Ella is Bono motorcycle and he’s taking out a loan in the amount of $15,000 her choice is for the loan or a 36 month loan at 6.50% annual simple interest and 48 month loan at 7.50 annual simple interest what is the difference in the amount of interest Ella would have to pay for these two loans

Answers

Answer 1

Answer:

Step-by-step explanation:

Step-by-step explanation:

The formula for simple interest is expressed as

I = PRT/100

Where

P represents the principal

R represents interest rate

T represents time in years

I = interest after t years

Considering the 36-month loan,

T = 36 months = 36/12 = 3 years

P = $15000

R = 6.5%

Therefore

I = (15000 × 6.5 × 3)/100

I = 292500/100

I = $2925

Considering the 48-month loan loan,

T = 48 months = 48/12 = 4 years

P = $15000

R = 7.5%

Therefore

I = (15000 × 7.5 × 4)/100

I = 450000/100

I = $4500

The difference in the amount of interest Ella would have to pay for these two loans is

4500 - 2925 = $1575


Related Questions

PLS HELP I WILL GIVE BRAINLEST
1. Patrick is saving money to buy a video game that costs $68.


Part A. Patrick receives $6 every week for doing chores at home. Patrick spends $2.00 every week and saves the rest.
How many full weeks will it take Patrick to save enough money to purchase the video game? Show your work and justify your answer.



Part B. Patrick can earn extra money by cutting grass. His neighbors will pay him $4.00 for each lawn that takes him 30 minutes. What is the amount of time, in extra HOURS, that Patrick would have to spend cutting grass to be able to buy a second $68 video game for his friend? Show your work to justify your answer.

Answers

Answer:

he earns 69 dollars

Step-by-step explanation:

1st grade question now give brainliest 5 stars and heart

Answer:

Step-by-step explanation:

Part A.  

6x-2=68

  +2       +2

6x=70

/6      /6

x=11.66

x≈12

Part B.

6x-2+8x=68

14x-2=68

   +2  +2

14x=70

/14      /14

70/14=5

x=5

I hope this helps:

Can you guys help my brother please

Answers

a. 4
b. 8
c. 6th and 8th

Write a slope-intercept equation of the line with a slope of — that passes through the point (6, 10).
O A. y = 6x + 10
O B. y=-x +38 3
O C. y=-x +14
O d.y= -x + 6

Answers

Answer:

y= -x + 6

please mark as brainliest

If the measure of angle A is 71° in the measure of angle E is:

Answers

If Angle A is 71°, E is 355°.

Answer:

Angle E: 289

Step-by-step explanation:

If there are only 2 angles, and they would add up to be 360, then it is 289.

Just subtract 360-71 to get 289

Find the resultant of two displacement vectors A and B shown below. The magnitude of A is 20m, and the magnitude of B is 30m

Components A: ____ ____
Components B: ____ ____

Answers

Well 6,8 and 5,8 the answer

What is the value of 1/2 x^3+3.4y when x=2 and y=5?

Answers

(1/2) * x^3 + 3.4y when X = 2 and Y = 5.
= (1/2) * (2^3) * 3.4(5)
= (1/2) * 8 * 17
= (1/2) * 136
= 136/2
= 68.

Twice the number v + 1

Answer:​

Answers

Answer:

2(c+1)

=

2c+2

Step-by-step explanation:

Anybody know the answer to this? Please help ASAP

Answers

Answer:

Read this section of the text:

These raptors eat primarily flying insects, so they do most of their hunting on the wing.

What does primarily mean in this sentence?

Step-by-step explanation:

Which example shows the distributive property?
a. a (b + c) = ab +ac
b. (a + b) + 9 = a (9 + b)
c. a + a + a = 3a
d. a(0)

Answers

The answer A shows the distributive property. :)
A is the answer it shows the distributive property hope this helps

A committee is to consist of two members. If there are seven people
available to serve on the committee, how many different committees can
be formed

Answers

Answer:

2

Step-by-step explanation:

Common Sense

The number of different ways committees can be formed will be 21.

What are permutation and combination?

A permutation is an act of arranging items or elements in the correct order. Combinations are a way of selecting items or pieces from a group of objects or sets when the order of the components is immaterial.

