A bank charges 12% Simple interest p.a on cash loans to its clients.tito has asked for R10000loan amount and has promised to repay the the loan over 4years


Calculate the interest which Tito has to pay on loan ?


Determine the total amount to be paid back



Determine the monthly repayment amount

Answers

Answer 1

If Tito took a loan of $10000 from a bank to be repaid within 4 years, at 12% Simple interest per annum, then, he will have to pay overall $4800 as interest to the bank over 4 years and a total payment of $14800 at the end of the 4th year to repay and close off the loan.

As per the question statement, a bank charges 12% Simple interest per annum on cash loans to its clients and Tito took a loan of $10000 from the same bank to be repaid within 4 years.

We are required to calculate the overall interest Tito has to pay to bank if he repays and closes the loan at the end of 4th year, and also to calculate the total payment required to repay and close off the loan at the end of the 4th year.

To solve this question, we need to know the formula to calculate the interest amount in case of simple interest which goes as

Interest (I) [tex]=(\frac{P*R*T}{100} )[/tex]

where, "P" = Principle amount of Loan,

"R" = Rate of simple interest charged on the principle per annum, and

"T" = Time period within which, the loan is to be repaid.

Here, (P = 10000), (R = 12%) and (T = 4). Then, the overall interest Tito will have to pay at the end of 4th year  = [tex](\frac{10000*12*4}{100}) = (100*12*4)=(48*100)=4800[/tex]

And total amount to be paid to repay and close of the loan at the end of 4th year will be = $[4800 + 10000] = $14800.

Simple interest: As the name itself suggests, "Simple" interest refers to the straightforward crediting of cash flows associated with some investment or deposit.

To learn more about Simple Interest, click on the link below.

https://brainly.com/question/25845758

#SPJ9


Related Questions

Which is the equation of the given line?
Question options:
A. x = –2
B. y = –2x
C. x = 2
D. y = –2

Answers

Answer:

Option D: [tex]y=-2[/tex]

Step-by-step explanation:

The line is horizontal, which means the slope is 0. The line also crosses the y-axis at (0,-2). Thus y at 0 is equal to 2.

Draw a rotation of segment CD 189 degrees around point D.

Answers

Rotation of a point through 189° about the origin When a point C(h, k) is rotated through 180° in either an anticlockwise or clockwise direction about the origin O, it takes the new position D(-h, -k).

The rotation formula will give us the precise location of a point after a finite degree of rotation. The rotation formula is determined by the type of rotation applied to the point in relation to the origin. A geometric two-dimensional shape can undergo four major types of transformation.

The rotation formula describes how a point rotates with respect to the origin. The rotation formula is used to determine the position of a point after it has been rotated. A rotation is a circular motion around a specific axis or point of rotation. In general, rotation can be done in two ways: clockwise and anti-clockwise or counter-clockwise.

To learn more about Rotation of line from the given link:

https://brainly.com/question/2456036

#SPJ9

Find a counterexample to show that the following statement is false.
The sum of three multiples of 5 will always end in a 5.

Answers

Answer:

  5 + 10 + 15 = 30

Step-by-step explanation:

You want a sum of three multiples of 5 that does not end in 5.

Multiples of 5

Any odd multiple of 5 will end in 5. An even multiple will not.

In order for the sum to not end in 5, the total of the multipliers must be even:

  1×5 +2×5 +3×5 = 6×5 = 30

  5 +10 +15 = 30 . . . . . . three multiples of 5 whose sum does not end in 5

Find the volume of a sphere with a diameter of 6 centimeters.gi
12 cubic centimeters
288 cubic centimeters
97 cubic centimeters
O 367 cubic centimeters

Answers

Answer:V≈113.1

Step-by-step explanation:

d Diameter 6

V=4

3πr3

d=2r

Solving forV

V=1

6πd3=1

6·π·63≈113.09734

Find the points on the curve y = 2x3 + 3x2 − 12x + 3 where the tangent line is horizontal.

