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wel
3 years ago
6

For a fixed loan amount, what happens to the monthly payment as the annual rate increases? a. as the annual rate increases, the

monthly payment increases c. as the annual rate increases, the monthly payment stays the same b. as the annual rate increases, the monthly payment decreases d. no correlation
Mathematics
2 answers:
Vladimir [108]3 years ago
5 0
Your answer would be A as the annual rate increases, so does the monthly.
GarryVolchara [31]3 years ago
3 0

Answer:

c. as the annual rate increases, the monthly payment stays the same.

Step-by-step explanation:

A loan is an amount of money given by individuals, organizations to borrower over a period of time and to repay the principal amount  with interest.

A fixed loan amount means that a borrower pays the same amount through each stage of agreed payment of the loan. The amount paid installmentally should not vary or fluctuate during the life of the loan. The amount paid by the borrower every month is fixed, thereby ensures that the loan is paid off in full with interest at the end of its term. As the annual rate increases, the monthly payment stays the same but the number of years may increase.

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1. Calculate the simple interest over an amount of N$ 2500 that is invested for 3 years and 6 months at a rate of 7% pa.​
Umnica [9.8K]

Answer:

N$  612.5

Step by step explaination:

Given,

Principal or'P'=N$2500

Time or'n'=3 years & 6 months or 3.5 years

Rate of profit or 'r'=7% or 7/100

Profit or 'I'=?

_____________________________________

We know,

I=P*n*r

I=2500*3.5*7/100

I=612.5

So,simple interest is N$  612.5.

3 0
3 years ago
A microscope shows you an image of an object that is 160 times the object's actual size. So the scale factor of the enlargement
Vedmedyk [2.9K]

Answer: A

Step-by-step explanation:image of insect under microscope = scale factor × insect size = 160 × 2 = 320 millimeters

7 0
3 years ago
Which property is illustrated by the following statement? If ZXY= FDE, and FDE= CAB, then ZXY=CAB
blagie [28]

Answer:

Transitive property of equality

Step-by-step explanation:

By the definition of transitivity, a relation R is said to be transitive if (a, b) ∈ R and (b, c) ∈ R, then (a, c) ∈ R.

If p = q, q = r then p = r.

Here, we have given that if ZXY = FDE and FDE = CAB, then, ZXY = CAB.

Therefore, it shows the transitive property of equality.

5 0
3 years ago
Read 2 more answers
Pls help me need help
Rashid [163]

Answer:1,4/5

Step-by-step explanation:https://www.cymath.com/answer?q=5x%5E2%2Bx%3D4

5 0
3 years ago
Their is a rectangle that has measurements in inches. If the width is 7/8 of an inch and the height is 2/3 of an inch, what is t
Alex Ar [27]

Answer:

Area of a rectangle = 7/12 of an inch

Step-by-step explanation

Area of a rectangle = Length × width

In this case, the length is represented by height

Height = 2/3 of an inch

Width = 7/8 of an inch

Area of a rectangle = Length × width

= 2/3 × 7/8

= (2 * 7) / (3 * 8)

= 14 / 24

= 7 / 12

Area of a rectangle = 7/12 of an inch

7 0
3 years ago
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