flamejetrocket2
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 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

La fonética es la disciplina que estudia ——
Please help, i will mark you brainiest, thank you!!
help please it due rn!?​
can someone answer my questions please ._.
Help Im Struggling Will Mark Brainliest please Show work
what served as a major inspiration for early blues music
The _______ of the Earth causes the sun to appear in the sky at a slightly different spot every day.
Im going to cry... I need help..
2 Which of the following is an extremely high-pitched sound played on a musical instrument? Orthian Boeotia Talents OPynx
What is the average speed of a car that travels 150 meters in 5 seconds