Answers

the tangent is only horizontal at the critical points of the equation, so

[tex]y=2x^3+3x^2-12x+3\implies \cfrac{dy}{dx}=6x^2+6x-12\implies \cfrac{dy}{dx}=6(x^2+x-2) \\\\\\ \stackrel{\textit{setting the derivative to 0}}{0=6(x^2+x-2)}\implies 0=x^2+x-2 \\\\\\ 0=(x+2)(x-1)\implies \boxed{x= \begin{cases} -2\\ 1 \end{cases}} \\\\[-0.35em] ~\dotfill\\\\ y=2(-2)^3+3(-2)^2-12(-2)+3\implies y=-16+12+24+3\implies \boxed{y=23} \\\\\\ y=2(1)^3+3(1)^2-12(1)+3\implies y=2+3-12+3\implies \boxed{y=-4} \\\\[-0.35em] ~\dotfill\\\\ ~\hfill \text{\LARGE (-2~~,~~23)\qquad (1~~,~~-4)}~\hfill[/tex]

Write an equation of a parabola in vertex form. Vertex (0,-3) and passes through (-8,5)​

Answers

The equation of the parabola that has vertex (0, -3) and also passes through the point (-8,5) is y = -1(x - 0)² - 3.

The vertex form of the equation of a parabola is:

y = a(x-h)² + k

where the vertex = (h, k)

The given vertex, (h, k) = (0, -3)

The line passes through the (-8, 5)

x =  -8,  y  =  5

Substitute x = -8, y = 5, h = 0, y = -3 into the equation to solve for a

y = a(x - h)² + k

 5 = a(-8-0)² + (-3)

 5 = a(-8)² - 3

-8a = 5+3

-8a = 8

  a = 8/-8

  a = -1

Substitute a = -1, h = 0, k = -3 into y = a(x - h)² + k

y = -1(x - 0)² - 3

The equation of the parabola that has vertex (0, -3) and also passes through the point (-8,5) is y = -1(x - 0)² - 3

Learn more about equation of parabola visit : https://brainly.com/question/21685473

#SPJ9

T(x,y,z)=x^2yz^3 với M(1,1,1)

Answers

Answer:

A= (2xy^2)^3. (-1/2x^2yz) (gạch chéo là phần)

B=(-4x3y2z)(  x2y3)3xy

Step-by-step explanation:

ok :)

Find the angle in degrees between the two planes
x − 10y − 8z = 11
and
2x + 5y + 8z = 1.
(Round your answer to two decimal places.)

Answers

The angle in degrees between the two planes is approximately 159.460°.

What is the angle between two planes?

The equation of the plane, whose form is a · x + b · y + c · z = d is equivalent to this vectorial form (a, b, c) • (x, y, z) = d, where (a, b, c) is the vector of coefficients. The angle between the two planes:

θ = cos⁻¹ [[(a₁, b₁, c₁) • (a₂, b₂, c₂)] / [||(a₁, b₁, c₁)|| · ||(a₁, b₁, c₁)||]]

If we know that (a₁, b₁, c₁) = (1, - 10, - 8) and (a₂, b₂, c₂) = (2, 5, 8), then the angle between the two planes is:

θ = cos⁻¹ [[(1, - 10, - 8) • (2, 5, 8)] / [√165 · √93]]

θ = cos⁻¹ [(-2 - 50 - 64) / √15345]

θ = cos⁻¹ (- 116 / √15345)

θ ≈ 159.460°

The angle in degrees between the two planes is approximately 159.460°.

To learn more on equations of planes: https://brainly.com/question/27190150

#SPJ1

which number is irrational an integer and a real number?

A.0
B. there is no such number
C.-4/2
D. 4

Answers

Answer:

B

Step-by-step explanation:

None of the provided options are irrational. Irrational numbers are those which cannot be expressed as the ratio of two integers. In other words, if represented in decimal form, they would continue indefinitely after the decimal point, such as the value of π. This also means, by definition, they cannot be both irrational and an integer.

They are all real numbers as they can represent a distance along a line (they could all be plotted on a number line or graph, for instance).

Only 0 and 4 out of the provided options are integers (whole numbers). As mentioned above, all integers are rational by definition.

999,999 + 1=1,000,000 show work

Answers

Answer:

use a calculator

Step-by-step explanation: the calculator doesn't lie I used a calculator

Answer:

1,000,000

Step-by-step explanation:

Cassie and Amy are playing a card flash game. Cassie has a card with the fraction - 2/7 and Amy has a card with the fraction - 3/4. Write an equation to represent the product of theirs fractions then solve that equation.
( The minus is not plain -3 or -2 it’s the whole fraction)

Answers

The equation representing the product of theirs fractions is -

(- 2/7) x (- 3/4)  and on solving this expression, we get 3/14.

