5. Devon is considering taking out a 7,000 loan. He went to two banks, Stevenson Trust Company offered him an 8-year loan with an interest rate of 8.6%First National Bank offered him a 5-year loan with an interest of 10%Which loan will have the lower interest over its lifetime ?

Answers

Answer 1

The loan from National bank will have lower interest over its lifetime.

Interest is the additional payment made by a borrower or deposit-taking financial institution to a lender or depositor at a predetermined rate over and above the principal sum (the amount borrowed).

Interest differs from any fees the borrower may be required to pay to the lender or another party.Interest contrasts from a dividend, which is cash distributed to shareholders (owners) by a corporation from its profit or reserve, but not at a predefined rate or proportionally; rather, it is a portion of the reward gained by risk-taking businessmen when revenue is made that surpasses all expenditures.

The principal or the amount to be taken loan is $7000.

Let us consider each bank and find the interest to be owed from the loan.

Stevension trust :

Rate = 8.6% = 0.086

time = 8 years

Interest = principal × time × rate = 7000 × 8 × 0.086 = $ 4816

First national bank :

Rate = 10% = 0.1

Time = 5 years

Interest = 7000 × 5 × 0.1 = $3500

Hence the loan from national bank will have lower interest over its lifetime.

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Related Questions

Order these numbers from least to greatest
6.3071, 6.7 6.408, 6.47

Answers

Answer:

6.3071, 6.408, 6.47, 6.7

Step-by-step explanation:

6.3071, 6.408, 6.47, 6.7, hope this helped!

Answer:

In bold below.

Step-by-step explanation:

6.3071, 6.7 6.408, 6.47

= 6.3071, 6.408, 6.47, 6.7

left on together, the cold and hot water faucets of a certain bathtub take 8 minutes to fill the tub. If it takes the hot water faucet 18 minutes to fill the tub by itself how long will it take the cold water faucet to fill the tub on its own

Answers

The time taken to fill the bathtub by cold water is 14.4 minutes.

Given,

Time taken to fill a bathtub by both cold and hot water = 8 minutes

Time taken to fill the bathtub by hot water = 18 minutes

Time taken to fill the bathtub by cold water = t minutes

We have to find t.

We can take the full bath tub as 1.

Now,

We can equate the given data:

We get,

(8/18) + (8/t) = 1

Now, solve the equation:

((8 × t) + (8 × 18) ) ÷ (18 × t) = 1

(8t + 144) ÷ 18t = 1

8t + 144 = 18t

18t - 8t = 144

10t = 144

t = 144/10

t = 14.4

That is,

The time taken to fill the bathtub by cold water is 14.4 minutes.

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How can you transform the equation 8x - 10 + 10 + 4x = -10 + 6x + 6x + 10 into the form of a = a, where a is a number, to show that the equation has an infinite number of solutions? Select all that apply.

A. by adding 12x to both sides of the equation and then simplifying

B. by subtracting 8x to both sides of the equation and then simplifying

C. by subtracting 12x from both sides of the equation then simplifying

D. by subtracting 20 from both sides of the equation then simplifying

E. by dividing 6x from both sides of the equation and then simplifying

Answers

Step-by-step explanation:

Simplifying

8x + -10 + 10 + 4x = -10 + 6x + 6x + 10

Reorder the terms:

-10 + 10 + 8x + 4x = -10 + 6x + 6x + 10

Combine like terms: -10 + 10 = 0

0 + 8x + 4x = -10 + 6x + 6x + 10

8x + 4x = -10 + 6x + 6x + 10

Combine like terms: 8x + 4x = 12x

12x = -10 + 6x + 6x + 10

Reorder the terms:

12x = -10 + 10 + 6x + 6x

Combine like terms: -10 + 10 = 0

12x = 0 + 6x + 6x

12x = 6x + 6x

Combine like terms: 6x + 6x = 12x

12x = 12x

Add '-12x' to each side of the equation.

