Answer:
B. The number of years between adjustments in the interest rate
Step-by-step explanation:
The "5" in "5/1" means there will not be any adjustment in interest rate for the first 5 years.
The "1" in "5/1" means interest rates may be adjusted at 1-year intervals after the initial 5-year period.
Answer:
To write 6.716 as a fraction you have to write 6.716 as numerator and put 1 as the denominator. Now you multiply numerator and denominator by 10 as long as you get in numerator the whole number.
6.716 = 6.716/1 = 67.16/10 = 671.6/100 = 6716/1000
And finally we have:
6.716 as a fraction equals 6716/1000
Well, the answer to the question in your picture is $1200.
If x is the original price, and we took 23%, or 0.23 from that, we are left with 77%, or 0.77 of the full price.
So 0.77x = 924
x = 924/0.77
x = 1,200
1200 - 0.23(1200) = 924
924 = 0.77x
