Eric borrowed a total of $3000 from two student loans. One loan charged 4% simple interest and the other charged 3.5% simple
interest, both payable after graduation. If the interest he owed after 2 years was $215, determine the amount of principal for each
loan.

Answers

Answer 1

Answer:

$ 500 was the principal of the loan at 4%, and $ 2,500 was the principal of the loan at 3.5%.

Step-by-step explanation:

Given that Eric borrowed a total of $ 3000 from two student loans, and one loan charged 4% simple interest and the other charged 3.5% simple interest, both payable after graduation, if the interest he owed after 2 years was $ 215, to determine the amount of principal for each loan, the following calculation must be performed:

4 x 2 = 8

3.5 x 2 = 7

1500 x 0.08 + 1500 x 0.07 = 225

1400 x 0.08 + 1600 x 0.07 = 224

100 x 0.08 + 2900 x 0.07 = 211

500 x 0.08 + 2500 x 0.07 = 215

Therefore, $ 500 was the principal of the loan at 4%, and $ 2,500 was the principal of the loan at 3.5%.


Related Questions

Solve each equation.
a) 2x = 7
b) 4x = 3
c) 6x = 3
d) 7x = 13
HOW DO YOU SOLVE THESE I NEED THE ANSWER FOR THE QUESTION HELPPPP PLEASEEEE!!!!!!

Answers

Step-by-step explanation:

hey :) if you need help download algebrator. I use it ALL the time pls download it and try it out. it'll give you explanations

Answer:

a) x = 7/2

b) x = 4/3

c) x = 1/2

d) x = 13/7

Step-by-step explanation:

(this is the same process for every one of them. I did C for you)

Let's solve your equation step-by-step.

6x=3

Step 1: Divide both sides by 6.

6x/6 = 3/6

x=1/2

Use the zero product property to find the solutions to the equation x2 – x – 6 = 0.

Answers

Answer:

x=3 and x=-2 is the root of given eq

Answer:

Use the zero product property to find the solutions to the equation x2 – x – 6 = 0.?

x = –2 or x = 3 is the answer

Step-by-step explanation:

Mike forgot the last three digits of his friend's telephone number. He only remembers that the digits are not the same. What is the probability he dials the correct telephone number on the first try

Answers

Answer:

1/720 = 0.0014 = 0.14% probability he dials the correct telephone number on the first try.

Step-by-step explanation:

A probability is the number of desired outcomes divided by the number of total outcomes.

The order of the digits is important, which means that the permutations formula is used to solve this question.

Permutations formula:

The number of possible permutations of x elements from a set of n elements is given by the following formula:

[tex]P_{(n,x)} = \frac{n!}{(n-x)!}[/tex]

Desired outcomes:

One correct number, so [tex]D = 1[/tex]

Total outcomes:

3 non-repeated digits, so permutations of 3 digits from a set of 10(all digits). So

[tex]T = P_{10,3} = \frac{10!}{7!} = 10*9*8 = 720[/tex]

What is the probability he dials the correct telephone number on the first try?

[tex]p = \frac{D}{T} = \frac{1}{720} = 0.0014[/tex]

1/720 = 0.0014 = 0.14% probability he dials the correct telephone number on the first try.

which of the following is a proportion 4/6 =9/12, 6/9= 8/12, 8/10=6/8 , 3/4=12/15

Answers

6/9=8/12
Bc
6/9=2/3=8/12

the volume of a cone with a radius of 6 and slant height of 10

Answers

Answer:

21.161

Step-by-step explanation:

use Pythagoras theorem ti find your slant height

then you use your formula which

[tex]1 \3\pi {r }^{2} h[/tex]

Choose the answer that represents the product below as a exponential
expression.
(-4).(-4).(-4).(-4).(-4).(-4)
A. (-4)^6
B. (-4)^4
C. 6•(-4)
D. (-6)^-4

Answers

Answer:

(-4) ^6

Step-by-step explanation:

(-4)*(-4)*(-4)*(-4)*(-4)*(-4)

There are six (-4)'s multiplied together

(-4) is the base and 6 is the exponent

(-4) ^6

please help me please!!!!​

Answers

Answer:

A) angle ACD

B) angle CBA

C) angle ACB

D) angle EBD and angle DBA

E) MDB and CDA

F)DBA

Step-by-step explanation:

Insta: lankey.t

please answer both questions thanks ​

Answers

67 on the first one and the second one is 34

Answer:

3. sin(43) = a/17

a = 17sin(43)

= 11.594

≈ 11.6

4. sin(35) = 6/b

b · sin(35) = 6

b = 6/sin(35)

= 10.46

y adjusted for wind chill (in degrees Fahrenheit, give
formula:
y=-26 + 1.3x
Estimate the actual temperature if the temperature
Fahrenheit.

