Kyle borrows $25000 at 6% p.a. simple interest for four years. Calculate the monthly repayment required to pay this loan off in 48 equal instalments.

Answers

Answer 1

Answer:

$587.13

Step-by-step explanation:

Monthly Payment Formula

[tex]\sf PMT=\dfrac{Pi(1+i)^n}{(1+i)^n-1}[/tex]

where:

PMT = monthly paymentP = loan amounti = interest rate per month (in decimal form)n = term of the loan (in months)

Given:

P = $25,000i = 0.005n = 48

To calculate i, divide the interest rate per annum by 12 and convert to decimal form:

[tex]\implies \sf i=\dfrac{6\%}{12}=\dfrac{0.06}{12}=0.005[/tex]

Substitute the given values into the formula and solve for PMT:

[tex]\implies \sf PMT=\dfrac{25000 \cdot 0.005(1+0.005)^{48}}{(1+0.005)^{48}-1}[/tex]

[tex]\implies \sf PMT=\dfrac{125(1.005)^{48}}{(1.005)^{48}-1}[/tex]

[tex]\implies \sf PMT=587.1257262...[/tex]

Therefore, the monthly repayment required to pay this loan off in 48 equal installments is $587.13 (nearest cent).

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Related Questions

PLEASE HELP QUICKLY!!! WILL GIVE BRAINLYEST AWARD TO 1st RIGHT!!!

Answers

Answer:

i think is the third one

Instructions: Write the equation for the following
function. Do not use any spaces in your answer.
X
0
1
2
-1
y
0
-2
-4
-12

Y=

Answers

The function of the given data would be F(x) = y = 4x.

What is a function?

The function is a type of relation, or rule, that maps one input to specific single output.

Given;

X(input)    Y ( output)

0                0

1                  4

2                  8

3                 12

We can see that

When the input is zero the output is also zero.

And when the input is some real number the output gives the multiple of 4.

Thus, The function could be

f(x) = 4x

The given function is represented by x as the independent variable.

Therefore, The function of the given data would be F(x) = y = 4x.

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Given the points X(-2, 5) and Y(2, -3), find the coordinates of the point P on
directed line segment XY thatpartitions segment XY such that the ratio of XP
to PY is 4:1
(²,3)
5
( 71/17, 173737)
(7)

Answers

The coordinate of the point P will be (6/5, -7/5). Then the correct option is C.

The complete question is attached below.

What is the section of the line?

Let A (x₁, y₁) and B (x₂, y₂) be a line segment. Then the point P (x, y) divide the line segment in the ratio of m:n. Then we have

x = (mx₂ + nx₁) / (m + n)

y = (my₂ + ny₁) / (m + n)

Given the points X(-2, 5) and Y(2, -3).

Then the coordinates of the point P on directed line segment XY that partitions segment XY such that the ratio of XP to PY is 4:1.

(x₁, y₁) = (-2, 5)

(x₂, y₂) = (2, -3)

m = 4

n = 1

Then the point will be

x = [4 × 2 + 1 × (-2)] / (4 + 1)

x = 6 / 5

y = [4 × (-3) + 1 × 5] / (4 + 1)

y = -7 / 5

The coordinate of the point P will be (6/5, -7/5).

Then the correct option is C.

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two ships leave a port sailing 18km/h and 26 km/h. Their angle between their directions of travel from the port is 39 °. How far part are the skips to the nearest km after 2 hours

Answers

I got 33.02 ➡️ 33km!!
33km I got it right

2*2+2+2+2+2+2+2+22+2+22+2222+222+22+22+222+22+22

Answers

The answer would be 2816

Answer:

Step-by-step explanation:

2,816 lol

What should m<3 be for I1 II2

Answers

Answer:

63

Step-by-step explanation:

180 - 117 = 63 which is used to figure out angle 2.

Angle 2 and angle 3 are corresponding angles thus the measure of angle 3 is 63 degrees.

Answer:

Search up online

Step-by-step explanation:

i don't actually know but searching online is good

Gary and Georgia split £56 in the ratio
2:5.
How much money does Georgia get?
Give your answer in pounds (£).

