A person requests an immediate bank overdraft of $2000. The
bank generously agrees to this but insists that it should be repaid
by 12 monthly instalments and charges 1% interest every month
on the outstanding debt. Determine the monthly repayment

Answers

Answer 1
I think that the answer would be $186.67. My reasoning is 1% of $2000 is $20. Installments of 12 months. Take 2000/12 plus the interest of 1% ($20) you get 186.66 repeating however rounding would make it 186.67.
Answer 2

The monthly repayment for the given principal and rate of interest is $168.3.

Given that, a person requests an immediate bank overdraft of $2000.

What is the rate of interest?

An interest rate tells you how high the cost of borrowing is, or high the rewards are for saving. So, if you're a borrower, the interest rate is the amount you are charged for borrowing money, shown as a percentage of the total amount of the loan.

Here, P=$2000, T=12 months = 1 year and r=1%

Now, interest = (2000×1×1)/100

= 20

Total amount = 2020

So, monthly instalment = 2020/12

=$168.3

Therefore, the monthly repayment for the given principal and rate of interest is $168.3.

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Related Questions

Find the exact value of tan 5 π .

Answers

Answer:

0.274714403

Step by step explanation:

The answer is: zero (0)

Find the complex zeros of
[tex] f(x) = {x}^{3 } - 13 {x}^{2} + 59x - 87[/tex]

Answers

[tex]f(x) = 0 \\\\\implies x^3-13x^2+59x -87 =0\\\\\implies x^3 -3x^2 -10x^2 +30x +29x - 87=0\\\\\implies x^2(x-3) - 10x(x-3) + 29(x-3) =0\\\\\implies (x-3)(x^2 -10x +29) =0\\\\\implies x - 3 = 0 ~~ \text{or}~~x^2 -10x +29 = 0\\\\\implies x =3~~ \text{ or} ~~ x = \dfrac{-(-10) \pm \sqrt{(-10)^2 -4 \cdot 1 \cdot 29}}{2(1)}\\\\\implies x =3~~ \text{ or} ~~ x = \dfrac{10\pm \sqrt{-16}}{2}\\\\\implies x =3~~ \text{ or} ~~ x = \dfrac{10\pm 4i }{2}\\[/tex]

[tex]\\\implies x =3~~ \text{ or} ~~ x =5 \pm 2i\\\\\text{Hence the complex roots are,}~ 5- 2i ~~ \text{and} ~~5 + 2i[/tex]

Wander for the questions

Answers

Just simply plug in the variables.
1. 7-2=5
2. 2(7)+3(2)=20
3. 2(7+2)=18
4.(7-2)^2=25

Greg is a novice cook trying to perfect his baked potato recipe. He decides to put
many. potatoes in the oven and invites all his friends over. Every few minutes he
takes a potato out of the oven and asks some friends to rate its taste on a scale
from 1 to 10, where 10 is excellent.
For each taste, Greg writes down the number of minutes the potato spent in the
oven, x, as well as its rating from 1 to 10, y.
The least squares regression line of this data set is:
y = 0.109x + 1.437
What rating does this line predict for a potato spending 67.11 minutes in the oven?
Round your answer to the nearest integer,

Answers

2.079 I think? I’m sorry if I’m wrong I haven’t done this in years and I just wanna help….

Find the greatest common factor of 6a^3b^2c^10 + 20c^10 – 8a^3b^2c^9

Answers

Answer: [tex]2c^9[/tex]

Step-by-step explanation:

I'm assuming this is the expression: [tex]6a^3b^2c^{10}+\:20c^{10}\:-\:8a^3b^2c^9[/tex]

[tex]\mathrm{Factor\:}6a^3b^2c^{10}[/tex] (Expand using 2's and 3's as they are the common factor in all terms)

[tex]2\cdot \:3\cdot \:a\cdot \:a\cdot \:a\cdot \:b\cdot \:b\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c[/tex]

[tex]\mathrm{Factor\:}20c^{10}[/tex] (5 needed to expand the coefficient)

[tex]2\cdot \:2\cdot \:5\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c[/tex]

