3. If Ted is making monthly payments of $77 on a loan of $4,000 for 5 years;
approximately what percent interest is he paying?
$

Answers

Answer 1
answer: about 1.93%
hope this helps
Answer 2

The percent of interest is he paying is,

⇒ R = 4.62%

What is mean by Percentage?

A number or ratio that can be expressed as a fraction of 100 or a relative value indicating hundredth part of any quantity is called percentage.

To Calculate the percent of a number , divide the number by whole number and multiply by 100.

We have to given that;

Ted is making monthly payments of $77 on a loan of $4,000 for 5 years.

Hence, Yearly payments to pay is,

⇒ 12 × 77

⇒ $924

Hence, We get;

⇒ Interest = PRT/ 100

⇒ 924 = 4000 × R × 5 / 100

⇒ 92400 / 20,000 = R

⇒ R = 4.62%

Thus, The percent of interest is he paying is,

⇒ R = 4.62%

Learn more about the percent visit:

https://brainly.com/question/24877689

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Answers

Answer:

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3(x+8)

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h(t)=480t-16t^2

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Answers

Answer:

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Answers

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Answers

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Step-by-step explanation:

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Answers

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Captionless Image

Answers

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Answers

Answer:

Next term will be the 6th term i.e. a₆ will be:

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Here:

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Step-by-step explanation:

Given the sequence

[tex]\frac{1}{3},\:\frac{3}{4},\:\frac{4}{7},\:\frac{7}{11},\:\frac{11}{8},...[/tex]

First of all the terms of the sequence are in p/q form, where p is the numerator and q is the denominator.

As the fifth term of the sequence is:

a₅ = 11/8

From the given sequence it is clear that the numerator is changing by 3 units and the denominator is also changing by 3 units.

Thus,

The next term will be the 6th term i.e. a₆ will be:

a₆ = 14/11

Here:

p = numerator = 14q = denominator = 11

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Step-by-step explanation:

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Answers

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Answers

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Step-by-step explanation:

Answer:

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Answers

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Answers

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