9514 1404 393
Answer:
- $137.90 more each month
- $246.00 less total interest
Step-by-step explanation:
The amortization formula is ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for the monthly payment on principal P at annual rate r for t years. Here, we have P=3300, r = 0.14, and t=1, so the monthly payment is ...
A = $3300(0.14/12)/(1 -(1 +0.14/12)^-12) ≈ $296.30
The payment of $296.30 is ...
$295.30 -158.40 = $137.90 . . . more each month
The total amount paid is 12×$296.30 = $3555.60, so 255.60 in interest. This amount is ...
$501.60 -255.60 = $246.00 . . . less total interest
Let’s estimate the students to 20 and the dollars to 25 so you would multiply 20 by 25 which equals 500 so $500 would be your answer
10 x 25 = 250, well 20 x 25 is just double that, its 10 doubled x 25 so he probably just added it up. repeated addition really helps with times tables.
Answer:
The correct answer is "
".
Step-by-step explanation:
According to the question,
⇒ 
We know that,
⇒ 
⇒ 
∵ 
Now,
⇒ 
By putting the value, we get