[tex]\mathrm{Factor\:}8a^3b^2c^9[/tex]

[tex]2\cdot \:2\cdot \:2\cdot \:a\cdot \:a\cdot \:a\cdot \:b\cdot \:b\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c[/tex]

Common factors (terms that are in all expressions):

[tex]2\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c\cdot \:c[/tex]

Simplify:

[tex]2c^9[/tex]

At the local ballpark, the team charges $5 for each ticket and expects to make $1,500 in consessions. The team must pay its players $2,200 and pay all other workers $1,500. Each fan gets a free bat that costs the team $3 per bat. How many tickets must be sold to break even?
A - 275 B - 1100. C - 2600 D - 440​

Answers

Answer:

  B - 1100 tickets

Step-by-step explanation:

Fixed costs appear to be ...

  $2,200 +1,500 = $3,700

The amount of cost that is not covered by concession income is ...

  $3,700 -1500 = $2,200 . . . . remaining cost

The contribution margin per ticket is apparently ...

  $5 -3 = $2

So, the number of tickets that must be sold to cover the remaining cost is ...

  $2200/($2/ticket) = 1100 tickets

profit = revenue minus cost.

revenue is 5 dollars a ticket plus 1400 dollars in concessions.

the cost for the players is 2000 dollars and the cost for the other workers is 1600.

each person who buys a tickets gets a free bat that costs 3 dollars each.

let x equal the number of people who buy a ticket.

revenue = 1400 + 5x.

that's the revenue from the concessions plus 5 dollars for each ticket sold.


cost = 3600 + 3x

that's 2000 for the players and 1600 for the workers and 3 dollars for each bat given away.

profit = revenue minus cost.

profit = 1400 + 5x - (3600 + 3x)

simplify to get:

profit = 1400 + 5x - 3600 - 3x.

combine like terms to get:

profit = -2200 + 2x.

to find the break even point, set profit equal to 0.

set p = 0 and the profit equation becomes:

0 = -2200 + 2x.

add 2200 to both sides of this equation to get:

2200 = 2x

divide both sides of this equation by 2 to get:

1100 = x

A city's population is increasing at a rate of 2% per year.

If this rate of growth remains the same and the population is 2 million in the year 2014, approximately how many people will there be after 20 years?

a.)
2.02 million

b.)
2.88 million

c.)
2.14 million

d.)
2.97 million

Answers

Based on the information the number of people that will there after 20 years is: d.)  2.97 million.

Using this formula

P(t) = Population ×(1+ rate)^t

Where:

Population=2 million

rate=2%

time=20 years

Let plug in the formula

P(t) = 2×(1+.02)^20

P(t) = 2×(1.02)^20

P(t) = 2×1.485947

P(t) = 2.97 million

Inconclusion the number of people that will there after 20 years is: d.)  2.97 million.

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please help i only have a few minutes!!

what are the measures of 1 and 2?

Answers

Answer:

3;87

Step-by-step explanation:

Since they are complementary, they add up to 90°. This allows you to write the equation

[tex]x+(16x+39) = 90 \rightarrow 17x=90-39 \rightarrow 17x=51 x=\frac{51}{17}=3[/tex]

The second angle measures then [tex]90-3 = 87[/tex]

Which expression is equivalent to \sqrt [ 3 ] { 32 x ^ { 8 } y ^ { 10 } } ?​

Answers

Answer:3x⁵

Step-by-step explanation: is equivalent to 3x⁵

Determine the area of the yellow sector

Answers

Answer:

146 is the answer im positive

Solve the following proportions for v V/5=13/17

Answers

Answer:

v=3 14/17,v=3.8235294117647058

Explanation:

v/5=13/17simplify the equation using cross multiplication

17v=65Divide both sides of the equation by 17

Pick me as brainliest like my answer follow me please

Can someone please help me

Answers

Answer: B

Step-by-step explanation: I beilieve it's B but, don't take my word.

Select the equation that has a = 112 as its solution.
a−114=35
a+358=434
416+a=523
a×38=214

Answers

Answer:

none

Step-by-step explanation:

a-114=35 ⇒ a= 149

a+358=434⇒ a=76

416+a=523⇒ a=107

ax38=214⇒ a=5.63

The equation that has 112 as it's solution is not existing in the options.