12x + -12x = 12x + -12x

Combine like terms: 12x + -12x = 0

0 = 12x + -12x

Combine like terms: 12x + -12x = 0

0 = 0

Solving

0 = 0

Couldn't find a variable to solve for.

This equation is an identity, all real numbers are solutions.

Simplifying

8x + -10 + 10 + 4x = -10 + 6x + 6x + 10

Reorder the terms:

-10 + 10 + 8x + 4x = -10 + 6x + 6x + 10

Combine like terms: -10 + 10 = 0

0 + 8x + 4x = -10 + 6x + 6x + 10

8x + 4x = -10 + 6x + 6x + 10

Combine like terms: 8x + 4x = 12x

12x = -10 + 6x + 6x + 10

Reorder the terms:

12x = -10 + 10 + 6x + 6x

Combine like terms: -10 + 10 = 0

12x = 0 + 6x + 6x

12x = 6x + 6x

Combine like terms: 6x + 6x = 12x

12x = 12x

Add '-12x' to each side of the equation.

12x + -12x = 12x + -12x

Combine like terms: 12x + -12x = 0

0 = 12x + -12x

Combine like terms: 12x + -12x = 0

0 = 0

Solving

0 = 0

Couldn't find a variable to solve for.

This equation is an identity, all real numbers are solutions.

The skeletal system is not responsible for which of the following?
Answer now

Answers

D) moving red blood cells around the body

D. moving red blood cells around the body

Reynado ordered 12 large pepperoni pizzas. The total cost was $101.40. Write a direct variation function for the cost of one large pepperoni pizza. How much would 5 large pepperoni pizzas cost?

Answers

Answer:

(1) y = 8.45x

(2) Total cost: $42.25

Step-by-step explanation:

Let's see by constructing a first-hand example of the information we have.

$101.40 = 12x

Divide 12 on both sides.

When we divide 12 from both sides, we get the simplified answer of:

x = 8.45

This means that each pizza will be $8.45 each, therefore this will be out=r equation

y = 8.45x

(where x is the number of pizzas and y is the total amount cost.

To find the cost of 5large pepperoni pizzas, we use our equation above (y = 8.45x) and input a 5 in x;

y = 8.45(5)

y = 42.25

The total cost for the 5 pizzas will be $42.25.

PLS HELP MEEEEEEEEEEEEEEEEEEEEE PLS I BEG U
how could you use a graph of a proportional relationship to find any ratio in the the proportional relationship why does this work?

Answers

A graph of a proportional relationship can be used to find any ratio in the proportional relationship when the graph passes through the origin.

How to illustrate the information?

A connection is proportional if its graph is a line that goes through the origin. The ratio is not proportionate if it is not a line or ray that doesn't accomplish this. K = y/x is the equation for the proportionality constant. The equation for the slope of a straight line with respect to the origin is the same as this.

A relationship is proportionate if its graph is a line or ray that passes through the origin. It is not proportionate if the line or ray does not go through the origin. Additionally, something is not proportionate if it is not linear.

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A traditional individual retirement account (IRA) is a special type of retirement account in which the money you invest is exempt from income taxes until you withdraw it. If you deposit $100
each month into an IRA earning 6% interest, how much will you have in the account after 20 years?

Answers

[tex]~~~~~~~~~~~~\stackrel{\textit{payments at the end of the period}}{\textit{Future Value of an ordinary annuity}} \\\\ A=pmt\left[ \cfrac{\left( 1+\frac{r}{n} \right)^{nt}-1}{\frac{r}{n}} \right] \\\\\\ ~~~~~~ \begin{cases} A=\textit{accumulated amount}\\ pmt=\textit{periodic payments}\dotfill &100\\ r=rate\to 6\%\to \frac{6}{100}\dotfill &0.06\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{each months, thus twelve} \end{array}\dotfill &12\\ t=years\dotfill &20 \end{cases}[/tex]

[tex]A=100 \left[ \cfrac{\left( 1+\frac{0.06}{12} \right)^{12 \cdot 20}-1}{\frac{0.06}{12}} \right] \\\\\\ A=100 \left[ \cfrac{\left( 1.005 \right)^{240}-1}{0.005} \right]\implies A \approx 46204.09[/tex]

The following table shows the profit rates for Nike and Adidas

Nike -2 (x - 2)
Adidas -17 + x


If x represents the number of shoes purchased, how many shoes have to be purchased until both companies earn the same amount? Create and solve the equation.

