Joel borrowed $18,000 for 6 years at simple interest to purchase a vehicle. If Joel repaid a total of $20,953.80, at what rate did he borrow the money?

Answers

Answer 1
Final answer:

Joel borrowed money at an interest rate of approximately 2.73%. This was determined by using the simple interest formula to calculate the interest paid over 6 years and then re-formulating to find the interest rate using the known principal amount and time period.

Explanation:

The subject of this question is simple interest which is a concept in Mathematics. The question is asking for the interest rate at which Joel borrowed money to purchase a vehicle. By knowing that Joel borrowed $18,000, repaid a total of $20,953.80 after 6 years, and by applying the simple interest formula I = PRT (where I is interest, P is principal amount, R is interest rate and T is time in years), we can find out the interest rate.

The first step is to calculate the simple interest itself, which can be found by subtracting the original principal amount from the total amount repaid. So, $20,953.80 - $18,000 = $2,953.80 is the interest paid over 6 years.

Then we rearrange the simple interest formula to solve for the rate: R = I / (PT). Substituting the known values, our equation is: R = $2,953.80 / ($18,000 * 6), which gives R = 0.027325, or approximately 2.73% when expressed as a percentage.

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Related Questions

Dan is using tiles to add –8 + 6. He begins with the tiles shown below.

mc006-1.jpg

What is the sum of –8 + 6?
–14
–2
2
14

Answers

Answer:

Step-by-step explanation:

Alright, lets get started.

The given expression is : [tex]-8+6[/tex]

-8 can be written as [tex]-6-2[/tex]

So, the expression will be = [tex]-6-2+6[/tex]

The plus six and minus six will be cancelled. so,

-2 will be remaining.

So the answer is -2   :    Answer

Hope it will help :)

Answer:

-2

Step-by-step explanation:

The French helped the Patriot war effort by
A. attacking the main island of Britain to distract British forces.
B. keeping Spain out of the war.
C. going to war against hostile Native American groups. End of exam
D. providing a navy and military support.

Answers

France was happy to assist the United States, due both to an appreciation for the values behind the Declaration of Independence and a long-standing rivalry with the British.
To this end, the French provided the Patriots with funding, weapons, and even a small army unit to assist in the fight against the British. The French also provided a navy which proved to be instrumental in several battles. 

D) Providing a navy and military support. 

After a researcher adds 5 points to every score in a sample, the standard deviation is found to be s = 10. the original sample had a standard deviation of s = 5.
a. True
b. False

Answers

A, true.

If you add 5 points to every score, that makes the difference between them 5 points higher.

Triangle FGH is an isosceles right triangle with a hypotenuse that measures 16 units. An altitude, GJ, is drawn from the right angle to the hypotenuse.

What is the length of GJ?

A. 2 units
B. 4 units
C. 6 units
D. 8 units

Answers

It's D) 8 units HOPE IT HELPS

The value of the length GJ for the given triangle will be 8 units thus option (D) is correct.

What is a triangle?

A triangle is a 3-sided shape that is occasionally referred to as a triangle. There are three sides and three angles in every triangle, some of which may be the same.

As per the given isosceles triangle which has two equal sides so suppose the length of those sides is x unit.

By Pythagoras' theorem,

⇒ x² + x² = 16²

⇒ 2x²  = 256

⇒ x² = 128

The area of a triangle is given as,

⇒ (1/2) × x × x

⇒ (1/2) x²

⇒(1/2) × 128

⇒ 64 units²

The area of the triangle will also be given as,

A = (1/2) × 16 × (GJ)

Compare both areas as

64 = (1/2) × 16 × GJ

GJ = 8 units

Hence"For the provided triangle, the length GJ value will be 8 units".

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In a public opinion poll 624, people from a sample of 1100 indicate they would vote for a specific candidate. How many votes can the candidate expect to revive from a Population of 40,000

Answers

To solve this problem the best way is
624/1100 = x/40000
x = 624*40000/1100
x = 24960000/1100
x = 22690 votes

Around 22690 votes can be expected to revive from a Population of 40,000 by taking the same ratio.

What are the ratio and proportion?

The ratio is the division of the two numbers.

For example, a/b, where a will be the numerator and b will be the denominator.

