Answer:
$1,220,200
Step-by-step explanation:
The total of Mary's payments is ...
$3695.20/mo × 30 yr × 12 mo/yr = $1,330,200
The difference between this repayment amount and the value of her loan is the interest she pays:
$1,330,200 -110,000 = $1,220,200 . . . total interest paid
_____
Mary's effective interest rate is about 40.31% per year--exorbitant by any standard.
When you take this problem and simplify it you get 9p-3
Answer:
26
Step-by-step explanation:
The sum of angles in a triangle is 180 degrees, use this and set up an equation;
x + ( 4x -5 ) + 55 = 180
Simplify
x + ( 4x - 5 ) + 55 = 180
5x + 50 = 180
Inverse operations;
5x + 50 = 180
-50 - 50
5x = 130
/5 /5
x = 26
