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

What is the image of the point (-3 , 14) after a counterclockwise rotation about the origin through an angle of 90 degrees?

Answers

So the value of 14 is now negative 14. Notice that if the original -coordinate was already negative, then it would change to be a positive value. And that's the answer for the image of the point negative three, 14 after a rotation of 90 degrees about the origin. It's the coordinates negative 14, negative three.

Find the amount and C.I on a sum of Rs. 62500 for 1 year at 5% per annum compounded yearly.

Answers

The amount and the compound interest on a sum of Rs. 62500 are Rs. 65625 and Rs. 3125, respectively.

Calculating the amount and the compound interest

Given:

Principal amount (P) = Rs. 62500

Rate of interest (R) = 5%

Time period (t) = 1 year

Interest is compounded yearly.

Formula for calculating compound interest is given as:

A = P(1 + R/100)ᵗ

where A is the amount.

Using this formula, we can find the amount (A) after one year:

A = 62500(1 + 5/100)¹

A = 65625

Therefore, the amount after one year is Rs. 65625.

To find the compound interest, we can subtract the principal from the amount:

Compound Interest = A - P

= 65625 - 62500

= 3125

Therefore, the compound interest is Rs. 3125.

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Mrs. Rinaldi bought 5 pounds of apples. She used of that amount to make pies. How many pounds of apples did she use for the pies?​

Answers

How much did she? you use you didn’t say

Cybersecurity is a field limited to only government agencies and defense contractors. true or false

Answers

Answer:  False

Explanation:

Any company that has an online presence (eg: website) needs to take cybersecurity seriously. This is safeguard their customers against online criminals, and also keep their employees safe. Cybersecurity isn't limited to government roles or defense contractor roles only.

Your sister has R375 000 and wants to retire. She expects to live for another 25 years, and she also expects to earn 8% on her invested funds. How much could she withdraw at the beginning of each of the next 25 years, and end up with zero in the account?

Answers

Answer:

Step-by-step explanation:

Your sister can use the formula for calculating the present value of an annuity to determine how much she can withdraw each year.

The formula for the present value of an annuity is:

PV = Payment x (1 - (1 + r)^-n) / r

Where:

- PV is the present value of the annuity

- Payment is the amount of each withdrawal

- r is the annual interest rate

- n is the number of periods (in this case, 25 years)

We can rearrange this formula to solve for Payment:

Payment = PV x r / (1 - (1 + r)^-n)

We know that your sister has R375 000 to start with, and she wants to end up with zero in 25 years. So, her present value (PV) is R375 000, and we can assume her future value (FV) is zero.

Using the future value formula, we can calculate the interest rate she needs to earn in order to end up with zero in 25 years:

FV = PV x (1 + r)^n

0 = 375000 x (1 + r)^25

(1 + r)^25 = 1

1 + r = (1)^1/25

r = 0

This means that your sister needs to withdraw all of her money over the 25 years in order to end up with zero at the end.

Her withdrawal each year would be:

Payment = PV x r / (1 - (1 + r)^-n)

Payment = 375000 x 0.08 / (1 - (1 + 0.08)^-25)

Payment = R34,028.82 per year

Your sister can withdraw R34,028.82 at the beginning of each year for the next 25 years, and she will end up with zero at the end, assuming she earns an 8% return on her invested funds.

BONUS SECTION
This section is optional. Each correct answer will receive 2 points (12 points total)
which will be added to your test's raw score. Clearly indicate the necessary steps,
including appropriate formula substitutions, diagrams, graphs, charts, etc. For all
questions in this part, correct numerical answers without work shown or an
explanation will not receive any credit.
1. Shanika has a dilemma. She has five choices for future employment but does not
know which job opportunity to take. Calculate the annual income for each option
and let her know which job would earn her the most money.

Option 1: Keeping her present job at $15,000 per
year plus a 20% year-end bonus.

Option 2: Taking a job that pays $1,250 per month

Answers

Answer:

A

Step-by-step explanation:

how do i get it to stop making me watch a ad.

Answers

Answer:

Brainly Plus.

Step-by-step explanation:

You have to pay money. Otherwise, I don't think you can.

Maybe you could try just installing a bunch of ad-blockers.

But pretty much the only way is Brainly Plus.

2. The ratio of boys to girls in the school
choir is 3:4. If there are 12 girls in the
choir, how many boys are in the choir?