Proportion is the relation of a variable with another. It could be direct or inverse.

Let's say x  votes can be expected to revive from a Population of 40,000.

Now,

By taking the same ratio;

x/40000 = 624/1100

x = 22690.9090 which can be counted as 22690.

Hence " Around 22690 votes can be expected to revive from a Population of 40,000 by taking the same ratio".

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Simplify -8 - 7(y+2)

Answers

-8 - 7(y+2)
-8 -7y -14

-7y -22 is your answer

hope this helps

Jamarcus's employer pays 80 percent of his medical insurance. If the insurance costs Jamarcus $20 a week, how much is his employer pay­ing?

Answers

20 x .8 (which is 80%)
= 16 dollars

hope this helps . give brainliest .
thanks 

Answer:

$80

Step-by-step explanation:

The total amount of his medical insurance is 100%. As such if Jamarcus's employer pays 80 percent , then the amount he pays would be equivalent to 20%.

As such, if the insurance costs Jamarcus $20 a week and the total amount is Y

then,

20% of Y = $20

0.2Y = $20

Y = $100

His employer will be pay­ing

= 80% of $100

= $80

PLEASE HELP ASAP

Rich bought two baseballs for $ 4 each and two basketballs for $ 22 each. Use the distributive property to find the total cost.

Answers

In Distributive Property it would be:

2(4 + 22)

Then, multiply 2*4 and 2*22 and add ur answers:

8 + 44

So the total cost is: $52
Final answer:

Rich spent $8 on baseballs and $44 on basketballs for a total expense of $52. This application of buying multiple items at a given cost and then summing across categories demonstrates the distributive property in mathematics.

Explanation:

Rich bought two baseballs at a cost of $4 each. This cost could be represented as 2 * $4 = $8. He also bought two basketballs for $22 each. This cost could be represented as 2 * $22 = $44. By using the distributive law, we multiply the cost of each basketball or baseball with the quantity purchased and then adding the total costs together which is adding $8 and $44. Hence, the total is $8 + $44 = $52 which represents the total cost of the baseballs and basketballs that Rich bought. This is a clear demonstration of the distributive property where operations inside parentheses can be distributed over other operations.

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If two ants are walking in straight lines but in different directions their paths cannot cross more than once. Write the postulate that justifies this statement.

Answers

unless they are perfectly parallel to each other they will cross somewhere and if they are walking only in a straight line they can only cross each other once because it's like 2 linear equations on a graph they can only cross each other once if they are not parallel. 

How many elements does each of these sets have where a and b are distinct elements?
a.p({a,b,{a,b}})
b.p({∅,a,{a},{{a}}})?

Answers

a.p({a,b,{a,b}}) is the answer 

What is a mathematical phrase that contains numbers, variables, or operators, but no equal sign?

Answers

That would be an expression.

An expression could be,

5 + 3,

a + 4

It just cannot have an equal sign.

I need help!

Step 1 ?
Step 2 ?
Step 3 ?
Step 4 ?

Answers

7 + (-2)

a positive and negative is always a negative, and so:

7 - 2 = 5

5 is your answer

The problem is that he wrote the number of circles he made, instead, he should be the ones he didn't circle

hope this helps

A rectangle is 3 times as long as it is wide. the perimeter is 60 cm. find the dimensions of the rectangle. round to the nearest tenth if necessary. (1 point) 7.5 cm by 22.5 cm 7.5 cm by 52.5 cm 20 cm by 60 cm 15 cm by 22.5 cm

Answers

the answer to your question is 3.5 because if you subtract 22.5-7.5 it equals 3.5 so just try that answer

Pamela bought an electric drill at 85% of the regular price. she paid $32.89 for the drill. What was the regular price ( Round to the nearest cent)

Answers

(100/85) x $32.89
=$38.69411765
=$38.69 (to the nearest cent)

A contestant on a game show is given $100 and is asked five questions. The contestant loses $20 for every wrong answer. Is the graph discrete or continuous? Determine the domain and range.

