You borrow $900 to buy a laptop. You plan to pay off the loan after 5 years of equal monthly payments. After 10 payments, you have $1200 left to pay. What is the simple annual interest rate of your loan?

The simple annual interest rate on my loan is 12%

Step-by-step explanation:

I planned to pay off the loan after 5 years of equal payments; There are 12 months that make up one year and the total number of months in five years = 12 × 5 = 60 months. This means that I planned to pay off the loan after 60 equal monthly payments.

If I have also made 10 of such monthly payments already and I have $1,200 left, it means that I now have 50 more months to clear the $1,200 that is left.

If I have $1,200 left to pay in 50 months, then my average payment per month is =

$1,200/50 = $24

Since I pay $24 monthly which includes part of the principal and the interest, then my total payment over the five years (60 months) will be = 24 × 60 = $1,440 (Principal+interest).

If the principal borrowed was $900, then the interest charged on the money over the 5 years = $1,440 - $900 = $540

With the interest known, we will now use the simple interest formula to find the simple annual interest rate on the loan.

Simple interest = (Principal×Rate×Time)/100

Where, S.I = $540

P = $900

T = 5years

R = ?%

540 = (900 × R × 5)/100

45R = 540

R = 540/45

R = 12%

Therefore, the simple annual interest rate on my loan is 12%

step-by-step explanation:

ok one would be money, and the other would be refreshments or something similar. if each bag of popcorn is 5.00 and each drink is half of that that means drinks are 2.50 the proper way to do that would to look and see how much of each you can buy without exceeding a limit of 30.00

so firstly, we need to isolate the y variables to be able to solve these inequalities. firstly, add 0.5x on both sides of the first inequality and subtract 1.5x on both sides of the second inequality:

now since the slope is positive for the first inequality, this means that the line going upwards belongs to the first inequality, and the line going downwards belongs to the second inequality.

next, since y ≥ in the first inequality, this means that the shaded region will be above the first inequality's line, thus shading regions a and b.

next, since y ≤ in the second inequality, this means that the shaded region is going to be below this line, thus shading regions a and c.

since both lines shade region a, this means that region a is the solution.

step-by-step explanation:

mark brainliest!