Dominic pays 7% interest on his $16,000 college loan and 12% interest on his $12,000 car loan. What average interest rate does he pay on the total $28,000 he owes? (Round your answer to the nearest tenth of a percent.)

Answers

Answer 1

The average interest rate is 8.57% paid on the total of $28,000

What is the percentage?

The percentage is defined as a ratio expressed as a fraction of 100.

Dominic pays 7% interest on his $16,000 college loan,

And 12% interest on his $12,000 car loan

To determine the average interest rate paid on the total $28,000 he owes

Calculating the total interest amount paid :

⇒ 7% of 16,000 +  12% of 12,000

⇒ (7/100)16,000 +  (12/100)12,000

⇒ (0.07)16,000 +  (0.12)12,000

⇒ (0.07)16,000 +  (0.12)12,000

⇒ 960 + 1440

⇒ 2400

So the average interest rate paid on the total of $28,000 as

⇒ 2400/28,000 = 0.0857 ≈ 8.57%

Hence, the average interest rate is 8.57% paid on the total of $28,000

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Related Questions

To find the value of the following expression, which task should be completed first?

7 1/4 × 22 + (8 1/2 - 2) ÷ 3

Answers

Answer:

Paranthesis

Step-by-step explanation:

Remember: PEMDAS!!!

P: Paranthesis

E: Exponents

M: Multiplication

D: Division

A: Addition

S: Subtraction

Paranthesis always comes first in the PEMDAS rule, so if an equation includes paranthesis, solve the paranthesis first!!!

Please help I really need it it’s too soon I will give brainless a thank you and five stars

Please help I really need it its too soon I will give brainless a thank you and five stars

Answers

Answer:

6

Step-by-step explanation:

3/4=6/8

1/8x=6/8

x=6

Me podrian ayudar con ese ejercisio por favor?? Me salvarian 4. Dadas las sucesiones de término general an = n + 3 y bn = 5n − 1 , realiza las siguientes operaciones: a) an – bn b) an + 3bn 5. Escribe los ocho primeros términos de la sucesión ( an ) dada por: a1 = 1, a2 = 1, an = an−1 + an−2

Answers

Explicación paso a paso:

Dado

an = n + 3

bn = 5n-1

a) an-bn = n + 3- (5n-1)

= n + 3-5n + 1

= n-5n + 3 + 1

= -4n + 4

an-bn = 4-4n

b) an + 3bn = (n + 3) +3 (5n-1)

= n + 3 + 3 (5n) +3 (-1)

= n + 3 + 15n-3

= n + 15n + 3-3

= 16n + 0

= 16n

an + 3bn = 16n

3) Dado a1 = 1, a2 = 1

an = an-1 + an-2

Debemos escribir los primeros ocho términos de la secuencia.

a3 = a3-1 + a3-2

a3 = a2 + a1

a3 = 1 + 1

a3 = 2

a4 = a3 + a2

a4 = 2 + 1

a4 = 3

a5 = a4 + a3

a5 = 3 + 2

a5 = 5

a6 = a5 + a4

a6 = 5 + 3

a6 = 8

a7 = a6-a5

a7 = 8 + 5

a7 = 13

a8 = a7 + a6

a8 = 13 + 8

a8 = 21

Por tanto, los primeros ocho términos de la secuencia son 1, 1, 2, 3, 5, 8, 13 y 21

what is the equation for the idealized regression line? label each part of the equation. what is the equation for the least-squares regression line? label each part of the equation. what are the four assumptions and conditions that must be met in order to perform inference for regression? explain how to check each one. what three aspects of the scatterplot affect the standard error of the regression slope? what is the formula for the standard error for the slope? what is the formula for the sampling distribution for regression slopes? show and explain formulas. if there is no association between two variables, what should be the value of the slope of the regression line?

Answers

The idealized regression line is y = β₀ + β₁x + ε, and the least-squares regression line is Y = b₀ + b₁x. Four assumptions for regression inference are linearity, independence, homoscedasticity, and normality. The standard error of the regression slope is affected by the spread, sample size, and relationship strength. The formula for the standard error of the slope is SEb₁ = √[ Σ(\(y_i - Y_i\))² / (n-2) ] / √[ Σ(\(x_i\) - X)² ]. If there is no association between two variables, the slope of the regression line should be zero.

