Cathy took out a 10-year loan for $20,000 and paid 5.20% annual simple interest
• Steven took out a 15-year loan for $20,000 and paid 4.80% annual simple interest

What is the difference between the amounts of interest Cathy and Steven paid for their loans?

Solved

Show answers

Ответ:

jan1829

15.02.2023

Mathematics

7x+2y=24
8x+2y=30

15x=30

x=2
then plug x into one of the equations to find y

0,0(0 оценок)

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.

Ask your question

More tips

C Computers and Internet How Much Does an iPhone Cost in America?...
F Family and Home How to Choose the Best Diapers for Your Baby?...
H Health and Medicine Headache: A Comprehensive Guide to Treatment...
C Computers and Internet How to Properly Order Clothing from International Online Stores...
A Auto and Moto Mastering One-Movement Parking: All You Need to Know...
D Dating, Love, Relationships How Long Can Love Last?...
S Society and Politics Is It Fact or Fiction? Let s Talk About Anton Chekhov s Pseudonym...
F Food and Cooking How to Find Your Zip Code?...
S Style and Beauty How to choose the best mascara for your eyelashes...
S Style and Beauty How to Apply Foundation Correctly?...

Answers on questions: Mathematics

M Mathematics A skydiver falls at a rate of 144 feet in three seconds. How far is he falling each second? A) 141 ft B) 432 ft C) 48 ft D) 147 ft...
M Mathematics I LL GIVE OUT 23 POINTS SO PLEASE ANSWER THIS THANK YOUUU I ll ADD IN THE PHOTO FOR THE THING BUT JUST IN CASE YOU CAN T ACCESS IT I LL TYPE IT OUT!! The figure shows...
C Computers and Technology Which of the following is not a group of energy sources? a nonrenewable b limited c unlimited d renewable...
M Mathematics For the following system, use the second equation to make a substitution for y in the first equation. 2x + y = 5 y + 3 = 2x...
C Chemistry Ethan pushes a wooden box across a carpeted floor. then he pushes the same box across a smooth marble floor. why does ethan find it easier to push the box on the marble...
P Physics 8. A 25 kg sled is pulled across a horizontal surface by a 200 N force at a constant velocity. What is the coefficient of friction between the sled and the surface?...
E English Read an excerpt from Television and the Public Interest and answer the question. The speech was delivered by Newton N. Minow, chairman of the Federal Communications...

Ask an AI advisor a question

I want advice

Cathy took out a 10-year loan for $20,000 and paid 5.20% annual simple interest • Steven took out a 15-year loan for $20,000 and paid 4.80% annual simple interest What is the difference between the amounts of interest Cathy and Steven paid for their loans?