Consider the following two loans for P=$12,000.

Loan A: 5 year loan, annual interest rate of 5%.
Loan B: 3 year loan, annual interest rate of 8%.

Answers

Answer 1

Answer:

Simple interest-?

Step-by-step explanation:

P= 12000

T=5yrs

R=5%

Now,

Simple interest - PTR/100

= 12000*5*5/100

= $3000

Again,

P=12000

T=3yrs

R=8%

Now,

Simple interest - PTR/100

= 12000*3*8/100

= $2880

Hope this helps.


Related Questions

A group of friends want to go to the amusement park. They have $137.75 to spend on parking and admission. Parking is $15.25, and tickets cost $24.50 per person including tax. Write and solve an equation which can be used to determine x, the number of people who can go to the amusement park.

Answers

Answer:

(137.75 - 15.25)/24.5=x

122.5/24/5=x

5=x

x= number of friends who can go to the amusement park

Step-by-step explanation:

137.75 is the total amount of money.

First, we need to subtract 15.25 because this money is going to be spent on parking.

Once we have our total after subtracting 15.25, all we need to do is divide that number by 24.5 to see the number of people who can go to the amusement park.

Hope this helped!

By solving a linear equation we will see that 5 people can go to the amusement park.

How to write the linear equation?

We know that the friends have $137.75, and the parking costs $15.25, so after paying the parking they have:

$137.75 - $15.25 = $122.50

Now we know that each ticket costs $24.50, so if the friends pay for x tickets they will have y money left, given by the linear equation:

y = $122.50 - $24.50*x

To see the number of people that can go to the amusement park we need to solve the above equation for y = $0 (the case where they use all the money).

$0 = $122.50 - $24.50*x

$24.50*x = $122.50

x = $122.50/$24.50 = 5

So with that amount of money, 5 people can go to the amusement park.

If you want to learn more about linear equations, you can read:

https://brainly.com/question/1884491

Principal: 300
Annual Rate: 3%
Time: 4 Years
Interest Earned: ?????
New Balance: ?????

!!!!!SOMEONE PLEASE HELP ME FIGURE OUT INTEREST EARNED AND NEW BALANCE!!!!

Answers

Answer:

Step-by-step explanation:

HI there!

From the question;

Principal (p) = 300

Annual rate (r) = 3%

Time (t) = 4 yrs

Now;

Interest (I) = [tex]\frac{p*t*r}{100}[/tex]

             I = [tex]\frac{300*4*3}{100}[/tex]

             I = [tex]\frac{3600}{100}[/tex]

Therefore the interest earned is 36.

Again;

New balance (A) = principal + interest

                            = 300+36

Therefore, the new balance is 336.

Hope it helps!

draw a relation diagram for the function f:x= 2(3x-1) where x€{1,2,3,4,5}

Answers

Answer:

f:x=1

Step-by-step explanation:

6x-1=5

6x/6=6/6

f:x=1

In the photo below show you everything you need

help me please!!!!!!!!!!!!!!

Answers

Answer:

7√ 121

Step-by-step explanation:

A company makes pens. They sell each pen for $9. Their revenue is represented by R = 9 x. The cost to make the pens is $3 each with a one time start up cost of $6500. Their cost is represented by C = 3 x + 6500. a) Find the profit, P, (P = R - C) when the company sells 1000 pens. 15500 0-500 O 9000 0-3500 0-9000​

Answers

Answer:

-$500

Step-by-step explanation:

C = 3(1000) + 6500

C = 3000 + 6500

C = 9500

R = 9(1000)

R = 9000

P = 9000 - 9500

P = -500

Find the values of a and b.

Answers

Step-by-step explanation:

Substitute x=0x=0 to get a3+b2=−56a3+b2=−56 and x=−1x=−1 to get a2+b=−12a2+b=−12 and solve them to get a=−7,b=3

Write the standard form equation of the parabola that passes through (20,−40),if the vertex at the origin and the axis of symmetry is vertical.

Answers

Answer:

y = -0.1x^2

Step-by-step explanation:

Start out with vertex form

y = a(x - h)^2 + k

The vertex at the origin

Therefor (h, k) = (0, 0)

y = ax^2

use point (20, -40) to find a

-40 = a(20^2)

-40 = a(400)

Divide both sides by

400

-0.1 = a

Therefor

y = -0.1x^2

This is standard form with a = -.01 and both b and c equal to zero

whats 10x2= n nnn nnnnnnn

Answers

Answer:

20

Step-by-step explanation:

10 x 1 = 10. 10 x 2 = 20.

Answer:

20

Step-by-step explanation:

10 x 1 = 10

Then, 10 x 2 = 20

solve pls brainliest

Answers

Answer: (a.) -19  (b.) 78

Step-by-step explanation:

(a.) -33+14= -19       (b.) 75 - x = 78

(b.) 75 to zero = 75     Zero to -3

is 3 points behind zero, this make more distance from 75 so…

(b.) 75+3 = 78

SOMEONE HELP ME PLEASE

Answers

Your answer is 34.
5 squared plus 3 squared equals 34

Answer:

h=4

Step-by-step explanation:

the height can't be smaller than 3 and higher than 5, you're making a hypothesis.

solve for x. round to the nearest tenth. 37 48​

Answers

Answer:

1776

Step-by-step explanation:

can anyone help me with question b

Answers

Answer:

nnkbnlkn lk kgkbnlnbkvnbklcnlkbnblknbklv.

