Suppose that you borrow ​$16000 for 5 years at 8% toward the purchase of a car. Find the monthly payments and the total interest for the loan.

Answers

Answer 1

The total interest on the loan and monthly payments are $64,000 and $ 1,333.3 respectively

The formula for calculating the simple interest is expressed as:

I = PRT

P is the amount borrowed = $16,000R is the rate  = 8% = 0.08T is the time = 5 years

Get the interest;

I = 16,000 * 0.8 * 5

I = $64000

Amount after 5 years = 16000 + 64000

Amount after 5 years  = $80,000

Monthly payment  = 80000/60months

Monthly payment = $1,333.33

Hence the total interest on the loan and monthly payment are $64,000 and $ 1,333.3 respectively

Learn more on interest here: https://brainly.com/question/10488979


Related Questions

Part B
Transform the equation that you identified in part A so the variable k is alone on one side of the equation.

Answers

Answer:

Start with the original equation.

k + a = 500

Subtract a from both sides of the equation.

k + a – a = 500 – a

           k = 500 – a

Step-by-step explanation: this was my edmentum answer

I really need help. Can someone help me with making a linear, quadratic and exponential models. All models need to include the regression line, regression equation and the coefficient of determination.

Answers

y=2500x^1+ i d k i can't see the y-intercept

if f(x)= -2x^3 +14-8
if g(x)= 2x+6
find p(x) and g(x)
hurry upp please

Answers

Answer:x=3

Step-by-step explanation:

Lunch trays are stacked in
4 stacks with 25 trays in
each stack. How many
lunch trays are in the stacks
altogethere Show your
work.

Answers

Answer:

4 stacks and 25 in each stack

its asking you what is the total so

25*4=100

so 100 trays altogether

Answer:

100

Step-by-step explanation:

25+25+25+25

50+50

100

Help help help help hell

Answers

Answer:

m = N - f

Step-by-step explanation:

The original equation:

N = m + f

if we have to solve for m, then we have to isolate it, so subtract f from both the sides and that would be the answer.

Hope this helps!

tret
) Write a system of equations to describe the situation below, solve using any method, and
fill in the blanks,
4) Miss Ellison is getting married soon. She would like to hire a professional who will come
to her house and do hair and makeup for the bridal party on her wedding day. She has
narrowed it down to two possible choices. A woman from Oxford Salon charges an initial fee
of $34 and then an additional $13 per hour. Alternatively, a team from Beauty by Charlie
offers a free consultation and then charges a higher hourly rate of $30. If it takes a certain
amount of time to finish everyone's hair and makeup, Miss Ellison will end up paying the
same amount either way. How long would that take? How much would Miss Ellison end up
paying?
hours, to finish everyone's hair and makeup, Miss Ellison will end up
It it takes
paying $

Answers

The two equations expressed in this scenario will be

y = 13x + 34

And

y = 30x

I like substitution, so let’s use that

Plug in y = 30x for y in the first equation

30x = 13x + 34

Subtract

17x = 34

x = 2

Plug in 2 for x in any equation

y = 30(2)

y = 60


It would be 2 hours and she would pay $60 dollars

Write a polynomial function with given zeros √8, √10

Answers

Answer:

y = x^2 - (sqrt(8) + sqrt(10))x + sqrt(80)

Step-by-step explanation:

we do y = (x- sqrt8)(x -sqrt10) and simplify

write an expression for "f increased by 3"

Answers

Answer:

f+3

incresed means +

Answer:

The expression for 'f increased by 3' will be f+3.

Step-by-step explanation:

This means that 3 will be added to 'f'. Since, 'f' is a variable and '3' is a numeral, therefore they cannot be added. The expression for it will be f+3.

Have a great day! :D

An elevator travels 310 feet in 10 seconds.

1. At that speed, how far can this elevator travel in 12 seconds?

Answers

Answer:

372

Step-by-step explanation:

1 sec=31 feet

10 sec=310 feet

12 sec=372 feet

2.
Use the quadratic model y = -4x^2 + 8x + 8 to predict y if x equals 100.

A. 39,208

B. –40,792

C. –39,192

D. 40,808

Answers

Answer:  I can't find the answer :(

Step-by-step explanation: :(                                                                                                  

Answer:

-4*100^2 + 8 *100 + 8

-4 * 100^2 + 800 + 8

-4 * 10000 + 808

-40000 + 808

= -39192

-39192 is the answer

Step-by-step explanation:

PLEASE HELP ME I AM CONFUSED
Sara bought 3 4 of a pound of bananas and 3 5 of a pound of pears. How much fruit did Sara buy?

Answers

Answer:

69

Step-by-step explanation:

because 34plus 35 will give you 69

Jon paid $40 for a shirt, but later that week the
price had been raised by 15%...how much did
the shirt go up?

