A career counselor decides to make monthly payments of $150 on credit card debt of $3,482.46 and discontinue using that credit card. Assuming the monthly interest rate is 1.55%, it will take the counselor approximately 30 months to repay the debt. How many fewer months would it take to repay the debt if the counselor makes monthly payments of $200? (Round your answer to the nearest month.)

Answers

Answer 1

The $150 monthly payment on the $3,482.46 credit card loan at 1.55% monthly interest rate gives the number of fewer months it would take to repay the loan if the monthly payment is $200 as 10 months

What is a monthly interest rate?

A monthly interest rate is obtained from an annual interest rate by dividing it by 12.

The monthly payment formula is presented as follows;

[tex] \displaystyle{M = \frac{P \cdot r \cdot (1 + r)^{n} }{ (1 + r)^{n} - 1}} [/tex]

Where;

M = The monthly payments = $150

P = The loan amount = $3,482.46

r = The monthly interest rate = 1.55% = 0.0155

n = The number of periods (monthly payments) = 30

When the monthly payment, M = $150, it takes the career councilor approximately 30 months for the debt to be repaid.

When the monthly payment, M = $200, we have;

[tex]\displaystyle{200 \approx \frac{3482.46 \times 0.0155 \times (1 + 0.0155)^{n} }{ (1 + 0.0155)^{n} - 1}} [/tex]

Which gives;

[tex] \displaystyle{200 \times ((1 + 0.0155)^{n} - 1)= 3482.76 \times 0.0155 \times (1 + 0.0155)^{n}} [/tex]

[tex] \displaystyle{200 \times (1.0155)^{n} - 200 = 53.98278 \times (1.0155)^{n}} [/tex]

[tex]\displaystyle{ 146.017 \times (1.0155)^{n} = 200 }[/tex]

n•ln(1.0155) ≈ ln(1.3697)

[tex] n = \frac{ln(1.3697)}{ln(1.0155)} \approx 20.45[/tex]

The number of months it will take to pay back the loan using a monthly payment of $200 is therefore approximately 20 months

The number of fewer months it takes to repay the loan is therefore;

(30 - 20) months = 10 months

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Related Questions

Find the length of the segment indicated round your answer to the nearest tenth if necessary

Answers

The length of the segment indicated to the nearest tenth are as follows:

x = 7x = 8

How to find the length of a segment?

The length of the segment can be found as follows:

Therefore, the segment indicated in question 5 is the radius of the circle.

The radius of a circle is the distance from the centre of the circle to any point on it's circumference.

The radius is half of diameter.

The radius from the second to one end of the circumference is given as 7. Therefore, the radius from the centre to another end of the circumference will be as follows:

x = 7

The second circle, the line from the centre bisect the chord into equal halves. Since the other half is 8, that means the second half will be as follows:

x = 8

Therefore, the length of the segment indicated are 7 and 8 respectively.

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help !!!!!!!!!!! please

Answers

Missing side length of the given measures of the triangle is equal to           x = 1/2 units (approximately).

As given,

Given measures of the triangle ABC are

Angle A=(18 +18)°

             =36°

Consider side opposite to ∠A=a ,∠B=b ,∠C=c

Given side length

AC=b

     =20

AB=c

    =12

BC=c

    =x+12

Using cosine law

cos A= (b²+c²-a²)/2bc

⇒cos36°= [20²+12²-(x+12)²]/2(20)(12)

⇒(1+√5)/4=(544-x²-24x-144)/480

⇒x²+24x-280+120√5=0

⇒x²+24x-11.7=0

Now, x = [-24±√24²-4(1)(-11.7)]/2(1)

           = (-24±24.955)/2

           ≈ (-24 ±25)/2

Hence, x = (-24+25) /2

               = 1/2

or x = -24.5 side length cannot be negative.

Therefore, Missing side length of the given measures of the triangle is equal to x = 1/2 units (approximately).

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Which graph Represents a function

Answers

The first graph from the right as shown in the reference image attached hereby alongside the question statement, represents a function.

As per the question statement, we are provided with 4 distinct graphs attached hereby alongside.

We are required to determine, which of the above-mentioned graphs represent a function.