Step-by-step explanation:

Ken took 64 minutes to walk 4 miles on flat terrain. If he walked at a constant rate, how long would it take Ken to complete 5 miles?

Answers

Answer: 80 minutes

Step-by-step explanation:in the picture

solve pls brainliest

Answers

91/25, 3.92, 3.928, 2 13/20

im pretty sure this is correct AND IM RLY SRY IF IT ISN’T

and if someone could explain how they got this would be great-

Answers

are you sloving the x? or what are you sloving


Isolate the variable by dividing each side by factors that don't contain the variable.


x < 3

Find the unit rate of sugar to baking powder in the recipe above.

Cookie Recipe: 3 cups flour, 2/3 cup sugar, 1/2 cup butter, 1/4 cup baking powder

Answers

Answer:

2/3 to 1/4, two thirds cup to a quarter cup

Step-by-step explanation:

what is the answer for f+f

Answers

Both f's would be equal to 1 so 2

Answer:

it depends.

Step-by-step explanation:

we have to know what f means to be able to answer this question

Help I’ll give BRAINLIEST

Answers

Step-by-step explanation:

Let's rewrite the original equation as

[tex]y - 2 = 2x + 6 \Rightarrow y = 2x + 8[/tex]

or in standard form, our equation becomes

[tex]2x - y = -8[/tex]

where A = 2, B = -1 and C = -8

What is the value of this expression?

(−8)3

Answers

It would be -512. Hope this helps :)

People attended the State Fair at a rate of 42 people per minute. How many hours would it take for there to be 15,000 people at the Fair (first find how many minutes it will take)?​

Answers

Step-by-step explanation:

42 people per minute

how many minutes for 15000 people ?

well, how often does 42 fit into 15000 ?

15000/42 = 357.1428571... minutes

and since we want to bring in everyone of the 15000, we have to count the fraction of the last minute as minute.

so, we have 358 minutes.

and that is in hours, as 1 hour = 60 minutes

358/60 = 5.9... hours

so, the rounded answer is 6 hours.

IS THIS CORRECT? CLASS 6 MATHS!!!!!​

Answers

Answer:

63/5

Step-by-step explanation:

The reciprocal of a fraction is basically just the flipped fraction. In this case, you would just flip the numerator with the denominator, giving you 63/5.

According to a study, 15 out of 50 adults have allergies. What percentage of adults do not have allergies?

Answers

Answer:

70% of adults do not have allergies.

Step-by-step explanation:

It states that 35 out of 50 adults do not have allergies. If we turn this into a fraction (35/50), we can then multiply the denominator by 2 to make it 100. We would then also multiply the numerator by 2.

35 x 2 =70

70/100 = .7

.7 is just the decimal form of 70%

On Sunday a local hamburger shop sold a combined total of 231 hamburgers and cheeseburgers. The number of cheeseburgers sold was two times the amount of hamburgers sold. How many hamburgers were sold on Sunday?

Answers

Answer: 77 hamburgers

Step-by-step explanation:

You can write an equation for this problem

x= hamburgers

2x= cheeseburgers

x+2x=231

3x=231

x=77

A parabola can be drawn given a focus of (8,4) and a directrix of x = 6. Write the
equation of the parabola in any form.

Answers

9514 1404 393

Answer:

  x = 1/4(y -4)² +7

Step-by-step explanation:

A parabola can have the equation ...

  x = 1/(4p)(y -k)² +h

where the vertex is (h, k), and the vertex-to-focus distance is p.

The vertex is halfway between the focus and directrix, so has coordinates ...

  ((8, 4) +(6, 4))/2 = (7, 4)

The distance from the vertex to the focus is 8-7 = 1, so the equation can be written ...

  x = 1/4(y -4)² +7

algebra help please!!!!!!!

Answers

Answer:

The answer is c I hope this helps

The answer is 3 hope you have a good day

The function f(x) is shown in this graph.

The function g(x) = -2x - 5.

Compare the slopes and y-intercepts.

A. The slopes are different but the y-intercepts are the same.

B. Both the slopes and the y-intercepts are different.

C. The slopes are the same but the yintercepts are different.

D. Both the slopes and the y-intercepts are the same.​

Answers

The true statement about the functions f(x) and g(x) is (b) B. Both the slopes and the y-intercepts are different.

How to compare the slope and the y-intercept?

The function g(x) is given as:

g(x) = -2x - 5

A linear equation is represented as:

y = mx + b

Where m represents the slope, and b represents the y-intercept.

So, the slope of the function g(x) is -2 and the y-intercept is -5

For the function f(x), the slope is calculated using:

m =(y2 -y1)/(x2 - x1)

Using the points on the graph, we have:

m =(3 - 1)/(1 - 0)

Evaluate

m = 2

The line of the function f(x) cross the y-axis at (0,3);

So, its y-intercept is 3

Hence, both functions have different slopes and different y-intercepts

Read more about linear functions at:

https://brainly.com/question/14323743

Determine whether the function is continuous or discontinuous.

Answers

Answer:

it is continues

Step-by-step explanation:

it is continues

how do line segments differ from distance?​

Answers

Answer:

It has length, but not width and depth

PLEASE HURRY HELP!
Find the product (3a4 + 4)2

Answers

Answer:

(3a4 + 4)2

= (12a+4)2

= 24a+8

Whats the answer? ( Khan Academy ) Also Ill give branliest if its correct!

Answers

Answer:

A is the equavelent expression

-6(b+2)+8-6b-12+8-6b-4-(6b+4)

Option B

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