10. Marie can afford a $250 per month car payment. She's found a 5 year loan at 7% interest.
1 answer:
Response:
A) Marie's maximum car purchase price is $2139
B) The total sum she pays to the loan provider is $3000
C) The interest charged amounts to $861
In-depth analysis:
Provided is:
Marie can afford a car payment of =$250 each month
=$250 × 12 = $3000 annually
She secured a loan for a duration of 5 years
The interest rate stands at 7%
Now,
The payment amount = Principal ×
Or, $3000 = Initial car cost ×
Or, $3000 = Initial car cost × 1.4025
Thus, the initial cost of the car is
Consequently, The original price of the vehicle = $2139.03
Now, Compound Interest = CI = Amount - Principal
Hence, CI = $3000 - $2139
So, CI = $861
Thus from the above calculation, it can be determined that:
A) Marie's maximum car purchase price is $2139
B) Total payment to loan company = $3000
C) The interest amount = $861
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762,508 expressed in expanded form with exponents is:
Solution:
We need to write 762,508 using expanded notation with exponents.
Expanded form indicates how to represent numbers to highlight the individual digit values.
Displaying 762508 in Expanded format
Let's determine the positional values of each digit:
The concept of place value signifies the worth assigned to each digit based on its location.
For 7, the place value is 700,000
In 762508, the digit 7 is located in the hundred-thousands position.
For 6, the place value is 60,000
In 762508, the digit 6 occupies the ten-thousands position.
For 2, the place value is 2,000
In 762508, 2 is in the thousands position.
For 5, the place value is 500
In 762508, 5 is placed in the hundreds position.
For 0, the place value is 0 x 10 = 0
In 762508, 0 is found in the tens position.
For 8, the place value is 8
In 762508, 8 is positioned in the units place.
Thus, the expanded form is:
700,000 + 60,000 + 2,000 + 500 + 0 + 8
Expressed with exponents, it can be written as: