Plug in 7 for x and 24 for v
The payments are ...
A = P(r/n)/(1 -(1+r/n)^(-nt))
where P is the principal amount, $699,000*0.80 = $559,200
r is the annual interest rate, 0.05
n is the number of compoundings per year, 12
t is the number of years.
Then
A = 559,200*(0.05/12)/(1 -(1 +0.05/12)^(-12*35)) = 2822.21
The total of 420 of these payments is $1,185,328.20, which is $626,128.20 more than the loan amount.
Jamie's total finance charge is about $626,128.20.
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There is always some minor adustment required in the amount of the last payment. That has not been taken into account here.
-4.6(2.2x+3y=15.25) = -10.12x - 13.8y = -70.15
2.2(4.6x+2.1y=18.325) = 10.12x - 4.62y = 40.315
simplify
-4.62y = -29.835
divide both sides by -4.62 to isolate y
y= 6.46
2.2x + 3 (6.46) = 15.25
2.2x + 19.38 = 15.25
subtract 19.38 to both sides
2.2x = -4.3
divide 2.2 to both sides
x= -1.95
I hope that this helped :)
Answer:
x/y = 3/8
Step-by-step explanation:
y = 4/5 = 8/10, so ...
x/y = (3/10)/(8/10) = 3/8
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One way to divide fractions is to make them have the same denominator. Then their ratio is the ratio of their numerators.
