Answer:
Explanation:
<u>1. Calculate the monthly interest owed during year 1</u>
<u />
- <em>Interest for first year: 8%</em>
- The monthly rate is the yearly rate divided by 12: 8% / 12 = 0.08/12
- The monthly interest owed is the monthly rate times the balance: (0.08/12)×$1,800 = $12.00
<u>2. Calculate the monthly interest owed during year 2</u>
<u />
- <em>Interest for second year: 23%</em>
- The montly rate is the yearly rate divided by 12: 23% / 12 = 0.23/12
- The monthly interest owed is the monthly rate times the balance: (0.23/12)×$1,800 = $34.50
<u>3. Calculate the difference</u>
- Difference in the monthly interest owed during year 1 and year 2 = $34.50 - $12.00 = $22.50
Hence, the answer is the option c) $22.50
The answer is
x=10+2y
Steps:
2(x-2y)=20
x-2y=20/2 (in fraction form 20/2)
x-2y=10
X=10+2y
Answer:
265.65
Step-by-step explanation:
(3.75*39)+(27*5.95)-(11*3.75) = 265.65
Answer:
Area = 836
Step-by-step explanation:
Area = 1/2 bh
Area = 1/2 (44)(38)
Area = 1/2 1672
Area = 836
