A person requests an immediate bank overdraft of $2000. The
bank generously agrees to this but insists that it should be repaid
by 12 monthly instalments and charges 1% interest every month
on the outstanding debt. Determine the monthly repayment

Answers

Answer 1
I think that the answer would be $186.67. My reasoning is 1% of $2000 is $20. Installments of 12 months. Take 2000/12 plus the interest of 1% ($20) you get 186.66 repeating however rounding would make it 186.67.
Answer 2

The monthly repayment for the given principal and rate of interest is $168.3.

Given that, a person requests an immediate bank overdraft of $2000.

What is the rate of interest?

An interest rate tells you how high the cost of borrowing is, or high the rewards are for saving. So, if you're a borrower, the interest rate is the amount you are charged for borrowing money, shown as a percentage of the total amount of the loan.

Here, P=$2000, T=12 months = 1 year and r=1%

Now, interest = (2000×1×1)/100

= 20

Total amount = 2020

So, monthly instalment = 2020/12

=$168.3

Therefore, the monthly repayment for the given principal and rate of interest is $168.3.

To learn more about the rate of interest visit:

https://brainly.com/question/28236069.

#SPJ5


Related Questions

1.) Write .378 as a fraction in simplest form

Answers

Here you go! I hope this helps! It looks like your math is hard but it will get easier

6(31)+6(4)-6(15) mental math form

Answers

186+6 multiple 4-6 multiple 15
186+24-90
120 answer

[tex]6(31)+6(4)-6(15)=6(31+4-15)=6(20)=120[/tex]

ok done. Thank to me :>

The first term of an AP is p & it's common difference is q. What it's 10th term?​

Answers

The first term of an AP = p

The common difference = q

We know that

nth term of an AP = a+(n-1)d

10th term = a+(10-1)d = a+9d

t10 = p+9q

Tenth term of the AP is p+9q

also read similar questions: a) The sixth term of an AP is twice the 3rd term and the first term is 3. Find the common difference and the 10th term....

https://brainly.com/question/19517085?referrer

If the 17th term of an AP exceeds the 10th term by 7, then the common difference is_____

https://brainly.com/question/16821782?referrer

A bike path is 12.5 miles. Dominic is 70​% of the way to the end. How far is Dominic on the​ path?


Pls help me

Answers

Answer:

p/12.5 = 70/100

Step-by-step explanation:

a percent is considered out of 100

since you know the total 12.5, that will fit as the whole

HELP ME OUT PLEASE!!!

What is the equation of this line?​

Answers

Answer: THe Second answer is the correct one

Step-by-step explanation:

Answer:

y = 3x-2

Step-by-step explanation:

A ladder is 65 inches tall. How tall is it in feet and inches?

Answers

1 foot = 12 inches

65 inches / 12 = 5.41 feet

5 x 12 = 60

65-60 = 5

Answer: 5 feet 5 inches

21.
2 poin
A student received the following grades last semester. Find the student's
semester grade point average.
Credits
Course
Statistics
Physics
Sociology
Literature
Tennis
Grade Points
A 4.0
A 4.0
B 3.0
B 3.0
D 10
1

Answers

Answer:

4.8

Step-by-step explanation:

add all values and divide it by 5

Pls help I’ll brainlest ASAP

Answers

(-2,1) i think that’s the answer
3/5 is the slop 3 up 5 over

Can someone help me please

Answers

50 would be your answer because it is adding 15 each time

Litter cleanup volunteers form 4 groups containing v volunteers
each. Then 10 more volunteers show up. The volunteers regroup
into 5 groups each containing 6 people. How many volunteers
were in each original group? Write an ALGEBRAIC EQUATION and solve to answer the question.

Answers

mom will let you know

Step-by-step explanation:

shes gone

Find the equation of the line passing through the point (−5,−9) and parallel to the line y=3x+2 .