There are two equations commonly used in regression analysis: the idealized regression line and the least-squares regression line.

The equation for the idealized regression line is

y = β₀ + β₁x + ε

where

y is the dependent variable

x is the independent variable

β₀ is the intercept

β₁ is the slope

ε is the error term

The equation for the least-squares regression line is

Y = b₀ + b₁x

where

Y is the predicted value of y

x is the independent variable

b₀ is the intercept

b₁ is the slope

There are four assumptions and conditions that must be met in order to perform inference for regression

The relationship between the independent variable and dependent variables is called Linearity . To check linearity, plot the dependent variable against the independent variable and look for a straight-line pattern.

Independence, The observations are independent of each other. To check independence, ensure that there is no relationship between the residuals (the difference between the observed value and the predicted value) and any other variables.

The constant variance of errors across independent variable of all level is called homoscedasticity. To check homoscedasticity, plot the residuals against the predicted values and look for a consistent spread of points around zero.

Normality, The errors are normally distributed. To check normality, plot a histogram of the residuals and look for a roughly bell-shaped distribution.

The formula for the standard error for the slope is

SEb₁ = √[ Σ(\(y_i\)- \(Y_i\))² / (n-2) ] / √[ Σ(\(x_i\) - X)² ]

where

\(y_i\), observed value of variable which is dependent for the ith observation

\(Y_i\) is the predicted value of the dependent variable for the ith observation

\(x_i\), the observed value of variable which is independent for the ith observation

X is the mean of the independent variable

n is the sample size

The formula for the sampling distribution for regression slopes is

b₁ ~ N(β₁, σ² / Σ(\(x_i\) - X)²)

where

b₁, least-squares regression line's slope

β₁ is the true population slope

σ² is the variance of the errors

If there is no association between two variables, the slope of the regression line should be zero. it depicts that the variable which is independent has no effect on the variable which is dependent.

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please help me

no random links pls

please help meno random links pls

Answers

Answer:

C

Step-by-step explanation:

The first one (0,7) tells you that when x isn't there, the amount of money is 7.

That means that the y intercept is 7.

When x = 1 the total is 15

Money saved = ax + 7

15 = a*1 + 7                         Subtract 7

15-7 = a + 7-7

a = 8

The equation is f(x)  = 8x + 7

suppose that x and y are substitute goods. if the price of good x increases, we can expect:

Answers

If the price of good x increases, the demand curve for good Y to shift to the right.

Complement goods are defined as the goods that a consumer likes to consume with a given good. Example of goods like it , peanut butter and jelly.

Substitute goods are those goods that a consumer could consume instead of a given good. For example, peanut butter and almond butter. The Market Equilibrium is used to define the intersection between the demand and supply curve. In other words, the market equilibrium occurs when price and quantity are same.o

When the price of a substitute , x increases, the demand for the second good increases. That is to say, there is a positive relationship between these two variables. In other words the price of good x increased , the demand for x will increase because it is more attractive for consumers. Therefore, the demand curve of y all shifts to the right.

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suppose that x and y are substitute goods. if the price of good x increases, we can expect:

PLEASE HELP
Write an equation for the graph in slope intercept form.

PLEASE HELPWrite an equation for the graph in slope intercept form.

Answers

Answer: y = -3x + 10

Step-by-step explanation:

Slope-Intercept is written as y = mx + c : m represents the slope and c represents the y-intercept.

On this graph, we see that the line crosses the y-axis when y = 10, meaning we can replace c with positive 10: y = mx + 10.