What is a Fraction?

In mathematics, fractions are represented as a numerical value, which defines a part of a whole.

Given that Cassie and Amy are playing a card flash game such that Cassie has a card with the fraction - 2/7 and Amy has a card with fraction - 3/7.

The equation that represent the product of their fractions is -

(- 2/7) x (- 3/4)

Now, solving the above expression, we get -

(- 2/7) x (- 3/4)

(1/7) x (3/2)

3/14

Therefore, the equation representing the product of theirs fractions is -

(- 2/7) x (- 3/4)  and on solving this expression, we get 3/14.

To learn more about Multiplying fractions, visit the link below-

https://brainly.com/question/8743988

#SPJ1

The length of a rectangle parking area is three times the width.The perimeter is 280 yd.Find the length and width of the parking are.

Answers

Answer:

length = 105 yd

width = 35 yd

Step-by-step explanation:

Let L = length and W = width.

L = 3W

perimeter = 2(L + W)

280 =2(L + W)

L = 3W

We have a system of 2 equations. Let's use the substitution method to solve it. Substitute 3W for L in the first equation.

280 = 2(3W + W)

140 = 4W

W = 35

L = 3W = 3(35) = 105

length = 105 yd

width = 35 yd

Can someone tell me if this is right if it’s not can you tell me where I messed up at

Answers

Using translation concepts, the vertices of the triangle after the rotation are given as follows:

G'(2,-2), E'(5,-4), F'(5,-1).

What is a translation?

A translation is represented by a change in the function graph, according to operations such as multiplication or sum/subtraction either in it’s definition or in it’s domain. Examples are shift left/right or bottom/up, vertical or horizontal stretching or compression, and reflections over the x-axis or the y-axis.

The rule for a 90º counterclockwise rotation around the origin is:

(x,y) -> (-y,x).

Hence the vertices should be given by:

G': (-2,-2) -> (2,-2).E': (-4,-5) -> (5,-4).  (here you committed a mistake, should be one left and one up to where you positioned).F': (-1,-5) -> (5,-1). (here you committed a mistake).

The correct translation is graphed at the end of the question. You are doing a good job, just there was two small mistakes on the rule :).

More can be learned about translation concepts at https://brainly.com/question/4521517

#SPJ1

In a large population, 53 % of the people have been vaccinated. If 5 people are randomly selected, what is the probability that AT LEAST ONE of them has been vaccinated?

Answers

The probability the at least of the people selected from 5 is vaccinated is 0.997.

What is meant by the binomial distribution?

The binomial distribution is a statistical probability distribution that summarizes the likelihood of a value taking one of two independent values under the specific set of assumptions or assumptions.

The likelihood that at least one person has been vaccinated = 1 - the likelihood that nobody has been vaccinated. In a large population, the probability of a randomly selected person NOT being vaccinated is 1 - 0.53 = 0.47.

Because the five randomly chosen people are independent, the probability that they're all unvaccinated is (0.47)⁵,

The probability that at least one among them 5 has been vaccinated is;

= 1 - (0.47)⁵

= 0.997

Therefore, the probability that at least one of the five people chosen is vaccinated is 0.997.

To know more about binomial distribution, here

https://brainly.com/question/24208224

#SPJ9

A school board member surveys parents to learn how they feel about the new school boundaries. What are a random sample and a non-random sample for this situation?

Answers

A random sample and a non-random sample for this situation are given below:

Mrs.Donovan could have taken opinions from the first 50 parents to answer.Mr.Giles could have taken 10 Parents from each grade in the school and used that as his example.What is a Random Sample?

This refers to the statistical population where there is an equal chance of being selected by members of a population.

Hence, we can see that a random sample and a non-random sample for this situation are given above and this shows that each of them have equal chances of being selected (random sampling)

Read more about random samples here:

https://brainly.com/question/17831271

#SPJ1

Which of the following polynomials have a GCF of 2x. (SELECT ALL THAT APPLY)
3x² - 6x
02x³+4x²
2x² - 4x
6x² + 2x

Answers

The polynomials that have a GCF of 2x are 2x (squared) - 4x and 6x (squared) + 2x

Write the equation of a line that is parallel y = 4x - 7 and goes through the point (4,1).

