A certain bank offers a car loan with a fixed annual interest rate. Justine applied for the loan and used the entire amount to buy a car worth $43,000. He had to pay the bank for five years for a total amount of $51,600. How much would be the yearly interest if Justine borrowed $50,000 instead? *

0 points

Answers

Answer 1

Answer: $10000

Step-by-step explanation:

From the question,

Principal = $43000

Time = 5 years

Rate = Unknown

Simple Interest = $51,600 - $43000 = $8600

We need to calculate the rate of interest which will be:

Interest = PRT/100

8600 = (43000 × 5 × Rate) / 100

Cross multiply

8600 × 100 = 215000 × Rate

Rate = 860000 / 215000

Rate = 4%

Assuming Justine borrowed $50,000 instead, the yearly Interest will be:

= (50000 × 5 × 4%)

= 50000 × 5 × 0.04

= $10000


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Answer:

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Step-by-step explanation:

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In which number does the digit 2 have a value that is ten times as great as the value of the digit 2 in the number 135,284?

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Answers

Answer:First and foremost, we should note that the value of the digit 2 in the number 135,284 is (200). Therefore, the value that is ten times as great as the value of the digit 2 in the number 135,284 would be:

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Answer:

KM=60°

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Which expression is a factor of 9,2- 4r + 1? F3r-1 Gr-1 H 9r - 1 I J There are no real factors.​

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Answer:

use photomath bestie

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Determine which translations would map Figure K into Figure L.

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im need more help besties

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anyways giving brainliest

:)

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Well , i took a while to understand the question , lol . I guess the answer is. 7 students

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Help me pls TwT, I’m terrible at math

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Answer:

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answer:

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Answer:

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PLS HELP NOBODY WILL HELP ME JUST SPAM ANSWERS I WANNA CRY JUST PLS ANYONE? ILL DEFINETLY GIVE BRAINLIEST : (

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Step-by-step explanation:

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