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: 19.63
Step-by-step explanation:
A = pir^2 , pi*2.5^2 = 19.63
The answer is A. <span>Work backward.
Hong started talking with her friends at 10:10.
Hong started eating at 9:30.
Hong started shopping at 8:45.
Hong woke up at 8:25.</span>
You can pack up to 10 1/5 pounds more stuff without going over
4.95+4.95×0.05=5.20
5 dollars 20 cents
