometers is approximately 5 miles. If the speed limit is 80 kilometers per hour, and Elena's mom was driving 75 miles per hour, was she speeding? How many kilometers per hour was she OVER THE SPEED limit of 80kph?

Answers

Given :

Maximum speed limit, s = 80 km/hr

Elena's mom is driving at u = 75 mph.

The police officer explains that 8 kilometres is approximately 5 miles.

To Find :

Was she speeding and by how many km/hr.

Solution :

It is given that 8 km = 5 miles

So,

[tex]1\ miles=\dfrac{8}{5}\ km\\\\1\ miles = 1.6\ km[/tex]

Now, Speed of Elena's mom in km/hr is :

[tex]Speed =\dfrac{75\ miles\times\dfrac{1.6\ km}{1\ miles} }{1 \ hour}\\\\Speed = \dfrac{120\ km}{1 \ hour}\\\\Speed = 120\ km/hour[/tex]

Yes, she is over speeding and by ( 120 - 80 ) = 40 km/hr.

Hence, this is the required solution.

Elena's mom was driving at 120 km per hour, with which she was effectively speeding, exceeding the allowed speed by 40 km per hour.

To determine if Elena's mom was speeding and to determine how many kilometers per hour was she over the speed limit of 80kph the following calculation should be performed:

5 = 8 75 = X 75 x 8/5 = X 120 = X

Therefore, Elena's mom was driving at 120 km per hour, with which she was effectively speeding, exceeding the allowed speed by 40 km per hour.

Learn more in https://brainly.com/question/25504406

Need help on this question

Answers

Answer:

Step-by-step explanation:

The perimeter of a rectangle is 40 units. The length of the rectangle, L, is 7 units.

Answers

Answer:

L=7

W=13

Perimeter=40

Area=91

Step-by-step explanation:

Perimeter = 2L+2W

40=2(7)+2W

40=14+2W

-14  -14

26=2W

Divide both sides by 2

13=W

Area=L x W

7 x 13 = 91

Answer:

length = 7 units

width = 13 units

area = 91  square units

perimeter = 40 units

Step-by-step explanation:

What is the area of a rectangle?

  ❖ The area of a rectangle can be found by multiplying the length and

       width of the rectangle.

What is the perimeter of a rectangle?

  ❖ The perimeter of a rectangle is the sum of all sides- length and

       width. In this case, we're given the perimeter as 40 units and the

       length as 7 units, but the width is unknown. Formula to find

       perimeter of rectangle is 2(l + w) = P.

Solving for Width

[tex]40=2(7+w)[/tex] [tex]40=14+2w[/tex] [tex]26=2w[/tex] [tex]w=13[/tex]

Solving for Area

[tex]7*13[/tex] 91 square units

Question 3 (1 point)
Gerrit cole's salary pitching for the Yankees in 2020 is $36,000,000. Cole averages about 2,000 pitches each year. About how much money does
Gerrit cole make per pitch?

Answers

Answer:

18,000$ per pitch

Step-by-step explanation:

You divide 36,000,000 by 2,000 and there's your answer.

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