answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andrew-mc [135]
1 year ago
12

Raymond bought a car for $40,000. He took a 20,000 loan from a bank at an interest rate of 15% per year for a 5 - year period. W

hat is the total amount ( interest and loan) that he would have to pay rhe bank at the end of 5 years
Mathematics
1 answer:
jenyasd209 [6]1 year ago
3 0

Answer:

$35,000

Step-by-step explanation:

The amount that would be repaid = amount borrowed + interest earned on loan

interest earned on deposit can be determined by determining the simple interest

Simple interest = principal x time x interest rate

principal = the amount deposited = 20,000

Time = the duration of the deposit =5  

interest rate = the percentage on deposit that would be earned = 15

20,000 x 5 x 0.15 = $15,000

total = 20,000 + 15,000 = $35,000

You might be interested in
Which statements are true about the location of 3.28 on the number line? Check all that apply. A number line from 1.2 to 4.2. 3.
Juliette [100K]

Answer:

- 3.28 should be plotted between 3.2 and 3.4

- 3.28 is closer to 3.0 than 4.0.

- 3.28 is closer to 3.2 than 3.4.

Step-by-step explanation:

3.28 is located towards the positive side of the number line being a positive value. Since the value is located between 3.2 and 3.4, therefore it can be plotted between this two points.

Also 3.28 is known to be closer to 3.0 than 4.0 because the difference between 3.28 and 3.0 is lower than the difference between 3.28 and 4.

4-3.28 = 0.72(larger value)

3.28-3.0 = 0.28 (smaller value)

The smaller the difference, the closer the value of 3.28 to the value in consideration.

Similarly, 3.28 is closer to 3.2 than 3.4, due to their differences. The difference between 3.28 and 3.2 is lower than the difference between 3.28 and 3.4 as shown:

3.28 - 3.2 = 0.08(smaller)

3.4-3.28 = 0.12(larger)

8 0
2 years ago
Write the following inequality in slope intercept form.<br> 6x + 2y ≤-46
Kipish [7]
Slope intercept form is y=mx+b
 So we're solving the equation in the question for y.
First, we subtract 6x from both sides to get

2y<-46-6x. Then we divide both sides by 2 to get y alone.
Then the answer will be y<-46÷2 -6x÷2
 FInal answer = y< -23-3x or y<-3x-23
7 0
2 years ago
Read 2 more answers
The length of the 2 black rods is equal to that of the 3 grey rods. The length of the white rod is equal to the total length of
Tpy6a [65]

Answer:

Its C!

Step-by-step explanation:

hmu if you need anything els

3 0
2 years ago
What are the terms of each expression 3a-19
laiz [17]
Hope this is what you were looking for:)

6 0
2 years ago
Read 2 more answers
Robin purchased 3 1⁄2 ounces of whole wheat cereal for $1.40. What is the cost per ounce
Airida [17]
To find cost per ounce divide the total price by the total ounces.
1.4 / 3.5
$ 0.40 per ounce
8 0
2 years ago
Read 2 more answers
Other questions:
  • To convert degrees Fahrenheit (F) into degrees Celsius (C) use the formula 2003-05-04-00-00_files/i0150000.jpg. Rewrite the equa
    6·1 answer
  • Each cupcake costs $4.00 how many cupcakes (x) are purchased if the total cost is $36.00
    11·2 answers
  • Two 6-sided dice are rolled at the same time. How many outcomes correspond to the event that the sum of the numbers is 5?
    11·2 answers
  • What is 6.39 / 0.09
    15·2 answers
  • John Birks "Dizzy" Gillespie (1917-1993) was a trumpeter and was extremely influential in the development of bebop. Also an acco
    13·1 answer
  • The number of people using an older version of a spreadsheet program decreases at a rate that is proportional at any time to the
    13·1 answer
  • At a carnival, food tickets cost $2 each and ride tickets cost $3 each. A total of $1,240 was collected at the carnival. The num
    12·1 answer
  • Which set of statements explains how to plot a point at the location (Negative 3 and one-half, negative 2)? Start at the origin.
    11·1 answer
  • PLS HELP ASAP! GIVING BRAINLIST!
    13·2 answers
  • In one game, a team takes 50 shots and the residual is –10. How many points were scored by this team in this game? 45 55 65 75
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!