What is an Equation?

An equation is the statement of two expressions located on two sides connected with an equal to sign. The two sides of an equation is usually called as left hand side and right hand side.

Given are four linear equations.

Check the solution of each equation.

a - 114 = 35

Adding both sides of the equation with 114,

⇒ a = 35 + 114 = 149

a + 358 = 434

Subtracting both sides of the equation with 358,

⇒ a = 434 - 358 = 76

416 + a = 523

Subtracting both sides of the equation with 416,

a = 523 - 416 = 107

a × 38 = 214

Dividing both sides of the equation with 38,

a = 214/38 = 5.63

Hence none of the equations have 112 as it's solution.

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Simplify the following expression.

Answers

Answer:

-1

Step-by-step explanation:

[tex]3 + \sqrt{10 - {3}^{2} } + - 5 \\ = 3 + \sqrt{10 - 9} - 5 \\ = 3 + \sqrt{1} - 5 \\ = 3 + 1 - 5 \\ = 4 - 5 \\ = - 1[/tex]

Answer:

-1

Hope you could get an idea from here.

Doubt clarification - use comment section.

What is the area of a triangle with the Base of √10 and a height of √13

Answers

Answer:

5.70

Step-by-step explanation:

[tex] a = \frac{1}{2} bh \\ \frac{ \sqrt{10} \sqrt{13} }{2} \\ \frac{ \sqrt{130} }{2} [/tex]

[tex]a = \frac{11.401}{2} \\ = 5.70[/tex]

Answer:

5.70

Step-by-step explanation:

mark me as brainliest

50 POINTS!!!
Which is the graph of linear inequality x - 2y = -12?

Answers

Bottom one
I think or not the first one

2. Which will help you answer, "To what power must a student raise the number 5 to have an answer of 625?"

Answers

Answer:

125

Step-by-step explanation:

The power of 4. Powers are numbers multiplied by themselves. 5 to the fourth power is really 5x5x5x5 which equals 625

If the ratio y/x is the same for all related pairs of x and y, what does that mean about the relationship between x and y?

Answers

Answer:

The the relationship is linear

Step-by-step explanation:

If y/x is same for all pairs of x and y, slope is a constant value that is not changed by value of x or y. Hence, it is linear function.

What is the total amount and the amount of interest earned on $5,000 at 8% for 20 years?

Answers

Answer:

final balance = 24,634.02

compound interest = 19,634.02

Step-by-step explanation: not my answer

A jar contains 28 marbles. Half of the marbles are red. Half of the non-red marbles are white and the rest are blue. Todd chose a white marble at random and kept it. What is the probability that when Hosea now draws a marble it will also be white

Answers

Answer:

2/9

Step-by-step explanation:

28 marbles in all

"Half of the marbles are red."

28/2 = 14 red

"Half of the non-red marbles are white..."

14/2 = 7 white

"...and the rest are blue."

25 -14 -7 = 7 blue

"Todd chose a white marble at random... " -from the bag that has...

14 red 7 white 7 blue

"... and kept it."- so now the marbles left in the jar are...

14 red 6 white 7 blue

P (white) = Number of white marbles/ Total number of marbles = 6/27 = 2/9

Write all the terms of the following X+y+z​

Answers

Answer:

xyz

Step-by-step explanation:

The terms are the addends in the sum:

  x, y, z

is 0.75 degrees Celsius a negative temperature or positive temperature

Answers

Answer:

Positive

Step-by-step explanation:

Anything below 0 is negative. 0.75 > 0

A bus traveling at a constant rate of 50 miles per hour. At this rate, how far will the bus travel 3 1/4 hours?

Answers

First, let's do the easy part! Multiplying 50 by 3 will give us how far the bus would travel in 3 hours. 50 x 3 = 150.

Now let's do the quarter. 50 / 4 = 12.5. Simply add these two together now!

The bus will travel 162.5 miles!

Hope this helps :)

Please help, I will give good rating and brainliest of possible!!
Thank you!!!!!!!!