Now we need to find the slope. In order to this, we need to use a formula:

\(m=\frac{y_2 - y_1}{x_2 - x_1}\)

We will need to choose two coordinates for this, I will be using the coordinates (0, 10) and (1, 7). We can then plug the appropriate values in:

\(m = \frac{7 - 10}{1 - 0} = \frac{-3}{1} = -3\)

Now we can replace the m in the equation with -3, so we will not get:

y = -3x + 10

Hope this helps.

help pls fhakahdksjhshdksj

help pls fhakahdksjhshdksj

Answers

It is (a) -5/3
Slope could also mean gradient, so the gradient of a line is always the number in front of x in the equation y=Mx+c ... Hope it was helpful:)
the slope of the line would be a) -5/3

Mark bought 12 movie tickets for $120. What is the equation that
represents this? *
Your answer

Answers

Answer:

12x = $120

Step-by-step explanation:

12 tickets * price = $120

is it 10? i divided 120 by 12

the value of x is referring to the hypotenuse of the triangle and not the arc that the x is under

the value of x is referring to the hypotenuse of the triangle and not the arc that the x is under

Answers

Given that the length of one of the sides of the triangle is the radius, the length of the other leg of the triangle is also 6 units.

Therefore, this is an instance of a 45-45-90 triangle. The value of x can now be solve by

Given that the side length of the 45-45-90 triangle is 6 units, the length of the hypotenuse x is

\(x=6\sqrt[]{2}\)

the value of x is referring to the hypotenuse of the triangle and not the arc that the x is under

What are they asking?

What are they asking?

Answers

They are asking which one gives both the same answer.

Which system is equivalent to startlayout enlarged left-brace 1st row 5 x squared + 6 y squared = 50 2nd row 7 x squared + 2 y squared = 10 endlayout?.

Answers

Equivalent  system are-

35x² + 42y²  = 350  -35x - 10y² = -50  Explain the term equivalent relation?Expressions that are equivalent do the same thing even when they have distinct appearances. When we enter the same solution(s) for the variable, two algebraic expressions that are equivalent have the same value (s).

The given expression is;

startlayout enlarged left-brace 1st row 5 x squared + 6 y squared = 50 row 7 x squared + 2 y squared = 10 endlayout

These given expression are written as;

5x² + 6y²  = 50  ...eq 17x + 2y² = 10  ....eq 1

Multiplying equ 1 with 7 and eq 2 with -5,

35x² + 42y²  = 350  -35x - 10y² = -50  

Thus, equivalent  system are-

35x² + 42y²  = 350  -35x - 10y² = -50  

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The options for the given question are attached.

Which system is equivalent to startlayout enlarged left-brace 1st row 5 x squared + 6 y squared = 50

A student would like to estimate the mean length of words in a book report he just finished writing. He selects a
random sample of 20 words and determines the mean length to be 4 characters. Later, he discovers how to use a
built-in function of his word-processing program that reveals that the mean length of all words in his book report is
4.3 characters. Which of the following statements is true?
The population is all words in the book report and the sample is the random sample of 20 words.
The population is the random sample of 20 words and the sample is all words in the book report
The population is the mean length of all words in the book report and the sample is the mean length of the 20
randomly selected words.
The population is the mean length of the 20 randomly selected words and the sample is the mean length of all
words in the book report.

Answers

Answer:

the answer is a. The population is all words in the book report and the sample is the random sample of 20 words.

Step-by-step explanation:

got it right on edge

Answer: a. The population is all words in the book report and the sample is the random sample of 20 words.

Step-by-step explanation:

The scuba diver dove 40 feet below the surface. He swam up 12 feet to see a unique fish. He followed the fish down 8 feet. Then he followed the fish up 27 feet.

Answers

Answer:

he was 9 ft in and swam a total of 87 ft total.

NEW 1
Which is equivalent to 4!
(4 factorial)?
12
A
12
B
24
C
1
24
D

NEW 1Which is equivalent to 4!(4 factorial)?12A12B24C124D

Answers

Answer:

C

Step-by-step explanation:

4!  is 4 factorial

 4! =   4  x  3  x  2  x  1 = 24

Answer:

24

Explanation:

4! (4 factorial) means we multiply 4 by all the numbers that come before it (these numbers are NOT fractions or zero). We stop at 1. Here's how this works.

\(\sf{4!=4\times3\times2\times1}\)

This evaluates to:

\(\sf{4!=24}\)

Therefore, 4! = 24.

