equations
A student obtains a simple-interest loan to pay one year of college tuition, which costs $18,000, and the annual interest rate on the loan is 6%. how do you write this equation?
A=18,000(1+6% x 1)
A student obtains a loan to pay one year of college tuition, which costs $18,000, and the annual interest rate on the loan is 6%. What would the total be?
$19,080.00
Jeffrey gets a loan to buy a car that costs $124,000 and the annual interest rate on the loan is 13.5%. how do you write this equation?
A= 124,000(1+13.5x 1)
Jeffrey gets a loan to buy a car that costs $124,000 and the annual interest rate on the loan is 13.5%. what would the total be after a year?
$140,740.00
Neo got a loan to buy a house that costs $320,000 and the interest rate on the loan is 20.5%. how would you write the equation if 3 years have passed?
A=320000(1+20.5 x 3)
Neo got a loan to buy a house that costs $320,000 and the interest rate on the loan is 20.5%. What would the total be if 3 years have passed?
$516,800.00
what is the definition of the initial principal balance?
the principal is the initial size of a loan; it can also be the amount still owed on a loan.
A tennis coach got a loan to buy a tennis court that costs $200000 and a racket that costs $230 with an interest rate of 13%. how would write this after 2 years?
A=$200230(13% x 2)
A tennis coach got a loan to buy a tennis court that costs $200000 and a racket that costs $230 with an interest rate of 13%. What would the total be after 2 years?
$252,289.80
What is the definition of simple interest?
the interest calculated on the principal portion of a loan or the original contribution to a savings account.
Steve asks his uncle for $1.50 to buy a drink at the corner store, with an interest rate of 2000%per week (there are 52.1429 weeks in a year). If his birthday is 3/31/1992 and the drink was bought on 2/6/1998, how would you write this if a year?
A=1.50(1+2000% x 52.1429)
Steve asks his uncle for $1.50 to buy a drink at the corner store, with an interest rate of 2000%per week (there are 52.1429 weeks in a year). If his birthday is 3/31/1992 and the drink was bought on 2/6/1998, how much would he owe after a year? round to the nearest hundredth place.
$31.58