Answer:
The principal amount was $23,393.45
Step-by-step explanation:
The total amount paid on a 35 year loan was $98,000 at the rate of interest 4.1%
We will calculate Principal amount by this formula
Where A = amount (98,000)
P = Principal amount (P)
r = rate of interest 4.1% (0.041)
n = number of compounding interest monthly (12)
t = time (35 years)
98,000 = P(4.189386)
= 4.189386P = 98,000
P =
P = 23,392.4494 ≈ $23,392.45
The principal amount was $23,393.45
Answer:
Step-by-step explanation:
Given
- × -
( negative times negative = positive )
= ×
( cancel the 4 on the numerator and denominator )
=
Answer: 72 cars.
Step-by-step explanation:
Let be "x" the number of toys that Moby had to start with.
According to the information given in the exercise, Moby sold half his toy car collection. This can be represented with the following expression:
Then he bought 12 more cars, giving a total amount of 48 toy cars.
Therefore, the equation that represents this situation is the equation shown below:
Now you must solve for "x" in order to find its value.
You get that this is: