together, steve and tom sold 7777 raffle tickets for their school. steve sold 1414 more than twicetwice as many raffle tickets
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The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $ 295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Answer:
k = 11
Step-by-step explanation:
Given the points are collinear then the slopes between consecutive points are equal.
Using the slope formula
m =
with (x₁, y₁ ) = (5, 1) and (x₂, y₂ ) = (1, - 1)
m = =
=
Repeat with another 2 points and equate to
with (x₁, y₁ ) = (1, - 1) and (x₂, y₂ ) = (k, 4)
m = , then
=
( cross- multiply )
k - 1 = 10 ( add 1 to both sides )
k = 11