Answers

For the first question, remember that a discrete graph is one where you don't have any values for non-integer numbers. For example, can she miss 1.5 questions? No, she can only miss 1, 2, 3, 4, or 5 questions. On the other hand, a continuous graph would have values at all possible numbers of questions, so if it were continuous, she could miss 1.34828481 questions. Now for the second part, the domain is all of the input values. Here, that's the number of questions she misses, so the domain would be 0, 1, 2, 3, 4, 5. The range is all of the output values, or the amount of money she takes home in this case. So the range would be $100, $80,,$60, $40, $20, $0.

A function can either be discrete or continuous, depending on the input values of the function

The graph is discreteThe domain is [0,5]The range is [0,100]

From the question, we understand that:

The contestant would be asked 5 questionsThe contestant would lose $20, for each wrong answer

Notice that:

It is impossible to ask the contestant 1.5 questions

And base on the possible earnings, the contestant cannot earn $50.5 or number with decimal

When the data we are dealing with are non-decimal numbers, then the distribution is discrete

The domain and range

There are 5 possible questions to ask;

So, the domain is [0,5]

The contestant starts with $100.

So, the range is [0,100]

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So difficult!!! Someone help

Answers

when two lines cross like this, sum of measures of opposite angles is 180.
this means that:
measure angle AEC + measure angle BED = 180
4x-40 + x+50 = 180
5x +10 = 180
5x = 170
x = 34
therefore:
measure angle AEC = 4x-40 = 4(34)-40 = 96
measure angle BED = x+50 = 34+50 = 84

When adding two numbers, such as 123 and 423, care is taken to first line them up and then add like digits. How does expanding this expression to [(1 × 10^2 ) + (2 × 10^1 ) + (3 × 10^0 )] + [(4 × 10^2 ) + (2 × 10^1 ) + (3 × 10^0 )] make the operation more like a polynomial addition problem?

Answers

Since a polynomial is where we have like terms such as (1 x 10²) and (4 x 10²), we can add these up using the distributive property to get (5 x 10²) but still keep the 10². For example, it's similar to if we had 2x²+3x²=5x². The x² is still there, but we add up the 2 and 3. Similarly, we can add these up for 10^1 and 10^0

What is the measure of an angle whose sine is√3/2 ? 60 45 30

Answers

ANSWER

The required angle is
[tex]60 \degree[/tex]

EXPLANATION

Let the angle whose sine is
[tex] \frac{ \sqrt{3} }{2} [/tex]
be
[tex]x \degree[/tex]

Then

[tex] \sin(x \degree) = \frac{ \sqrt{3} }{2} [/tex]


We take the inverse sign of both sides to obtain,

[tex]x = \sin ^{ - 1} ( \frac{ \sqrt{3} }{2} ) [/tex]

We use our scientific calculator to evaluate and obtain,

[tex]x = 60 \degree[/tex]

what two numbers multiply to make 6 and also add to make 8

Answers

*This is an answer I found elsewhere on Brainly.*

(4+√10)(4-√10)

=16-4√10+4√10-10

=6

------------------------------

(4+√10)+(4-√10)

=4+√10+4-√10

=8

----------------------------

The numbers are:

4+√10, and 4-√10

Jenny is 65 years old, retired, and good health, and likes to travel to wor Jenny is 65 years old, retired, and good health, and likes to travel to world. Which lifestage best describes her?

Answers

Jenny is at the life stage of Mature Adulthood, this is the stage of where an adult has established their goals in life such as that involve in work, or anything that they have contributed in their life. They were able to raise a family and has learned things that happened in his or her life.

Travis runs an average of 25 miles per week give or take six miles. let m be the number of miles travis runs each week

Answers

The number of miles Travis runs each week is I m - 25 I = 6. 


Let  m be the number of miles Travis runs each week. Below is the solution:

I m - 25 I = 6


19 ⇔ 25 ⇔ 31

which equation represents the table below? sal's and carries ages

Answers

The answer would be C

Answer:

c = s + 4    

Step-by-step explanation:

We have given the Sal's and Carrie's ages. We need to represents the table below using equation.

Sal    =    3     5    8    13   15

Carrie =   7    9    12   17    19

Out of given options, equation (3) should be followed. We can proof it as :

c = s + 4

Putting one by one the ages of Sal in the above equation to get Carrie's age.

