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
Anna35
1 month ago
10

10. Marie can afford a $250 per month car payment. She's found a 5 year loan at 7% interest.

Mathematics
1 answer:
Svet_ta [12.7K]1 month ago
5 0

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 × ( 1+ \frac{Rate}{100})^{Time}

Or, $3000 = Initial car cost × ( 1+ \frac{7}{100})^{5}

Or, $3000 = Initial car cost × 1.4025

Thus, the initial cost of the car is \frac{3000}{1.4025}

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

You might be interested in
If an eight-day single payment loan has a periodic interest rate of 11.1%, what is the approximate effective interest rate of th
babunello [11817]
Effective interest rate = Daily interest rate = Annual interest rate/number of days per year

Annual interest rate = 11.1%
Days in a year = 365

Thus,
Effective interest rate = 11.1/365 = 0.03%.
4 0
1 month ago
Read 2 more answers
1-i need to mix 25% mineral spirits to the varnish i am using what ratio of spirit to varnish am i using? 2-if i use 240 ml of v
Svet_ta [12734]

Answer:

(1) The necessary proportion of spirit to varnish stands at 1:3.

(2) A total of 80 ml of mineral spirit is required.

(3) The ratio of the heights to the widths of the tapestries is 3:2.

Step-by-step explanation:

(1) To achieve a mixture containing 25% mineral spirit, the blend consists of 25% spirit and 75% varnish.

Therefore, \frac{spirit}{varnish}=\frac{25}{75}

=\frac{1}{3}

Consequently, the proportion of spirit to varnish is 1:3.

(2) Using 240ml of varnish indicates this is 75% of the entire solution, which means the ratio of varnish to the total solution is 3:4.

Let the total solution quantity be x.

Thus, 240:x=3:4.

⇒\frac{240}{x}=\frac{3}{4}

⇒3x=240*4

⇒x=\frac{240*4}{3}

⇒x=320

This means the total solution amounts to 320 ml.

Now, calculating Spirit = Total solution - Varnish

⇒Spirit = 320ml-240ml

⇒Spirit = 80ml

Therefore, when using 240 ml of varnish, you will require 80 ml of mineral spirit.

(3) The dimensions of Robison's tapestries are uniform at 1.5m in length and 1m in width. Initially, to obtain whole numbers, we multiply these dimensions by 10.

Thus, the dimensions become 15m long and 10m wide.

Now, the proportion of Height to Width is 15:10

⇒\frac{Height}{Width} =\frac{15}{10}

⇒\frac{Height}{Width} =\frac{3}{2}

Thus, the proportion of the heights of the tapestries to their widths is 3:2.

8 0
1 month ago
An average person in the country needs 2,450 kilocalories / day of food to meet their full nutritional needs. The average number
tester [12383]

Answer:

Area of land = 0.056 hectares

Detailed explanation: Knowing that

A typical person in the country requires 2,450 kilocalories each day. This means

An individual consumes 2450 kilocalories daily

The average kcal produced per hectare (ha) from the available food in the nation is 15,737,000 kcal/ha.

Thus, in one day, for one individual, we have

15737000 = 2450/hec

Hectare = 2450/15737000

Hectare = 1.5568 × 10 -4

The total land area required to provide sufficient kilocalories for a single person for one year in this developing country will be

Calculated hectare × 365.25

Hectare = 1.5568 × 10 -4 × 365.25

Area of land = 0.056 hectares

7 0
2 months ago
A Climbing Gym charges $10 to climb each day. A pair of Climbing shoes cost $84. It cost $169 to buy 6 days of climbing, one pai
PIT_PIT [12445]
Cost for 6 days of climbing = $10 * 6 = $60
Cost for a pair of shoes = $84
Total expenditure = $169

Thus, the cost for one harness = $169 - $(84+60)
harness = $169 - $144 = $25

Thus, the final answer is $25.
8 0
2 months ago
Ben and Joel are raising money for their class trip by selling wrapping paper. Ben raised $43.50 by selling 12 rolls of solid pa
lawyer [12517]

Detailed solution:

The price of solid paper is $1.75 each

Printed paper is priced at $2.50 each

Information provided:

Ben's total is $43.50 (12 rolls of solid paper and 9 rolls of printed paper)

Joel's total is $51.50 (8 rolls of solid paper and 15 rolls of printed paper)

Let x represent solid paper

Let y represent printed paper

The equations are: 12x + 9y = 43.50

 8x + 15y = 51.50

To find x:

8x + 15y = 51.50

Solving for x gives: 8x = 51.50 - 15y

Thus, x = (51.50 - 15y)/8

Next, substitute x:

12x + 9y = 43.50

Replacing x results in: 12(51.50 - 15y)/8 + 9y = 43.50

Which expands to: (618 - 180y)/8 + 9y = 43.50

Multiplying through by 8 yields: 618 - 180y + 72y = 348

Rearranging gives us: -108y = 348 - 618

This simplifies to: -108y = -270

Dividing by -108 results in: y = 2.50

Using the expression for x:

x = (51.50 - 15y)/8

Substituting y, we get: x = (51.50 - 15(2.5))/8

Thus, x = (51.50 - 37.50)/8

This simplifies to: x = 14/8

Final value is: x = 1.75

Verification: x = 1.75; y = 2.5

Substituting into the first equation: 12x + 9y = 43.50

12(1.75) + 9(2.5) = 43.50

Calculating gives: 21 + 22.50 = 43.50

This confirms: 43.50 = 43.50

Substituting into the second equation: 8x + 15y = 51.50

8(1.75) + 15(2.5) = 51.50

Calculating yields: 14 + 37.50 = 51.50

This also confirms: 51.50 = 51.50

6 0
2 months ago
Other questions:
  • Decimal 0.003 is 1/10 of
    9·1 answer
  • Which set of ordered pairs represents a function?
    12·2 answers
  • A machine assembly requires two pyramid-shaped parts. One of the pyramids has the dimensions shown in the figure. The other pyra
    13·2 answers
  • Write 2.3181818... as a mixed number.
    6·2 answers
  • How do you write 0.0036 in scientific notation
    6·2 answers
  • What is the sum of 14 and the opposite of 12
    7·1 answer
  • The 200 students in a school band will attend awards dinner. A random survey of 25 of these students was conducted to determine
    13·1 answer
  • What is the following simplified product? Assume x greater-than-or-equal-to 0 (StartRoot 10 x Superscript 4 Baseline EndRoot min
    10·1 answer
  • Find the value of w and YZ if Y is between X and Z. <br>XY = 4w YZ = 6W XZ = 12w - 8​
    8·1 answer
  • A 96-ft high transmission tower casts a 72-ft long shadow. An anchor wire runs from the top of the tower to the tip of the shado
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!