Diane Van Os decided to buy a new car since her credit union was offering such low interest rates. She borrowed $30,400 at 4.75% on December 14 2016, and paid it off March 15 2018. How much did she pay in interest? (Assume exact interest.) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Interest paid
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- Diane Van Os decided to buy a new car since her credit union was offering such low interest rates. She borrowed $30,500 at 4.75% on December 29 2016, and paid it off February 28 2018. How much did she pay in interest? (Assume exact interest.) (Use Days in a year table.)Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $4,400 at 4.75% on December 26, 2019, and paid it off February 21, 2021. How much did he pay in interest? (Assume ordinary interest and no leap year.) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Interest PaidNolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $3,900 at 4.25% on December 26, 2019, and paid it off February 21, 2021. How much did he pay in interest? (Assume ordinary interest and no leap year.) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Interest paid
- Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $2,700 at 3.5% on December 26, 2021, and paid it off February 21, 2023. How much did he pay in interest? (Assume ordinary interest and no leap year.) (Use Days in a year table.) Note: Do not round intermediate calculations. Round your answer to the nearest cent.Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $2,700 at 3.5% on December 26, 2019, and paid it off February 21, 2021. How much did he pay in interest? (Assume ordinary interest and no leap year.)Kelly O’Brien met Jody Jansen at Sunshine Bank and suggested she consider a loan on exact interest. Recalculate the loan for Jody under this assumption. Jody Jansen went to Sunshine Bank on: 9/12/2020 She borrowed: $ 2,300.00 Her interest rate was: 0.09 Date the money borrowed is due: 1/27/2021 Previous interest was: 78.78 Required: Complete the following using the information above and exact interest: How many days is Jody Jansen borrowing this money for? Assume the loan is on exact interest. What interest will Jody owe on January 27? What is the total amount Jody must repay at maturity How much would she save in interest?
- Sarah gave out a loan of $4,500 to a friend on December 11, 2015. The loan was on May 17, 2016 with $140.64 interest. a. What was the time period of the loan expressed in days? days d. Vvnat was tne time period of the loan expressed in days? days b. What was the annual simple interest rate for this loan? Round to two decimal placesJo deposits $5000 into an account on July 15, 2014. The account earns 4% compounded monthly. Just to mess with the bankers, she decides to pull all the money out on March 27, 2019. Assuming simple interest is allowed for part of a conversion period, how much is in the account on March 27, 2019?Joelle prefers to pay by credit card, but her card was declined. She B returns home to call her bank. They informed her that her credit limit using this card is $300. The credit card she has currently charges a 19.2% annual interest rate compounded monthly. The table to the right shows the balance, 8, of her account after m months. 100 119.2 142.09 169.37 4 201.89 15 240.65 286.85 Question 2A: Based on the information given, why might Joelle not have been able to use her credit card at Target? Part B: For each time period below, determine the rate of change: month 1 to month 2 month 2 to month 3 month 4 to month 6 month 3 to month 5 The time period with the greatest rate of change is: Part C: What do you notice about the average rate of change in this scenario? What does this indicate about the function we are working with? Please explain your response.
- On September 12, Jody Jansen went to Sunshine Bank to borrow $4,200 at 8% interest. Jody plans to repay the loan on January 27. Assume the loan is on ordinary interest. (Use Days in a year table) a. What interest will Jody owe on January 27? (Do not round intermediate calculations. Round your answer to the nearest cent.) Interest b. What is the total amount Jody must repay at maturity? (Do not round intermediate calculations. Round your answer to the nearest cent.) Maturity valueCarrie borrowed $2100 from a bank for 9 months. The bank discounted the loan at 3.5%. What is the loan's discount?$IncorrectWhat is the net amount of money Carrie receives?$What is the loan's actual rate of interest? (to the nearest hundredth of a percent)Yusra has a term loan and after her 42nd payment she still owes $6,728.25. The annual interest rate on this loan is 4.86%. This month she is making payment 43. Her monthly payment is $323.41. How much will her "balance owed" decrease? Round your answer to the nearest penny. Input the dollar sign followed by the number. Do not put a space between the dollar sign and the number. Example: $167.89