If you purchase an item for $1,232 at an interest rate of 9.8%, and you finance it for 1 year, how much is the amount of add-on interest? (Round your answer to the nearest dollar.)
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If you enter Interstate 40 at mile marker 23 in Sayre, Oklahoma, how far would you need to travel to reach mile marker 125 in El Reno,Oklahoma? After reaching El Reno, you might worry that your vehicle is running low on fuel. You know that your vehicle can travel 32 miles per gallon (miles/gallon).
Write an inequality that shows the mile markers (m) that you can reach from El Reno, traveling in either direction, when g is the amount of fuel, in gallons, in your vehicle. Explain what this means.
ok well do not respond. I just need the steps even if it is with different numbers.THANKS WRITEACHER
Monica, the point is that if the math tutors here don't know what YOU KNOW so far, it's hard for them to help you without simply solving it for you ... which rarely helps anyone. When you post questions, please be sure to let them know what you have done or have learned so far. Then they can help you far better.
Thanks!
add on interest? Principal*i=1232*.098
To find the amount of add-on interest, you can use the formula:
Add-on Interest = Principal x Interest Rate
First, convert the interest rate to a decimal by dividing it by 100: 9.8% / 100 = 0.098
Then, multiply the principal ($1,232) by the interest rate (0.098):
Add-on Interest = $1,232 x 0.098
Calculating the multiplication:
Add-on Interest = $120.736
Since we need to round the answer to the nearest dollar, the amount of add-on interest is approximately $121.