Answers

Answer:

£40

Step-by-step explanation:

sum the parts of the ratio, 2 + 5 = 7 parts

divide the amount by 7 to find the value of one part of the ratio.

£56 ÷ 7 = £8 , then

5 parts = 5 × £8 = £40 ← amount Georgia gets

Out of £56, the money received by Georgia is equivalent to $40.

What is Ratio?

The ratio is defined as the comparison of two quantities of the same units that indicates how much of one quantity is present in the other quantity.

Given is Gary and Georgia who split £56 in the ratio 2:5.

There are total of 7 parts. This means that £56 is divided equally among the seven parts. Assume that the one part is equivalent to x. Then the cost of 7 parts = 7x. From the question, we can write -

7x = 56

x = 8

Georgia has 5 parts, therefore the money received by Georgia will be = 5 x 8 = 40

Therefore, out of £56, the money received by Georgia is equivalent to $40.

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PLEASE HELP!

Which of the following is the graph of the piecewise function f (x) =
(photos attached)

Answers

The graph first represents the provided piecewise function option first is correct.

What is a piecewise function?

The graph of a piecewise function contains numerous curve components. It signifies that it has a plethora of definitions based on the value of the input. In other words, a piecewise function behaves differently depending on the input.

We have a piecewise function shown in the picture.

[tex]\rm y=\left\{x\le-2:\sqrt{-x-2}\right\}[/tex]

[tex]\rm y=\left\{-2 < x < 1:\dfrac{x}{x^{2}+x-2}\right\}[/tex]

[tex]\rm y=\left\{x\ge1:\log_{2}\left(x+1\right)\right\}[/tex]

After plotting all the pieces of a function on the coordinate plane we will get a graph the same as shown in the first option.

Thus, the graph first represents the provided piecewise function option first is correct.

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An aerospace company's stock closes Tuesday at $144.12. The next day, it gains $5.92. What is the new stock price?

Answers

Answer:

150.04

Step-by-step explanation:

144.12

5.92

+ 150.04

3x² - 5x+2
5x²-2x-6
Which of the following is the sum of the two
polynomials shown above?
A) 8x²-7x-4
B) 8x² +7x-4
C) 8x4-7x²-4
D) 8x² +7x²-4

Answers

A) 8x squared -7x-4
combine like terms

quadrilateral ABCD is similar to quadrilateral EFGH find the measure of side EF round your answer to the nearest tenth if necessary

Answers

Answer:

EF = 2.9

Step-by-step explanation:

The geometric figures are similar so we can use the similarity ratio to calculate the length of EF:

GF/ CB = EF/AB

5/29 = EF/17 cross multiply expressions

29EF = 85 divide both sides by 29

EF = 2.9 approximately

Kimberly loves science and just subscribed to KiwiCo, a company that delivers STEAM kits to students to build and create
things at home! KiwiCo charges a subscription fee of $16.99 for each of its members. KiwiCo had 300 subscribers in March.
In April, 50 new people subscribed to KiwiCo, and 23 people canceled their subscriptions. How much more money did
KiwiCo earn from subscriptions in April?

Answers

The KiwiCo earn money from subscriptions in April would be $5555.73.

What is the unitary method?

The unitary method is a method for solving a problem by the first value of a single unit and then finding the value by multiplying the single value.

KiwiCo charges a subscription fee of $16.99 for each of its members.

$16.99 per 1 person

KiwiCo had 300 subscribers in March.

In April, 50 new people subscribed to KiwiCo, and 23 people canceled their subscriptions.

300 + 50 = 350 - 23 = 327

So,

327×$16.99= 5555.73

Hence, The KiwiCo earn money from subscriptions in April would be $5555.73.

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Solve the following:
(20 - 5²) (16+2²)
-2³ + (3 x 2²)
Give your answer in simplest form.​

Answers

Answer:

-96

Step-by-step explanation:

(20-25)(16+4)-8+(3x4)

=(-5)(20)-8+12

=-100-8+12

=-96

Yall please help!!!!!! THANK YOUUU SO MUCHHH!!! Kinda lostttt

Answers

Answer:

Should be C

Step-by-step explanation:

Only the same power number can be use to add or subtract :)

But why is A, B and C same kinda stuff?

