It is given in the question that
The temperature measured in Kelvin (K) is the temperature measured in Celsius (C) increased by 273.15. This can be modeled by the equation
To solve for C, we need to get rid of 273.15 and for that we do subtraction, that is
Correct option is the first option .
The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)