Answer:
Step-by-step explanation:
How much would the mortgage payment be on a $500K house? Assuming you have a 20% down payment ($100,000), your total mortgage on a $500,000 home would be $400,000. For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $1,796 monthly payment.
The amount of interest after 3 years will be $15.
The complete question is given below.
You loaned a friend $100 and will charge him 5% annual simple interest when he pay it back. What is the amount of interest after 3 years?
<h3>What is simple interest?</h3>
Simple interest is the concept that is used in many companies such as banking, finance, automobile, and so on.
The interest is given as
I = (P × R × T) / 100
Where, P is the initial amount, R is simple interest rate, and T is the time.
We have
P = $100
R = 5%
T = 3 years
Then the interest will be
I = (100 × 5 × 3) / 100
I = $15
More about the simple interest link is given below.
brainly.com/question/2793278
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Here is the procedure step by step. 1) Set the equation that models the
situation: gross pay = 400.00 + 0.80x, where x is the number of units
completed by the worker. 2) Substitute the value of x for 1425 units:
gross pay = $400.00 + $0.80 (1425). 3) Do the math: gross pay = $400.00 +
$1140 = $1540. Then,the answer is $ 1540.
Answer:
There are 24 girls.
Step-by-step explanation:
56 total students divided into 7 parts (4 parts boys and 3 parts girls) is 8.
8 times 3(ratio of girls) is equal to 24.