Answers

The number of shoes that have to be purchased until both companies earn the same amount is 21.

How to calculate the number of shoes?

Based on the information, the profit rates for Nike and Adidas are illustrated as:

Nike -2 (x - 2)

Adidas -17 + x

In this case, x represents the number of shoes purchased,

The number of shoes that have to be purchased until both companies earn the same amount will. be:

2(x - 2) = 17 + x.

2x - 4 = 17 + x

2x - x = 17 + 4

x = 21

The number of shoes will be 21.

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Kendra spent $22 on 11 song downloads. How much did each song cost?

Answers

Each song cost 2 dollars

Answer:

$2

Step-by-step explanation:

To find the unit cost, divide the entire price of all the songs (22), by how many songs you bought (11)

22 Dollars / 11 Songs   =    2 Dollars / Song   (2 Dollars per Song)

I sent pic for help.

Answers

Answer:Explanation:

• T

,

• 0.320

The player's on-base percentage = 0.320

This is equally the relative frequency of the player being on base.

Thus, the appropriate method is the relative frequency method.

Thus, the probability that the player will get on base in his next appearance is 0.320.

9h - 27 What is the greatest common?factor Expand the expression

Answers

Given

9h-27

Answer

[tex]\begin{gathered} 9h-27 \\ 9(h-3) \\ \end{gathered}[/tex]

Greatest common factor = 9

Given f(x) = 3(4-x), what is the value of f( − 2)? Enter your answer in the answer box.​

Answers

Answer:

f(-2) = 18

Step-by-step explanation:

In order to calculate a function of x, we replace x
For example
f(x) = x
f(-2) = -2

In this specific scenario

f(x) = 3 * (4 - x)
f(-2) = 3 * (4 - -2)

- -2 turns positive
f(-2) = 3 * (4 + 2)

Now we use PAMDAS (parentheses, exponents, multiplication, division, addition) as an operation order, so we first solve the parantheses
f(-2) = 3 * 6

f(-2) = 18

I need help with this question.

Answers

Given:

There is a graph given in the question

Required:

We want to find the solution of the given graph

Explanation:

As we can see that, both lines are parallel so there is no chance for intersection

now if there is no intersection point means there is no solution

Final answer:

No solution

hi, please help!!!!!!!!!!!!!!!!!!!!!!!!!​

Answers

Answer:

2/17, 8/17, and 11/17
7/21, 7/18, 7/14, 7/12, and 7/8
2/12, 2/10, 2/8, 2/6, and 2/4.

Step-by-step explanation:

the order would be 2/17, 8/17, and 11/17 since the bottom number (denominator) stays the same while the numerator (top number) increases.

the order for the 2nd one would be:
7/21, 7/18, 7/14, 7/12, and 7/8. The reason for this is that when the numerator stays the same and the denominator increases, the value of the fraction decreases. For example, 1/2 is greater than 1/4, and 1/4 is more than 1/5 because 5 is greater than 4. This only works when the numerator (top number) stays the same.
The order for the 3rd one would be:
2/12, 2/10, 2/8, 2/6, and 2/4. Again, the numerator stays the same while the denominator changes. As the denominator goes down, the value of the fraction goes up.
Also if possible label your question the correct difficulty this is like middle school not college


1) A gallon jug of milk is 3/4 full. After breakfast the jug is 1/12 full. How much milk did your family have at breakfast?

Answers

well, your family really ate "x" for breakfast, was pretty good with cereal and strawberries btw.

let's keep in mind that the LCD of the denominators 4 and 12 is "12", so we'll use that to do away with the denominators.

