Determine the monthly payment of a loan for $3,000 at 7.5% interest compounded monthly for 36 months.a.
$93.32
b.
$95.40
c.
$211.33
d.
$253.60

Answers

Answer 1
Answer:

Answer:

The monthly payment is $93.32 ⇒ answer a

Step-by-step explanation:

* Lets explain how to solve the problem

- The monthly payment is (P(r))/(1-(1+r)^(-n) )

  where:

# P is the loan amount

# r is the rate per period in decimal

# n is the number of periods

- The loan is $3000

- We need to find the monthly payment

P = $3000

- The compound monthly interest is 7.5% for 36 months

∵ The period is 12 (1 year = 12 months)

- Divide the rate as a decimal by 12

r=(7.5)/(100(12))=0.00625

r = 0.00625

n = 36

* Lets calculate the monthly payment using the rule above

∵ Monthly payment = ((3000)(0.00625))/(1-(1+0.00625)^(-36))=93.32

The monthly payment is $93.32

Answer 2
Answer:

Answer:

$93.32

Step-by-step explanation:


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Answers

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We are given with height= 9 ft. Length=10 ft. Wall Brackets: 48-inch cost $12.95 68-inch cost $16.95 Distance from brackets from ends= 1 foot maximum . What is the total cost of the brackets, before tax?

Answers

Answer:

$89.7

Step-by-step explanation:

We are given with

height = 9 feet

length = 10 feet

wall brackets:

48-in costing $12.95

60-in costing $16.95

distance of brackets from ends = 1 foot

maximum distance between brackets= 24 inches

The brackets are

48/12 = 4 feet

and

60/12 = 5 feet

One of each must be used to cover the height of the shelf

The length of the shelf is

60 inch

subtracting 1 in from each side for the allowance

60 - 2 = 58 in

Dividing by 24 inches

58/24 = 2.41 ~ 3 

The total cost is

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The total cost of the brackets is $89.7

A bag of 8 apples costs $1.50 at Sam's Orchard. a. At this same rate, how much would 18 apples cost? b. How many apples could you buy for $5.00? c. What is the unit cost per apple?

Answers

At Sams Orchard, 8 apples are $1.50. That means 18 apples would cost $3.00 and you could buy 33 apples for $5.00. The unit cost per apple is $0.18.

Final answer:

At Sam's Orchard, each apple costs $0.1875. Therefore, 18 apples would cost $3.375 and you could buy approximately 27 apples with $5.00.

Explanation:

To answer this question, we first need to identify the unit price for each apple. If 8 apples cost $1.50, that means each apple costs $1.50 / 8 = $0.1875.

Now, using these findings:

a. To find out the cost for 18 apples, you simply multiply the unit price by the number of apples: $0.1875 * 18 = $3.375. So, 18 apples would cost $3.375 at Sam's Orchard.

b. If you want to know how many apples you could get with $5.00, you should divide the total money you have by the unit cost per apple: $5.00 / $0.1875 ≈ 27. So, with $5.00, you could buy approximately 27 apples.

c.

The unit cost per apple at Sam's Orchard is

$0.1875

.

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Every 1/2 hour Naomi streches her neck; every 1/3 hours she stretches her legs; and every 1/6 hour she streches her arms. Which parts of her body will Naomi strech when2/3 of an hour has passed?A- neck and legs
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Answers

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What is the solution of the equation? 17=2/3n+3

Answers

First, you should add -3 on both sides of the equation so you will have:
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now you can multiply both sides by 3:
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I hope this is helpful
have a nice day 

Answer: n = 24  for the expression 17=2/3n+3

Step by step explanation:  

Step 1: simplify the equation

17 = 2/3n + 3  

Solve the right hand side of the equation          

17 - 3 = 2/3n        

14 = 2/3n  

Step 2: solve the remaining expression to get the value of n

14 * 3 n = 2

3n = 2/14

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N = 1/21

N= 21 (Since n is in the denominator)

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Answers

Answer:

Step-by-step explanation:

-16

Answer: -16

Step-by-step explanation:

-4 x -4 = -16

squaring is basically just multiplying the # by itself.