Question: I need some help. Celeste Nowsher borrowed $6200 from her father to buy a used car. She repaid him after 9 months, at an annual

I need some help.

Celeste Nowsher borrowed $6200 from her father to buy a used car. She repaid him after 9 months, at an annual interest rate of 8 8%. Find the total amount she repaid. How much of this amount in interest? The total amount she repaid is $ Of this amount $ of it is interest [Round to the nearest cent as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Celeste Nossiter borrowed $5600 from her father to buy a used car. She repaid him after 3 months, at an annual interest rate of 6.6%. Find the total amount she repaid Celeste Nossiter borrowed $5600...

part 1 part 2 part 3 part 4 part 5 Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $7000 at 7% compounded...

Financial Math Find the interest rate for a $6000 deposit accumulating to $7395.31, compounded quarterly for 6 years. Find the interest rate for the given deposit and compound amount. $4100...

Question 5Thank you, I give good ratings!! Celeste Nossiter borrowed $7800 from her father to buy a used car. She repaid him after 8 months, at an annual interest rate of 8.7%. Find the total amount...

Celeste Nossiter borrowed $8100 from her father to buy a used car. She repaid him after 8 months, at an annual interest rate of 3.5%. Find the total amount she repaid. How much of this amount is...

Statistics 0' Find the compound amount for the deposit and the amount of interest earned. $14,000 at 7% compounded monthly for 15 years Find the present value (the amount that should be invested now...

Word problems statistics 6' Find the compound amount for the deposit and the amount of interest earned. $14,000 at 7% compounded monthly for 15 years Find the present value (the amount that should be...

1. The scrap value of a machine at the end of its useful life is given by S(n)=C(1r)n, where C is the original cost, n is the useful life of the machine in years, and r is the constant annual...

Celeste Nossiter borrowed $8800 from her father to buy a used car. She repaid him after 5 months, at an annual interest rate of 7.2%. Find the total amount she repaid. How much of this amount is...

Celeste Nossiter borrowed $7,500 from her father to buy a used car. She repaid him after 9 months, at an annual interest rate of 8.4%. Find the total amount she repaid. How much of this amount is...

The addition of a hydrogen halide (hydrogen bromide or hydrogen chloride) to 1-phenyl 1,3-butadiene produces (only) 1-phenyl- 3-halo-1-butene. (a) Write a mechanism that accounts for the formation of...

What is the difference between a growth company and a growth stock?

Lawry Corp. purchased equipment for $ 1 0 0 , 0 0 0 and incorrectly recorded the equipment as inventory. The equipment has a useful life of 1 0 years with no residual value. The entry to correct this...

Chapter 8 - overview with Kimmel : How should companies report receivables in the financial statements? Does it prove to be problematic for companies to determine the amount to report in the...