Alisha has a five–year car loan of $15,000 with an interest rate of 6 percent. if the interest is compounded annually, how much will she pay in total for her car? $19,500.25 $15,900.50 $20,073.38

Option C. $20,073.38

Step-by-step explanation:

Alisha has a five-year car loan of $15,000 with an interest rate of 6%.

To calculate how much amount she will pay in total for her car, we use the formula of compound interest.

A = amount after 5 years

P = Principal amount ( 15,000 )

r = Rate of interest 6% ( 0.06)

t = time in years (5)

n = number of compounding in a year (1)

Now we plug these numbers in the formula

= 15,000 ( 1.06)

= 15,000 × 1.338226

= $20,073.38

Alisha will pay $20,073.38 in total for her car.

0.85 or 85%

step-by-step explanation:

1) divide 23 by 27

2) round the decimal to the nearest 10

3) so your answer would be 0.85 or 85%

let x be the money she spent so that she can earn the free t-shirt.

since, she already spent $112.49

⇒

also, as per the statement: jennifer must spend $250 or more in order to qualify for a free t-shirt at the store.

then,

we have an inequality i.,e

subtract 112.49 from both sides we get;

therefore, $137. 51 more money does jennifer need to spend so that she can earn the free t-shirt