To solve this question, we need to know about the characteristics of a function, which we can match against our provided graphs and identify our required function.

A function is an operator, and hence, there will be a fixed pattern or sequence among it's outputs, which we can only find in the first graph from the right as shown in the reference image, since it is a straight line parallel to the Y-axis at (x = 1).

Therefore, the first graph from the right as shown in the reference image attached hereby alongside the question statement, represents a function.

Function: In Mathematics, a function is an operator, which when provided with a certain input, performs a pre-determined set of operations on the input and then produces a fixed output.

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The function f(x) = 4x-6 is shown in the table below. Identify the domain and range of function f. Enter the numbers in order from least to greatest.
-5 -2 1
y -26 -14 -2
X
-26
domain:
range:
-14 -5
5
-14
-2
1 5

Answers

The domain and range of the function f(x) = 4x - 6 in order from least to greatest include the following:

Domain: -2, -6, 1, 5.Range: -26, -14, -2.

What is a range?

A range can be defined as the set of all real numbers that connects with the elements of a domain. This ultimately implies that, a range refers to the set of all possible output numerical values, which are shown on the y-axis of a graph.

What is a domain?

A domain can be defined as the set of all real numbers for which a particular function is defined. This ultimately implies that, a domain is the set of all possible input numerical values to a function and the domain of a graph comprises all the input numerical values which are shown on the x-axis.

In order from least to greatest, the range and domain of the given function f(x) = 4x - 6 are as follows:

Range: -26, -14, -2.Domain: -2, -6, 1, 5.

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Sarita bought eggs at rupees 8.40 at what price per 100must she sell them so as to earn a profit of 15 percent

Answers

Answer:

Cost per egg = 8.4/12 = 0.7

Cost per hundred egg =Rs70

Let selecting price per hundred be Rs.y

⇒ 70/y-70 ×100 = 15

⇒ 10y−700 = 105

⇒ y = 80.5Rs

distance in space is often written using a lightyear. A lightyear is the distance light travels in one year. It is equal to 6,000,000,000,000 miles. Write this measurement in scientific notation. PLS HELP ME ASAP!!!!!!!!!!!!!!!!!!!!!!!! >_

Answers

Answer:

Step-by-step explanation:

C

Tell whether x and y are proportional x: 4,6,12,16 y: 6,8,16,20

Answers

Check the picture below.



A scientist is experimenting on a newly discovered virus. The ideal
temperature for this new virus to thrive is 20°C. The temperature can
vary by 15°C and the virus can still survive.

Write an absolute value linear inequality that represents the
acceptable temperatures for this virus to survive. Use t as your
variable.

Answers

The required absolute value linear inequality is 15 ≤ t ≤ 20.

What is absolute value linear inequality?

A variable enclosed by the absolute value sign of an inequality is known as an absolute value inequality.

Given highest temperature as 20°C and lowest temperature as 15°C

Given variable is t.

From the first condition we get t ≤ 20  ...........(1)

From  the second condition we get 15 ≤ t  .....(2)

From the inequalities (1) and (2), we get

15 ≤ t ≤ 20

Therefore, the required absolute value linear inequality is 15 ≤ t ≤ 20.

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You bike 14 1/4
miles from your house to a state park. You travel 1/3
of that
distance in the woods. You bike along the bank of a stream for the last 1/2
of
the woods. On how many miles of your trip do you bike along the bank of
the stream?

Answers

By taking some products between fractions and mixed numbers, we will see that your trip along the bank has a length of (2 and 9/24) miles.

How many miles do you travel along the bank of the stream?

Here we know that the total distance of the travel is (14 + 1/4) miles.

In this case, we know that 1/3 of that distance is traveled in the woods, so the total distance traveled in the woods is given by the product:

D = (1/3)* (14 + 1/4) mi = (14/3 + 1/12) mi

Now we know that 1/2 of the distance traveled in the woods is traveled along the bank of a strem, then the distance that we are looking for is given by the product:

D' = (1/2)*(14/3 + 1/12) mi = (7/3 + 1/24)mi

Now we can simplify that mixed number as:

(7/3 + 1/24)mi = (6/3 + 1/3 + 1/24) mi = (2 + 8/24 + 1/24)mi = (2 + 9/24) mi

Your trip along the bank of the stream has a length of (2 + 9/24) miles.