[tex]\stackrel{\textit{before breakfast}}{\cfrac{3}{4}}~~ - ~~\stackrel{for~breakfast}{x}~~ = ~~\stackrel{leftover}{\cfrac{1}{12}} \\\\\\ \stackrel{\textit{multiplying both sides by }\stackrel{LCD}{12}}{12\left( \cfrac{3}{4}-x \right)~~ = ~~12\left( \cfrac{1}{12} \right)}\implies 9-12x=1 \\\\\\ 9=12x+1\implies 8=12x\implies \cfrac{8}{12}=x\implies {\Large \begin{array}{llll} \cfrac{2}{3}=x \end{array}}[/tex]

i need help please plaeswwosadcwefcuwn

Answers

The true statement  is that both √15 and √0.001 are irrational , the correct option is (c).

Rational Numbers can be defined as the  numbers that can be expressed in the form of p/q , where p and q are integers and q not equal to 0 .

For Example : 2/3 , 2, 8/3 are all Rational Numbers.

Irrational Numbers can be defined as the  numbers that cannot be expressed in the form of p/q where , p and q are integers and q not equal to 0 .

For Example : √2 , √37 are irrational as they cannot be expressed in the form of p/q.

In the question ,

two numbers √15 and √0.001 are given .

the first number √15 is not a perfect square , hence not an integer ,

So, √15 is an irrational number .

the second number

√0.001 = √(1/1000) = 1/√1000 = [tex]\frac{1}{10\sqrt{10} }[/tex]

we see that √10 is not an integer , hence √0.001 is an irrational number .

Therefore , the true statement  is that both √15 and √0.001 are irrational , the correct option is (c).

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Given the equation below, find the x and y−intercepts by completing the table.What is the problem with using these intercepts to graph the equation in #7?The ordered pair (x, y) you found in #7 is called the

Answers

[tex]-4x+2y=0[/tex]

In order to find the x-intercept we need to make y=0

[tex]-4x+2(0)=0[/tex]

Then we isolate the x

[tex]-4x=0[/tex][tex]x=0[/tex]

x y Ordered Pair type of intercept

0 0 (0,0) x-intercept

Now for the y-intercept we need to make x=0

[tex]-4(0)+2y=0[/tex]

we isolate the y

[tex]2y=0[/tex]

[tex]y=0[/tex]

0 0 (0,0) y-intercept

ANSWER

0 0 (0,0) x-intercept

pelase slove these two problem i will give out those crown thingy!

Answers

Answer: $2.75

Step-by-step explanation:

2) Judy spent 3*5.25 = 15.75 on popcorn bags, 13.60 on a jumbo bag of chips and 7.90 for a dip. This means that overall she spent $37.25. If she had $40, this means that she have left $40 - $37.25 = $2.75.

1) Your answer is right.

Given the diagram below as shown, find the value of x, y, and m

Answers

The unknown variables and angles are as follows:

x = 10y = -5m∠YTE = 36°

How to find angles?

The sum of angles on a straight line is 180 degrees.

Therefore, the sum of angles on line STA is 180 degrees.

CT bisect STE

Angle STE Is a right angle.

Therefore,

5x + y + 3 + 3x + 12 = 90

5x + 3x + y + 12 + 3 = 90

8x + y + 15 = 90

8x + y = 90 - 15

8x + y = 75

Ty bisect ETA

Angle ETA Is a right angle.

Therefore,

y + 41 + 5x + 4 = 90

5x + y + 45 = 90

5x + y = 90 - 45

5x + y = 45

Combine the equation

8x + y = 75

5x + y = 45

subtract equation(ii) from equation(i)

3x = 30

x = 30 / 3

x = 10

y = 75 - 80

y = -5

Therefore,

m∠YTE = y + 41 = -5 + 41 = 36°

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he formula in cell C2 is =A$2. Autofill is used by dragging C2's autofill box across to D2, E2, and F2. What formulas will appear in D2, E2, and F2, respectively?


B$2, C$2, D$2


B$2, B$3, B$4


A$2, A$3, A$4


C$3, C$4, C$5

Answers

The formulas that will appear in D2, E2, and F2, respectively are

B$2, C$2, D$2. Option A

This is further explained below.

