Step-by-step explanation:
7+2x-2 = 4x -3
5= 2x -3
2x = 8
x = 4
Answer:
$1516.69 per month less
Step-by-step explanation:
The formula for the monthly payment A on a loan of principal P, annual rate r, for t years is ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
For the 18.5% loan, the monthly payment is ...
A = 150000(.185/12)/(1 -(1 +.185/12)^(-12·30)) ≈ 2321.92
For the 5% loan, the monthly payment is ...
A = 150000(.05/12)/(1 -(1 +.05/12)^-360) ≈ 805.23
The mortgage at 5% would be $1516.69 less per month.
<span>1000 cm^2(1 meter/100 cm)(1 meter/100 cm) = 1000/(100)^2 square meters
= 1000/10000 sq. meters = 1/10 sq. meters</span>
