Answer:
9
Step-by-step explanation:
total parts= 3+7=10
12=4 parts
1 part=3
3*3=9
Answer:
The monthly payment for the loan amount for 20 years is $806.167
Step-by-step explanation:
The principal loan amount= $ 50,000
The rate of interest = 7 %
the time period of loan = 20 years = 20 × 12 = 240 months
let the amount after 20 years = $ A
<u>From Compounded method</u>
Amount = Principal × 
or, A = 50,000 × 
or, A = 50,000 × 
Or, A = 50,000 × 3.8696
∴ Amount = $ 193,480
So, The amount after 20 years = $ 193,480
The monthly payment amount = $
= $ 806.167
Hence The monthly payment for the loan amount for 20 years is $806.167 Answer
We are required to find the total sum of money given the fraction
The total sum of money is $9
let
<em>Total sum of money</em> = x
<em>8 1/3 of x = $75</em>
8 1/3 × x = $75
25/3 × x = 75
25/3x = 75
Divide both sides by 25/3
x = 75 ÷ 25/3
x = 75 × 3/25
x = (75 × 3) / 25
x = 225 / 25
x = 9
Therefore, the total sum of money is $9
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