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What is the expression after applying the distributive property?

−3.6(−2+(−7))

Enter your answer by filling in the boxes.

(-3.6) ( ) + ( ) ( )

Answers

The expression after applying the distributive property is: (-3.6)(-2) + (-3.6)(-7).

What is an expression?

An expression can be defined as a mathematical equation which is used to show the relationship existing between two or more variables and numerical quantities.

What is the distribution property?

The distributive property states that when the sum of two (2) or more addends are multiplied by a specific number, the same output would be produced as when each addend is multiplied respectively by the number, and the products are added together.

Mathematically, the distributive property of multiplication is given by this expression:

x(y + z) = xy + xz.

By applying the distributive property of multiplication to the given expression, we have the following expression:

-3.6(-2 + (-7)) = (-3.6)(-2) + (-3.6)(-7).

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Estimate 0.049127568 to the nearest hundredth. Express your answer as a single digit times a power of ten.

Please I need help

Answers

4.91 x 10^-2

move the decimal 2 places to the right and round to the nearest hundredth

24 in the ratio 1:2:3

Answers

Answer:

4:8:12

Step-by-step explanation:

To find the ratio of 24 in 1:2:3,

first add the ratios = 6 then divide each ratio as a fraction of the total

[tex] \frac{1}{6} \times 24 \\ = 4[/tex][tex] \frac{2}{6} \times 24 \\ = 8[/tex][tex] \frac{3}{6} \times 24 \\ = 12[/tex]

Therefore, 24 in ratio 1:2:3 is 4:8:12

What is the graph if the function rule y = x+2 ?

Answers

Answer: This is the graph

Estimate the area covered by the drum picture. Pls help thanks

Answers

Answer:

Step-by-step explanation:

Area = L times w ( length times width.)

Your lengthyot Length is 4 units and width is 4. so what is 4 times 4?

your right, its 16. Answer A is correct.

In the diagram below, the man on the diving board is 6 ft. tall and the angle of elevation from the man in the water (angle 4) to the man on the diving board is 40. How far apart are the two men? Round your answer to the nearest tenth.
A picture of a swimming pool with a lifeguard sitting on an elevated chair on the right side of the pool. There is a person on a diving board on the left side of the pool who is lower than the lifeguard. The lifeguard is looking down at the person on the diving board and there is a solid line showing his line of sight. A dotted line is drawn from the lifeguard’s eyes horizontally. The angle between these two lines is labeled 1.

Answers

The distance between the two men is 7.2 ft. That is, they are 7.2 ft apart

Calculating Distance

From the question, we are to determine the distance between the two men

Let the distance between the men be x

From the given information,

The man of the diving board is 6 ft tall

and

The angle of elevation from the man in the water to the man on the diving board is 40°

Considering the triangle formed, we can write that

Opposite = 6 ft

Adjacent = x

Angle = 40°

From SOH CAH TOA, we have that

tan (angle) = opposite / adjacent

∴ tan 40° = 6 / x

x = 6 / tan 40°

x ≈ 7.2 ft

Thus,

The men are 7.2 ft apart

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PLEASE HELP MATH QUESTION

Answers

Answer:

Proved below.

Step-by-step explanation:

Parallel lines and angles:

     Given: p // q and ∠1≅ ∠2

Proof:

        p //q, l is transversal,

            ∠3 ≅ ∠1   -----(I)    {Corresponding angles are congruent}

          ∠1 ≅ ∠2   ---------(II)    {Given}

From (II) & (I),

        ∠3 ≅ ∠2

∠3 and ∠2 are alternate interior angles. Alternate interior angles are congruent only if the lines are parallel.

⇒ l // m

PLEASE I NEED HELPNSMKSJSBW

Answers

Check the picture below.