1. c = 3 + 4 = 7

2. c = 5 + 4 = 9

3. c = 8 + 4 = 12

4. c = 13 + 4 = 17

5. c = 15 + 4 = 19

Hence, the correct option is (c).

A computer system password requires five characters, all lowercase letters (remember there are 26 letters), and all the letters must be different. how many different passwords are possible?

Answers

Multiplication is the process of multiplying, therefore, adding a number to itself for the number of times stated. The number of ways in which the password can be formed is 7,893,600.

What is multiplication?

Multiplication is the process of multiplying, therefore, adding a number to itself for the number of times stated. For example, 3 × 4 means 3 is added to itself 4 times, and vice versa for the other number.

Given that a computer system password requires five characters, all lowercase letters (remember there are 26 letters), and all the letters must be different. Therefore, if a letter is used once it can not be used again.

For the first place available options = 26 letter

Now, one letter is only used therefore, there are only 25 options available for the next place.

For the Second place available options = 25 letter

Now, two letters are only used therefore, there are only 24options available for the next place.

For the third place available options = 24 letter

Now, three letters are only used therefore, there are only 23 options available for the next place.

For the fourth place available options = 23 letter

Now, the four letter are only used therefore, there are only 22 options available for the next place.

For the fifth place available options = 22 letter

Further, the number of ways in which the password can be formed is,

Number of ways = 26 × 25 × 24 × 23 × 22 = 7,893,600

Hence, the number of ways in which the password can be formed is 7,893,600.

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Final answer:

There are 789,360 different passwords that are possible.

Explanation:

To find the number of different passwords that are possible, we can consider the problem in a step-by-step manner.

For the first character, there are 26 choices since we can choose any lowercase letter.For the second character, there are 25 choices remaining since one letter has already been used.Similarly, for the third character, there are 24 choices remaining.For the fourth character, there are 23 choices remaining.And finally, for the fifth character, there are 22 choices remaining.

To find the total number of possible passwords, we can multiply these choices together: 26 × 25 × 24 × 23 × 22 = 789,360.

A commuter plane provides transportation from an international airport to the surrounding cities. one commuter plane averaged 280 mph flying to a city and 120 mph returning to the international airport. the total flying time was 3 h. find the distance between the two airports.

Answers

The distance between the two airports is 252 miles

What is Speed?

Speed is defined as the rate of change of position of an object in any direction. Speed is measured as the ratio of distance to the time in which the distance was covered. Speed is a scalar quantity as it has only direction and no magnitude

Speed = Distance / Time

Given data ,

Let the distance between the two airports be = D

Now ,

Let the first airport be = A

Let the second airport be = B

And , the speed from Airport A to Airport B averaged = 280 mph

The speed from Airport B to Airport A averaged = 120 mph

The total time taken for the journey = 3 hours

So , the value of Time T = 3 hours

So , the equation will be

Time = Distance / Speed

Since , the distance between the airports remains the same on the journey,

Time = D/280 + D / 120

Substituting the values in the equation, we get

D/280 + D / 120 = 3

The LCM of 280 and 120 is 840 , so

( 3D + 7D ) / 840 = 3

On simplifying the equation , we get

Multiply by 840 on both sides of the equation , we get

10D = 2520

Divide by 10 on both sides of the equation , we get

D = 252 miles

Therefore , the value of distance D from the equation is 252 miles

Hence , The distance between the two airports is 252 miles

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Final answer:

By solving the equation 280t = 120(3 - t), we find that the time taken to fly to the city is 0.9 hours. Multiplying this by the speed of 280 mph, the distance between the two airports is determined to be 252 miles.

Explanation:

To find the distance between the two airports, we can use the formula distance = speed × time, but first, we need to find the time taken for each leg of the journey. Let t be the time (in hours) it takes for the plane to fly to the city at 280 mph. Hence, the time taken to return to the international airport at 120 mph will be 3 - t hours. We can establish the following equations based on this information:

To the city: 280t (since distance = 280 mph × t)

Returning: 120(3 - t) (since distance = 120 mph × (3 - t))

Since the distances are equal for both trips, we can set the equations equal to each other:

280t = 120(3 - t)

Solving for t, we get:

280t = 360 - 120t
400t = 360
t = 0.9

The time taken to fly to the city at 280 mph is 0.9 hours. Now we can find the distance:

Distance to the city = 280 mph × 0.9 h = 252 miles.

