Mr. Fitch needs to get a loan to replace the air-conditioning system in his home. The cost of the replacement, including installation, is $4,348.00. He can apply for a 5- year loan or a 3-year loan. Both loans involve simple interest with an annual interest rate of 6.5%. If Mr. Fitch applies for the 5-year loan, how much more will he pay in interest than with the 3-year loan? F. $704.98 G. $565.24 H. $2,260.96 J. $56,524.00

Answers

Answer 1

Answer: g

Step-by-step explanation:

4348x.065=282.62

282.62x5=1413.1

282.62x3=847.86

1413.1-847.86=565.24

Answer 2

Compared to a 3-year loan he has to pay G. $565.24 more for a 5-year loan.

What is simple interest?

We know simple interest (SI) is given by SI = (p×r×t)/100, where

p = principle, r = rate in percentage, and t = time in years.

Given, Mr. Fitch needs to get a loan to replace the air-conditioning system.

He can apply for a 5- year loan or a 3-year loan. Both loans involve simple interest with an annual interest rate of 6.5%.

Here, p = $4,348.00, r = 6.5%, t₃ = 3 and t₅ = 5.

For, t₃.

SI₃ = (4348×6.5×3)/100.

SI₃ = $847.86.

For, t₅.

SI₅ = (4348×6.5×5)/100.

SI₅ = $1,413.1.

So, the amount of interest he will have to pay more is (SI₅ - SI₃).

=  $(1,413.1 - 847.86).

= $565.24.

learn more about simple interests here :

https://brainly.com/question/11564235

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Related Questions

Find the equation of the line shown above.

Answers

Answer:

y = x + 6

Step-by-step explanation:

The equation for a line in y-intercept form is y = mx + b, where m is the slope and b is the y-intercept.

The slope of the line shown is 1/1 (which simplifies to 1).

The y-intercept is 6.

You would write the equation as y = x + 6.

2a - 7d = 3d solve for a

Answers

Answer:

a=5

Step-by-step explanation:

Answer:

A=5

Step-by-step explanation:

Hope this helps! (:

Please someone help me! Will give brainlist =)

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Answer:

1) b

2) c

3) d

4) a

Step-by-step explanation:

divide!

is negative 19 a natural number​

Answers

Answer:

No, -19 is not a natural number.

Step-by-step explanation:

A natural number is an integer greater than 0. Natural numbers begin at 1 and increment to infinity: 1, 2, 3, 4, 5, etc. Natural numbers are also called "counting numbers" because they are used for counting.

Answer:

The natural numbers (or counting numbers) are the fundamental mathematical set on which all other arithmetic is based. They do not include negative numbers. (The set of integers provides negative numbers.)

Step-by-step explanation:

hope this helps : )

A number more than 12
#1. N+12
#2. 12N
#3. 12+N
#4. 12-N

Answers

Answer:

#3:  12 + N

Step-by-step explanation:

Adding a number n to 12 results in "a number more than 12."

Thus, the correct answer is #3.

PLEASE MARK AS BRAINLEST Rectangle ABCD is graphed in the coordinate plane. The following are the vertices of the rectangle: A(-4, -2) B(-2, -2) C(-2, 7) and D(-4, 7).What is the area of rectangle ABCD?

Answers

A(-4,-2) B(-2,-2) C(-2, 7) D(-4, 7)

|AB| = √((-2-(-4))^2 + (-2 - (-2))

= √((2)^2 + 0^2) √4

= 2 units

|BC| = √((-2 - (-2))^2 + (7 - (-2))^2

= √5^2 = √25

= 5units.

Let |AB| = The length of the rectangle.

|BC| = The Width of the rectangle.

Hence Area = |AB| × |BC|

Area = 2 × 5 = 10 square units.

a principle of $8000 is invested in an account paying an annual percentage of 5%

Answers

The answer would be $400 if your trying to know what 5% is in 8000.


What is the sum of
O A 124
B.
29
5
O C.
0
D. -1 24

Answers

Answer:

D

Step-by-step explanation:

               

Which is bigger: 7/15 or 7/10? QUICK ANSWER.

Answers

Answer:

7/10 is bigger.

Please HELP I DONT UNDERSTAND ?????

Answers

Answer:

43521

Step-by-step explanation:

A certain county has a population of 34,237 people. The county hospital is interested in estimating the number of people in the county with​ blood-type A−. To do​ this, they test blood samples from 245 patients. Out of this​ group, 12 have​ blood-type A−. Use this sample to estimate the number of people in the county with​ blood-type A−.

