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Advocard [28]
1 year ago
11

Cheri took out a loan for $14,350. The loan term was 3 years and Cheri’s payments were $625.77 per month. Since Cheri had filed

for bankruptcy several years prior, she ended up paying a higher interest rate. With a better credit rating, her payments could have been $431.21 per month. How much more in interest did Cheri end up paying for her loan because of her bankruptcy?
a.
$5,836.80
b.
$2,334.72
c.
$8,624.16
d.
$7,004.16


The answer is D
Mathematics
2 answers:
torisob [31]1 year ago
6 0

Per month payment of Cheri = $625.77

So, total payments made in 3 years = 625.77\times36=22527.72

As mentioned, Cheri had filed for bankruptcy several years prior, she ended up paying a higher interest rate. With a better credit rating, her payments could have been $431.21 per month.

So, If she would have paid 431.21 per month for 3 years, in total she would have paid =431.21\times36=15523.56

Hence, Cheri paid = 22527.72-15523.56=7004.16 more

So, Cheri paid option D = $7004.16 more.

melamori03 [73]1 year ago
3 0

Answer:

You are correct.

Step-by-step explanation:

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Asher pays 156 every 6 weeks for piano lessons. What is the price per year for piano lessons?
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A circle with radius of \greenD{4\,\text{cm}}4cmstart color #1fab54, 4, start text, c, m, end text, end color #1fab54 sits insid
mario62 [17]

Answer:

The area of the shaded region is   329.87\ cm^2

Step-by-step explanation:

<u><em>The correct question is</em></u>

A circle with radius of 4cm sits inside a circle with a radius of 11cm. What is the area of the shaded region?

The shaded region is the area outside the smaller circle and inside the larger circle

we know that

To find out the shaded region subtract the area of the smaller circle from the area of the larger circle

so

A=\pi r_a^{2} -\pi r_b^{2}

simplify

A=\pi (r_a^{2} -r_b^{2})

where

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r_b is the radius of the smaller circle

we have

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substitute

A=\pi (11^{2} -4^{2})

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2 years ago
Members of a school club are buying matching shirts. They know at least 25 members will get a shirt. Long-sleeved shirts are $10
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Answer:

Maximum number of long sleeved shirt that can be purchase is, 8

and

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Step-by-step explanation:

let y represents the number of short sleeves  and x represents the number of long sleeves.

As per the given condition:

Members of a school club are buying matching shirts. They know at least 25 members will get a shirt.

we have;

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then;

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