Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
Answer:
what are we supposed to answer? im confused.. i can help i just dont know what to answer
Step-by-step explanation:
Answer: 81 people
Step-by-step explanation:
Number of people that attended fair on Saturday = 6737
Number of people that got free admission = 6737/188 = 35.8.
Free admission on Saturday = 35
Number of people that attended fair on Saturday = 8669
Number of people that got free admission = 8669/188 = 46.1
Free admission on Sunday = 46
The people who received a free admission over the two days will be:
= 35 + 46
= 81 people
The third option is correct
Option D, 63 cm
Explanation:
The scale of model is of local park is
This means that each dimension of the model is 21 times smaller than the actual park (to be developed in future)
Given -
Depth of the pond centi meter
Depth of the real pond will be 21 times of the depth of the model.
Thus , real pond's depth is equal to
cm
Hence, option D is correct
