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
ki77a
1 month ago
13

Zack borrowed $1,087 for 12 months at 11% interest. if he must pay 11.00 per $100, what is the total amount of money he will rep

ay?
a. 1,252.27
b. 1,100.00
c. 1,087.35
d. 1,206.57
Mathematics
2 answers:
Inessa [12.5K]1 month ago
0 0

Answer:

I completed the exam, but I believe it would be more beneficial to highlight the correct answer, which pertains to Zack in this test

Step-by-step explanation:

Given that Zack borrowed $1,087 for 12 months at an interest rate of 11%, what is his total interest expense?

$119.57 (Correct)

$130.44

$132.00

$158.95

Zack's $1,087 loan, at an 11% interest rate, leads to what total amount payable?

$1,252.27

$1,206.57 (Correct)

$1,100.00

$1,087.35

For Zack's borrowed $1,087 loan at an 11% interest rate, what would his monthly payment be?

$100.55 (Correct)

$132.00

$1,087.00

$1,100.00

Svet_ta [12.7K]1 month ago
0 0

Answer:

The accurate choice is d.

Step-by-step explanation:

Zack took a loan of $1,087 for a period of 12 months at an interest rate of 11%. The implication is that he owes $11.00 for every $100 borrowed.

The simple interest formula is:

I=\frac{P\times r\times t}{100}

Where P signifies the principal amount, r represents the interest rate in percentage, and t indicates time in years.

I=\frac{1087\times 11\times 1}{100}

I=119.57

Zack's interest amounts to $1,087.

The total amount that he must repay is

1,087+119.57=1,206.57

Thus, option d is the right answer.

You might be interested in
An urn contains 3 red and 7 black balls. Players and withdraw balls from the urn consecutively until a red ball is selected. Fin
Leona [12618]

Correct question:

An urn holds 3 red and 7 black balls. Players A and B take turns withdrawing balls until a red one is chosen. Calculate the probability that A picks the red ball. (A goes first, followed by B, with no replacement of drawn balls).

Answer:

The likelihood that A picks the red ball is 58.33 %

Step-by-step explanation:

A will select the red ball if it is drawn 1st, 3rd, 5th, or 7th.

1st draw: 9C2

3rd draw: 7C2

5th draw: 5C2

7th draw: 3C2

Calculating for all possible scenarios gives us:

9C2 = (9!) / (7!2!) = 36

7C2 = (7!) / (5!2!) = 21

5C2 = (5!) / (3!2!) = 10

3C2 = (3!) / (2!) = 3

Adding these possibilities results in 36 + 21 + 10 + 3 = 70.

The total outcomes for selecting a red ball = 10C3

10C3 = (10!) / (7!3!)

= 120.

The probability that A selects the red ball is determined by dividing the sum of possible events by the overall outcomes.

P( A selects the red ball) = 70 / 120

= 0.5833

= 58.33 %

7 0
1 month ago
Kendra is choosing bouquets of flowers for table centerpieces. She decides to buy 40 bouquets for $120 because she thinks that p
babunello [11817]

Answer:

Find below:

Step-by-step explanation:

To determine this, we will either calculate the total cost of acquiring 40 bouquets at $2.50 each or find the single bouquet’s cost at $120.

Cost of one in pack of 40 priced at $120.

120 divided by 40 equals $3

Now, we notice that $3>$2.50

This indicates Kendra has made an error by purchasing the 40 bouquet pack at $120

Hope this helps.

Good Luck

7 0
24 days ago
In the diagram below BD is parallel to XY. What is the value of x
Svet_ta [12734]

The value of x equals 60 degrees.

This is because alternate interior angles are equal by definition :)

Can I get the brainliest award please?

5 0
1 month ago
Read 2 more answers
Given that P = (-5, 5) and Q = (-13, 10), find the component form and magnitude of 2 vector PQ.
tester [12383]
Define the unit vectors along the x and y axes as \hat{i}, \, \hat{j} correspondingly.

Consequently, the vector from P to Q is
\vec{PQ} = (-13+5)\hat{i} + (10-5)\hat{j} = -8\hat{i} + 5\hat{j}
In terms of components, vector PQ is represented as (-8,5).

The magnitude of vector PQ can be calculated as
√[(-8)² + 5²] = √(89) = 9.434

Answer:
Thus, vector PQ is (-8, 5), and its magnitude equals √89 (or 9.434).
4 0
1 month ago
Read 2 more answers
Jenna saves $2,500 per year in an account that earns 10% interest per year, compounded annually. Jenna will have(A $411,234) (B
Leona [12618]

Response:

The result is $43623.50

Detailed explanation:

This query involves compound interest.

The formula for calculating compound interest is

A=P(1+r)^t

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

Provided information

P= $2,500

r= 10/100= 0.1

t= 30 years

Inserting values into the compound interest formula and calculating A gives us

A=2500(1+0.1)^30

A=2500(1.1)^30

A=2500*17.449

A=$43623.50

The total amount is $43623.50

The balance in her account comes from Jenna’s (A annuity payments)

3 0
20 days ago
Other questions:
  • Levi invested $8,500 in an account paying an interest rate of 3.4% compounded continuously. Assuming no deposits or withdrawals
    5·2 answers
  • Mary wrote a book of 1536 pages. She numbered all pages by hand. How many times did she write the digit 6?
    7·1 answer
  • Leslie is running for a political office. She wants to poll adults in her district to understand their stances on various issues
    12·1 answer
  • Sue scored a total of 35 points in two games.she scored 6 times as many points in the second game than in the first.how many mor
    8·1 answer
  • Jada earned $50 babysitting and plans to use the money to go to the fair l.admission to the fair is $5 and each ride is $2.50.wh
    10·2 answers
  • The final velocity of an object moving in on one dimension is given by the formula v = u + at, where u is the initial velocity,
    14·1 answer
  • Tara earns $8.50 an hour (after taxes) at the pizza place. She is scheduled to work four hours this afternoon. However, her frie
    12·1 answer
  • True or​ false: when comparing two​ populations, the larger the standard​ deviation, the more dispersion the distribution​ has,
    8·1 answer
  • A circular room has a floor of diameter 590cm. Estimate the 92.2 perimeter of the room in metres​
    13·1 answer
  • WILL GIVE BRANLIEST!!! Pls help! Determine the coordinates of the point on the straight line y=3x+1 that is equidistant from the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!