A club consists of 5 girls (Kirsten, Sarah, Suzie, Monica, and Katie) and 3 boys (Kevin, Steve and Samuel).

Find P(S-name U Boy)

Answers

The probability of selecting a person with a name that starts with S or a boy is [tex]\frac{5}{8}[/tex]

What is probability?

Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true. The probability of an event is a number between 0 and 1, where, roughly speaking, 0 indicates the impossibility of the event and 1 indicates certainty.

Given that, a club consists of 5 girls (Kirsten, Sarah, Suzie, Monica, and Katie) and 3 boys (Kevin, Steve and Samuel)

To find P(S-name U Boy), that is the probability of selecting a person whose name starts with S or boy.

n(S-name U Boy) = 5   {2 girls (Sarah, Suzie), 3 boys( Kevin, Steve and Samuel )}

Number of favourable outcomes=5

Total number of outcomes=5+3=8

P(S-name U Boy) [tex]=\frac{Number of favourable outcomes}{Total number of outcomes}[/tex]

[tex]=\frac{5}{8}[/tex]

Therefore, the probability of selecting a person with a name that starts with S or a boy is [tex]\frac{5}{8}[/tex].

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Rsm question please explain
The question is in the picture

Answers

A triangle is a three-edged polygon with three vertices. ΔAKE and ΔCKP are congruent.

What is a triangle?

A triangle is a three-edged polygon with three vertices. It is a fundamental form in geometry. The sum of all the angle of a triangle is always equal to 180°.

In ΔABC, since AB≅BC, therefore, the triangle will be an isosceles triangle, and the measure of ∠A ≅ ∠C, using the base angle theorem.

Now In ΔAKE and ΔCKP,

∠A ≅ ∠C {Proved above}

∠AKE ≅ ∠CKP {Given}

AK ≅ KC {Given }

Since two angles and a side of the triangle are equal, therefore, we can write the two triangle are congruent using the Side-angle-side or Angle-Side-Angle congruence.

Hence, ΔAKE and ΔCKP are congruent.

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Which rule can be used to describe the x-coordinates in the translation below ?

Answers

Answer:

The translation is [tex]X+0[/tex]

Step-by-step explanation:

A translation means the transformation that moves every point in a figure at the same distance in the same direction.

The translation can be described using words like moved up 3 and over 5 to the left or with the notation.

As for the given, there can be no rule described. so the translation is [tex]X+0[/tex]

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The translation is [tex]X+0[/tex]

A translation means the transformation that moves every point in a figure at the same distance in the same direction.

The translation can be described using words like moved up 3 and over 5 to the left or with the notation.

As for the given, there can be no rule described. so the translation is[tex]X+0[/tex]

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If b = 5, then the exact value of a is?

Answers

Answer:

5sqrt3

Step-by-step explanation:

You can use trigonometry to figure out the answer

TOA is tan(any angle) = opposite/adjacent

Tan(30) = 5/x

tan(30) = sqrt3/3

x = tan inverse (30) multiplied by 5

x = 5sqrt3

The area of the square is 36 square cm. Find its side.

Answers

Answer:

s = 6 cm

Step-by-step explanation:

the area (A) of a square is calculated as

A = s² ( s is the side length )

given A = 36 , then

s² = 36 ( take square root of both sides )

s = [tex]\sqrt{36}[/tex] = 6

6x6 makes 36 meaning it’s sides are each 6 cm

HEEEEEEELPPP AND QUICKKKKK PLEASE OMGOMGOMGGMOGMGOMGOMGOMGOGMOMGOMGOMGOGMOGMOMGOMGOMOGOG

Answers

Answer:

C (The third answer). The square root of terms separated by addition and subtraction cannot be calculated individually.

Step-by-step explanation:

This problem can be thought similarly to: (x-2)²

A common mistake would to make the x squared and the -2 squared like x²+4, however, the problem should be solved like (x-2)(x-2) which equals to: x² - 4x + 4

In this question, if you square root an expression like ±√(b²-4ac), you cannot just take the square root of b² unless it was (b²)(-4ac).

The terms can only be divided individually if they are either multiplied or divided, but cannot if they are added or subtracted.

