flamejetrocket2 flamejetrocket2

02-04-2020
Mathematics

contestada

Jacey gets a $500
loan at a simple
annual interest
rate of 5%. She will
pay back the loan
in equal monthly
payments over one
year. How much is
each payment?

Respuesta :

lilgunter12 lilgunter12

02-04-2020

Answer:

She will have to pay 43.75$ monthly to fully pay the loan back in one year.

Step-by-step explanation:

5% of 500$ is 25 dollars.

add 500 + 25 = 525

divide 525 / 12 to represent the months of a year. = 43.75$

Answer Link

Otras preguntas

Which Property of Equality should be used first to solve the equation p/7 - 5 = -3 for p Addition Property of Equality Subtraction Property of Equality Multipli

What are Some of the Most Common Energy Sources?

solve the formula for the indicated variable c=yt+y,for t (the solution is t=___)

the resultant resistance of two resistance wires in series combination is 108 ohm and in parallel combination is 24 ohm. find the value of individual resistance

which areas were obtained after the revolutionary war?

3) Write an equation for a graph that is the set of points in the plane that are equidistant from the point F(6,0) and the line x = -6.

If a - 3= 7, then 2a - 14 =

At Jones College, there are a total of 100 students. If 30 of the students have cars on campus, and 50 have bicycles, and 20 have both cars and bicycles, then h

Whats the equation of a circle centered at (7,1) that passes through (-2,10)

A rectangular prism has a volume of 105 m3. This prism is enlarged using a scale factor of 4. What is the volume of the enlarged prism?Please Explain...