Therefore, the distance between the two airports is 252 miles.

45 1/2% percent as a fraction in simplest form

Answers

45.5%, or 4.55, for 455/1000.

91/200

45 1/2 per cent as a fraction in simplest form is 91/200.

We need to write 45 1/2% as a fraction in the simplest form.

How to write a fraction in the simplest form?

A fraction is in its simplest form when the top and bottom cannot be any smaller, while still being whole numbers.

To simplify a fraction: Divide the top and bottom by the greatest number that will divide both numbers exactly (they must stay whole numbers).

Now, 45 1/2% can be written as 45.5/100

Multiply both numerator and denominator by 10.

That is 455/1000

Now, 455/1000 = 91/200

Therefore, 45 1/2 per cent as a fraction in simplest form is 91/200.

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Please help me with the problem below! :)

Answers

First, lets subtract the goal by 3, because she already did them.

15 - 3
12

Now, lets divide by one because that will leave you with the number of days

12/1
12

So, It will take her 12 days if she keeps up with her goal.

Hope this helps!

2(-3 x + 1) = 9 x - 8

Answers

2(-3x + 1) = 9x - 8

Simplify.

(2 · -3x) + (2 · 1) = 9x - 8

Simplify.

-6x + 2 = 9x - 8

Subtract 2 from both sides.

-6x = 9x - 8 - 2

Subtract 9x from both sides.

-6x - 9x = -8 - 2

Simplify.

-15x = -10

Divide both sides by -15.

x = 10/15

Simplify.

x = 2/3

Check your work! :)

To check your work, simply plug in 2/3 for x in our original equation.

2(-3x + 1) = 9x - 8

2{-3(2/3) + 1} = 9(2/3) - 8

Simplify.

2(-2 + 1) = 6 - 8

Simplify.

2(-1) = 6 - 8

Simplify.

-2 = -2

Therefore, x = 2/3

~Hope I helped!~
Hi!

First let's use the distributive property.
2(-3x + 1) = 9x - 8

Multiply
2 x -3, and 2 x 1.
-6x + 2 = 9x - 8

Add 8 to both sides.
-6x + 2 + 8 = 9x - 8 + 8
-6x + 10 = 9x

Add 6x to both sides.
-6x + 6x + 10 = 9x + 6x
10 = 15x

Divide by 15 on both sides.
10/15 = 15x/15
10/15 = x

Which can be simplified to..
2/3 = x

The answer is 2/3 = x

Hope this helps! :)

15x - 10 = -9x + 2
please help me !!!!!

Answers

15x - 10 = -9x + 2

15x +9x -10 = -9x + 9x + 2

15 x + 9x - 10 + 10 = 2 + 10

15 x + 9 x = 2 + 10

24x = 12

24x/24 = 12/24

x = 1/2

hope this helps

Which of the following best describes the algebraic expression 15x + 8? A. the sum of fifteen times a number and eight B. the product of fifteen plus a number and eight C. fifteen times the sum of a number and eight D. fifteen times the quantity of a number plus 8

Answers

The answer is (A) Hope this helps.

Answer: A. [tex]\text{the sum of fifteen times a number and eight }[/tex]

Step-by-step explanation:

The given algebraic expression : [tex]15x + 8[/tex]

We can see that the constant term here is [tex]8[/tex].

The variable term is [tex]15x[/tex].

The operation used here = Addition

To convert any algebraic expression into a statement we represent the variable i.e. x by word "number".

Then the variable term is represented as : Fifteen times a number

Therefore, the best describes the given algebraic expression will be :-

"[tex]\text{the sum of fifteen times a number and eight }[/tex]"

I need help with starring the answer in mixed fraction

Answers

Greetings!

"Evaluate: -7/3-1 2/9."...

First, we must convert the mixed number into an improper fraction. This is done by multiply to whole number of the fraction (2/9) by the denominator. Then add this number to the numerator.

1*9=9
9+2=11
11/9

-7/3-11/9
Now we must find a common denominator for both fractions.
-21/9-11/9
=-32/9

The answer is -32/9.

Hope this helps.



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