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BigorU [14]
3 years ago
8

The perimeter of a rectangular field is 364 yards. If the width of the field is 83 yards, what is the length

Mathematics
1 answer:
zimovet [89]3 years ago
5 0

Answer:

99 yards

Step-by-step explanation:

To find the perimeter of a rectangle, the equation is perimeter = 2(width) +2(height). When we plug the known variables into this equation, it is 364 = 166 + 2(height). Now all we have to do is isolate the variable like in any algebra equation, leaving us with our final answer of 99 = height.

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Solve for the following equation step by step and justify your steps when using an exponential property.
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Unit 7 - Mid Unit Assessment - Grade 8
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3 years ago
A restaurant manager has the option of a 30-year loan of $417,000 at an annual interest rate of 3.85% or the same interest rate
victus00 [196]

a) The monthly payment for each loan is as follows:

30-year $1,954.93

15-year $3,053.25

b) The savings in interest by using the 15-year loan is <u>$154,189,20</u> ($286,774.20 - $132,585).

c) No. the monthly payment for the 15-year loan is <u>not twice</u> that of the 30-year loan as the loan term.

d) The interest savings for the 15-year loan are <u>more</u> than one-half of the interest paid on the 30-year loan.

<h3>How are the calculations for periodic payments done?</h3>

The calculations for the monthly payments, including interests can be carried out using an online finance calculator, as follows:

<h3>30-year Loan:</h3>

N (# of periods) = 360 months (12 x 30 years)

I/Y (Interest per year) = 3.85%

PV (Present Value) = $417000

FV (Future Value) = $0

<u>Results</u>:

PMT = $1,954.93

Sum of all periodic payments = $703,774.80 ($1,954.93 x 360)

Total Interest = $286,774.20 ($703,774.80 - $417,000)

<h3>15-year Loan:</h3>

N (# of periods) = 180 months (12 x 15 years)

I/Y (Interest per year) = 3.85%

PV (Present Value) = $417000

FV (Future Value) = $0

<u>Results</u>:

PMT = $3,053.25

Sum of all periodic payments = $549,585 ($3,053.25 x 180)

Total Interest = $132,585 ($549,585 - $417,000)

Learn more about periodic payments at brainly.com/question/13098072

#SPJ1

7 0
1 year ago
Which statement is true ?
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