Answers

Answer:

Root:(-⅗,0)

vertical intercept:(0,5)

Step-by-step explanation:

Let f(x) =
=(x^2-16x+39
Divide by X-3
a,if x #3
if x = 3

Answers

Answer:

Step-by-step explanation:

x² - 16x + 39 = ( x - 3 )( x - 13 )


Solve x + 5x – 14 = 0

Answers

Hey there!

Solve the equation:

Answer :

x = 7/3 ✅

Explanations:

x + 5x - 14 = 0

>> Add 14 to both sides :

x + 5x - 14 + 14 = 0 + 14

x + 5x = 14

6x = 14

>> Divide each side by 6 :

6x / 6 = 14 / 6

x = 14/6

Simplify the result :

14 / 6 = 2*7 / 2*3 = 7/3

Therefore, your answer is 7/3 .

More about equations:

brainly.com/question/12058678

Have a good day :)



please help! will give brainliest:)

Solve the following system:
2x - z=14 a
10
3x - y + 5z = 0
(4x + 2y + 3z = -2

Answers

Answer

1) x = 8

2) x = 1/3y + -5/3z

3) x = -1/2y + -3/4z + -1/2

Hope this helps:))

What’s 12.71 divided 6.2?

Answers

Answer:

2.05

Step-by-step explanation:

12.71/6.2=2.05

The value of the expression 12.71 ÷ 6.2 using the division property will be 2.05.

What is Algebra?

Algebra is the study of algebraic expressions, while logic is the manipulation of those concepts.

The acronym PEMDAS stands for Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This rule is used to answer the problem correctly and precisely.

The numbers are given below.

12.71 and 6.2

Then the division of the decimal numbers 12.71 and 6.2 will be given by putting a divide sign between them. Then we have

⇒ 12.71 ÷ 6.2

⇒ 12.71 / 6.2

⇒ 2.05

The worth of the articulation 12.71 ÷ 6.2 utilizing the division property will be 2.05.

More about the Algebra link is given below.

https://brainly.com/question/953809

#SPJ2

y=sech(tan‐¹x) find the derivative ​

Answers

Recall that

d/dx sech(x) = - sech(x) tanh(x)

d/dx tan⁻¹(x) = 1/(1 + x²)

Then by the chain rule,

dy/dx = - sech(x) tanh(x) / (1 + x²)

B. Direction: Rewrite the each of the following using EXPONENTS.

Example: Two to the seventh power =2⁷ 7 × 7 × 7 = 7³

5) six with the exponent
6) 10 × 10 × 10
7) 3 × 3 × 3 × 3

Answers

5) 6 with the exponent.

6 can be with any exponent (since you haven't given it) like, 6¹, 6², 6³, 6⁴ etc. But, since the value is not given..it'll most probably be 6¹.

6) 10 × 10 × 10 = 10³

7) 3 × 3 × 3 × 3 = 3⁴

_____

Hope it helps ⚜

5. 6^1
6. 10^3
7. 3^4
I think this is what you’re asking for?
#brainliest

Chris is standing on a cliff that is 3 feet above sea level. He dives into the water and descends to a depth 10 feet below the surface of the sea. On a number line, what is the distance between the two elevations?
7
8
13
14​

Answers

13
Use a number line to help.

Answer:

C

Step-by-step explanation:

Cumulative Exam 2021

Merry Christmas <3

P.S. Have a good winter break :)

An account earns simple interest. Find the annual interest rate. I = $60 P = $500 t = 2 years The annual interest rate is %. 10​

Answers

Answer:

100

Step-by-step explanation:

A = P(1 + rt)

A = 500(1 + (0.1 × 2)) = 600

A = $600.00

600-500= 100

6(2x + 4) = 3(4x + 8)
Please answer this!

Answers

Answer:

Infinitely many solutions

Step-by-step explanation:

6(2x + 4) = 3(4x + 8)

Distribute the 6

6 * 2x = 12x and 6 * 4 = 24

12x + 24 = 3(4x+8)

Distribute the 3

3 * 4x = 12x and 3 * 4 = 24

12x + 24 = 12x + 24

On both sides of the equal sign we have 12x + 24.