A committee is to consist of two members.

If there are seven people available to serve on the committee.

If two people are selected from the group of seven people.

Then the number of different ways committees can be formed will be

⇒ ⁷C₂

⇒ 7! / [(7 – 2)! x 2!]

⇒ 7! / [5! x 2!]

⇒ 7 x 6 x 5! / [5! x 2 x 1]

⇒ 7 x 6 / 2

⇒ 7 x 3

⇒ 21

Thus, the number of different ways committees can be formed will be 21.

More about the permutation and the combination link is given below.

https://brainly.com/question/11732255

#SPJ2

which graph does not represent a proportional relationship​

Answers

Answer:

A would be your answer if I'm not mistaken

Help please 100 points if you do

Answers

u scammer it only says 5 points not 100

Please help me! Im really confused!

Answers

Answer:

4) 8:1

Step-by-step explanation:

well on the first perfect point there are 8 cups of raspberry juice and 1 cup of lemon-lime soda and it is comparing them in that order so since 1 is the unit it would be 8:1

Answer:

c is correct answer is yes then please

?????????????????????

Answers

Answer:

g(3) = 0

Step-by-step explanation:

You know g(x) = 3x - 9. So, to find g(3), you have to replace x by 3 on the other side.

g(3) = 3(3) - 9

You can solve this.

g(3) = 9 - 9

g(3) = 0

Answer:

0

Step-by-step explanation:

The student population of a school consists of 300 girls and 500 boys

Answers

Answer:

In all you have 800 students.

The ratio of girls to boys is 300:500

500 x 300 = 150000

Step-by-step explanation:

Hope this helps?

fahimahash is wanted for using bad subject bounty 50 points for the account deleted

Answers

Ok thx for letting everyone know

Please help by today

Answers

Answer:

hmmmmm

Step-by-step explanation:

Answer:

∠3 = 108

Step-by-step explanation:

∠1 + ∠2=180 because a straight line is 180°

∠1=5x+10  and  ∠2=9x+2

5x+10  +  9x+2 = 14x+12

14x+12=180

180-12=168

168/14=12

x=12

∠2 = 9x+2 = 110

180-110 = 70

∠4 = 70

∠4 + ∠3 + ∠5 = 180

∠5 = 90 -5x = 30

i messed up the process here lol but the answer is for sure right

Caroline is saving up to buy a new video game. She already has $45 and can save an additional $9 per week using money from her after school job. How much total money would Caroline have after 9 weeks of saving? Also, write an expression that represents the amount of money Caroline would have saved in w weeks

Answers

Answer:

Step-by-step explanation:

9*9=81

81+45

Answer:

9=9=81

Step-by-step explanation:

When a=-12 and b=6, which expression:
has the largest value?
has the smallest value?
is the closest to zero?
When a=12 and b=-6, which expression:
has the largest value?
has the smallest value?
is the closest to zero?
When a=-6 and b=-12, which expression:
has the largest value?
has the smallest value?
is the closest to zero?

Answers

Answer:

Step-by-step explanation:

2 :

B has the largest value

A has the smallest

A is closer to 0

3:

Largest value is A

Smallest is B

A is closer

4:

B has the largest value

A is smallest

B is closer to 0

I really hope this helps!

25 POINTS FOR ANYONE THAT CAN HELP ME!! Rewrite 16r^2s^2 as a power of a product.

Answers

Answer:

256rs

Step-by-step explanation:

16r^2=256r

s^2=s

*256r)(s)=256rs

express the surface area A of a cube in terms of its volume V

Answers

The surface area of a cube of side-length a is S = 6a" (six sides each of area a”) and the volume is V = a*. Thus, a=v1/3, so S = 6V2/3.
S= 6a^2
V=a^3
Then a=v^1/3
So surface area=6(v)^2/3

EFGH is an isosceles trapezoid. If EG=3y+19 and FH=11y-21, find the value of y.

Answers

Answer:

y = 5

Step-by-step explanation:

The diagonals of the isosceles EFGH are equal. Therefore:

EG = FH

EG = 3y + 19

FH = 11y - 21

Thus:

3y + 19 = 11y - 21

Collect like terms

3y - 11y = -19 - 21

-8y = -40

Divide both sides by -8

y = 5

3r + 7 = -8 what does r =

Answers

Answer: R = -5

Step-by-step explanation: 3r + 7= -8 is turned into 3(-5) + 7= 8.                                             -15 + 7=8

Will mark brainliest!!! Solve for x and round to the nearest tenth

Answers

Hi...