What is (10x^2 + 17x + 3) divided by (5x + 1)?

Answers

The quadratic expression 10x² + 17x + 3 when divided by (5x + 1) gives 2x + 3.

Given quadratic expression is,

10x² + 17x + 3

We have to divide the polynomial with 5x + 1.

First let us factorize the given quadratic expression.

10x² + 17x + 3

Discriminant = 17² - (4 × 10 × 3) = 169

x = (-17 ± √169) / 20

x = (-17 ± 13) / 20

x = -4/20 and x = -30/20

x = -1/5 and x = -3/2

This can be factored as,

(x + 1/5) (x + 3/2)

(5x + 1) (2x + 3)

Hence the quotient is 2x + 3.

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what is the measure of angle A?

what is the measure of angle A?

Answers

Answer:

Step-by-step explanation:

138° - 80° = 58°

Divide 21 boxes into two groups so the ratio is 2 to 5

Answers

Divide 21 boxes into two groups so the ratio is 2:5 is 6 boxes and 15 boxes.

In this section, the terms ratio and percentage are defined. Many examples where the notion of the ratio is highlighted may be found in daily life, such as the rate of speed (distance/time) or price (rupees/meter) of a substance.

Sum of the ratio given is=2+5=7

Now to divide 21 into two groups in the ratio 2:5 , we have to use sum of the ratio.

first group is =\(\frac{2}{7}\)×21

first group is =6

and second group is =\(\frac{5}{7}\)×21=15

Hence the first group will get 6 boxes while other will get 15 boxes.

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Determine whether the sampling method described below appears to be sound or is flawed.

In a survey of 784​subjects, each was asked how often he or she watch tv The survey subjects were internet users who responded to a question that was posted on a news website.

Answers

Sampling is the process of selecting a sample from a population. The samples selected should be representative of the population being surveyed to produce accurate data.

A good sampling method requires that all individuals in the population have an equal chance of being selected. When a survey's sample size is larger than 10% of the population being surveyed, it is important to use proper sampling methods. In the given scenario, the sampling method appears to be flawed because it has a potential bias, as the survey subjects were only internet users who responded to a question that was posted on a news website. As a result, the sample may not represent the entire population, and therefore the conclusions drawn from the sample may not be accurate. This sample is neither random nor representative because the survey is only limited to internet users who visited a news website. So, the given sampling method appears to be flawed.

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One week, 100 tudent purchaed item from the tudent tore and the tore made a profit of $500. The next week, when 80 tudent purchaed item, the profit wa $460. Write a linear equation relating profit, to the number of tudent,

Answers

A linear equation relating profit, to the number of student is shown below.

y = 2x + 500

Linear equation is used to present the elements in mathematic. A linear equation is an algebraic equation of the form y=mx+b. involving only a constant and a first-order (linear) term, where m is the slope and b is the y-intercept. Occasionally, the above is called a "linear equation of two variables," where y and x are the variables.

To write a linear equation relating profit to the number of students, we need to find the slope and the y-intercept of the line.

The slope of the line can be calculated using the formula:

slope = (y2 - y1) / (x2 - x1)

where (x1, y1) and (x2, y2) are two points on the line.

In this case, we can use the two data points given to find the slope:

slope = (460 - 500) / (80 - 100) = -40/ -20 = 2

The y-intercept of the line is the point where the line crosses the y-axis, which is the profit when the number of students is 0. In this case, the y-intercept is 500, since that is the profit when 100 students purchase items.

Using these values, we can write the linear equation in slope-intercept form:

y = 2x + 500

This equation can be interpreted as follows: the profit (y) is equal to 2 times the number of students (x) plus 500.

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a doctor knows that the medical test for a certain health condition gives accurate results 75% of the time. find the probability that if 7 of these tests are randomly selected, at least one of them is accurate.

Answers

There is a 99.9919682% probability that at least one test will be accurate, which is equivalent to 1 - 0.000080318 = 0,999919682.

What is Sample Space?

A sample space is a set of potential results from a random experiment.

