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Nata [24]
2 years ago
5

Terry bergolt bank granted him a single payment loan of $4,400 at an intreats rate of 6% exact interest. The term of the loan is

172 days what is the exact interest? what is the maturity of the loan?
Mathematics
1 answer:
jarptica [38.1K]2 years ago
4 0

Answer:

Step-by-step explanation:

We would apply the formula for determining simple interest which is expressed as

I = PRT/100

Where

P represents the principal

R represents interest rate

T represents time in years

I = interest after t years

From the information given

T =172 days = 172/365 = 0.47 years

P = $4400

R = 6%

Therefore

I = (4400 × 6 × 0.47)/100

I = 12408/100

I = $124.08

The maturity of the loan would be

4400 + 124.08 = $4524.08

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Anarel [89]
To find the answer, you should divide 405 by 50 to find the mass of one coin. The formula should look like this:
\frac{405}{50}
= 8.1
The exact mass is 8.1 grams, but because you want an estimate, the answer should be
About 8 grams for the mass of 1 one-dollar coin
4 0
2 years ago
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A large city in the ancient world was square-shaped. measured in miles, its area numerically exceeded its perimeter by about 132
melisa1 [442]
Area = perimeter + 132.  

Let  each side of the city be x miles long, then:-

x^2 = 4x  + 132
x^2 - 4x - 132 = 0

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x = 13.66, -9.66   We ignore the negative

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13.7 * 13.7   to nearest 10th
7 0
2 years ago
Ill give a tip
e-lub [12.9K]
Divide the APR by 360 days and multiply it by 30 days to get the monthly interest. Each loan is usually secured by the car you bought. So we will use the secured APR.

8. Average rating secured apr: 5.85% divide by 360 multiply by 30:  0.4875% monthly rate
Cost of car: 19,725 ; sales tax: 4.75% ; down payment: 2,175

19,725 x 1.0475 =  20,661.94 - 2,175 = 18,486.94 loan amount
18,486.94 x 0.4875% = 90.12 accrued interest for the 1st month.

9. Excellent rating secured apr: 4.80% divide by 360 multiply by 30: 0.40% monthly rate
Cost of car: 15,867 ; sales tax: 5.25% ; down payment: 10% of total cost

15,867 x 1.0525 =  16,700.02 x 90% = 15,030.02 the principal balance at the start of the loan.

10. Fair rating secured apr: 7% divide by 360 multiply by 30: 0.5833% monthly rate
Cost of new car: 19,072 ; sales tax: 4.5% ; down payment: 1,200
Cost of used car: 15,365; sales tax: 4.5% ; down payment: 1,200

19,072 x 1.045 = 19,930.24 - 1,200 = 18,730.24
18,730.24 x 0.5833% = 109.25 accrued interest

15,365 x 1.045 = 16,056.43 - 1,200 = 14,856.43
14,856.43 x 0.5833% = 86.66 accrued interest

109.25 - 86.66 = 22.59 is the difference in interest accrued by the end of the first month.
7 0
2 years ago
There are 5,280 feet in a mile. What part of a mile, in decimal form, will you drive until you reach the exit.
nalin [4]

Answer:

= 0.1893939

Step-by-step explanation:

We have given that there are 5,280 feet in a mile.

Number of feet in a mile = 5,280

Now we will convert feet into miles.

To convert 1000 feet into mile we will multiply  it by 1/5280

1000 feet = 1000 * 1/5280

1000/5280

= 0.1893939

Therefore the answer is = 0.1893939....

4 0
2 years ago
Nicole shines a light from a window of a lighthouse on a cliff 250 feet above the water level. Nick 10 feet above the water leve
Allushta [10]

Answer:

4585.8 feet

Step-by-step explanation:

If we draw the triangle, the opposite side to 3° angle would be "10" less than total height of 250 because Nick is 10 feet above water level, so that side will be:

250 - 10 = 240

The hypotenuse of the triangle is the length of line of sight. We can call this "x".

So, using trigonometric ratio of sine (opposite/hypotenuse), we can write:

Sin(3)=\frac{240}{x}

Now, we cross multiply and solve for x, line of sight length:

Sin(3)=\frac{240}{x}\\x=\frac{240}{Sin(3)}\\x=4585.8

3 0
2 years ago
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