Co's 15=x/33...

Cos 15=0.96...

X=31.68

(3 x 10^6) + (2.1 x 10^5) + (1.6 x 10^4) / (2 x 10^2)

Answers

3210080 should be your answer

ben sells greeting cards for $5 each in his online store. He also charges $1.99 for shipping. The total cost, y, of an order from Bens store is found using the equation y = 5x+ 1.99, where x is the number of cards bought. Which quantity represents the dependent variable in this problem situation?

Answers

Answer: How many greeting cards he sells

Step-by-step explanation:

The cards are 5 dollars each. 1.99 for shipping is all the same. The only thing that changes is the amount that he sells. So the amount of Greeting cards sold is the dependent variable.

20x 10 <= (less then or equal to) 90

Answers

Answer:

x(less than or equal to)5

Step-by-step explanation:

add 10 to both sides

20x-10(less than or equal to) 90

       +10                                  +10

20x (less than or equal to) 100

divide by 20 to isolate the variable

20x(less than or equal to) 100

/20                                       /20

x (less than or equal to) 5

Porphyrin is a pigment in blood protoplasm and other body fluids that is significant in body energy and storage. Let x be a random variable that represents the number of milligrams of porphyrin per deciliter of blood. In healthy circles, x is approximately normally distributed with mean µ = 43 and standard deviation σ = 15. Find the following probabilities. (Round your answers to four decimal places.)

a. x is less than 60
b. x is greater than 16
c. x is between 16 and 60
d. x is more than 60

Answers

Answer:

a) 0.8708 = 87.08% probability that x is less than 60

b) 0.9641 = 96.41% probability that x is greater than 16.

c) 0.8349 = 83.49% probability that x is between 16 and 60

d) 0.1292 = 12.92% probability that x is more than 60.

Step-by-step explanation:

When the distribution is normal, we use the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this question, we have that:

[tex]\mu = 43, \sigma = 15[/tex]

a. x is less than 60

This is the pvalue of Z when X = 60. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{60 - 43}{15}[/tex]

[tex]Z = 1.13[/tex]

[tex]Z = 1.13[/tex] has a pvalue of 0.8708

0.8708 = 87.08% probability that x is less than 60

b. x is greater than 16

This is 1 subtracted by the pvalue of Z when X = 16. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{16 - 43}{15}[/tex]

[tex]Z = -1.8[/tex]

[tex]Z = -1.8[/tex] has a pvalue of 0.0359

1 - 0.0359 = 0.9641

0.9641 = 96.41% probability that x is greater than 16.

c. x is between 16 and 60

This is the pvalue of Z when X = 60 subtracted by the pvalue of Z when X = 16. We found those in a and b, si:

0.8708 - 0.0359 = 0.8349

0.8349 = 83.49% probability that x is between 16 and 60

d. x is more than 60

This is 1 subtracted by the pvalue of Z when X = 60.

So

1 - 0.8708 = 0.1292

0.1292 = 12.92% probability that x is more than 60.

x + 7y < 14
– 2y < 10
х

Answers

Answer:

(3,0) is the answer.

Step-by-step explanation:

for first inequality,

3 + 7×0 ≤ 14

or, 3 ≤ 14

for second inequality,

3 - 2×0 ≤ 10

or, 3 ≤ 10

As you can see (3,0) satisfies both equations. so (3,0) is the answer.

immy said, “The ratio of boys to girls in my class is 3 to 4. For every 3 boys we have 4 girls.” If her class has 24 girls, how many boys are in her class? Show ALL work.

Answers

Answer:

18 boys

Step-by-step explanation:

24 divided by 4 gives you 6 girls so multiply the amount of boys (3) and you will get how many boys are in her class.

Answer:

18 boys

Step-by-step explanation:

The ratio is:

b/g = 3/4, where b- boys and g- girls

24 girls in the , then number of boys is:

b / 24 = 3/4b = 24*3/4b = 18
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