A $1,500 loan has an annual interest rate of 4 1/4% on the amount borrowed. How much time has elapsed if the interest is now $127.50?

Answers

Answer 1

Answer: $ $127.50=1,500(0.0425)*x$

$ $127.50 = 63.75 *x$

$x = (127.50)/(63.75)$

$x = 2$

2 years elapsed.

hope this helps!

Answer 2

Answer:

Answer:

2 years

Step-by-step explanation:

Given : A $1,500 loan has an annual interest rate of 4 1/4% on the amount borrowed.

To Find : How much time has elapsed if the interest is now $127.50?

Solution :

Formula of simple interest : principal *rate *time

Principal = $1,500

Rate (in decimals ) $4(1)/(4*100) =(17)/(4*100) =0.0425$

Time (in years)

Simple interest = $127.50

Putting values in formula

$127.50 = 1500*0.0425*time

127.50 = 63.75*time

$(127.50)/(63.75)$ = time

2 years = time

Thus time will be 2 years

Related Questions

Janine has job offer sat two companies. One company offers a starting salary of 28,000 with a raise of 3,000 each year. The other company offers a starting salary 36,000 with a raise of 2,000 each year A. After how many years would Janine's salary be the same with both companies B. what would the salary be ?Show work please
27 thousand 3 hundred 5 ones
Find the leg of each isosceles right triangle when the hypotenuse is given the measure 12 cm
Simplify: -3(4x - 5)12x -1512x + 15-12x + 15Simplify: -5x + 8 - 11x - 12-16x - 416x + 416x - 42(4x - 8) - 10 8x + 268x - 26-8x - 26
How do you solve the proportion: 11/5.9 = 15/x I learned this a while back I just forget how to do it. thx

Explain how you could mentally find 8 x 45 by using the distributive property

Answers

First, break up 45 into 40 and 5 then multipy 8(40) which equals 320 and multipy 8(5) which equals 40. Thrn add 320+40 to get the product 360.
Hope this helped

8x45
8(40)+8(5)
320+40
360

360 is the solution of the given mathematical expression.

To mentally find the product of 8 and 45 using the distributive property, you can break down one of the factors into smaller, more manageable parts.

First, decompose 45 into two parts, such as 40 and 5.

Now, you can distribute the factor of 8 to both parts:

8 x 40 + 8 x 5

Next, simplify each part individually:

8 x 40 = 320

8 x 5 = 40

Finally, add the results together:

320 + 40 = 360

So, mentally applying the distributive property, you can find that 8 multiplied by 45 equals 360.

Learn more about Mathematical operations here:

brainly.com/question/20628271

#SPJ6

Write 87/20 as a terminating decimal

Answers

When you actually go ahead and do the division indicated
by the fraction 87/20 , the quotient is the decimal equivalent
of the fraction.

87 divided by 20 = 4.35 .

You don't get to choose whether it's terminating or not.

Mt. Everest is 29,028 feet high. A mile is 5280 feet. How many Feet more than 5 miles high is mount Everest?

Answers

Answer:

2,628

Step-by-step explanation:

You should multiply 5,280 feet by 5 to find the amount of feet in 5 miles.

5,280(5)= 26,400

To find how many feet over 5 miles high Mt. Everest is subtract 26,400 from 29,028.

29,028- 26,400= 2,628

The cost y (in dollars) to rent a car is proportional to the number x of days that you rent the car. It costs $207 to rent the cars for 3 days. Write an equation that represents the situation.

Answers

207/3= x
Because if you divide 207, by three you get the daily cost of the rental car. From then on, you can easily find the cost of the rental car over any amount of time. I hope this helped!

Alice collected donations of $50, $125, $10, $210, $50, $24, and $175 for charity. What is the mean of her collections?

Answers

Add all the amount collected
$50+$125+$10+$210+$50+$24+$175=$644
then divide your answer by the number of people collected from
$644/7=$92

644 divided by 7 equals 92
and 644 is the total and 7 are the amounts of donation
so your answer is 92

A packet of candles and a box of matches cost ₦420. The candles cost 6 times as much as the matches. Find the cost of the matches.Please show the workings.
Thanks

Answers

Let's say
cost of packet of candles = a

cost of box of matches = b

Total cost = 420
a + b = 420

cost of candles = 6 times of cost of box of matches
a = 6 * b
a = 6b

a + b = 420
6b + b = 420
7b = 420
b = 60

so cost of matches = 60

x - price of candles
y - price of matches

x+y=420
x=6y

6y+y=420
7y=420
y=60

Matches cost ₦60.

Other Questions

What are all the factors of 12

Which is bigger 3.95, 3 5/6 ,3 4/5

1/4b + 4/3b + 7/12simplify and combine like terms

A girl is 6 years older than her brother than her brother. In 3 years she will be 2 years older than twice what his age will be then. What are their ages now?