Mrs. Rolle purchases a car which costs $10,000. She pays a deposit of $2,000. She borrowes the rest from the bank at a simple interest rate of 12% per annum for three years.
a) I. How much money does she burrow from the bank?
II. Calculate the simple interest on the Principal.
b) How much does she repay the bank altogether?
c) She makes equal monthly payments of $300 except for the final month. How much is her final payment?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mrs. Rolle purchases a car which costs $10,000. She pays a deposit of $2,000. She borrowes the rest from the bank at a simple interest rate ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is the intersection of the sets A={2,3,5,7,11} and B={5,11,13,15,17}
Answers (1)
A 9-foot piece of wood is cut into 5 equal sections. Which equation shows how to find the number of feet in each section?
Answers (1)
Danika has saved enough money to pay cash for a used car. She wants to buy a car that costs four thousand nine hundred dollars before taxes.
Answers (2)
Let X represent the time it takes from when someone enters the line for a roller coaster until they exit on the other side. Consider the probability model defined by the cumulative distribution function given below. 0 x < 3 F (x) = (x-3) / 1.
Answers (1)
What is 1-1/2 times 55
Answers (2)
New Questions in Mathematics
The original price of a motorcycle was reduced by $275. The new discounted price is $1329.
Answers (1)
What is the capacity of the cube in liters 9 cm
Answers (1)
Which is the best estimate of the difference between 6 7/8 and 2 1/8
Answers (1)
Ally saved 60 percent of the cost for a cell phone. If she saved $105, what is the cost of the phone?
Answers (1)
What is the value of the underlined digit? 45,769,331. The 6 is underlined.
Answers (2)