Please give a walk through ty

Answers

Answer:

15% of 40 is 6

9514 1404 393

Answer:

  $6

Step-by-step explanation:

15% is the ratio of the price increase to the original price.

As a fraction 15% = 15/100 (fifteen hundredths).

As a decimal, 15% = 0.15 (fifteen hundredths).

__

The statement about the price increase is telling you ...

  (increase)/(original) = 0.15

Multiplying by the original price, we get ...

  (increase) = 0.15×(original) = 0.15 × $40 = $6.00

The price of the shirt went up $6.00.

Please help this is due tomorrow and I have no idea what to do

Answers

Yes for the first one beacuse of the numbers on the graph

Step-by-step explanation:

#1

Yes

If you connect the points plotted, they will form a line and will pass through the origin.

This is indication of the proportional relationship.

The equation of circumference is:

C = 2πr

Since 2π is a constant value, the equation above represents a proportional relationship.

#2AC is the dimeter#3DB is the radius#4Circumference is the perimeter of the circle.


How would the numbers -40, 0, and 40 appear on a horizontal number line?

A. 0 on the left end, -40 in the middle, and 40 on the right end

B. 0 on the left end, and both 40 and -40 on the right end

C. 40 on the left end, 0 in the middle, and -40 on the right end

D. -40 on the left end, 0 in the
middle, and 40 on the right end
SUBMIT

Answers

Check the picture below.

solve the following question​

Answers

Answer:
81
Explanation:
[(2^2) (3^4) (12^3)]/[(2^5) (6^3)]
Whenever you have a number that can be separated into parts you can and give the same exponent:
[(2^2) (3^4) (2^3x2^3x3^3)]/[(2^5)(2^3x3^3)]
Whenever you multiply two terms with the same base, you can add the exponents:
=[(2^8)(3^7)]/[(2^8)(3^3)]
Take both 2^8’s out
=(3^7)/(3^3)
Whenever you have two exponents with the same base divided you just subtract the exponents:
=3^4
=81
The answer is 81

Please find attached photograph for your answer.

Hope it helps.

Do comment if you have any query.

On a recent vacation to the Philippines, Sama bought milk from two different stores. What is the difference in price between the two-unit rates for each carton of milk?
and
Derrick earns $14 per hour working at Pizza Palace. What will Derrick's new hourly rate be after a 4.5% raise.

Please solve this correctly. I will give Brainliest.

Answers

Answer:

yes because that are true

It’s for pre college

Answers

Answer:

Step-by-step explanation:

y = mx + b for line through (7, 4) and perpendicular to -5x + 9y = - 71

perpendicular lines have negative reciprocal slopes

-5x + 9y = - 71

9y = 5x - 71

y = (5/9)x - 71/9

so a perpendicular line will have slope -9/5

y = (-9/5)x + b

plug in our desired point

4 = (-9/5)7 + b

4 = -63/5 + b

20/5 = -63/5 + b

b = 83/5

y = (-9/5)x + 83/5

5y = -9x + 83

A sum of money was shared between Joan and Ngozi in the ratio 5:3. If Joan share was 40.00naira how much was the original sum of money

Answers

Answer:

64

Step-by-step explanation:

J : N

5 : 3

40 : x

40×3=120

120÷5=24

24+40=64

to confirm if it's correct:

5:3

5+3=8

(5/8)×64=24

(3/8)×64=40

therefore, it's 64

The cash price of a used sedan is $18,750. Arthur Dennis cannot pay
cash, so he is making a down payment of $2,750 and 60 monthly
payments of $325 each. How much more does it cost to buy the vehicle this way?

Answers

Answer:

19,500

Step-by-step explanation:

You multiply 325 x 60 and you get 19,500

These triangles are similar select all equations that could be used to solve for the side indicated by the?

Answers

Answer:

➟ Two triangles are similar then ratio of their corresponding sides are equal.

(Option 3 is correct)

★ Criteria for similarity of two triangles

i.) Their corresponding angles are equal.

ii.) Their corresponding sides are proportional.

∆ABC ~ ∆DEF only if

∠A = ∠D

∠B = ∠E

∠C = ∠F

and

AB/DE

BC/EF

CA/FD

[ Some theorems ]

AAA - similarity

AA - similarity

SSS - similarity

SAS - similarity

Step-by-step explanation:

Jersey Mike’s is offering $0.80 off its foot-long sub sandwiches. If this represents a 20% markdown, what is the sub’s regular selling price?

Answers

The subs will be $4 at regular price
The subs will be $4 at regular price

how do you do 4 3/16 + 1 1/10?

