You are negotiating a loan with a bank officer. The loan is at a moderate interest rate, and the term of the loan is six months. The bank officer tells you your monthly payment. Explain how you can quickly check whether or not the figure the bank officer gave you is reasonable. Choose the best answer.


A. Move the decimal point one place to the left. This is a reasonable estimate.

B. Multiply the interest rate by 100 and divide by 6. This should be the approximate amount of the payment.

C. Divide the loan amount by 6. This is the maximum you will be paying.

D. Divide the loan amount by 6. This is the minimum you will be paying.

Answers

Answer 1

Answer:

Step-by-step explanation:

I have this answer too and it's not B or D. So it might be A or C

Answer 2

To figure out if the figure the bank officer gave you is reasonable, divide the loan amount by 6. This is the minimum you will be paying.

According to the question, the tenure of the loan is six months. The borrower is expected to pay back a fraction of the principal and interest each month. This is the maximum amount that the borrower can pay.

The minimum amount that the borrower can pay each month is obtained by dividing the loan amount by six .

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Related Questions

Write an equation of the line that passes through (4, 5) and is perpendicular to the line y = -4x+6.
An equation of the perpendicular line is y=

Answers

Y = -1/4x + c
5 = -1/4 x 4 + c
5 = -1 + c
c = 6
y = -1/4 + 6

To raise money for after-school programs at an elementary school, a group of parents is holding a weekend of games in a community center. They charge $8 per person for entry into the event. The group would like to earn at least $600, after paying for the cost of renting the space, which is $40 an hour. If x represents the number of entry tickets sold and y the hours of space rental, which inequality represents the constraints in the situation? Group of answer choices 8x-40y 600 8x-40y > 600

Answers

Answer:

[tex]8x-40y\geq 600[/tex] and [tex]x>0,y>0[/tex]

Step-by-step explanation:

The number of people is [tex]x[/tex] and the number of hours they are present in the space is [tex]y[/tex].

Per person entry cost is $8.

Per hour cost of rent is $40.

They plan to earn a minimum of $600.

Donations by all the people entering the space is [tex]8x[/tex]

Total cost of renting the space is [tex]40y[/tex] which will be subtracted from the total amount of donations.

The inequality that represents the situation is [tex]8x-40y\geq 600[/tex] and [tex]x>0,y>0[/tex].

-1 + -4 I also need a example thank you everyone for your help

Answers

Answer:

-5

Step-by-step explanation:

-1 +-4=-5

Answer:

THE ANSWER YOU WOULD GET IS -5

BECAUSE THE BIGGEST NUMBER ALSO HAS A NEGATIVE SO THE ANSWER WOULD BE NEGATIVE

Step-by-step explanation:


Need some help anyone can help ASAP ?

Answers

Answer:

first one np

Step-by-step explanation:

not sure how to explain but ik it gonna take very long to

Complete the long division problem on your own sheet of paper. Then, fill in the digits.

Answers

Answer:

1864 R 2

Step-by-step explanation:

Margie walked 3.75 miles on Tuesday morning. On Wednesday morning, she walked 1.2 times as far as she did on Tuesday. How far did she walk on Wednesday?

Answers

she walked 4.5 miles. just multiply the miles she walked Tuesday by 1.2.

There is a dice game at the casino that costs $3 to play. A player rolls two dice. If the player gets a sum of 2 or 12 he or she gets back $ 28 (wins $25). the person gets a 7he or she gets back $5 (wins $2). If the player rolls anything other than a 2, 12 or 7 he or she gets nothing back (loses $3). Find the expected value for the player?

Answers

Answer:

The expected value for the player is -$0.63.

Step-by-step explanation:

The dice game has the following rules:

The game costs $3 to play. A player rolls two dice. If the player gets a sum of 2 or 12 he or she gets back $ 28 (wins $25). If the person gets a 7 he or she gets back $5 (wins $2). If the player rolls anything other than a 2, 12 or 7 he or she gets nothing back (loses $3).

The outcomes for a sum of 2 or 12 are: {(1, 1) and (6, 6)}

The probability of a sum of 2 or 12 is: 2/36 = 0.055.

The outcomes for a sum of 7 is: {(1, 6), (2, 5), (3, 4), (4, 3), (5, 2) and (6, 1)}

The probability of a sum of 7 is: 6/36 = 0.167.

