Dr. Drake is thinking about retirement and decides to sail around the world once he retires. He buys a sailboat for $125,000. He borrows the money at an APR of 7.5% for five years. He uses the monthly payment formula comes up with a monthly payment of $2,504.74. How much will his total interest be?

d (5 x (-20)) * (100 x (0.7))

step-by-step explanation:

5÷1/100 * -.7 *-20

copy dot flip

5*100 * -.7 *-20

rearrange

5*-20 * 100 *-.7

-100 *-70

7000

[tex]30 points! the steps to simplify the expression are shown below, with one step missing. which is th[/tex]

wholesale price is the initial price before markup. retail price comes after the markup.

a price of 8 bucks that's marked up by 100% is

formula: initial price + (percent markup in fraction/decimal)(initial price)

8+(1)(8)

8+8

16

retail price is $16.

$46875.

Step-by-step explanation:

We have been given that Dr. Drake buys a sailboat for 125000. He borrows the money at an APR of 7.5% for five years.

We will find total interest after 5 years by using simple interest formula

A=P(1=rT), where,

A= Amount after T years.

P= Principal amount.

r= The annual interest rate (in decimal form).

T= Time in years.

First of all we will convert our given interest rate from percent to decimal form.

7.5 precent= 0.075

Now let us substitute our given values in above formula.

A=125,000 (1+(0.075 x 5))

A=125,000 (1+0.375)

A=125,000 (1.375)

A=171875

To find the amount of total interest we will subtract principal amount from 171875.

Total amount of interest= 171875 - 125000

Total Amount of interest= 46875

Therefore, the total interest after 5 years will be $46875.

I hope this helps 🙂