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

Please answer the following question in English. List at least two reasons why you think it is beneficial to learn Spanish. When entering your answers for fill

]Astrology is a pseudoscience because

What is the unknown number ( +4)+59=70

what is the unit fraction for 12/84

Identify the simple predicate in the following sentence. George Washington was one of the greatest generals in American history.

(x - y)^2 + 4z(x - y) +3z^2 (and btw ^2 means squared and this is going for 10 points)

which philossophers called all people the ''sovereign'' meaning all power should rest with them ?

What point of view provides information about others? a. first person b. second person c. third person

Q=p(r+s) Solve for p.

Complete the pattern what is the reasoning 6,500,000 and 65,000 and 6,500 and 6.5 and 0.65