Answers

Answer:

[tex]g(x)=x+8[/tex]

Step-by-step explanation:

Translating a function up is very simple, all you need to do here is add 8.

If you want to think of it logically,

[tex]f(x)=x[/tex]

the whole right side of the function here can be our output. If x is 8, then the output, or height, is also 8. if you wanted to translate that up to 10, you'd simply need to add 2 to it, meaning [tex]x+2[/tex]. Then, at any given point on the function, it'd be 2 higher than it would be otherwise.

The formula N(x) = x2 -2x + 2016 represents the number N of gang-related homicides across the country x years after 2017. According to this formula, in what year will the number of gang-related homicides be 2051?

Answers

Answer:

Graph the parabola using the direction, vertex, focus, and axis of symmetry.

Direction: Opens Up

Vertex:

(

1

,

2015

)

Focus:

(

1

,

8061

4

)

Axis of Symmetry:

x

=

1

Directrix:

y

=

8059

4

x

y

1

2019

0

2016

1

2015

2

2016

3

2019

Step-by-step explanation:

The number of gang-related homicides in 2051 will be 3,104.

What is a function?

A function is an assertion, concept, or principle that establishes an association between two variables. Functions may be found throughout mathematics and are essential for the development of significant links.

The function is given below.

N(x) = x² -2x + 2016

N represents the number of gang-related homicides across the country x years after 2017.

Then the number of gang-related homicides be 2051 will be given as,

N(2051 - 2017) = (2051 - 2017)² - 2(2051 - 2017) + 2016

N(34) = 34² - 2(34) + 2016

N(34) = 1156 - 68 + 2016

N(34) = 3,104

The quantity of pack-related homicides in 2051 will be 3,104.

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Determine whether each graph shows a positive correlation, a negative
correlation, or no correlation. If there is a positive or negative correlation,
describe its meaning in the situation.

Answers

Answer:

Positive correlation.

Step-by-step explanation:

From the graph we can see overall increasing trend.

It means there is a positive correlation.

The meaning of this is the more time you spend on study the better test score you get.

Answer:

Negative correlation

Step-by-step explanation:

As TV hours increase, exercise

hours decrease.

after a party 3/4 cake is leftover. Dennis eats 1/2 of the leftover cake. Which fraction model represents the amount of cake Dennis eats?​

Answers

8/8-5/8 = 3/8 Which Is Equivalent To The Amount Of Cake Left Over And The Amount Of Cake That Dennis Ate

3. Tom's entered a snowman building contest in which the person who builds the tallest
snowman wins. Currently, the record is 13.4 feet high. If Tom's snowman is currently 9 feet
high, how many more feet does he need to build on, in order to win the competition

Answers

tom's snowman has to increase by anything greater than 4.4 ft

Answer:

4.5 feet

Step-by-step explanation:

9+4.5=13.5

13.5>13.4

5 cm is about 2 inch. Explain in a line graph to find out how many inch are in 50 cm.

Answers

Answer:

20 inches

Step-by-step explanation:

If that's centimeters on the x-axis and inches in the y-axis, then the slope is 2/5 and the y-intercept is 0.

[tex]y=\frac{2}{5}x[/tex]

The slope of 2/5 in this context means 2 inches per 5 centimeters. Then, either by solving the equation or by graphing the line, you can determine that there are about 20 inches in 50 centimeters.

Can anyone please help me answer this Math question ? As soon as possible !


The We-Make-It factory in the United States pays its 250 workers an average of $21 per hour, including benefits. The average number of work hours per employee in a year is 1,924. The owners of the factory are considering relocating overseas to a country where they can pay workers an average of $6 per hour, including benefits, to achieve the same production levels. Assuming that the company would hire the same number of workers for the same number of hours in a new location, how much could We-Make-It save in wages alone in the first year by moving to the proposed overseas location?

Answers

Assuming that this would not be destroying the lives of many in a community by locating overseas. The factory would save $2,886,000 in payroll wages during the first year of relocation.

Step-by-step explanation:

$15 saved in wages/working hour × 250 workers × 1924 hours per year/worker = $2,886,000

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