When both sides are equal there are infinitely many solutions.

PLEASE HURRY! WILL MARK BRAINLIEST IF CORRECT (Screenshot)

Answers

Answer: 7 1/5

Explanation: I used a fancy calculator

The table shows the number of
flowers used to create bouquets,
based on the number of bouquets.
Bouquets
Flowers

Bouquets Flowers
3. 27
5 45
8i 72

Answers

According to the table given, the rate of change is of 9.

The rate of change is given by the change in the output divided by the change in the input.

In this problem:

The input is the number of bouquets.The output is the number of flowers.

Taking two of the points, (3,27) and (5,45), we have that:

[tex]m = \frac{45 - 27}{5 - 3} = \frac{18}{2} = 9[/tex]

Hence, the rate of change is of 9, which would be verified taking any pair of two points.

You can learn more about rate of change at https://brainly.com/question/25823744

What does y= -3x+3 equal

Answers

Answer:

Solving for x, the answer is x = 1 - y/3

Hope this helps :D

Answer:

Step-by-step explanation:

y= -3x+3 is the equation of a straight line with slope -3 and y-intercept 3. The x-intercept is found by letting y = 0 and solving for x:  x = 1.

y= -3x+3 can be re-written in "standard form:"  3x + y = 3.

The sum of a number times 7 and 15 is at least -19

Answers

Answer:

x(7+15) [tex]\leq[/tex] -19

Step-by-step explanation:

13. What is the equation of the line through the two points (5,2) and (5.-3)​

Answers

Answer:

yes i love this app , this app so good

The ages of Edna, Ellie, and Elsa are consecutive integers. The sum of their ages is 123. What are their ages? Show work.

Answers

Answer:

Ellie's age is 41, Edna's age is 40, Elsa's age is 42

Step-by-step explanation:

Let Ellie's age be x. Because they're consecutive integers, Edna's age is x-1 and Elsa's age is x+1. Therefore, 3x=123, x=41, so Ellie's age is 41, Edna's age is 40, Elsa's age is 42

Answer:

Edna is 40, Ellie is 41 and Elsa is 42.

Step-by-step explanation:

let Edna be m years old

m - Edna

m+1 - Ellie

m+2 - Elsa

m+m+1+m+2=123

Collect like terms

3m+3=123

3m=123-3

3m=120

Divide through by 3

m=40

Therefore, Edna is m=40 years old

Ellie=m+1=41 years old

Elsa=m+2=42 years old.

Solve: 5(x+2) = 3x + 5

Answers

Answer:

-2.5

Step-by-step explanation:

5(x+2) = 3x+5

5x+10=3x+5

5x-3x=5-10

2x=-5

x=-2.5

Answer: -5/2

Step-by-step explanation: the explanation and the answer above, -2.5 is correct but it can be simplified to -5/2 for those working in Apex

A box plot is shown

O

2

4

6

8

10

12

Determine the five-statistical summary of the data. Drag the correct number to each variable in the summary.

14

16

18

20

22 24 26

28

30

Minimum:

Maximum:

Median:

First Quartile:

Third Quartile:

1

2

3

4

11

5

12

6

ما تا ته

13

14

8

21

15

22

16

10

23

17

24

18

25

19

26

20

27

28

29

30

Please answer fast

Answers

Answer:

O

2

4

6

8

10

12

Determine the five-statistical summary of the data. Drag the correct number to each variable in the summary.