Answers

Answer:

9 Boys

Step-by-step explanation:

As we Know, 12 ÷ 4 is 3

3 x 3 is 9

therefore, it's 9

Answer is 9 boys in the choir

Step by step

We know 3 boys : 4 girls
We know x boys : 12 girls

We can cross multiply and solve

3/4 = x/12

4x = 36
Divide both sides by 4 to solve for x

4/4 x = 36/4

x = 9

5 times 100 times 105

Answers

Answer:

52500

Step-by-step explanation:

first do 5*105 to get 525 then mutiply by 100 to get 52500

Which expression is equivalent to -63k-56?

Answers

Answer is
7(-9k -8)
-7 (9k + 8)

I’m not sure what your choices are but these are a couple you can use

Show working out please need to understand

Answers

The prοbability that mοre than twο machines need cοrrecting is apprοximately 0.0826 οr 8.26%.

What is binοmial distributiοn?  

Binοmial distributiοn is a prοbability distributiοn that describes the number οf successes in a fixed number οf independent trials, where each trial can οnly have twο οutcοmes: success οr failure.

Accοrding tο questiοn:

Let X be the number οf machines that need cοrrecting adjustments during a day's prοductiοn run, and let p = 0.2 be the prοbability that any οne machine needs cοrrecting.

Then, X fοllοws a binοmial distributiοn with parameters n = 6 (the number οf machines) and p = 0.2 (the prοbability οf a machine needing cοrrecting).

The prοbability οf X is:

P(X > 2) = 1 - P(X <= 2)

Tο calculate P(X <= 2), we can sum the prοbabilities οf X taking οn the values 0, 1, and 2:

P(X <= 2) = P(X = 0) + P(X = 1) + P(X = 2)

P(X = 0) = (6 chοοse 0) * 0.2⁰ * 0.8⁶ = 0.2621

P(X = 1) = (6 chοοse 1) * 0.2¹ * 0.8⁵ = 0.3932

P(X = 2) = (6 chοοse 2) * 0.2²* 0.8⁴ = 0.2621

Therefοre,

P(X <= 2)

= 0.9174

And

P(X > 2)

= 1 - P(X <= 2)

= 1 - 0.9174

= 0.0826

Sο the prοbability that mοre than twο machines need cοrrecting is apprοximately 0.0826 οr 8.26%.

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I need help with my homework

Answers

The average rate of change representing the state whose temperature is decreasing slower is given as follows:

-1.5ºF/day.

How to obtain the average rate of change?

The average rate of change of a function is given by the change in the output of the function divided by the change in the input of the function. Hence we must identify the change in the output, the change in the input, and then divide then to obtain the average rate of change.

For Maine, in 9 days, the temperature fell by 13.5ºF, hence the rate is given as follows:

-13.5/9 = -1.5ºF/day.

For Connecticut, in 2.5 days, the temperature fell by 6.25ºF, hence the rate is given as follows:

-6.25/2.5 = -2.25 ºF/day.

A slower decline is in Maine, as it has a lower rate of change.

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Find the probability of winning second prize in a 5/45 lottery. That is, picking 4 of the 5 winning numbers

Answers

Answer:

The probability of winning second prize in a 5/45 lottery is 1 in 8,145. This is calculated by taking the total number of possible combinations (8,145) and dividing it by the total number of possible outcomes (1).

why does this series [tex]tan(2^{-n} )[/tex] converge?
*its a series from 2 to infinity, but there is no symbol for that.

Answers

The series [tex]\tan(2^{-n})[/tex] is convergent.

What is convergence of series?

In mathematics, the cοnvergence οf a series refers tο the behaviοr οf the series' partial sums as mοre terms are added. A series cοnverges if its sequence οf partial sums apprοaches a finite limit, which is called the sum οf the series. If the sequence οf partial sums dοes nοt apprοach a finite limit, the series diverges.

The series [tex]\tan(2^{-n})[/tex] converges because of the following reasons:

As n increases, [tex]2^{-n}[/tex] becomes very small, which makes [tex]\tan(2^{-n})[/tex] close to its linear approximation. Therefore, we can use the linear approximation of [tex]\tan(2^{-n})[/tex] to estimate its value.

The linear approximation of [tex]\tan(2^{-n})[/tex] is [tex]2^{-n}[/tex], which means that [tex]\tan(2^{-n})[/tex] ≈ [tex]2^{-n}[/tex] when [tex]2^{-n}[/tex] is small.

Since the series [tex]2^{-n}[/tex] is convergent, by comparison test, the series [tex]\tan(2^{-n})[/tex] is also convergent.

