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forsale [732]
2 years ago
8

Given that A varies directly as B and inversely as C and that; A=12 when B=3 and C=2. Find B when A=10 and C=1.5​

Mathematics
1 answer:
Kitty [74]2 years ago
6 0
<h3>Answer:</h3>

1.9

Step-by-step explanation:

<h3>The above is direct and inverse variation.</h3>

A = kB/C -----------(1)

A=12

B = 3

C= 2

substitute A, B and C into equation (1).

12 = K × 3/2

12 = 3k/2

12×2 = 3k

3K = 24

dividing bothsides by 3

3K/3 = 24/3

K = 8

substitute K = 8 into equation (1)

A = 8B /C --------------(2)

Equation (2) is the equation connecting

A,B and C.

Finding B when A = 10 and C = 1.5

10 = 8B / 1.5

10× 1.5 = 8B

15 = 8B

Dividing bothsides by 8 :

B = 15/8

B = 1.875

B = 1. 9 ( approximately)

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The amount add to the borrower's monthly payment is $313.33.

Given that lender requires PMI that is 0.8% of the loan amount of $470,000.

A loan's PMI, or personal mortgage insurance, is a type of mortgage insurance used by lenders when making traditional loans such as home loans. A PMI helps cover the loss to the lender (bank) if the borrower stops making monthly mortgage payments on their home loan. Therefore, the PMI can be described as a kind of risk mitigation tool for the bank when the borrower defaults on their EMIs (monthly mortgage payments). So, PMI for a borrower is an additional cost or payment for the borrower on top of his monthly payments i.e. EMI.

Thus, the additional amount of dollars that the borrower has to pay for the PMI on his loan along with his monthly mortgage payments

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Hence, the additional monthly payment for PMI where lender requires PMI that is 0.8% of the loan amount of $470,000 is $313.33.

Learn more about mortgage payment from here brainly.com/question/10400598

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