1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sunny_sXe [5.5K]
3 years ago
9

Ralph Phillips obtained a 12 month, $1500.00 loan at 12%. His monthly payment is $135.20. For the first payment find:

Mathematics
1 answer:
Vika [28.1K]3 years ago
6 0

Answer:

a. The interest is  US$ 8.20

b. The payment to principal is US$ 125.

c. The new balance is: US$ 1,465.20 (including principal and interest) or US$ 1,375 (just the principal).

Step-by-step explanation:

1. Let's review the information given to answer this question correctly:

Loan obtained by Ralph Phillips = US$ 1,500

Time of paying back the loan = 12 months

Interest rate of the loan = 12%

Monthly payment = US$ 133.20

2. Let's find a, b and c.

The principal is US$ 1,500. Dividing it by 12 months, the monthly payment of principal is US$ 125. Therefore,

a. The interest is (133.20 - 125) = US$ 8.20

b. The payment to principal is US$ 125.

c. The new balance is: US$ 1,465.20 (including principal and interest) or US$ 1,375 (just the principal).

Read more on Brainly.com - brainly.com/question/14129154#readmore

Step-by-step explanation:

You might be interested in
Nine and one half less than four and one half times a number is greater than 62,5. Which of the following represents
morpeh [17]

Answer: (16,O0) That is 16 to positive infinity

Step-by-step explanation:

4.5x - 9.5 > 62.5

4.5x > 62,5 + 9.5

4.5x > 72

x > 72/ 4.5

x> 16

So all real numbers greater than 16 is the solution set.

(16,O0)

I wish I had the infinity symbol on this keyboard!

7 0
3 years ago
Read 2 more answers
3x + 2 = 14 what number makes this true?<br> A. 1<br> B. 2<br> C. 4<br> D. 6
Ksenya-84 [330]

Answer:

4

Step-by-step explanation:

3*4+2=14

12+2=14

14=14

5 0
2 years ago
Read 2 more answers
How to draw the angles and how did you fine the angle.
nadezda [96]
I think it's option c. 
8 0
3 years ago
For which triangle does the equation 42 + 42 = c2 apply?
Softa [21]

Answer:

Figure 2 is correct

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
Which scenario is represented by the equation below:
Papessa [141]
It's C I Believe Hope This Helpes

5 0
3 years ago
Other questions:
  • A test consists of 490 true or false questions. If the student guesses on each question, what is the standard deviation of the n
    5·1 answer
  • Jason is three roommates share the cost of the electric bill $108 evenly
    12·1 answer
  • HELP!!
    8·1 answer
  • Evaluate 3r³+5,when r=2
    5·2 answers
  • what is the probability of rolling 15 with a pair of dice? answer in likely, unlikely, equally likely, or impossible
    8·1 answer
  • Enrique is on a diet. His weight change in pounds can be described as between
    11·1 answer
  • I will venmo 5-10 dollars anyone who can do my Spanish homework please I can’t read this just answer the questions to the slides
    13·1 answer
  • HELPPP plzzzzzz im so lost i hate math -.-
    12·2 answers
  • What is the area? Please help
    13·2 answers
  • It’s question 14 I need help with please it’s due soon
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!