Alternatively, we can also use the fact that the series tan(x) is convergent for x ∈ (0, π/2), and since [tex]2^{-n}[/tex] → 0 as n → ∞, we have [tex]\tan(2^{-n})[/tex] → tan(0) = 0, which implies that the series [tex]\tan(2^{-n})[/tex] is convergent.

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An employee is 10 years from retirement and has decided to begin making $2,000 annual contributions into an IRA. The employee is currently in the 33% tax bracket but expects to be in the
15% tax bracket at retirement.
Which of the following contains the better choice with the correct reasoning?
O The Traditional IRA is the better choice because the employee will be taxed at a lower rate on lower earnings in retirement than during employment.
O The Roth IRA is the better choice because the employee will be taxed at a lower rate on lower eamings during employment than in retirement
O The Traditional IRA is the better choice because the employee will be taxed at a higher rate on lower earnings in retirement than during employment.
O The Roth IRA is the better choice because the employee will be taxed at a higher rate on lower eamings during employment than in retirement.

Answers

Based on the employee contribution, the Traditional IRA is the better choice because the employee will be taxed at a lower rate on lower earnings in retirement than during employment. The Option A is correct.

Why is Traditional IRA the best choice for the employee?

The Traditional IRA allows the employee to make contributions on a pre-tax basis, which reduces the taxable income during the years of contribution. This reduces the tax liability during employment years in the 33% tax bracket. During retirement, the employee will be in the 15% tax bracket, which means they will pay a lower tax rate on the withdrawals from the Traditional IRA.

In contrast, the Roth IRA contributions are made with after-tax dollars, and the withdrawals during retirement are tax-free. Since the employee is currently in the 33% tax bracket, they will pay a higher tax rate on their current income than they would in retirement. Therefore, the Traditional IRA is a better choice for the employee in this scenario.

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Janelys has a points card for a movie theater.
She receives 20 rewards points just for signing up.
• She earns 12.5 points for each visit to the movie theater.
She needs at least 165 points for a free movie ticket.
Write and solve an inequality which can be used to determine x, the number of visits
Janelys can make to earn her first free movie ticket.

Answers

Answer: 12 times

Step-by-step explanation:

165-20=145

12.5x11=137.5

12.5x12=150

Answer:   12.5x+20≥165

  x≥11.6

Step-by-step explanation:

Rapunzel was sitting in her tower and waiting for the prince to come for tea. “He’s coming in 15 1/2 minutes, so I had better hurry and tidy up. Rapunzel started cleaning and finished with 55 seconds to spare. How long did it take to clean her room

Answers

It took Rapunzel approximately 14.58 minutes to clean her room.

What is cleaning ?

Cleaning refers to the process of removing dirt, dust, and other unwanted substances from a surface or an object.  

Let's start by converting the time to minutes.

15 1/2 minutes = 15.5 minutes

Let's now subtract the time she finished cleaning from the time she started cleaning:

15.5 - 0.92 = 14.58 minutes

Therefore, it took Rapunzel approximately 14.58 minutes to clean her room.

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Use the distributive property to multiply the expression 9(7m+2)

Answers

49m + 18
(9)(7) add the m and (9)(2)

Answer:

63m+18

Step-by-step explanation:

9*7m is 63m and 9*2 is 18

Combine them and you get 63m+18!

Please help asap, will give brainliest if correct. What is the constant of proportionality of this table?
Show your work.

Answers

The constant of proportionality of this table  is: k = 1/7.

Explain about the constant of proportionality?

The ratio between two quantities that are directly proportional is the constant of proportionality.

When two quantities grow and shrink at the same rate, they are directly proportional.Proportional relationships appear as straight lines that go through the origin on a graph. The slope of a graph is equal to the constant of proportionality in the equation, and it refers to how steep a line is relative to other lines.

When y and x are two values that are direct proportion to one another, the proportionality constant k is defined as k=y/x.

Thus, using the x and its respective y values.

As the values are in direct proportion.

The constant of proportionality is:

k = 1/7

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if 1 kg is equal to 1,000 G how many grams are in 7.28 kg explain how you found your answer

Answers

There are 7280 grams in 7.28 kilograms

Answer:

here is your answer  attached

Step-by-step explanation:

Determine the rage of the following graph

Answers

The range of function is values on the y-axis: R=[-7,2].

What is function?

