a 5 year loan with 5.5% simple interest? Find the total amount paid, interest paid, and the monthly payment.

Answers

Answer 1
Hope this helps

To calculate the total amount paid, interest paid, and monthly payment for a 5-year loan with 5.5% simple interest, we need to know the principal amount of the loan. Let's assume the principal amount is $10,000.

Total amount paid = Principal + Interest
Total amount paid = $10,000 + Interest

To calculate the interest, we can use the formula:

Interest = Principal x Rate x Time

Where Rate is the interest rate per year and Time is the time period in years.

Interest = $10,000 x 0.055 x 5
Interest = $2,750

So the total amount paid would be:

Total amount paid = $10,000 + $2,750
Total amount paid = $12,750

To calculate the monthly payment, we can use the formula:

Monthly payment = Total amount paid / Number of months

Where Number of months is the total number of months in the loan term.

Number of months = 5 years x 12 months/year
Number of months = 60 months

Monthly payment = $12,750 / 60
Monthly payment = $212.50

Therefore, the total amount paid is $12,750, the interest paid is $2,750, and the monthly payment is $212.50.
Answer 2

Answer:

Step-by-step explanation:

i had that one its really hard


Related Questions

The box plot represents the number of tickets sold for a school dance.

A horizontal line labeled Number of Tickets sold that starts at 8, with tick marks every one unit up to 30. The graph is titled Tickets Sold for A Dance. The box extends from 17 to 21 on the number line. A line in the box is at 19. The lines outside the box end at 10 and 27.

Which of the following is the appropriate measure of center for the data, and what is its value?

Group of answer choices

The mean is the best measure of center, and it equals 19.

The median is the best measure of center, and it equals 4.

The median is the best measure of center, and it equals 19.

The mean is the best measure of center, and it equals 4.

Here is the graph in image form:

Answers

Answer:

I think its the first option.

Step-by-step explanation:

I think Its A because I think the mean is the stretch of a graph like shown in the image which is 19. So, I think that is your answer A.

It’s the median is the best measure of center, and it equals 19 because mean is the average of the whole thing while median is middle

The outside temperature was -6°C at 8:30 ᴀ.ᴍ. The temperature changed by an average of −0.6°C per hour until 11:00 ᴀ.ᴍ. Complete the sentences to identify the temperature at 11:00 ᴀ.ᴍ. and explain why it is reasonable. Select the correct answer from each drop-down menu. The temperature at 11:00 ᴀ.ᴍ. was
Choose...
. This is reasonable because the temperature
Choose...
each hour, meaning the ending temperature was
Choose...
than the beginning temperature.

Answers

Answer:

Step-by-step explanation:

 The temperature at 11:00 a.m. was -8.4°C_. This is reasonable because the temperature decreased by -0.6°C each hour, meaning the ending temperature was 1.8°C lower than the beginning temperature.

A store regularly sells a Nintendo Switch Lite for $200. They are currently on sale for 30% off and in your state the sales tax is 8%. What would be the final cost for the consumer (including tax) if they buy the Nintendo Switch Lite?

Answers

Answer:

$151.20

Step-by-step explanation:

The sale price of the Nintendo Switch Lite is 30% off its regular price of $200, which means the discount is:

Discount = 30% x $200 = $60

The sale price of the Nintendo Switch Lite after the discount is:

Sale price = $200 - $60 = $140

The sales tax in the state is 8%, so the tax amount on the sale price is:

Tax amount = 8% x $140 = $11.20

Therefore, the final cost for the consumer, including tax, would be:

Final cost = Sale price + Tax amount = $140 + $11.20 = $151.20

Hence, the final cost for the consumer, including tax, would be $151.20 if they buy the Nintendo Switch Lite.

not really a math wizard but i learnt this a month ago

200 x 30% is 60 then i guess you subtract 60 from 200 which is 140 then im pretty sure you multiply the sales tax aka 8% to 140 which would be 8% x 140 = 11.2 then you add 11.2 to 140 and i think that gives you 151.2

Caden is making beaded necklaces. Blue and red are his favorite colors, so he buys 50 grams of beads in each color. He switches between the two colors, but he runs out of the red beads first. That makes him wonder how much heavier the red beads are than the blue ones. After counting them, he finds he bought 250 blue beads but only 200 red beads. How many milligrams heavier is a red bead than a blue bead?

Answers

Since Caden bought 50 grams of each color and all the blue beads weigh the same and all the red beads weigh the same, we can divide 50 by the number of blue beads to find the weight of a single blue bead:

50 grams / 250 beads = 0.2 grams per blue bead

Similarly, we can divide 50 by the number of red beads to find the weight of a single red bead:

50 grams / 200 beads = 0.25 grams per red bead

To find the weight difference between a red bead and a blue bead, we can subtract the weight of a blue bead from the weight of a red bead:

0.25 grams per red bead - 0.2 grams per blue bead = 0.05 grams per bead

To convert grams to milligrams, we can multiply by 1000:

0.05 grams per bead * 1000 = 50 milligrams per bead

Therefore, a red bead is 50 milligrams heavier than a blue bead.

~~~Harsha~~~

Arjun’s mom is throwing a birthday party for his younger sister! She’s trying to figure out how many cupcakes to order when she realizes that it depends on the number of people eating cupcakes at the party.

What is the independent variable in this scenario? Why?

Answers

Answer:

Arjun's mom can vary the number of cupcakes she orders depending on the number of people expected to eat them.

Step-by-step explanation:

The independent variable in this scenario is the number of people eating cupcakes at the party. It is a variable that can be changed or manipulated and is not affected by other variables. In this case, Arjun's mom can vary the number of cupcakes she orders depending on the number of people expected to eat them.

The independent variable is something that stands independent like the name. Nothing can change or effect this number essentially making it invincible. The number of cupcakes she has to get is a dependant variable because it depends on the number of kids coming so that is definitely not the independent variable. Remember, the independent variable can stand alone and is not effected by any number. Hope that helps!

Clara and her little sister are making kites to fly in the park. Clara ties 60 centimeters of ribbon to the bottom of her little sister's kite. Clara's kite is bigger, so she needs more ribbon than her sister. Clara uses an extra 40 centimeters of ribbon for her own kite. If Clara started with 2 meters of ribbon, how many centimeters does she have left?

Answers

Answer:

Clara will have 40 centimeters of ribbon left.

Step-by-step explanation:

1 meter is the same as 100 centimeters, so 2 meters is 200 centimeters. So, we take 200 centimeters, subtract 60 centimeters:

[tex]200 - 60= 140[/tex]

so she has 140 centimeters, then we subtract another 60 centimeters for Clara's kite:

[tex]140 - 60= 80[/tex]

But remember, she needs an extra 40 centimeters because her kite is bigger:

[tex]80 - 40= 40[/tex]

So, Clara is left with 40 centimeters, or 0.4 meters, of ribbon.

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