Answer:
$106
Step-by-step explanation:
The formula given for Monthly payment of a loan =
P × [ r (1 + r)/(1 + r)^n - 1
Where
r = interest rate
n = number of monthly payments
P = Present value of the loan
From the question,
r = interest rate, we were told to ignore hence, r = 0
P = $3,175
n = 30
Hence,
Amount to be paid monthly = P/n
= $3175/30
= $105.83
Approximately to the nearest dollars
= $106
Answer:
3.1%
Step-by-step explanation:
6/196 × 100% = 3.1%
Answer:
Interest She'll make in a year is $30.10125
Step-by-step explanation:
Interest = PRT ÷ 100
Principal = $523.50
Rate = 5³/₄% = 5.75%
Time= 1year
Interest I = (523.50 × 5.75 × 1) ÷ 100 = $30.10125
Interest She'll make in a year is $30.10125
Answer: 17/7
Step-by-step explanation: Step 1: Simplify both sides of the equation. y+4/15 + 2y−5/5 = 2/5 1/15 y+ 4/15 + 2/5 y+−1= 2/5 (Distribute) ( 1/15 y+ 2/5 y)+( 4/15 +−1)= 2/5 (Combine Like Terms) 7/15 y+ −11/15 = 2/5 7/15 y+ −11/15 = 2/5 Step 2: Add 11/15 to both sides. 7/15 y+ −11/15 + 11/15 = 2/5 + 11/15 7 15 y= 17/15
