flamejetrocket2 flamejetrocket2

02-04-2020
Mathematics

contestada

Jacey gets a $500
loan at a simple
annual interest
rate of 5%. She will
pay back the loan
in equal monthly
payments over one
year. How much is
each payment?

Respuesta :

lilgunter12 lilgunter12

02-04-2020

Answer:

She will have to pay 43.75$ monthly to fully pay the loan back in one year.

Step-by-step explanation:

5% of 500$ is 25 dollars.

add 500 + 25 = 525

divide 525 / 12 to represent the months of a year. = 43.75$

Answer Link

Otras preguntas

Sociologists distinguish between these three types of norms: a. Folkways, mores, and laws. c. Mores, laws, and cultural traits. b. Cultural traits, folkways,

how big can sharks get

What is the name of Newton's first law of motion? A. law of inertia B. law of acceleration C. law of objects at rest D. law of opposing forces

which is a true statement about the open door policy

What is twenty hundreds times eight tens

Maurice plans to become a professional wrestler and wants to build his strength. Which is the best strategy for Maurice?

To escape from a planets gravity on object must rach a speed called the

why is it important for all animals to behave differently? plz help i need this answered asap

Andrea has 17.8 oz of dough. How many circles of dough can she cut that are 3.9 oz each? Round to the nearest hundredth.

What role does cellular respiration play in the carbon cycle? It removes CO2 from the atmosphere during glycolysis. It removes CO2 from the atmosphere during th