14

16

18

20

22 24 26

28

30

Minimum:

Maximum:

Median:

First Quartile:

Third Quartile:

1

2

3

4

11

5

12

6

ما تا ته

13

14

8

21

15

22

16

10

23

17

24

18

25

19

26

20

27

28

29

30

Please answer fast

12. Write a
multiplication number sentence that
matches the shading on the grid.
Remember,
each small square
is 1 hundredth.
I am giving away brainest

Answers

Answer:

the answer would be 5×1k=b

Question 4 (Essay Worth 1 points)
[Image: Vertical number line ranging from negative 5 to 5.]
On this number line, zero represents sea level. Plot the following points based on the description provided.
• opposite of 4








Help please

Answers

Answer:

2

Step-by-step explanation:

Other Questions
so im having trouble with this problem and i tried to find out what it is but i still don't know the answer. look at the right angle triangle ABC 75 Can someone pls help really quickGiven the following data points, determine the Mean, Median, Range, and Mode. Then split the data up into Quartiles and Quintiles.65 57 72 7698 65 55 69 6780 64 5 37 892 31 54 51 36Mean:Median:Mode:Range:The cost of producing a vanity license plate is c = $1000 +$8p where p is the number of plates you produce. Complete the table below:Number of Plates Total Cost Cost per Plate15 75 150 What is the minimum number of plates you need to produce in order to make a profit assuming you sell the plates for $20? What about if you sell the plates for $15? The US Constitution originally said that senators would be selected by state legislatures. Per the terms of the 17th Amendment, senators are now elected directly by the citizens of their respective states. The party balance in the 115th Congress (201719) is 51 Republicans, 47 Democrats, and 2 independents, who caucus with the Democrats. As of January 2018, Republicans had control of the legislatures of 31 states; Democrats had control in 14; control was split in 4; and Nebraska was officially nonpartisan.Develop an argument for or against repealing the 17th Amendment. In your essay, you must:articulate a defensible claim or thesis that responds to the prompt and establishes a line of reasoning.use your knowledge of federalism, the constitutional position of the US Senate, partisan politics, checks and balances, voting rights, and the history of redistricting or gerr What does the Pope do at noon on Christmas Day Fill in the blank with the Spanish word that best completes the following sentence. Para el da de las madres, voy a __________ para comprar las flores. La juguetera la florera la carnicera la joyera. Q: Which of the following correctly describes the goal of the country before WWIIended?Select one:a. United States; wanted to make sure that the Soviets were able to keep controlof Eastern Europe.b. Soviet Union; wanted to make sure that they were able to keep control ofEastern Europe.C. United Kingdom; wanted to make sure that the U.S. kept its empire.d. Soviet Union; wanted to make sure that the United Kingdom kept its empire. ( )wanted to leave and find a place where they could have complete religious freedom Given the scatter plot below, write the equation for the line of bestfit in slope-intercept form. Compound use by cells to store and release energy solve for x plsss. & then solve for y The original price of a camera was 7200.00. Iwas given a discount of 36%. How much did I pay forthe camera? 2 + 2 = ? plz help me A chemist heats a gas within a sealed, rigid container. Which statement describes the changes that occur in the gas? (1 point)-The gas particles move slower and hit the sides of the container with less force, consequently, the pressureincreases-The gas particles move slower and hit the sides of the container with less force, consequently, the pressure decreases-The gas particles move faster and hit the sides of the container with more force, consequently, the pressureincreases-The gas particles move faster and hit the sides of the container with more force, consequently, the pressuredecreases find the product of 2317 and 9 Part 2. Choose the best option to complete each sentence.13. She likes sweet soup and her friends do ,..A. too B. so C. either D. neither CU1A baby gains 11 pounds in its first year of life. The baby gained 4 a pounds during the first four months and 35 pounds inits second four months. How much did the baby gain in the last four months?o 31 poundso 33 poundsO 4 poundsO 5 poundsMark this and returnSave and ExitNextSubmit what is the answer this math problem? Was it fair for Athens to spend the Delian money to improve their own city? What wasthe money supposed to be for? The graph below shows the number of viable bald eagle nests along a25-mile long section of the Mississippi River between Wisconsin andMinnesota. IF EACH BALD EAGLE NEST ACCOUNTED FOR A BREEDINGPAIR, what is the probable carrying capacity of this environment? *