Answers

Answer:

About 1677 people in the county will have blood-type A−.

Step-by-step explanation:

From the question, 12 out of 245 patients have blood-type A−.

To estimate the number of people in the county which has a population of 34,237 people with blood-type A−, we will assume that for every 245 people out of the 34,237 people, 12 of them have blood-type A−.

Let the number of people with blood-type A− in the county be x.

Now,

If 12 people out of 245 people have blood-type A−

Then, x people out of 34237 people will have blood-type A−

245 × x = 34237 × 12

245x = 410844

x = 410844/245

x = 1676.9

x ≅ 1677

Hence, about 1677 people in the county will have blood-type A−.

PLS HELP HURRY ILL MAKE AS BRAINLESS WAHST THE ANSWER TO THESE 2 QUESTIONS

Answers

Answer:

all you have to do is use a calulater i dont remember how to do that sorry

Step-by-step explanation:

Answer:

868.5 cm²

Step-by-step explanation:

convert 450 mm to cm.

45

calculate

45 × 38.6

1737

then divide by 2 because this is a triangle.

1737 ÷ 2

868.5

The area of this figure is 868.5cm²

Hope this helps!

Have a nice day!

If you find my answer helpful

Pls consider marking my answer as Brainliest! It would mean a lot!

The sequence below represents Marisa’s fine at the library for each day that she has an overdue book:

$0.50, $0.65, $0.80, $0.95, $1.10, ...

Which equation represents Marisa’s library fine as a function of a book that is n days overdue?

Answers

Answer:

x + $0.15

Explanation:

If you see well $0.15 + $0.50 = $0.65

and then $0.65 + $0.15 = $0.80

Answer:

f(n) = 0.15n + 0.35

Step-by-step explanation:

Which one of these relationships is different than the other three?

Answers

Answer:

A

Step-by-step explanation:

Donna looks at the store ad. She sees that apples are 4 pounds for $3.32. How much does she pay per pound?

Answers

Answer:0.83cents

Step-by-step explanation:

when you divide 3.32 by 4 you get 0.83cents

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Answers

Answer:

4.36 to 4.46

good luck buddy

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Answers

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(5) Describe the intersection of A and B

Answers

Answer:

 A', is the set of all elements in the given universal set U .

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Please if it's wrong then tell me no need of marking as a brainist if it's a wrong .Please if it's wrong then tell me no need of marking as a brainist if it's a wrong .if it's correct having no doubt in this answer then you can mark me as a brainist and follow me any doubt ask me I am ready for it.

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ox5
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2
=
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Answers

The answer is 18 for this

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Answers

Answer:

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<3

Step-by-step explanation:

Oh that’s easy the answer is -6 just subtract six from all the answers and then you’ll get the corresponding answer below it

Provide the domain and range for the following relation

Answers

Answer:
Domain [-6,4]
Range [5,-5]
hope this helped! if it’s right pls mark me brainliest <3

The price of a snowsuit is reduced by $28.38.
This is a discount of 33%.
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b) What is the sale price of the snowsuit, including taxes?

Answers

Answer:

a) 86$

b) 57.62$ , without tax because the percentage of tax is no given

Step-by-step explanation:

Answer:

86$             66.26$

Step-by-step explanation:

What is the rate of change (slope, m) for the table below?

Answers

Answer:

3

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Change in y over change in x

A televison that regularly sells for $749 is

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Answers

Answer:

$239.68 or 32%

Step-by-step explanation:

749÷100=7.49   7.49×85=636.65

636.65÷100=6.3665

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Answers

Answer:

A)  x³+y³

Step-by-step explanation:

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Answers

Answer:

a^m-n

Step-by-step explanation:

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Answer:

[tex]\frac{xy^4}{5}[/tex]

Step-by-step explanation:

Step 1- The x variables cross each other out.

Step 2- y^5-y= y^4

Step 3- 15÷3= 5

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Answer:

Here are the graphs

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I need a good teammate on vanis.io its like agar.io but its not must use my clan tag ༺קØƤ༻ please help!!

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bet i will join when im done with my quiz

a city has 8984 recycle bins the city gives half of the recycle bins to its citizens the rest of the recycle bins are divided into 25 groups for city parks .How many recycle bins are left over?​

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Answer:

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Step-by-step explanation:

uyityuityuituityuityuityui

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