The probability of a sum other than 2, 12 or 7 is: 1 - 8/36 = 0.778

The probability distribution is:

        Result          X         P (X)

Sum 2 or 12        $25       0.055

   Sum 7               $2        0.167

   Others             -$3       0.778

    Total                             1.000

Compute the expected value as follows:

[tex]E(X)=\sum x\cdot P(x)\\\\[/tex]

          [tex]=(25\times 0.055)+(2\times 0.167)+(-3\times 0.778)\\\\=1.375+0.334-2.334\\\\=-0.625\\\\\approx -0.63[/tex]

Thus, the expected value for the player is -$0.63.

I WILL MARK BRAINIEST

Answers

It’s 2x the size I believe :)

20 x 10 = 40 x 1

(True/False)

Answers

Answer:

false

Step-by-step explanation:

20 × 10 = 200

40 × 1 = 40

Y=1200 x (1+0.3)^t

What is the initial value and what is the rate of growth

Answers

Answer:

initial value is 1200, rate of growth is 0.3

Step-by-step explanation:

A(t) = P(1+r)^t

p= initial value

r= rate of growth

A(t)= amount after

t= time

The initial value is 1200 and rate of growth is 0.3.

What is Exponential function?

An exponential function is a mathematical function of the following form: f ( x ) = [tex]a^x[/tex] where x is a variable, and a is a constant called the base of the function. The most commonly encountered exponential-function base is the transcendental number e

Given:

Function: Y=1200 x [tex](1+0.3)^t[/tex]

Now, We know using the Amount formula

A(t) = P[tex](1+r)^t[/tex]

where, p= initial value

r= rate of growth

A(t)= amount after

t= time

Then, Comparing it to the given function we have

Initial Value = 1200

and, Rate of Growth = 0.3

Learn more about Exponential function here:.

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In the diagram, L= N and would be the Reason for Statement 4? Explain with
Stem
As
WONOM
AR

Answers

Answer:

Option (3)

Step-by-step explanation:

                   Statements                              Reasons

1). ∠L ≅ ∠N                                         1). Given

2). ∠LOM ≅ NMO                              2). Given

3). MO ≅ MO                                     3). Reflexive property of congruence

4). ΔLMO ≅ ΔNOM                           4). AAS postulate of congruence

Therefore, Option (3) will be the correct option.

The amount of chlorine needed to treat a swimming pool is directly proportional to the volume of the poolWhat is the constant of proportionality for this relationship

Answers

The amount of chlorine needed to treat a swimming pool is directly proportional to the volume of the poolWhat is the constant of proportionality for this relationship

The answer to this question is 0.002

What number is 28.5% of 460?

Answers

131.5

Using proportions or 28.5/100 = x/460 to solve

Answer:

131.1

Step-by-step explanation:

Step 1: Our output value is 460.

Step 2: We represent the unknown value with $x$.

Step 3: From step 1 above,$460=100\%$.

Step 4: Similarly, $x=28.5\%$.

Step 5: This results in a pair of simple equations:

$460=100\%(1)$.

$x=28.5\%(2)$.

Step 6: By dividing equation 1 by equation 2 and noting that both the RHS (right hand side) of both

equations have the same unit (%); we have

$\frac{460}{x}=\frac{100\%}{28.5\%}$

Step 7: Again, the reciprocal of both sides gives

$\frac{x}{460}=\frac{28.5}{100}$

$ x=131.1$

Meaning that 28.5 of 460 is 131.1

One day at school you make the observations that kids in 12th grade are taller than kids in 9th grade. What does this illustrate?
A. causation
B. correlation
C. relationships
D. coefficients

Answers

Answer: B correlation

Answer:

correlation

Step-by-step explanation:

Find the slope! I really need help fast

Answers

Answer:

C

Step-by-step explanation:

goodluck

Yeah I believe the answer is C as well

*PLEASE HELP*

Write each product using the Distributive Property. Then simplify.

8(56)

13(16)

Answers

8 x 56 = 400 + 48 = 448 8(56)

13 x 16 = 130 + 78 = 208 13(16)

Luis drew a rectangle on his paper that was 112 cm by 16 cm. What is the area and the perimeter of the rectangle that Luis drew on his paper?




PLEASE HELP ME OUT!! THIS IS DUE TODAY!​

Answers

Answer:

Area - 1,792 Perimeter-256

Step-by-step explanation:

Area

length x width 112 x 16 =1,792

Perimeter

length x2 width x2 then add answers together

112x2 +16x2 =256

what expresson is equivilent to 3(x + 4) A: 3x + 4 B: 3x + 12 C: 3x + 4x D: 3 +x + 4

Answers

Answer:

The answer is B. 3x+12

Step-by-step explanation:

you have to use the distributive property for this

3 times x and 3 times 4 equals 3x+12

Solve for g
.............