Answers

Answer:

5 23/80

Step-by-step explanation:

First, you need to find the least common multiple of 16 and 10 to add the fractions. The LCM of 16 and 10 is 80. You have to multiply 5 to 16 to get 80 and 8 to 10 to get 80, so you also multiply the numerator by those numbers. In the end you would get 4 15/80+1 8/80, which equals 5 23/80.

help plsssssssssssss

Answers

Answer:

with what

Step-by-step explanation:

Answer:

help with? there's nothing there

Prepare an accounting equation for the following business transaction

1. Purchased supplies on account, 4,000

2. Purchased furniture and fixtures for cash, 3,000

3. Paid account in no. 1.

4. Paid advance advertisement for promoting the business 1,000

5. Paid the note 2,000

Answers

Answer:

you draw a T. form and then you can start to in debit and credit

If a line l is perpendicular to a segment AB at point E and AE = EB how many points on line l are the same distance from point A as from point B

Answers

Answer:

101

Step-by-step explanation:

find the amount accumulated in an account after $9000 is invested for 8 years at a 4% coumpounded monthly

Answers

Step-by-step explanation:

9000(1+0.04/12)^(8*12)

9000(1.0033333)^96

9000(1.3763)

A=12,387.56

Which expression is equivalent to the fraction below?
3/5

Answers

Answer:

.6, 6/10, 15/25

Step-by-step explanation:

hope this helps!❄︎

A company generally purchases large lots of a certain kind of electronic device. A method is used that rejects a lot if 4 or more defective units are found in a random sample of 100 units. ​(a) What is the probability of rejecting a lot that is ​3% ​defective? ​(b) What is the probability of accepting a lot that is ​4% ​defective?

Answers

Using the binomial distribution, it is found that there is a:

a) 0.3526 = 35.26% probability of rejecting a lot that is 3% defective.

b) 0.4295 = 42.95% probability of accepting a lot that is 4% defective.

For each device, there are only two possible outcomes, either it is defective, or it is not. The probability of a device being defective is independent of any other device, hence the binomial distribution is used to solve this question.

Binomial probability distribution

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

The parameters are:

x is the number of successes. n is the number of trials. p is the probability of a success on a single trial.

In this problem, the sample has 100 units, hence [tex]n = 100[/tex].

Item a:

3% of the pieces are defective, hence [tex]p = 0.03[/tex].

The probability is:

[tex]P(X \geq 4) = 1 - P(X < 4)[/tex]

In which:

[tex]P(X < 4) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3)[/tex]

Hence:

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 0) = C_{100,0}.(0.03)^{0}.(0.97)^{100} = 0.0476[/tex]

[tex]P(X = 1) = C_{100,1}.(0.03)^{1}.(0.97)^{99} = 0.1471[/tex]

[tex]P(X = 2) = C_{100,2}.(0.03)^{2}.(0.97)^{98} = 0.2252[/tex]

[tex]P(X = 3) = C_{100,3}.(0.03)^{3}.(0.97)^{97} = 0.2275[/tex]

Then:

[tex]P(X < 4) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) = 0.0476 + 0.1471 + 0.2252 + 0.2275 = 0.6474[/tex]

[tex]P(X \geq 4) = 1 - P(X < 4) = 1 - 0.6474 = 0.3526[/tex]

0.3526 = 35.26% probability of rejecting a lot that is 3% defective.

Item b:

4% of the pieces are defective, hence [tex]p = 0.04[/tex].

Lot is accepted if less than 4 units are defective, hence:

[tex]P(X < 4) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3)[/tex]

[tex]P(X = 0) = C_{100,0}.(0.04)^{0}.(0.96)^{100} = 0.0169[/tex]

[tex]P(X = 1) = C_{100,1}.(0.04)^{1}.(0.96)^{99} = 0.0703[/tex]

[tex]P(X = 2) = C_{100,2}.(0.04)^{2}.(0.96)^{98} = 0.1450[/tex]

[tex]P(X = 3) = C_{100,3}.(0.04)^{3}.(0.96)^{97} = 0.1973[/tex]

Then:

[tex]P(X < 4) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) = 0.0169 + 0.0703 + 0.1450 + 0.1973 = 0.4295[/tex]

0.4295 = 42.95% probability of accepting a lot that is 4% defective.

A similar problem is given at https://brainly.com/question/24863377

damon swam 0.68 km in the pool for each day for 2 weeks how many meters did damon swim in those 2 weeks

Answers

Answer:

10,080,000 (because 720×14, the total number of days he swam in two

Step-by-step explanation:

Solve: 2x^2 -x >15 Show your work.

Answers

Step by step explanation

Answer:

x>3

Step-by-step explanation:

Work:

2x^2-x>15

Subtract 15 on both sides:

2x&2-x-15>0

Factor the left side of equation to cancel out the ^2.

(2x+5)(x−3)>0

2x+5=0 or x−3>0

Then to make it easier we will do the x-3>0 one, add 3 to both sides = x>3

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