The letter "S" is used to denote the sample space.

Events are the subset of possible experiment results.

Depending on the experiment, a sample area could contain a variety of results.

The potential ordered outcomes, or sample points, are listed as elements in a set that is used to represent a sample space.

So, in this sample of 7 units, the number of accurate tests is a random variable with the following possible outcomes:

0 accurate tests

1 accurate tests

2 accurate tests

3 accurate tests

4 accurate tests

5 accurate tests

6 accurate tests

7 accurate tests

The likelihood that one or more tests will be accurate is equal to the likelihood that one test will be accurate plus the likelihood that two tests will be accurate plus the likelihood that three tests will be accurate plus the likelihood that four tests will be accurate, and so on, up to seven. Simply deduct the likelihood that 0 tests will be accurate from the unit, and we will have the required result.

The likelihood that a test will be inaccurate is 1 - 0.74 = 0.26. The likelihood that all seven randomly selected tests are inaccurate is equal to 0.26⁷ = 0.000080318.

Hence, the likelihood that at least one test will be accurate is equal to the:
1 - 0.000080318 = 0,999919682 or 99.9919682%

Therefore, there is a 99.9919682% probability that at least one test will be accurate, which is equivalent to 1 - 0.000080318 = 0,999919682.

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Complete question:
A doctor knows that the medical test for a certain health condition gives accurate results 74% of the time. Find the probability that, if 7 of these tests are randomly selected, at least one of them is accurate.

Find the slope given the table. Value.

Find the slope given the table. Value.

Answers

Answer:

-6/4 or -3/2

Step-by-step explanation:

Slope is change in y/ change in x

Change in y= -6

Change in x= +4

What is the domain of the above function?

What is the domain of the above function?

Answers

The first one is your answer

Justine runs 250 yards in 50 seconds.
a. At this rate, how many yards can Justine run in 60 seconds?
b. At this rate, how long would it take her to run 25 yards?
c. At what rate, in yards per second, is Justine running?

Answers

Answer:

a: 300 Yards

b: 10 seconds

c: 5 Yards per second

Which of the following is a correct explanation for preferring the mean over the median as a measure of center?
Group of answer choices
1 The mean is more efficient than the median.
2 The mean is more sensitive to outliers than the median.
3 The mean is the same as the median for symmetric data.
4 The median is more efficient than the mean.

Answers

The correct explanation for preferring the mean over the median as a measure of center is option 3: The mean is the same as the median for symmetric data.

The mean over the median as a measure of center is that the mean takes into account all values in a data set, making it more representative of the data as a whole. On the other hand, the median only considers the middle value(s), and is less sensitive to outliers. This means that extreme values in a data set have less impact on the median than they do on the mean. However, if the data set is skewed or has outliers that significantly affect the mean, the median may be a better measure of central tendency. In summary, the choice between the mean and the median depends on the characteristics of the data set being analyzed and the research question being asked.
In symmetric data, the mean and median provide the same central value, giving an accurate representation of the data's center. However, it's important to note that the mean is more sensitive to outliers than the median, which might affect its accuracy in skewed data sets.

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On a class trip to the zoo, there is 1 chaperone for every 4 students. If 5 chaperones are on the trip, how many students are going on the trip?

Answers

Answer:

20 Students

Step-by-step explanation:

If there is 1 chaperone for every 4 students, and there are a total of 5 chaperones on the trip, you can use this information to know that..

If there are 5 chaperones and 4 students for each chaperone, that would give you 20 students!

I need help i dont understand this one bit

I need help i dont understand this one bit

Answers

Answer:

Write an equation to represent y , Calvin’s total earnings based on x the number of hours he works.

y= 15.50x

16. How much will Calvin earn if he works 15 hours?

$232.5

Step-by-step explanation:

I NEED HELP What is 3/10 of $80

Answers

Answer:All you need to do is divide 80 by 10, and then multiply 10 by 3

Find the equation of this line. \[ y=\frac{[?]}{[} x+ \]

Answers

The equation of the line in the given form, y = mx + c, is y = [?]x + [?].slope and y-intercept, we cannot determine the equation of the line.

