1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PSYCHO15rus [73]
3 years ago
5

Maria takes out a $135,000 mortgage at 4.9% and plans to pay it back in 15 years. Her monthly payment is $1,061. What proportion

of the total loan payments Maria makes goes to interest?
Mathematics
1 answer:
OLEGan [10]3 years ago
5 0

<u>ANSWER: </u>

\frac{311}{1061} th proportion of the total loan payments Maria makes goes to interest

<u>SOLUTION: </u>

Given, Maria takes out a $135,000 mortgage at 4.9%  

And plans to pay it back in 15 years.  

Her monthly payment is $1,061.  

We need to find what proportion of the total loan payments Maria makes goes to interest?

Now, let us find the total payment made by her.

Total payment = monthly payment \times 12 months \times  15 years

= 1061 x 12 x 15  = 190980

Now,  

Interest amount for 15 years = total payment – mortgage amount taken by her.

= 190980 – 135000  = 55980

Now, proportion of interest = \frac{\text { interest paid }}{\text { total loan payments }}

=\frac{55980}{190980}=\frac{311}{1061}

Hence \frac{311}{1061} th proportion of the total loan payments Maria makes goes to interest

You might be interested in
Solving systems of linear inequalities
PIT_PIT [208]

Answer:

YES. (2, 7) is a solution of the system.

Step-by-step explanation:

System of linear inequalities has been given as,

y ≥ -x + 1 --------(1)

y < 4x + 2 ------(2)

If (2, 7) is a solution of the given system of inequalities, it will satisfy both the inequalities.

By substituting the coordinates of point (2, 7) in inequality (1),

7 ≥ -2 + 1

7 ≥ -1

True.

By substituting the coordinates of point (2, 7) in inequality (2),

7 < 4(2) + 1

7 < 9

True.

Therefore, point (2, 7) lie in the solution area of system of inequalities.

YES. (2, 7) is a solution of the system.

4 0
3 years ago
Jerome is making a display of chocolate tins in his store. there will be 1 tin on top. each row will have 2 additional tins. he
Levart [38]

8 rows is the answer


3 0
3 years ago
An oil tank in the shape of a cylinder has a diameter of 40 feet and a height of 32 feet. Which expression can be used to find t
Volgvan

The volume of a cylinder is pi*r^2*h

The radius is half the diameter, so 40/2=20, and the radius is 20 ft.

Plugging in: pi*20^2*32=pi*400*32=12800pi=40212.38597

So the volume is about 40212.4 ft^3 and the expression we used is pi*20^2*32

Hope this helped!

8 0
4 years ago
The five new teachers at a school were surveyed. Is this sample of teachers at the school likely to be biased?
nordsb [41]

Answer:

yes because since they are new they are all going to have a different opinion on the school than other teachers thats been there for years

hope this helps

have a good day :)

Step-by-step explanation:

8 0
3 years ago
Read 2 more answers
7.875 rounded to the nearest tenth
IRISSAK [1]
Find the number in the tenth place
8
8
and look one place to the right for the rounding digit
7
7
. Round up if this number is greater than or equal to
5
5
and round down if it is less than
5
5
.
7.9
5 0
3 years ago
Read 2 more answers
Other questions:
  • Sophia is designing a piece of square art that must be four feet on each side. Which method could she use to most accurately det
    10·2 answers
  • What does quantity mean in math is it addition multiplication division or subtraction?
    10·1 answer
  • What is the common difference of the sequence -31, -23, -15?
    7·1 answer
  • Which is the last operation performed when evaluating (8 minus 2 x) squared + 4 for x = 3?
    9·1 answer
  • When Teddy filled up the tank on his moped, it cost $5.03. How much gas did his
    9·2 answers
  • Solve for :<br>(x+3)/2=6​
    7·1 answer
  • Linear Algebra: Permutation Matrices Let M be the matrix {{0,0,0,1,0}, {0,0,1,0,0}, {0,1,0,0,0}, {0,0,0,0,1}{1,0,0,0,0}}. What i
    10·1 answer
  • PLEASE HELP! 25 POINTS!
    11·1 answer
  • Tacoma's population in 2000 was about 200 thousand, and has been growing by about 8% each year. If this continues, what will Tac
    11·1 answer
  • Please help me fast this is due tomorrow!!
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!