Answers

Answer:

The actual temperature is: -6.92

Step-by-step explanation:

Given

[tex]y = -26 + 1.3x[/tex]

Required

Find x when [tex]y = -35[/tex]

Substitute [tex]y = -35[/tex] in [tex]y = -26 + 1.3x[/tex]

[tex]-35 = -26 + 1.3x[/tex]

Collect like terms

[tex]1.3x = 26 - 35[/tex]

[tex]1.3x = -9[/tex]

Solve for x

[tex]x =-9/1.3[/tex]

[tex]x =-6.92[/tex]

Determine whether ABC and DEF are similar. If so, write the similarity ratio and a similarity statement.

Answers

Answer:

Step-by-step explanation:

DEF is similar to CBA

because angle

angle C = angle D

angle B = angle E

angle A = angle F

The ratio is

10.8/5.4 = 9/4.5 = 6.4/3.2 = 2

Which of the following is the correct graph of a linear equation below Y +3 equals -2/3 times X -4

Answers

Answer:

Where are the graphs?

Step-by-step explanation:

Which relationship has a zero slope?

A two column table with five rows. The first column, x, has the entries, negative 3, negative 1, 1, 3. The second column, y, has the entries, 2, 2, 2, 2.

A two column table with five rows. The first column, x, has the entries, negative 3, negative 1, 1, 3. The second column, y, has the entries, 3, 1, negative 1, negative 3.

A coordinate plane with a straight line starting at (negative 5, negative 5) and passing through the origin, and ending at (5, 5)

A coordinate plane with a straight line starting iat (negative 2, 5) and passing the x-axis at (negative 2, 0), and ending at (negative 2, 5).

Answers

Answer:

B. A two column table with five rows. The first column, x, has the entries, negative 3, negative 1, 1, 3. The second column, y, has the entries, 3, 1, negative 1, negative 3.

Exponents are really not my thing but i am force to do it.

Answers

Answer:

1. False

2. True

3. False

Step-by-step explanation:

Find the probability of choosing a letter other than the letter E from a bag that contains the fifteen letters of the name DANIEL BERNOULLI. Express your answer as a fraction in lowest terms or a decimal rounded to the nearest millionth.

Answers

Answer:

The probability of getting a letter which is not E is 13/15.

Step-by-step explanation:

DANIEL BERNOULLI

The total number of elements in sample space = 15

The probability of getting letter E is

= 2/15

The probability of getting a letter which is not E is

[tex]1 - \frac{2}{15}\\\\\frac{13}{15}[/tex]

Which of these would be the opposite of a progressive tax?

Answers

c

A regressive tax is the opposite of a progressive tax because you pay a higher tax rate as your income decreases.

Answer:

b

Step-by-step explanation:

Abby went to the store to buy ice cream for her party. Each box costs $3. She has a coupon for 20% off her total. If Abby buys 3 boxes, what will she pay after using the coupon?

Answers

Answer: 7.2$

hope it helps :)

step-by-step explanation:

Cost of each box = 3$

Cost of 3 boxes without 20% coupon = 9$

With 20% off Coupon = 9 by 100 multiplied by 20

                                     (the zero's cut with each other leaving)

                                     = 9 by 10 multiplied by 2

                                     (9 multiplied by 2 = 18)

                                     = 18 by 10

                                     (18 divided by 10 = 1.8)

                                     = the 20% of 9$ is equal to 1.8

                                        when subtracted with the total cost leaves 7.2$

all the angles of polygon of 30 sides are equal what is the measure of each angle​

Answers

Answer:

(30-2)*180 calculate and get ur answer

0.87 written as a fraction

Answers

Answer:

[tex] \frac{87}{100} [/tex]

Step-by-step explanation:

Convert to a mixed number by placing the numbers to the right of the decimal over 100. Reduce the fraction.

Hope it is helpful...

Answer:

87/100

Step-by-step explanation:

Pleaseee helpppp!!! 20 points

Answers

Answer:

The correct option is (A).

Step-by-step explanation:

The given expression is :

[tex]\dfrac{14x^4y^6}{7x^8y^2}[/tex]

The numerator contains 14x⁴y⁶ and the denominator is 7x⁸y².

We can write it as :

[tex]\dfrac{14x^4y^6}{7x^8y^2}=\dfrac{7\times 2\times x^4\times y^2\times y^4}{7x^4\times x^4\times y^2}[/tex]

Canceling the common terms,

[tex]=\dfrac{2y^4}{x^4}[/tex]

So, the correct option is (A).

A salesman with an annual base salary of $35,000 gets a 5% commission on the first $600,000
in sales, a 7% commission on the next $300,000, and 8% on sales above $900,000. What would
be his total compensation for the year if he sold $1 million of product?

Answers

Answer:

11%

I think im sorry if im wrong

Step-by-step explanation:

Noah is carrying a bag that weighs 2.5 pounds. What is the weight of the bag equal to?
A. 30 oz.
B. 40 oz.
C. 50 oz.
D. 60 oz.