Answers

Answer:

g=P^2/m

Step-by-step explanation:

P^2=mg

g=P^2/m

Help
Pls will mark brainliest!!!

Answers

CStep-by-step explanation:

PLEASE HELP (GIVE STATEMENT AND REASON TOO)

Answers

Answer: twp is a isosceles because t-w and t-p are the same length

Step-by-step explanation:

Please help fast. 10 points.

Answers

Answer: D

Step-by-step explanation:

Answer:

commutative property

Step-by-step explanation:

you're welcome

Determine the 10th term of the sequence 3, 6, 12,

Answers

Answer:

[tex]1536[/tex]

Step-by-step explanation:

In order to find the answer to this question you need to find the rule then apply that rule in till you find the 10th term of the sequence.

Rule = ×2

[tex]3\times2=6\times2=12\times2=24\times2=48\times2=96\times2=192\times2=384\times2=768\times2=1536[/tex]

[tex]=1536[/tex]

Hope this helps

Which of the following is an equivalent equation obtained by completing the square of the expression below? x^2+6x−8=0 A (x+3)^2=8 B (x+3)^2=17 C (x+3)^2=1 D x^2+6x+6=14

Answers

Answer:

Solving the equation [tex]x^2+6x-8=0[/tex] by completing the square method we get [tex]\mathbf{(x+3)^2=17}[/tex]

Option B is correct option.

Step-by-step explanation:

We need to solve the equation [tex]x^2+6x-8=0[/tex] by completing the square method.

For completing the square method: we need to follow: [tex]a^2+2ab+b^2=(a+b)^2[/tex]

We are given:

[tex]x^2+6x-8=0[/tex]

Solving by completing the square

[tex]x^2+2(x)(?)+(?)^2-8=0[/tex]

We need to find ? in our case ? is 3 because 2*3= 6 and our middle term is 6x i,e 2(x)(3)=6x.

So, adding and subtracting (3)^2

[tex]x^2+2(x)(3)+(3)^2-8-(3)^2=0\\(x+3)^2-8-9=0\\(x+3)^2-17=0\\(x+3)^2=17[/tex]

So, solving the equation [tex]x^2+6x-8=0[/tex] by completing the square method we get [tex]\mathbf{(x+3)^2=17}[/tex]

Option B is correct option.

Answer:b

Step-by-step explanation:

At a graduation​ dinner, an equal number of guests was seated at each of 5 large​ tables, and ​late-arriving guests were seated at a smaller table. There were 44 guests in all. If n represents the number of people seated at each of the large​ tables, what equation could you use to find the value of​ n?

Answers

Answer:

5n = 44

Step-by-step explanation:

I'm sorry if this is the wrong answer. :(

NEED HELP PLZ!! 50 POINTS

Answers

Answer:

its only 25 i got you ill comment the answer

Step-by-step explanation:

Answer:

1. 4x²+2x-2

2. 7x+1

Step-by-step explanation:

If a =5i + mj - 2k and b=10i+63-4k, find
a) axb
b) The value of mif a and bare parallel to one another.​

Answers

Answer:

B

um belo dia abençoado

Can someone please help, ty!!
(Will mark brainliest)

Answers

Answer:

florida

Step-by-step explanation:

the median is the middle pine in the box plot

reflect triangle stu across line st which of these is a valid reason why the image u will coincide with j
1 the image u and j are on the same side of st and make the same angle with it at t
2 the image u and j are the same distance along the same ray from t
3 the image of u and j will not coincide after a reflection over st
4 none of the above ​

Answers

Answer:

4. None of the above

Step-by-step explanation:

Reflection is a type of transformation that can be used to change the orientation of a given figure or shape without changing it size and shape.

When triangle STU is reflected across ST, the image U coincides with J because the two are on the opposite side and at the same distance from ST. Therefore, J is like the image of U.

Given a slope and a point write a perpendicular equation in standard form.
slope: -2/5
point: (-5,3)

Answers

Hi there! The answer would be:

y=-2/5x+2.

Explanation:
We can start by plotting the given point (-5,3). From there, we can use the slope to place other points to find the y intercept. Using the slope of the graph, we can find that the line segment hits (2,0). Therefore, how answer would be: y=-2/5x+2

Hope this helps!!! :DD
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