Answers

The equation of a line that is parallel to y = 4x - 7 and goes through the point (4,1) is y = 4x - 15.

How do we find the equation of a line when two lines are parallel?We can infer that the two lines are parallel because they are distinct and share the same slopes. We can determine whether any two lines are parallel using this characteristic.Then we determine the equation of the line by point-slope form.A point on the line and the slope of the line are required in the point-slope version of the equation of a line. The line's slope is m, and the referred point on the line is (x₁,y₁).

Given line: y = 4x - 7

Slope of line m₁ = 4

Two lines are parallel lines when the slopes of the lines are the same.

so, m₁ = m₂

m₂ = 4

Now, the equation of a line with slope 4 and passing through the point (4,1) is:

⇒ y - y₁ = m (x - x₁)

⇒ y - 1 = 4(x - 4)

⇒ y - 1 = 4x -16

⇒ y = 4x - 15

Hence the equation of a line that is parallel to y = 4x - 7 and goes through the point (4,1) is y = 4x - 15.

To learn more about the equation of a line visit:

https://brainly.com/question/2564656

#SPJ9

Greatest Common Factor and Least Common Multiple

Juan and Joe start walking around a track at the
same time and at the same place. It takes Joe 8
minutes to walk around the track, and it takes Juan
10 minutes. After how many minutes will they reach
the starting point at the same time?

Answers

In linear equation , 40   is the number of  minutes until they meet again at the  starting line.

What is  linear equation?

A linear equation with one variable is one that contains just one variable. It has the formula Ax + B = 0, with A and B being any two real numbers and x being an ambiguous variable with only one possible value. One such linear equation in one variable is 9x + 78 = 18.

Juan walks  1/8  of a lap in one  minute

joe walks 1/10 of a  lap in one minute

The LCM of 8 and 10  = 40  = the number of  minutes until they meet again at the  starting line

In that time  Juan   walks  (1/8) * 40    = 5 laps

And Juan walks  (1/10)*40   = 4 laps

Learn more about  linear equation

brainly.com/question/11897796

#SPJ9

If you use a graph and a table to solve an equation that shows two expressions equal to one another, how can you use algebra to check your answer?

Answers

Answer:If you use a graph and a table to solve an equation that shows two expressions equal to one another, how can you use algebra to check your answer? Choose the correct answer below. A. Rewrite the equation as two new equations, with the expression on each side of the original equation set equal to the answer you are checking, which is an estimate. Check to see if solving each of the new equations gives values of x  that are close to each other. If they are too far from each other, you may need to reexamine the table and graph. B. Input the answer into each expression and simplify. Check to see if the result gives exactly the same number on each side. If the numbers are not exactly equal, you may need to reexamine the table and graph. C. Input the answer into each expression and simplify. Check to see if the result, which is an estimate, gives numbers on each side which are close to each other. If they are too far from each other, you may need to reexamine the table and graph. D. Rewrite the equation as two new equations, with the expression on each side of the original equation set equal to the answer you are checking. Check to see if solving each of the new equations gives exactly the same values of x . If they are not equal, you may need to reexamine the table and graph.

Step-by-step explanation:

Will give brainlyiest 50 points

Answers

Answer:4

Step-by-step explanation:4(5x+6) = 4[tex]x[/tex]5x=20x   4[tex]x[/tex]6=24

Answer:

The answer is 4.

4 * 5x = 20x

4 * 6 = 24

So the result we get is 20x + 24

If DF=9c -39 then x = and DF =

Answers

Answer: x=16

DF=105

Step-by-step explanation:

DF=DE+EF
9x-39=47+3x+10

9x-39=57+3x

9x=96+3x

6x=96

x=16

DF=9x-39

DF=9(16)-39

DF=144-39

DF=105

In AOPQ, PQ = 19, QO = 11, and OP = 20. Which statement about the angles of AOPQ
must be true?

Answers

The true statement about the angles of the triangle OPQ  is the third statement that is  m∠P < m∠O < m∠Q.

It is given that:-

In triangle OPQ,

PQ = 19

QO = 11

OP = 20

We have to find which one of the six statements given in the question is correct.

