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%

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Related Questions

Rewrite in simpliest terms-

−0.2(3p−0.9)+0.4(−0.9p−5)

Answers

Answer:

-0.96p - 1.82

Step-by-step explanation:

Simplify the following expression: -4(k - 7)

Answers

Answer:

-4k+28

Step-by-step explanation:

Answer:

-4k+28

Step-by-step explanation:

multiply -4k inside the parentheses

-4k x k

-4 x 7

= -4k+28

write a word problem for 8x - 5 = 40

Answers

Answer:

Bob only has 40 dollars but he wants to buy a membership at the gym. It cost 8 dollars per month to receive a gym card. Bob went to the Gym in person so they gave him a 5 dollar off coupon. How many months can Bob buy?

Step-by-step explanation:

Answer:

eight and a variable subtracted by five equals forty

Step-by-step explanation:

A bakery is making apple pies and carrot cakes. Each
apple pie nets $5 profit. For each carrot cake, they
make $10 profit. Each pie take 4 hours to prepare and
1.5 hours to bake. The carrot cakes take 0.5 hours to
prepare and 0.5 hours to bake. The maximum
preparation time is 20 hours. The maximum baking
time is 10 hours. How many pies and cakes should be
made to maximize profits?

Answers

Answer:

8 thats how many pies and cakes you can do

Step-by-step explanation:

you have 20 minutes and 10 and the most cakes you can get with left over is 8

The pies and cakes should be made to maximize profits is 8 pies.

What is profit?

Profit is defined as the sum of revenue and income after all costs have been deducted by a business. A function with a business-oriented focus is called a profit function. The main goal of a business is to generate income through the sale of goods and services, minus the costs associated with producing those goods and services, in order to turn a profit.

Revenue minus costs equals profit.

Costs comprise both variable costs and fixed costs, whereas revenue is the total amount of positive cash flow that a business generates.

The maximum number of cakes you can get with leftovers in 20 minutes and 10 is 8.

Thus, the pies and cakes should be made to maximize profits is 8 pies.

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if a dinosaur has a mass of 55g, what is his density

Answers

Answer:

32ounces I think

Step-by-step explanation:

The measurement of the complement of an angle is 40° more than the angle. What is the supplement for the angle?

Answers

The measure of the supplement is 140
I think it’s 140 correct me if I’m wrong

Solve the inequality​

Answers

Answer:

x<2

Step-by-step explanation:

5x+10>14x-8

18>9x

2>x

x < 2 hope that helps

Does anyone know the answer to this question

Answers

The answer is B.16! all you have to do is take 1.19 and multiply it by 16 to get under 20 (16•1.19=19.04):)

what is the slope of the line shown in graph
A. -2
B. -1
C. 1/-2
D. 1/2​

Answers

Answer:

-1/2

Step-by-step explanation:

using rise over run its 1/-2 which is just -1/2

Does this graph represent a function? Why or why not?

Answers

No because I ain’t no simp!!

Felicia has a stack of 10 cards. Each card is labeled with a number in the range 1 through 10 and no two cards have the same number. She picks three cards at random from the stack and adds the numbers on the three cards. What is the expected value of the sum

Answers

Answer:

The expected value of the sum of three numbers chosen out of 10 numbers will be 16.5.

Step-by-step explanation:

Felicia has a stack of 10 cards with number 1,2,3,4,5,6,7,8,9,10

Selecting 3 cards out of 10

10C3 = 120

Now she picks three cards to look at their numbers and sum it up

The possible three numbers are

(1 2 3), (1 3 2), (2 1 3) ,(2 3 1), (3 1 2), (3 2 1) ,(1 2 4), (1 4 2), (2 1 4), (2 4 1),

(4 1 2)│(4 2 1), (1 2 5), (1 5 2)│(2 1 5), (2 5 1) ,(5 1 2), (5 2 1), (1 2 6), (1 6 2), (2 1 6), (2 6 1), (6 1 2) ,(6 2 1) ,(1 2 7), (1 7 2) ,(2 1 7), (2 7 1), (7 1 2), (7 2 1), (1 2 8), (1 8 2), (2 1 8) ,(2 8 1), (8 1 2) ,(8 2 1), (1 2 9), (1 9 2), (2 1 9), (2 9 1), (9 1 2), (9 2 1),

(1 2... …, (6 10 8), (8 6 10), (8 10 6), (10 6 8), (10 8 6), (6 9 10), (6 10 9), (9 6 10),

(9 10 6), (10 6 9), (10 9 6), (7 8 9), (7 9 8), (8 7 9), (8 9 7), (9 7 8), (9 8 7), (7 8 10),

(7 10 8), (8 7 10), (8 10 7), (10 7 8), (10 8 7), (7 9 10), (7 10 9), (9 7 10), (9 10 7),

(10 7 9), (10 9 7) , (8 9 10), (8 10 9), (9 8 10), (9 10 8), (10 8 9), (10 9 8)

Now we sum it all up so minimum sum can be 1+2+3 = 6 andthe maximum can be 8+9+10 = 27

Let S denote the sum of the three numbers that are chosen and P(S=k) denotes its probability

P(S=6)=1/120  

P(S=7)=1/120

P(S=8)=1/60

P(S=9)=1/40

P(S=10)=1/30

P(S=11)=1/24

P(S=12)=7/120

P(S=13)=1/15

P(S=14)=3/40

P(S=15)=1/12

P(S=16)=1/12

P(S=17)=1/12

P(S=18)=1/12

P(S=19)=3/40

P(S=20)=1/15

P(S=21)=7/120

P(S=22)=1/24

P(S=23)=1/30

P(S=24)=1/40

P(S=25)=1/60

P(S=26)=1/120

P(S=27)=1/120

Now adding all the sum in order to get the expected value

∑(K=6 to 27) k*P(S=k) = 33/2 = 16.5

Therefore the expected value of the sum is 16.5.

A boy weighs x pounds. His younger sister weighs 53 pounds less than him. His father weighs four times as much as his sister. A simplified expression that represents the fathers weight (in pounds) is (blank -blank)

Answers

Answer:

4x-53

Step-by-step explanation:

Boy=x

sis = x-53

father = 4x-53

6. Slope =
Y-Intercept
Equation in slope-intercept form:

Answers

Slope = 0.5x
Y intercept = 1
Equation: 0.5x +1
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