Terry and Jim have two car loans totaling $ 26,004.
One loan has an annual percentage rate (APR) of 3.1 % and the other has an APR of 7%.
If the total interest they paid after one year is $1,481.25, what is the amount owed on each car?
(1 = PRT. Note t = 1 year).
Answer needed right away!! With explanation

Answers

Answer 1

The annual percentage rate is the interest rate for payment for the car

loan.

The mount owed on the car with an APR of 3.1% is approximately $8,693.08.

The mount owed on the car with an APR of 7% is approximately $17,310.92.

The given parameters are;

The amount of loan Terry and Jim have = $26,004

The annual percentage rate (APR) on one loan = 3.1 %

The annual percentage rate (APR) on the other loan = 7 %

Total interest paid after one year = $1,481.25

Required:

The amount owed on each car

Solution:

Let X represent the loan, with 3.1% APR, we have;

The other loan with 7% APR = 26,004 - X

Therefore;

0.031·X + 0.07·(26,004 - X) = 1,481.25

0.031·X + 1,820.28 - 0.07·X = 1,481.25

1,820.28 - 1,481.25 = 0.07·X - 0.031·X = 0.039·X

339.03 = 0.039·X

[tex]X = \dfrac{339.03}{0.039} \approx 8693.08[/tex]

Therefore;

The amount owed on the car with an APR of 3.1%, X ≈ $8,693.08

Therefore;

The amount owed on the car with an APR of 7% ≈ 26,004 - 8693.08 =

17310.92.

The amount owed on the car with an APR of 7% ≈ $17,310.92

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Answer:

No

Step-by-step explanation:

If the U.S goes in a gold standard it can put the whole state in a crises

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First is death valley it goes on the bottom, next is New Orleans its after death valley, Next is Washington it goes in the middle, next is Dublin its after Washington, Lastly is Paris it goes on the top

Step-by-step explanation:

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Answer:

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Its easy

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Answer:

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Answer:

4√6

Step-by-step explanation:

√6 is a common factor on either side of the plus sign.

Therefore you can use the distributive property to get it out as a common factor. If you do not know what the distributive property is, then you can just say that √6 is a common factor.

√6(1 + 3)            Combine the like terms in the brackets.

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Answer:

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Step-by-step explanation:

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There were 5 times the number of students in ninth grade at the soccer game. How many students attended the soccer​ game? It dosent tell me the previous number and it only gave me one.

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Answer

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Step-by-step explanation:

5 x 5 = 25 I think

Answer:

We’ll you can not physically or mentally get a answer

Step-by-step explanation:SORRY

Q2). Let A={1,2,3,4} B={a,b,c} which of the following are relation from B to A?
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Step-by-step explanation:

Given sets are :

A = {1,2,3,4} and B = {a,b,c}

(i)

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5*-3=-15

x=-15

hope this helps

Answer:

x = -15

Step-by-step explanation:

[tex]\frac{x}{5}=-3~(Given)\\\\5(\frac{x}{5})=5(-3)~(Multiply~5~on~both~sides)\\\\x=-15~(Simplify)[/tex]

HELP ASAP
I WILL GIVE BRAINLIEST



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101235
7.
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5
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Answer:

4th option

Step-by-step explanation:

2x-5 means yo have to take minus 5 twice. So you start from 0 and jump back 5 steps twice. So 4

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Answer:

V=2(pi)(r)(h)+2(pi)(r^2)

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Step-by-step explanation:

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X = 28. Hope that helps

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Covert fractions to percents
3/8=__

Answers

Answer: [tex]\frac{3}{8}[/tex] = 37.5%

Step-by-step explanation:

Convert the fraction into a percentage.

[tex]\frac{3}{8}[/tex] = [tex]\frac{x}{100}[/tex]

Solve for x:

[tex]\frac{3}{8}[/tex] = [tex]\frac{x}{100}[/tex]

3 × 100 = 300300 ÷ 8 = 37.5

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Answer:

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Step-by-step explanation:

Question 2
Which statement best explains
why the sum of the areas of the
two white squares in Figure 2 is
the same as the area of the white
square in Figure 1?

The combined area of the four triangles is equal to the area of the large white
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Answers

Answer:

the third option

Step-by-step explanation:

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Answer:

y = 2x + 3

Step-by-step explanation:

In the slope-intercept form of the equation of a line,

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BEST ANSWER GETS BRAINLIEST!!!!

A store is having a sale on trail mix and jelly beans. For 3 pounds of trail mix and 8 pounds of jelly beans, the total cost is $31. For 5 pounds of trail mix and pounds of 2 jelly beans, the total cost is 12. Find the cost for each pound of trail mix and each pound of jelly beans.

Answers

Answer:

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Let's solve your system by elimination.

Multiply the second equation by -4, then add the equations together.

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Step-by-step explanation:

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Step-by-step explanation:

Can you type in the question please and ty

❗❗CORRECT ANSWER+EXPLANATION=BRAINLIEST❗❗
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The simplified form of the function is [tex]f(x) = \frac{x+3}{x}[/tex]

Functions and equation

Given the following function as shown:

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This can be factorized as:

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Cancel out the common terms:

[tex]f(x) = \frac{x+3}{x}[/tex]

Hence the simplified form of the function is [tex]f(x) = \frac{x+3}{x}[/tex]\

Learn more on functions here: https://brainly.com/question/10439235

Hi Phoenix! :)

I'm much late lol.

Answer:

[tex]\boxed{ \cfrac{x + 3}{x}} [/tex]

Step-by-step explanation:

Given:

[tex] \cfrac{x {}^{2} - 9}{x {}^{2} - 3x } [/tex]

Solution:

[Here the best option is to factorise the expression.]

Rewrite the numerator of the expression as

[tex] \cfrac{x {}^{2} - 3 {}^{2} }{x {}^{2} - 3x} [/tex]

It can be seen that the numerator is like an algebraic identity:

> a² - b² = (a+b)(a-b)

ATP, numerator : a = x² and b = 3²

[tex] \cfrac{(x + 3)(x - 3)}{ {x}^{2} - 3x} [/tex]

Now in the denominator take x common:

[tex] \cfrac{(x + 3)(x - 3)}{x(x - 3)} [/tex]

(x-3) in the denominator and (x-3) in the numerator gets canceled.

[tex] \cfrac{(x + 3) \cancel{(x - 3)}}{x \cancel{(x - 3)}} [/tex][tex] \boxed{\cfrac{x + 3}{x} }[/tex]

Welp,Done, that's it! :D

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Answers

Answer:

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Step-by-step explanation:

Let t and c represent the price of a table and a chair, respectively. The given relations are ...

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Divide the first equation by 2 and substitute for 2t:

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The total price of a chair and a table is ...

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NEED HELP ASAP! TYSM IF YOU DO

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Answers

Answer:

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Step-by-step explanation:

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Equation 2: x = 5 (about)

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Hopes this helped love

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Answer:

40%

Step-by-step explanation:

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Answer:

The last one is incorrect

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The answers would be 480

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Learn more about maths in https://brainly.com/question/21477139

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Answers

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Answers

Step-by-step explanation:

i think this is the answer

Answer:

Zero

Step-by-step explanation:

Obtuse angle is the angle greater than 90°.

A right triangle has one 90° and the sum of remaining angles is 90°.

It means a right triangle can't have an obtuse angle.

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