We know that, in a triangle, if one side of the triangle is longer than the other side, then the angle opposite to the longer side will be larger than the angle opposite the shorter side.

Hence,

In triangle OPQ,

Angle opposite to side OP = ∠Q

Angle opposite to side PQ = ∠O

Angle opposite to side QO = ∠P

As,

QO < PQ < OP , Hence,

m∠P <  m∠ O < m∠Q

To learn more about triangle, here:-

https://brainly.com/question/2773823

#SPJ1

9
)
14+(−9)+(−9)14, plus, left parenthesis, minus, 9, right parenthesis, plus, left parenthesis, minus, 9, right parenthesis.

Answers

The value of (9)14+(−9)+(−9)14 is -9

The concept is used to Solve is BODMAS

(9)14+(−9)+(−9)14

126-9-126=-9

BODMAS, also known as the order of operations, is a series of operations in an arithmetic statement. Math is all about logic and certain common principles that help us with our calculations. So BODMAS is one of the basic principles for simplifying multi-operator formulations.

An expression or equation in arithmetic has two components:

Numbers \Operators

A character that combines two integers to form an expression or equation is known as an operator. The most popular operators in mathematics are Addition (+), Subtraction (-), Multiplication (), and Division (). Finding the solution to mathematical statements or equations with only one operator is rather straightforward.

To learn more about BODMAS from the given link:

https://brainly.com/question/16738857

#SPJ9

The sum of three consecutive even integers is 312. Find the integers.
OA. 103, 104, 105
OB. 100, 102, 104
OC. 104, 106, 108
D. 102, 104, 106

Answers

The total of three consecutive even numbers is 312.

The correct option is A.

Briefing:

Three numbers totaling 312 are consecutive, one of which being 104. Take one of the other numbers from 104=103 and add one to 104=105 for the third.

103 + 104 + 105 = 312.

What are consecutive even integers?

Consecutive even numbers are consecutive even integers that differ by 2. If x is an even number, then x + 2, x + 4, and x + 6 are also even numbers. The difference between consecutive even numbers is two.

How do you find a series of consecutive integers?

The formula for successive integers is quite simple. If x is the first consecutive integer, x+1 is the next, x+2 is the third, x+3 is the fourth, and so on. Consider the following example. 45 is 'x if it is the first consecutive integer in either a series of numbers.

To know more about Consecutive even numbers visit:

https://brainly.com/question/24073584

#SPJ9

There are 2 numbers with a sum of 43. The first number is 2 less than twice the second. What is the SECOND number?

Answers

The value of the number is 15.

How to compute the value?

Let the first number be represented by x.

The second number will be:

(2 × x) - 2 = 2x - 2

Therefore, the addition of the numbers will be:

= x + 2x - 2 = 43

3x - 2 = 43

3x = 43 + 2

3x = 45

Divide

x = 45/3

x = 15.

Therefore, the number is 15

Learn more about computations on:

brainly.com/question/4658834

#SPJ1

I hate my school for giving me all of this in one day <3

Answers

Answer:

A.

Step-by-step explanation:

[tex]0.75 > 7/12(0.58)[/tex]

Answer:

A

Step-by-step explanation:

0.58= 7/12 so 0.75 is more then -.8 so that is true.

benjamein writes an expression for the sum of 1 cubed, 2cubed and 3 cubed. what is the value of the expression

Answers

The expression for the sum of 1 cubed, 2cubed and 3 cubed is 1² + 2³ + 3³ and the value is 36.

How to compute the value?

It should be noted that the information is to find the expression for the sum of 1 cubed, 2cubed and 3 cubed.

This will be:

= 1³ + 2³ + 3³

= 1 + 8 + 27

= 36

Therefore, the correct answer is 36.

Learn more about computations on:

brainly.com/question/4658834

#SPJ1

the 2nd and 5th terms of a gp are 1/18 and 4/243 respectively. Find

Answers

Answer:

Step-by-step explanation:

The third term of the geometric progression will be 1 / 27 with common ratio 2 / 3.