[tex]\stackrel{\measuredangle U}{(3x-4)}~~ + ~~\stackrel{\measuredangle V}{(x+20)}~~ + ~~\stackrel{\measuredangle W}{(6x+6)}~~ = ~~180 \\\\\\ 10x+22=180\implies 10x=158\implies x=\cfrac{158}{10}\implies {\Large \begin{array}{llll} x=\cfrac{79}{5} \end{array}}[/tex]

What amount of pure acid must be added to 600 mL of a 50% acid solution to produce a 60% acid solution?

Answers

That indicates that in order to make a solution that is 60% acid, you will need to add a total of 300 milliliters of pure acid into the mixture.

This is further explained below.

What amount of pure acid must be added?

In general, pure acid refers to an acid concentration of 100%. It is feasible to formulate the following equation if you assume that X represents the volume addition of the pure acid:

[tex]Va=100 \%X + 600 * 40 \%[/tex]

[tex]Va= (600+X)60 \% (M_1V_1=M_1 V_2)[/tex]

100X + 24000 = 36000 + 60x

X = 300.

In conclusion, That implies in order to generate a solution that is 60% acid, you will need to add 300 milliliters of pure acid.

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How many extra flowers did they order?

Answers

Answer:

B

Step-by-step explanation:

To find the number of extra flowers ordered, we can start by forming an equation based on the total amount paid by the customer.

Let the number of extra flowers be n.

Total paid

= cost of standard arrangement +(number of extra flowers)(cost per additional flower)

= $25 +n($1.25)

Given that the customer paid $45,

25 +1.25n= 45

Now that we have formed the equation, let's solve for n.

Subtract both sides by 25:

1.25n= 45 -25

1.25n= 20

Divide both sides by 1.25:

n= 20 ÷1.25

n= 16

Leah has an account balance of -150 dollars. Which of the following represents a debt greater than -150 dollars? - 175 dollars - 150 dollars -125 dollars 0 dollars

Answers

Owing 175 dollars is more than owing 150 dollars.

Thereby, the correct answer is A) -175 dollars

Isabelle's family raises honey bees and sells the honey at the farmers' market. To get ready for market day, Isabelle fills 24 equal sized jars with honey. She brings a total of 16 cups of honey to sell at the farmers' market. Use an equation to find the amount of honey each jar holds. To write a fraction, use a slash ( / ) to separate the numerator and denominator. cups

Answers

Answer:

2/3

Step-by-step explanation:

The amount of honey each jar holds is 2/3 cups.

Fraction

The fraction is termed as a portion or section of any quantity. It is denoted by using ‘/’ symbol, such as a/b. For example, in 5/8 is a fraction where the upper part denotes the numerator and the lower part is the denominator.

Given that:-

Number of equal sized jars filled by Isabelle = 24 jars

Total amount of honey brought by Isabelle to the sell at the farmer's market = 16 cups

We have to find the amount of honey each jar holds.

From the data given in the question, we can write,

24 jars = 16 cups

Hence, using the equation, we can write the fraction,

1 jar = (16/24) cups

1 jar = 2/3 cups

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Add 0.74 and 0.19! How many tenths are in the sum?

Answers

Answer: 0.93

There are 9 tenths

Step-by-step explanation:

0.93. There are 9 tenths.

Which statements would prove the lines are parallel?

Answers

The  statements that would prove the lines are parallel are;

∠GHI ≅ ∠KJH

∠MJH + ∠NHJ = 180°

∠KJH + ∠IHJ = 180°

How to Identify Congruent Angles?

In congruency of angles formed in this type of scenario, we will make use of the following rules;

If two parallel lines are cut by a transversal, then, Alternate Interior Angles are congruent. If two parallel lines are cut by a transversal, then, Alternate Exterior Angles are congruent. If two parallel lines are cut by a transversal, then corresponding angles are congruent.

Using the above congruency rules and applying them to our question, we can say that for lines HN and KM to be parallel to each other, then;

∠GHI ≅ ∠KJH because they are corresponding angles

∠MJH + ∠NHJ = 180° because they are supplementary angles

∠KJH + ∠IHJ = 180° because they are supplementary angles

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Represent the following sentence as an algebraic expression, where "a number" is the letter x. You do not need to simplify. The product of 7 and the square of a number.

