Answer:
26 percent would be your answer.
Answer:
Kristi
Step-by-step explanation:
The formula for Simple Interest =
Principal × Rate × Time
For Kristi
Kristi invests $3,000 at a 7.25% annual simple interest rate,
Principal = $3000
Rate = 7.25% = 0.0725
Time = 1
Simple interest = $3000 × 0.0725 × 1
= $217.5
For Kari
Her sister Kari invests $3,200 at a 6.25% annual simple interest rate.
Principal = $3200
Rate = 6.25% = 0.0625
Time = 1
Simple interest = $3200 × 0.0625 × 1
= $200
From the above calculation, we can see that: Kristi will earn the greater amount of interest after one year
Answer: rotation then translation
Step-by-step explanation:
Answer:
$1,700
Step-by-step explanation:
Given the following :
Period of mortgage = 25 years
Mortgage amount = $130,000
Total interest on mortgage = $380,000
Hence,
Total amount to be paid ( principal + interest) :
($130,000 + $380,000) = $510,000
Total number of months over the 25 years period:
25 × 12 = 300 months
Payment per month:
Total repayment / number of months
= $510,000 / 300
= $1,700 per month