Multiplying Monomials and Binomials:16x(x+24)

Answers

Answer
16x^2+384x
x equals -24

A farmer has only goats and hens in his farm,on a particular day,he sold 12 animals (goats and hens) and the total number of their legs was 32. how many goats and how many hens did he sell that day?

Answers

The number of goats sold is 4 and hens sold is 8.

What is an Equation ?

An equation is a mathematical statement which equates two algebraic expression with an equal sign.

Let the total number of goats sold be g

Let the total number of hens sold is h

g + h = 12

The total no. of legs of a goats sold will be 4g

and the total number of legs of a hens sold will be 2h

and it is given that

4g +2h = 32

The system of equation formed is

g + h = 12

4g +2h = 32

Multiplying equation (1) by 2 and then (1) - (2)

-2g = -8

g = 4

Therefore the number of goats sold is 4 and hens sold is 8.

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Calculate X+Y it in a row way 9

Answers

69! I calculated it by 69-3

need answer Asap! Lots of points!

Answers

Answer:

1

Step-by-step explanation:

Via calculator inputs.....

Chapter - logarithms

Please help!!!​

Answers

Answer:

[tex]\large\boxed{\sf n^2 \ log \ x }[/tex]

Step-by-step explanation:

Given that ,

[tex]\longrightarrow \log \ x + \log\ x^3 + \log \ x^5\ \dots + \log x^{2n-1} [/tex]

As we know that , [tex] \log x^n = n \log x [/tex] , therefore ;

[tex]\longrightarrow \log x + 3\log x + 5\log_x +\dots + (2n-1)\log x [/tex]

Take out log x as common ;

[tex]\longrightarrow \log x ( 1 + 3+5+...+(2n-1))[/tex]

The terms inside the brackets are the sum of first n odd numbers . And we know that the sum of first n odd numbers in . Therefore ;

[tex]\longrightarrow \log x (n^2) \\[/tex]

[tex]\longrightarrow \underline{\underline{\red{{ n^2\log x }}}}[/tex]

Option c is correct!

A bakery makes and sells designer cakes. The function d (x) = 125€ represents
the income, in dollars, from selling a cakes. The function p (y) = y - 1620
represents the monthly profit, in dollars, if the bakery makes y dollars in income for
the month. What is the profit from selling 30 designer cakes in a single month?

Answers

The profit from selling 30 designer cakes in a single month is; $2130.

What is the profit for selling 30 cakes in a month?

It follows from the task content that the income function as given is; d(x) = 125 × a.

Hence, when 30 designer cakes are sold, thee income is; 125 × 30 = 3750$.

The profit which is a function of the income y is given as; p (y) = y - 1620.

On this note, if follows that the profit is; p (y) = 3750 - 1620 = $2130.

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n + 7
------- = 2
13

Answers

Answer:

19

Step-by-step explanation:

(n+7)/13 = 2 [given]n+7=26 [multiply both sides by 13]n=19 [subtract 7 from both sides]

The revenue from selling shirts is r(x) = 11x.

The cost of buying x shirts is c(x) = 6x + 20.

The profit from selling x shirts is p(x) = r(x) - c(x).

What is p(x)?

Answers

Answer:

r(x)= 11x

c(x) = 6x + 20

p(x) = r(x) - c(x)

= 11x -( 6x + 20)

= 11x - 6x - 20

= 5x - 20

find the new prices after the given percentage increases.
a] £35 increased by 10%
b} £105.99 increased by 12%

Answers

Answer:

a] 38.5$
b] 118.71$

Step-by-step explanation:

A)35$ was increased by 10%
So:
10% of 35$
10/100 x 35 ($)
3.5$
So 35$ was increased by 3.5$ and the new price is 38.5$
B)105.99$ was increased by 12%
So:
12% of 105.99$
12/100 x 105.99$
=12.7188$
Let's round it to the nearest hundredths:
12.72$

So 105.99$ was increased by 12.72$ and the new price is 118.71$

HOPE IT HELPS :D
Tip: "of" means multiplication in Maths.

what does X equal to in this equation

Answers

Answer:

17

Step-by-step explanation:

5x+5x+10=180

10x=170

x=17

Answer:

Answer is 17

Step-by-step explanation:

It is done in this step

5x +5x+10=180

10x=170

x=17

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