What is one difference between fixed–rate mortgages and variable–rate mortgages?

1 answer:

6 0

Answer: The answer would be Variable- rate mortgages usually start at lower interest rates than fixed-rate mortgages.

Step-by-step explanation:

First of all let us know what fixed-rate mortgages and variable-rate mortgages are.

In fixed rate mortgages interest rates are fixed when we take loan and remain same for loan's entire term and it has nothing to do with market interest rate changes.

While in variable-rate mortgages interest rates may go up and down because it changes as market interest rate change.

Upon looking at our options we can see that option B is correct because usually variable-rate mortgages start at lower interest rates than fixed-rate mortgages and goes up or down according to market interest rate change.

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joe and james are selling pies for a school fundraiser. Customers can buy blueberry pies and blackberry pies. Joe sold 5 blueber

dimulka [17.4K]

This is a system of equations problem.

Blueberry = X, blackberry = Y

Joe:
5x + 10y = 135

James:
x + 9y = 104

Let’s isolate x from James’ equation.
x = 104 - 9y

Now substitute that into the first equation.
5(104 - 9y) + 10y = 135

520 - 45y + 10y = 135

-35y = -385

y = -385/-35. The negatives cancel out, leaving us with $11 for blackberries.

Now we can substitute that value into James’s equation.

x + 9(11) = 104

x = 104 - 99

x = $5

Final answer: Blueberry pies cost $5, blackberry pies cost $11.

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2 years ago

Raymond has 120 books on his bookshelf that he has not read. He plans on reading 3 books per week until there are only 24 books

Oksi-84 [34.3K]

Answer: The correct option is (A) $120-3w=24;~32.$

Step-by-step explanation: Given that Raymond has 120 books on his bookshelf that he has not read. He plans on reading 3 books per week until there are only 24 books that he still needs to read.

We are to find the equation that can be used to determine the number of weeks it will take Raymond to have only 24 books left.

Also, we are to find the number of weeks.

The number of weeks it will take Raymond to have only 24 books left is represented by 'w'.

We have

number of books read by Raymond is 1 week = 3.

So, number of books read by Raymond is w weeks = 3w.

Since, there are total 120 books on his bookshelf, so the number of books left to read after w weeks will be

$120-3w.$