Answer:
the total amount, including the tax, would be $76.464
Answer:
DBFEA
Step-by-step explanation:
Rate 1 Year 2 Years 3 Years 4 Years 5 Years
6.5% $86.30 $44.55 $30.65 $23.71 $19.57
7.0% $86.53 $44.77 $30.88 $23.95 $19.80
7.5% $86.76 $45.00 $31.11 $24.18 $20.04
8.0% $86.99 $45.23 $31.34 $24.41 $20.28
8.5% $87.22 $45.46 $24.65 $24.65 $20.52
9.0% $87.45 $45.68 $31.80 $24.89 $20.76
A.
$355.65
B.
$975.00
C.
$1,682.40
D.
$2,071.20
E.
$17,071.20
The total finance charge over the course of his loan is $2071.20.
It is required to find the total finance charge.
Simple Interest can be defined as the sum paid back for using the borrowed money, over a fixed period of time. Compound Interest can be defined as when the sum principal amount exceeds the due date for payment along with the rate of interest, for a period of time. Formula. S.I. = (P × T × R) ⁄ 100.
Given that:
Loan= $15,000
The table tells you that Bob's monthly payment on a 4-year loan at 6.5% will be 23.71 per thousand borrowed.
The sum of those 48 payments is ...
=48 × $23.71 =
=$1138.08
That means, Bob pays $138.08 in total finance charge for each $1000 he borrows. He is borrowing 15 times $1000.
so his total finance charge will be
= 15 × $138.08
= $2071.20
Therefore, the total finance charge over the course of his loan is $2071.20.
Learn more about simple & compound interest here:
#SPJ5
Answer:
D.
$2,071.20
Step-by-step explanation:
Answer: The answer is 50°
Step-by-step explanation: 65 + 65=130 180-130=50
rotates, the ray at an angle 8 makes a spot of light
that moves along the shore. The lighthouse is
located 500 m from the shoreline and makes
one complete rotation every 2 min.
Determine the equation that expresses the
distance, d, in metres, as a function
of time, t, in minutes.
Answer:
Step-by-step explanation:
The equation can be derived using the following trigonometric identity:
That is:
In this case, the opposite side is the distance from the lighthouse to the shoreline and the adjacent side is the distance from the lighthouse to the spot of light on the shoreline (500m)
The angle is equal to the angle of the light beam.
It is changeable according to the time. so,
Substituting these values into the trigonometric identity gives us the following equation:
Solving for d gives us the following equation:
Therefore, the equation to express the distance, d, in metres, as a function of time, t, in minutes is: