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
PtichkaEL
3 months 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:
tester [12.3K]3 months ago
3 0

Answer:

$35,000

Step-by-step explanation:

The total repayment amount equals the loan amount plus the interest accrued.

To ascertain the interest from the deposit, use the formula for simple interest.

Simple interest = principal x time x interest rate

Principal refers to the deposited amount, which is $20,000.

Time is the length of the deposit, which is 5 years.

Interest rate is the percentage obtained from the deposit, which is 15%.

Calculating gives: 20,000 x 5 x 0.15 = $15,000

Consequently, the overall total becomes 20,000 + 15,000 = $35,000.

You might be interested in
An angle t is drawn from the center of the unit circle. Find a formula in terms of t for the straight line distance d between th
Leona [12618]
Assuming one radius of the circle intersects at the point (1,0), the formula for calculating straight-line distance is as follows:
5 0
2 months ago
Tags are placed to the left leg and right leg of a bear in a forest. Let A1 be the event that the left leg tag is lost and the e
babunello [11817]

Answer:

0.75 = 75% chance that only one tag is lost, provided at least one tag is lost

Step-by-step explanation:

Independent events:

If A and B are independent events, then:

P(A \cap B) = P(A)*P(B)

Conditional probability:

P(B|A) = \frac{P(A \cap B)}{P(A)}

Here

P(B|A) refers to the probability of event B occurring, given that event A has occurred.

P(A \cap B) is the probability of both A and B occurring together.

P(A) is the probability of event A occurring.

In this scenario:

Event A: At least one tag is missing

Event B: Only one tag is missing.

Each tag has a 40% likelihood of being lost, which is equal to 0.4.

Probability of at least one tag missing:

The events can be considered as either no tags are missing or at least one is. Their probabilities sum to 1. Thus

p + P(A) = 1

p is the probability that none are lost. Each tag has a 60% = 0.6 chance of not being lost, and since they are independent,

p = 0.6*0.6 = 0.36

Then

P(A) = 1 - p = 1 - 0.36 = 0.64

Intersection:

The intersection of at least one lost (A) and exactly one lost (B) is precisely one lost.

Then

Probability of at least one lost:

The first being lost (0.4 chance) and the second not lost (0.6 chance)

Or

The first not being lost (0.6 chance) and the second lost (0.4 chance)

So

P(A \cap B) = 0.4*0.6 + 0.6*0.4 = 0.48

Calculate the probability that exactly one tag is lost, given that at least one tag is lost (round to two decimal places).

P(B|A) = \frac{0.48}{0.64} = 0.75

0.75 = 75% likelihood that precisely one tag is lost, assuming at least one tag is lost

8 0
2 months ago
A geometry teacher asked Charlene to define “acute triangle.” Charlene said that an acute triangle is a triangle whose three int
Inessa [12570]
An acute triangle is defined as one in which all angles are acute. An acute angle is defined as having a degree measurement of less than 90. Thus, Charlene's definition is valid.
4 0
2 months ago
A rectangular garden is 6 feet long and 4 feet wide. A second rectangular garden has dimensions that are double the dimensions o
Svet_ta [12734]

Response:

100 percent increase

Detailed explanation:

1st garden

Length = 6 ft

Width = 4 ft

Perimeter = 2 (l+w)

                 = 2 (6+4) = 2(10) = 20

2nd garden

The length and width of this garden are double those of the first

Length = 2 *6 = 12

Width = 2 *4 = 8

Perimeter = 2 (l+w)

                 = 2 (12+8) = 2(20) = 40

Percent change = (new - old )/old * 100 percent

The first garden represents the old garden = 20  and the second refers to the new garden = 40

Substituting values in

Percent change = (40-20)/20 = 20/20 =100 *100 percent

                            = 100 percent increase

5 0
2 months ago
*TAXES MULTIPLE CHOICE* Zurab works for a salary of $1,986 per month. He has federal income tax withheld at the rate of 15 perce
zzz [12365]
To find the answer, subtract the total percentage of 24.65% and $48 from 1986, resulting in the final value.
8 0
3 months ago
Read 2 more answers
Other questions:
  • Why wouldn't the man stand in line to step on the scale ? <br><br> answer ?
    10·1 answer
  • The function f(x)=startroot -x endroot is shown in the graph. Which statement is correct?
    14·2 answers
  • Chelsea has 11 times as many art brushes as Monique. If they have 60 art brushes altogether, how many brushes does Chelsea have?
    12·1 answer
  • uncle sammy invests money on stocks and makes 7 to 13 percent of the invested money. Calculate the range of money sammy will mak
    8·1 answer
  • Victor had 15-kilometers start on Chase. How long will it take Chase to catch Victor if Victor travels at 65 kilometers per hour
    12·1 answer
  • Evan bought 6 batteries at $10 apiece and 6 batteries at $4 apiece. the total cost was the same as he would have spent buying 6
    7·1 answer
  • In ΔSTU, the measure of ∠U=90°, TU = 6.6 feet, and US = 2.3 feet. Find the measure of ∠S to the nearest tenth of a degree.
    11·2 answers
  • Which of the following predictions can be calculated using a geometric distribution?
    11·2 answers
  • With a perfectly balanced roulette wheel, in the long run, red numbers should turn up 18 times in 38. To test its wheel, one cas
    15·1 answer
  • Rosa is converting a unit of measure in one system to a unit of measure in another system. 1,760 yd1 mi⋅0.914 m1 yd⋅1 km1,000 m
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!