The amount of repayment AT THE END of the first year does not reduce the interest on the loan for the first year.
The interest of 6% per annum compounded monthly
= 12500*[(1+(0.06/12))^12-1]
= 770.97 (to the nearest cent)
Answer:
20 degrees
Step-by-step explanation:
A triangle's angles should 180 degrees added together, so 90 + 70 = 160, leaving 20 for the last angle.
Answer:
y = 5x + 4
Step-by-step explanation:
First I found the slope by using the the definition that slope is rise/run so I saw that the y value went up from 4 to 9 which is 5 units and then the x value went up one in that same time. This means that the slope is 5/1. Then I found the y intercept by seeing where x = 0. On the graph you can see the line touches the y - axis at a value of 4 which means that the y - intercept is 4. Plugging these values into the y = mx + b equation you get y = 5x + 4.