What is a formula?

Generally, A mathematical formula or a chemical formula, for example, are both examples of formulas, which are condensed ways of expressing information via the use of symbols.

When used informally within the realm of science, the word "formula" refers to the overall construction of a connection between a set of determinable variables.

Because of the formula =A$2, row 2 is considered to be anchored.

At this point, D2 is located to the right of C2, but still in the same row.

And the cell that is direct to the right of A2 is labeled B2.

As a result, the formula for D2 will equal B times 2.

In the same manner, the formula in E2 will be C$2, and the formula in F2 will be D$2.

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Please help na po need na po talaga, please correct answers po brainliest

Directions: Draw a Venn diagram and list the elements of each given set. Input your answer inside each box. Enclose your answer with braces and do not put a space in between characters or numbers. Refer to the sample item below.

Sample Given: A ∩ B
Sample Answer: {2,3}

Let A= {1, 2, 3, 4, 5} B = {2, 3, 5, 7, 11}, C= {3, 5, 7, 9}

1.) A ∪ B ∪ C =
3.) (A – B) ∩ C =
5.) A' ∪ B =

Answers

The set A ∪ B ∪ C will be {1, 2, 3, 4, 5, 7, 9, 11},  (A – B) ∩ C is ∅, and A' ∪ B is {2, 3, 5, 7, 9, 11}.

What is the Venn diagram?

It is defined as a diagram that shows a logical relation between sets.

The Venn diagram consists of circles to show the logical relation.

The universal set will be:

U = {1, 2, 3, 4, 5, 7, 9, 11}

Let:

A = {1, 2, 3, 4, 5}

B = {2, 3, 5, 7, 11},

C= {3, 5, 7, 9}

1) A ∪ B ∪ C = {1, 2, 3, 4, 5, 7, 9, 11}

3) (A – B) ∩ C = {1, 4} ∩ C= {3, 5, 7, 9}

(A – B) ∩ C = ∅

5) A' ∪ B = {7, 9, 11} ∪ {2, 3, 5, 7, 11}

A' ∪ B = {2, 3, 5, 7, 9, 11}

Thus, the set A ∪ B ∪ C will be {1, 2, 3, 4, 5, 7, 9, 11},  (A – B) ∩ C is ∅, and A' ∪ B is {2, 3, 5, 7, 9, 11}.

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Jenny ended a hike at an elevation of 3, 000 feet above sea level.
She had started at an elevation of 2, 000 feet above sea level.
Which integer represents Jenny's change in elevation?

Answers

-1000 represents Jenny's change in elevation.

What is an integer?

Zero, a positive natural number, or a negative integer denoted by a minus sign are all examples of integers. The inverse additives of the corresponding positive numbers are the negative numbers. The boldface Z is a common mathematical symbol for the set of integers. A number that contains both positive and negative integers, including zero, is called an integer. There are no fractional or decimal parts in it. Integers include things like -5, 0, 1, 5, 8, 97, and 3,043.

Given Data

Jenny ended a hike at an elevation of 3, 000 feet above sea level.

She had started at an elevation of 2, 000 feet above sea level.

Hike remaining = 3000 - 2000

Hike remaining = 1000

-1000 represents Jenny's change in elevation.

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Point A is 3 units to the right of, and 20 units lower than, point B. Find the
slope of the line connecting points A and B.
O 20
3
O 20
3
O
-17
3
20

Answers

Answer:

02987329619

Step-by-step explanation:

02987329619

Answer:

kk

Step-by-step explanation:

if a person invests $120 at 8% annual interest, find the approximate value of the investment at the end of 5 years

Answers

Answer:

$48

Step-by-step explanation:

Simple interest (I) = PRT/100

Where P = principal

R= rate

T = time

.: Simple Interest = 120 × 8 × 5

---------------

100

S. I = $48

.: the approximate value of the investment at the end of 5 years will be = $48

HELPPPP PLEASEEE!!!
(MATH AND CHEMISTRY RELATED)

Answers

a) 720000 cm^3
b) 0.72 m^3
c) 1728 kg

Divide the steps into three manageable parts. Calculate the volume of each part and add them together. Convert units into m^3. Finally, multiply by the given density to find the steps' weight.