A function is a mathematical concept that describes the relationship between two sets of numbers. It is a rule that assigns to each input (or element in the domain) exactly one output (or element in the range). In simpler terms, a function is like a machine that takes in a number and produces another number as output, according to some specific rules. The input is usually denoted by x, and the output by f(x), which is read as "f of x". Functions can take many forms, such as linear, quadratic, trigonometric, exponential, logarithmic, and more. They are widely used in mathematics, science, engineering, and many other fields to model and analyze various phenomena.

Here,

To find the range of a function, you need to determine all possible output values of the function. Start by identifying the function's domain, which is the set of all possible input values of the function. Once you know the domain, apply the function to each input value in the domain and record the corresponding output values. Once you have a list of output values, identify the smallest and largest values in the list. These values represent the range of the function. For example, consider the function f(x) = 2x + 1. The domain of this function is all real numbers.

To find the range, apply the function to several input values in the domain:

f(-3) = -5

f(-2) = -3

f(-1) = -1

f(0) = 1

f(1) = 3

f(2) = 5

f(3) = 7

These output values give us a set of possible output values, which are {-5, -3, -1, 1, 3, 5, 7}. The smallest value in the set is -5 and the largest value is 7, so the range of the function is [-5, 7].

Note that for some functions, it may be difficult or impossible to find the exact range. In such cases, you can use techniques such as graphing or calculus to estimate the range.

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Answer the questions about the graph shown below.

Answers

Therefore, all values of x that are less than or equal to -3 make up the inequality's solution set.

what is inequality ?

An inequality in mathematics is a claim that two values or expressions are not equivalent to one another. A relationship between two values, where one value is larger than, less than, or not equal to the other, is expressed by an inequality. The inequality marks "" (less than), ">" (greater than), "=" (less than or equal to), ">=" (greater than or equal to), and "" can be used to denote an inequality (not equal to).

given

The disparity is as follows:

-3x + 2 ≥ 11

By subtracting 2 from both sides of the inequality and then dividing the result by -3, we can separate x on one side of the inequality .

-3x + 2 - 2 ≥ 11 - 2

-3x ≥ 9

x ≤ -3

Therefore, all values of x that are less than or equal to -3 make up the inequality's solution set.

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A square wrestling mat has a perimeter of (12x−32)
feet. Write an expression in simplest form that represents the side length (in feet) of the mat.

Answers

Answer:

The perimeter of a square is given by the formula P = 4s, where s is the side length. In this case, we are given that the perimeter is (12x - 32) feet, so we can set up an equation:

P = 4s

(12x - 32) = 4s

To solve for s, we can divide both sides by 4:

(12x - 32)/4 = s

Simplifying the expression on the left:

3x - 8 = s

Therefore, the expression in simplest form that represents the side length of the square wrestling mat is 3x - 8 feet.

Answer:

Step-by-step explanation:

the answer would be 3 x − 8 3x-8 3x−8 ft

please help me for both please, asap :)) thank you!

Answers

Answer:

The correct answer is the third one

Step-by-step explanation:

[tex]8x + \frac{15}{x} = 26[/tex]

[tex]8 {x}^{2} + 15 - 26x = 0[/tex]

a = 8, b = -26, c = 15

[tex]d = {b}^{2} - 4ac = ( { - 26})^{2} - 4 \times 8 \times 15 = 676 - 480 = 196 > 0[/tex]

[tex]x1 = \frac{ - b - \sqrt{d} }{2a} = \frac{26 - 14}{2 \times 8} = \frac{12}{16} = \frac{3}{4} [/tex]

[tex]x2 = \frac{ - b + \sqrt{d} }{2a} = \frac{26 + 14}{16} = \frac{40}{16} = \frac{5}{2}[/tex]

A fruitier had 300 oranges and apples at first.20%of apples were sold in the morning.the fruitier then stocked up another 35 oranges.the total numbers of oranges and apple became 298.how many apples were there at first?

Answers

Answer:

185 apples

Step-by-step explanation:

We have to work in reverse to find the original number of apples.

298-35= 263 apples and oranges after 20% apples sold

300-263 = 37 apples

37 apples = 20%

For total apples:
37 apples x 5 = 20% x 5

185 apples = 100% of apples

There were 185 apples at first

Hope that helps :)

Zoe has 7/3 of an ounce of children’s ibuprofen. A full dose for Zoe’s one-year-old is 2/5 of an ounce. To figure out exactly how many doses she has left, she drew the diagram below. But she realized that her diagram shows how many 1/5-ounce doses are in 7/3 of an ounce. How can she use her diagram to figure out how many 2/5-ounce doses she has? Explain using words and diagrams.

