Your bank gives you a special loan of $112,000. At the end of 30 years, you will pay the bank $176,400 in simple interest. What is the annual interest rate on your loan?

Answers

Answer 1

Answer: In the given problem there are several information's worth taking note of. Based on these information's the rate on the loan can be calculated.It is already given that the Principal amount is $112000. Time is given as 30 years and the final amount as $176400.
Now we have to find the amount of interest first
Interest amount = (176400 - 112000) dollars
   = 64400 dollars
As per the formula of simple interest we know that
Interest = Principal * Rate of interest * Time
Rate of Interest = (Principal * Time)/Interest amount
      = (112000 * 30)/64400
      = 3360000/64400
      = 52.17
So the rate of interest on the loan for the period of 30 years was 52.17%

Answer 2

Answer:

Answer:

5.25

Step-by-step explanation:

I got this problem on imagine math and I got it right (the second time)

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Quick! Help me with this! 8 points! (but don't answer until I have the image posted)

Answers

The answer would be 10, because 5/5 is a whole fraction so it is technically 1.So the real problem is what is 1*10 and that = 10

So,

There are two (or more) ways to solve this.

#1: We can notice the pattern as the numerator goes up by 1 each time.

Every time the numerator goes up by 1, the result goes up by 2. Since the previous item was worth 8, and since the number we are trying to find is obviously the next item in the series, we can just add 2 again to get 8 + 2 = 10. So 10 is your answer.

#2: We can recognize that 5/5 is equal to 1.

Since 5/5 is equal to 1, and anything multiplied by 1 remains the same, we can say that 1 * 10 = 10. So 10 is still your answer, without so much brain-work.

Show three ways to estimate 3/5×9 1/2 identify each method you use

Answers

$(3)/(5)$ x 9 $(1)/(2)$

= $(27)/(10)$ = 2,7

the answer of this qestun is 10 1/10

I need help with this question someone please help and explain. Find the sum of the first twenty-seven terms of an arithmetic series whose first term is -8 and the sum of the first seven-term is 28.

Answers

Answer:

The sum of the first twenty-seven terms is 1,188

Step-by-step explanation:

we know that

The formula of the sum in arithmetic sequence is equal to

$S=(n)/(2)[2a1+(n-1)d]$

where

n is the number of terms

a1 is the first term

d is the common difference (constant)

step 1

Find the common difference d

we have

n=7

a1=-8

S=28

substitute and solve for d

$28=(7)/(2)[2(-8)+(7-1)d]$

$28=(7)/(2)[-16+(6)d]$

$8=[-16+(6)d]$

$8+16=(6)d$

$d=24/(6)=4$

step 2

Find the sum of the first twenty-seven terms

we have

n=27

a1=-8

d=4

substitute

$S=(27)/(2)[2(-8)+(27-1)(4)]$

$S=(27)/(2)[(-16)+(104)]$

$S=(27)/(2)88]$

$S=1,188$

morgan plays basketball. he bounces the ball and it goes up 50 feet above ground level in 25 seconds. by what rate per second does the ball go up in the sky?

Answers

the ball goes up in the sky by 2 seconds.

Which statement about the ordered pairs (-9, 3) and (2, - 4) is true for the equation6x - y/2 = 14?
•
(-9, 3) is a solution to the equation.
(2, - 4) is a solution to the equation.
Neither ordered pair is a solution.
Both ordered pairs are solutions.