Answers

Answer:

[tex]7 * x^2[/tex]

What is the length of segment BC? (4 points) A coordinate plane is shown. Point B is located at negative 3, negative 2, and point C is located at 0, 2. The points are connected by a line segment. a 4 b 5 c 6 d 7

Answers

By means of vector sum and Pythagorean theorem, the line segment BC has a length of 5 units.

What is the length of the line segment?

We find a line segment whose endpoints are known and set on Cartesian plane, the length of the line segment must be found by means of vector sum and Pythagorean theorem. First, determine the vector associated to the line segment:

[tex]\overrightarrow {BC}[/tex] = C(x, y) - B(x, y) = (0, 2) - (- 3, - 2) = (3, 4)

Second, determine the magnitude of the vector derived in the previous step:

BC = √(3² + 4²)

BC = 5

The length of the line segment BC is equal to 5 units.

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need help y’all pls ‍♀️

Answers

In this Triangle, ΔUVW, UW is extended through point w to point x

∠ WUV = (3x - 4)°

∠ VWX = (6x + 6)°

∠ UVW = (x + 20)°,  

the value of x is 5

According to the question, given that

∠ WUV = (3x - 4)°

∠ VWX = (6x + 6)°

∠ UVW = (x + 20)°

because ∠ VWX = ∠ WUV + ∠ UVW

             ⇒  (6x + 6) = (3x - 4) + (x + 20)

             ⇒  (6x + 6) = 4x + 16

             ⇒ 2x = 10

             ⇒ x = 5

{The sum of triangle's interior angles is 100°}

{The sum of supplementary angles is 180°}

Therefore, In ΔUVW, UW is extended through point w to point x, then the value of x is 5.

The interior angles of a triangle always add up to 180° while the exterior angles of a triangle are equal to the sum of the two interior angles that are not adjacent to it. By deducting the angle of the target vertex from 180°, one can also determine a triangle's exterior angle.

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factorise the expression (a+b)^2=4

Answers

The factored expression of the expression given as (a + b)^2 = 4 is (a + b + 2)(a + b - 2) = 0

What are expressions?

Expressions are mathematical statements that are represented by variables, coefficients and operators

How to factor the expression?

The expression is given as

(a + b)^2 = 4

Express 4 as 2^2

So, we have

(a + b)^2 = 2^2

Rewrite as

(a + b)^2 - 2^2 = 0

Apply the difference of two squares

So, we have

(a + b + 2)(a + b - 2) = 0

Hence, the equivalent expression of the expression given as (a + b)^2 = 4 when it is factored is (a + b + 2)(a + b - 2) = 0

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The points A, B and C are 3 corners of a rectangle. What are the coordinates of D, the 4th corner?
PLEASE HELP URGENTLY WILL MSRK BRAINLIEST! :D ​

Answers

Answer:

(5,7)

Step-by-step explanation:

Answer:

(5,7)

Step-by-step explanation:

Abscissa of D will be the abscissa of A. A(5,9)

Abscissa of D = 5

Ordinate of D will the ordinate of C. C(8,7).

Ordinate of D = 7

So, D(5,7)

Which of the following statements must be true based on the diagram below? Select all that apply. (Diagram is not to scale.)

A. LN is a segment bisector
B. LN is an angle bisector
C. L is the vertex of a pair of congruent angles in the diagram
D. N is the vertex of a pair of congruent angles in the diagram
E. L is the vertex of a right angle
F. N is the vertex of a right angle

Answers

Answer: A

Step-by-step explanation:

A. True by the definition of a bisector.

B. False, this is an assumption based on appearances.

C. False, this is an assumption based on B.

D. False, this is an assumption that LN and JK are perpendicular.

E. False, assumption based on appeareances

F. False, assumption based on D.

You bring 1.5 dozen bagels to school.
A dozen bagels cost $5.98.
You used a coupon that took $1.00 off the total.

How much did you pay for the bagels?

Answers

Answer: You would pay $7.97 for the bagels.

Step-by-step explanation:

(Price per Dozen * Amount) - Coupon = Price of Bagels

(5.98 * 1.5) - 1 = Price of Bagels

8.97 - 1 = Price of Bagels

Price of Bagels = $7.97

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