To find the equation of a line in the form y = mx + c, we need the slope (m) and the y-intercept (c). However, since the values for the slope and y-intercept are not provided in the question, we cannot determine the equation without additional information.

Without knowing the values for slope and y-intercept, we cannot determine the equation of the line.

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Answer:

It's y=-3x+7. Hope this helps!

A news report says that 9% of middle school students are on the track team. There are 600 students in your middle school How many students in your school would you expect to be on the track team? HE Pad SATTE BAR HG West nus SAUNA w 1​

Answers

Answer: 54

9% of 600 would be 54.

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Resembling our Milky Way, there is a giant spiral galaxy 2.3 million light years away which we are on a collision course with. It is the ______ galaxy. What are the 8 parts of speech and examples? How many terms are in the expression 5 - 3c + 21? In a class of 22 students, 5 have a brother and 13 have a sister. There are 2 studentswho have a brother and a sister. What is the probability that a student who has abrother also has a sister? Curtis wants to do a 1031 exchange. He just closed on his property. How many days does he have to identify a new property 1. Abrigo s no 2. Silla s no 3. Botas s no 4. Traje de bao s no 5. Gemelas s no 6. Sandalias s no 7. Calcetines s no 8. Gafas s no 9. Cartera s no 10. Videojuego s no 11. Tienda s no 12. Caja s no Hypothesis Tests: For all hypothesis tests, perform the appropriate test, including all 5 steps.o H0 &H1o o Test typeo Test Statistic/p-valueo Decision about H0/Conclusion about H1A random sample of 915 college students revealed that 516 were first-generation college students. (A student is considered a first-generation college student if neither of their parents have a bachelors degree.) Test the claim that more than 50% of college students are first-generation students, using a 0.05 level of significance. If the magnitude of the cross product of two vectors is one-half the dot product of the same vectors, what is the angle between the two vectors? Use the triangle below. Find the length of the missing side. If necessary, round to the nearest tenth. B = 12 and c = 13 A= ? 19. A company's production schedule shows that its marginal product is decreasing.Its worker productivity is growing. What stage of production is the company in? A pharmaceutical drugs manufacturing company consumes 600,000 kw-hrs of electrical energy annually and pays an average of $2.00/kw-hr. A study being conducted to generate its own power to supply the company with the energy required, shows that the power plant to be installed would require an initial investment of $2,000,000; annual operation maintenance of $800,000; and additional annual expenses of $220,000. The power plant has a 15-year life and a residual value of $200,000. If MARR-15%, determine whether the installation of the power plant is necessary or not. in csma/ca, what is the period of time called that devices must wait after the medium is clear before attempting to transmit? P2 + 13x + 42Factorise this please please hurry. A shoe factory uses 536.2cm of string to make 14 identical shoelaces. Calculate the length of each shoelace in cm. How did the Battle of Okinawa affect President Truman's decision to use the atomic bomb against Japan Please see the image Describe Binyas life in the village. You have a circular loop of wire in the plane of the page with an initial radius of 0.50 m which expands to a radius of 1.00 m. It sits in a constant magnetic field B = 52 mt pointing into the page. Assume the transformation occurs over 1.0 second and no part of the wire exits the field. Also assume an internal resistance of 30 2. What average current is produced within the loop and in which direction? Express your answer with the appropriate units. Enter positive value if the current is clockwise and negative value if the current is counterclockwise. uA ? I = Value Units Submit Request Answer Given the reaction below, how will the concentration of A change if the concentration of B decreases by 0.046 M?3A(g)B(g)+C(g)Select the correct answer below:-It increases by 0.138 M.-It decreases by 0.015 M.-It increases by 0.015 M.-It decreases by 0.138 M. The periods of time when the unit is idle is called as a) Stalls b) Bubbles c) Hazards d) Both Stalls and Bubbles the flow rate is controlled in centrifugal pump by a) Pump b) Head c) Valve d) Tank pipe The fluid coming in the centrifugal pump is accelerating with the help of. a) Throttle b) Governor c) Nozzle d) Impeller