Answers

Answer:

B. 40 oz.

Step-by-step explanation:

B. 40 oz. (1 pound = 16 ounces)

Which of the following rational functions is graphed below?
A. F(x) =1/(x-4)^2
B. F(X) =1/(x + 4)^2
C. F(X) = 1/4x^2
D. F(x) = 4/x^2

Answers

Answer to your question is B. f(x)= 1/(x+4)^2

The equation of the rational function is f(x) = 1/(x + 4)^2

How to determine the graph?

From the figure, we have the following property:

Vertical asymptote at;

x = -4

Add 4 to both sides

x + 4 = 0

Square both sides

(x + 4)^2 = 0

The above means that the denominator of the equation of the graph is (x + 4)^2

So, we have:

f(x) = 1/(x + 4)^2

Hence, the equation of the rational function is f(x) = 1/(x + 4)^2

Read more about rational function at:

https://brainly.com/question/1851758

#SPJ6

NO LINKS OR ELSE YOU'LL BE REPORTED! Only answer if you're very good at math.

A student divided f(x) = 3x^3 + 8x^2+ 5x - 4 by x+ 2 and found the remainder was r= -6.Based on the remainder theorem, what can be concluded about f(x)?

A: The function f(x) = 3x^3 + 5x- 4 has a zero at -6.

B: The point (-2,-6) lies on the graph of f(x).

C: The y-intercept of the graph of f(x) is -6.

D: The function f(x) = 3x^3 + 8x^2 + 5x - 4 has a zero at -2.​

Answers

Answer:

b

Step-by-step explanation:

Need help
Even
Odd
Neither

Answers

Answer:

Odd function

Step-by-step explanation:

....

Which of the following is an example of a conditional statement?

Answers

Answer:

The correct answer is A, If I practice football, then I will improve.

What is 17.445 - 6.76 rounded to the nearest tenth

Answers

Answer:

10.7

Step-by-step explanation:

17.445 - 6.76= 10.685

10.685 is 10.7 when rounded to the nearest tenth!

Use the expression below to answer the question.

6n(19−8)÷3=22
In describing the expression, which term would not be used?



a.difference

c.product

b.sum

d.quotient

Answers

Answer:

b sum

Step-by-step explanation:

Luisa is planning a bridal shower for her best friend. At the party, she wants to serve 3 beverages, 3 appetizers, and 3 desserts, but she does not have time to cook. She can choose from 15 bottled drinks, 10 frozen appetizers, and 13 prepared desserts at the supermarket. How many different ways can Luisa pick the food and drinks to serve at the bridal shower

Answers

Answer:

Luisa can pick the food and drinks to serve at the bridal shower in 15,615,600 different ways.

Step-by-step explanation:

Fundamental counting principle:

States that if there are p ways to do a thing, and q ways to do another thing, and these two things are independent, there are p*q ways to do both things.

Also

The order in which the food and drinks are chosen is not important, which means that the combinations formula is used to solve this question.

Combinations formula:

[tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

Beverages:

3 from a set of 15. So

[tex]B = C_{15,3} = \frac{15!}{3!12!} = 455[/tex]

Appetizers:

3 from a set of 10. So

[tex]A = C_{10,3} = \frac{10!}{3!7!} = 120[/tex]

Desserts:

3 from a set of 13. So

[tex]D = C_{13,3} = \frac{13!}{3!10!} = 286[/tex]

How many different ways can Luisa pick the food and drinks to serve at the bridal shower?

By the fundamental counting principle, as beverages, appetizers and desserts are independent:

[tex]T = B*A*D = 455*120*286 = 15,615,600[/tex]

Luisa can pick the food and drinks to serve at the bridal shower in 15,615,600 different ways.

Match each pair of equations with the property that justifies why they are equivalent.

Not all properties will be used.

Answers

9514 1404 393

Answer:

subtractionmultiplicationcombine like terms

Step-by-step explanation:

The properties of equality say the value of the variable does not change if the same function is performed on both sides of the equal sign.

a) 4x +7 = 19   ⇒   4x = 12

The value -7 was added to both sides. Equivalently, 7 was subtracted from both sides. The Subtraction Property of Equality was used.

__

b) 2x/3 = 8   ⇒   2x = 24

Both sides were multiplied by 3. The Multiplication Property of Equality was used.

__

c) 5x -6 +2x = 22   ⇒   7x -6 = 22

Terms 5x and 2x were combined and written as 7x. We call this Combine Like Terms.

Ordinary least squares estimation is subject to heterogeneity bias if _____. 答案选项组 the regression model exhibits heteroskedasticty the unobserved effect is correlated with the observed explanatory variables the regression model includes a lagged dependent variable the explanatory variables do not change over time

Answers

Answer:

Unobserved effect.

Step-by-step explanation:

The unobserved effect of heterogeneity is correlated with the observed explanatory variables. Population heterogeneity is bias in unobserved pre treatment factors which affect the outcome even without treatment.

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