See details:

The table shows negative integers to represent the lowest elevations below sea level on each of the 7 continents.
Which continent has a lower elevation than North America?

Answers

The continents that have a lower elevation than North America are Africa and Asia.

What is elevation?

It should be noted that elevation simply had to do with the height above sea level of a particular thing. Any of numerous huge landmasses is referred to as a continent. Up to seven geographical regions are usually regarded as continents, based on convention rather than precise requirements.

A continent is one of the seven major land divisions on Earth. Asia, Africa, North America, South America, Antarctica, Europe, and Australia are the continents, in order of size.

In this case, the table shows negative integers to represent the lowest elevations below sea level on each of the 7 continents.

In the table, Africa has -512 and Asia had -1312. It should be noted that these are lower than in North America.

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Where does the line through (1, 0, 1) and (4, −4, 4) intersect the plane x + y + z = 6?

Answers

The line through (1, 0, 1) and (4, −4, 4) intersect the plane x + y + z = 6 at point (7,-8,7).

As given,

Equation of the line passes through two points (1, 0, 1) and (4, −4, 4) is:

[tex]\frac{x-4}{4-1}=\frac{y+4}{-4-0}=\frac{z-4}{4-1}[/tex]

From the above equation we have

(x-4)/3 =(y+4)/-4

⇒-4x+16= 3y+12

⇒y=(-4x +4)/3  __(1)

And

(x-4)/3=(z-4)/3

⇒z=x __(2)

Substitute the value of y and z in the plane x +y+ z=6 to get point of intersection of line and plane

x+ [(-4x +4)/3] +x=6

⇒3x-4x+4 +3x =18

⇒2x=14

⇒x=7

Substitute value of x in (1) and (2)

y=-8 and z=7

Therefore, the line through (1, 0, 1) and (4, −4, 4) intersect the plane x + y + z = 6 at point (7,-8,7).

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Find the axis of symmetry using the formula. X = -b/2a

Answers

Answer:

x = 2

Explanation:

f(x) = -2x² + 8x - 9

Comparing this function with f(x) = ax² + bx + c

a = -2, b = 8, c = -9

The axis of symmetry is given by the formula:

x = -b/2a

Substitute a = -2 and b = 8 into the formula:

[tex]\begin{gathered} x=\frac{-8}{2(-2)} \\ \\ x=\frac{-8}{-4} \\ \\ x=2 \end{gathered}[/tex]

x = 2


Find the average of
8,11,14,13,14, 9,15

Answers

Answer:

12

Step-by-step explanation:

(8+11+14+13+14+9+15)/7 = 12

Answer:

Median

Total obs. = 7

if odd —

Average = (n + 1 )/2

n = no. of obs.

Average = 7 + 1 /2

= 8/2 = 4th obs.

=> 13

Mean

= Sum of obs./ Total obs.

= 8,11,14,13,14,9,15/7

= 84/7

=> 12

question is in box and you don’t need to show work if you don’t want to

Answers

ANSWER:

8 square meters

STEP-BY-STEP EXPLANATION:

To calculate the area of the sector, we must first calculate the area of the entire circle and then by means of a proportion, knowing that the entire area is 360° and the sector is 45°, we could determine the area we need.

Just like this:

[tex]\begin{gathered} A_c=\pi\cdot r^2 \\ \\ \text{ We replacing:} \\ \\ A_c=\pi\cdot8^2=64\pi \\ \\ \text{ Therefore, we calculate the value of the area of the sector as follows:} \\ \\ A_s=64\pi\cdot\frac{45\degree}{360\degree} \\ \\ A_s=8\pi\text{ square meter} \end{gathered}[/tex]

The area of the sector is 8 square meters

Other Questions
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