We are given that:

2nd term of geometric progression = 1 / 18

5th term = 4 / 243

Now, we can also write it as:

2nd term = a r ( where r is the common ratio and a is the initial term.)

a r = 1 / 18

5th term = a r⁴

a r⁴ = 4 / 243

Now divide 5th term by 2nd term, we get that:

a r⁴ / a r = ( 4 / 243 ) / ( 1 / 18 )

r³ = 72 / 243

r³ = 8 / 27

r = ∛ (8 / 27)

r = 2 / 3

3rd term = a r²

a r² = a r × r

= 1 / 18 × 2 / 3

3rd term = 1 / 27

Therefore, the third term of the geometric progression will be 1 / 27 with common ratio 2 / 3.

Learn more about geometric progression here:

https://brainly.com/question/24643676

#SPJ4

Your question was incomplete. Please refer the content below:

The 2nd and 5th term of a GP are 1/18 and 4/243 respectively find the 3rd term

Solve the equation. 7x=35 x=

Answers

Answer:

x=

Step-by-step explanation:

Answer:

5

Step-by-step explanation:

find the dimensions of a rectangle with an area of 12 ft.² and a diagonal of 5 feet

Answers

The dimensions of a rectangle with an area of 12 ft.² and a diagonal of 5 feet are 4 feet and 3 feet.

How to calculate the value?

From the information, we are given that the dimensions of a rectangle with an area of 12 ft.² and a diagonal of 5 feet.

It should be noted that the number will be:

= 4 × 3 = 12 ft²

It should be noted that 4² + 3² = 25 and the square root will give 5 which is also the diagonal.

Learn more about rectangles on:

brainly.com/question/25292087

#SPJ1

Other Questions
What is the correct name, number of protons, neutrons, and electrons for thefollowing4119KO Potassium -19, 19 protons, 19 electrons, 22 neutronsO Potassium-41, 19 protons, 19 electrons, 22 neutronsO Potassium-19, 41 protons, 41 electrons, 19 neutronsO Potassium-41, 41 protons, 41 electrons, 19 neutrons Early engines were called flat head designs because they ________. used valves beside the cylinder used spark plugs at the top of the cylinders were only inline engines did not include valves. Why do you think it is important to follow the order of operations? What will happen if you ignore it? a cell containing only pure water is placed into a solution containing 1m sucrose. the cell's membrane is impermeable to water, sucrose, sodium ions and chloride ions. how could you make the cell isosmotic to the outside solution? PLAEASE PLEASE PLEASE PLEASE HELP ME I AM ABOUT TO HAVE AN ANXIETY ATTACK NO JOKE. THIS IS GRADED. YOU WILL BE MARKED BRAINLESSt. Help! factoring out the gcf from the equation 4w with an exponent of 3 subtracted from 12w with an exponent of 2 calculate the percent of population each situation represents b) 90 out of a population of 450 people 7. If a group has several factions, what must be true? which of the following is an advantage of a cumulative frequency polygon over a histogram or frequency polygon? Linux a user typed in the command pwd and saw the output: /home/jim/sales/pending. how could that user navigate to the /home/jim directory? Consider the following polygon. Determine the measure of both angles A and B. A= (16x+7) B= (13x+2)please help me T - T Cmo eras antes y cmo eresahora? (usa y todava en turespuesta). Keith has $500 in a savings account at the beginning of Summer. He wants to have at least $300 in the account by the end of the summer. He withdraws $25 each week for food, clothes and movie tickets how many weeks can Keith withdraw money from his account? 1. what 2 chambers make up the us congress? 2. what 2 chambers make up british parliament? 3. how many members are in each chamber of congress? 4. how many members are in each chamber of parliament? 5. how long are members elected for in each chamber in congress? 6. how long are members elected for in each chamber in parliament? 7. who are the leaders for both chambers in congress? 8. who are the leaders for both chambers in parliament? 9. what political party controls each chamber in congress? 10. what party controls each chamber in parliament? At+what+speed,+as+a+fraction+of+c,+will+a+moving+rod+have+a+length+80+%+that+of+an+identical+rod+at+rest? What is the primary reason the body needs nutrients? to aid in new growthto reduce oxygen in the bodyto help wounds heal slowlyto fight bacterial infection What is the midpoint of the segment shown below without engaging in international trade, freedonia and desonia would not have been able to consume at the after-trade consumption bundles. What potential difference is needed to give a helium nucleus (q=2e) 75.0 kev of kinetic energy? Fructose is? also known as dextrose. the sweetest of the sugars. abundant in whole grains. a starch. known as milk sugar.