Answers

It should be noted that to use the diagram to figure out how many 2/5-ounce doses Zoe has, she can divide the 7/3-ounce amount into equal parts of 2/5 ounce.

How to explain the word problem

One way to do this is to divide 2/5 by 1/5 to get the number of 1/5-ounce portions that make up a 2/5-ounce dose, which is 2. Then, divide 7/3 by 2/5 to get the total number of 2/5-ounce doses she has.

So, using the diagram, Zoe can count the number of 1/5-ounce portions she has, and then divide that number by 2 to find out how many 2/5-ounce doses she has.

Alternatively, Zoe could redraw the diagram to show 2/5-ounce portions instead of 1/5-ounce portions, and then count the number of 2/5-ounce portions she has. She would need to divide the original diagram into equal parts of 2/5 ounce by drawing lines to divide each square into two parts. Then she can count the number of squares that represent a 2/5-ounce dose.

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Angela, Breanna, Christine, Debbie, and Esther are in a club and they need to pick two people to go to a
meeting. They write each person’s name on equally sized pieces of paper, put them in a hat, and mix the
papers thoroughly. Find the probability model for this chance process and use it to determine the probability
that Angela gets to go to the meeting.

Answers

So the probability that Angela gets to go to the meeting is 2/5.

What is probability?

Probability is a measure of the likelihood or chance of an event occurring. It is a numerical value between 0 and 1, where 0 means that the event is impossible and 1 means that the event is certain. Probability can be calculated by dividing the number of favorable outcomes by the total number of possible outcomes. It is an important concept in many fields, including mathematics, statistics, physics, and engineering, and is used to make predictions, analyze data, and make decisions under uncertainty.

Here,

There are a total of 5 people in the club, so there are 10 possible pairs of people that could be chosen to go to the meeting. Since each pair is equally likely to be chosen, the probability of any particular pair being chosen is 1/10.

To determine the probability that Angela gets to go to the meeting, we need to count the number of pairs that include Angela. There are 4 other people in the club, so there are 4 possible pairs that include Angela. Therefore, the probability that Angela gets to go to the meeting is:

P(Angela) = number of pairs that include Angela / total number of pairs

= 4 / 10

= 2 / 5

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Tashaun drove 74 miles in 2 hours. Kamari drove 153 miles in 3 hours. If the speed limit is 50 miles per hour, who was speeding?






Group of answer choices

Neither

Tashaun

Both

Kamari

Answers

Answer:

kamari

Step-by-step explanation:

Tashaun: [tex]\frac{74}{2}[/tex]= 32mph

kamari: 153/3=51mph

so we can see that kamari is speeding the speed limit is 50 and 51>50 brainliest?

Fill in the table of value for the equation y = 2x + 1

Answers

Answer:

To fill in the table of values for the equation y = 2x + 1, we can choose different values of x and substitute them into the equation to find the corresponding values of y. For example:

x y

0 1

1 3

2 5

3 7

4 9

To get the value of y, we substitute each value of x into the equation and simplify:

When x = 0:

y = 2(0) + 1 = 1

When x = 1:

y = 2(1) + 1 = 3

When x = 2:

y = 2(2) + 1 = 5

When x = 3:

y = 2(3) + 1 = 7

When x = 4:

y = 2(4) + 1 = 9

Therefore, the table of values for the equation y = 2x + 1 is:

x y

0 1

1 3

2 5

3 7

4 9

Third Rock Ventures sells all its merchandise on credit. It has a profit margin of 8%, days sales outstanding were 60 days based on 360 days in a year, receivables of R180 000, total assets of R4000 000, and a debt ratio of 0,75. What is the company's return on equity (ROE)?

Answers

Answer:

Step-by-step explanation:

First, we need to calculate the company's credit sales for the year:

Credit Sales = Receivables / (Days Sales Outstanding / 360)

Credit Sales = R180,000 / (60/360) = R1,080,000

Next, we need to calculate the company's net income:

Net Income = Profit Margin x Credit Sales

Net Income = 0.08 x R1,080,000 = R86,400

We can calculate the company's total equity as follows:

Total Equity = Total Assets x (1 - Debt Ratio)

Total Equity = R4,000,000 x (1 - 0.75) = R1,000,000

Finally, we can calculate the ROE:

ROE = Net Income / Total Equity

ROE = R86,400 / R1,000,000 = 0.0864 or 8.64%

Therefore, Third Rock Ventures' return on equity is 8.64%.

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