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PtichkaEL [24]
3 years ago
14

Frank Green purchased a home with a 10.25% rate mortgage for 25 years. His total monthly payments were $509.85. At the end of 3

years he owes the bank $55,000. Now that interest rates have gone up to 12.75%, the bank wants to renew the mortgage at this rate or Frank can pay $55,000. Frank decides to renew the mortgage, which will make his payments $610.50 a month. You can ignore the small amount of principal that has been paid. What is the monthly payment per thousand of the old mortgage? $ a0 What is the monthly payment per thousand of the new mortgage? $ a1 What is the percent of increase in his new monthly payment? a2 %
Mathematics
1 answer:
eimsori [14]3 years ago
7 0

Answer:

509.85/55= $9.27 old payment per thousand

610.50/55= $11.10 new payment per thousand

(11.10/9.27)-1= 0.197= 19.7% increase

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Answer:

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Step-by-step explanation:

Let the number he gave to Alaina be x. Now, we know he gave twice as many to Miguel. Amount received by Miguel is 2x.

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The converse of this is where we go in reverse: if we know the corresponding angles are congruent, then the lines are parallel.

Corresponding angles are ones where they are on the same side of the transversal line, and also on the same side of each adjacent parallel line. In this case, the angles 52 are to the right of the tranversal, and each are above their neighboring parallel line. We could say the two corresponding angles are both in the upper right hand corner (think of the two lines crossing to form 4 corners or regions)

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