Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: 
× 
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e 
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal
Answer:
62 sorry if i am wrong please dont report
Step-by-step explanation:
Answer:
30x-10
Step by Step Work:
5x(6)-10
Because 5 x 6= 30, it becomes
30x-10
Since 30x and 10 have different terms, you can not simplify any further.
So you get your answer, which is 30x-10.
First we need to convert our fractions into decimals, it's just a lot easier to work with.
2 1/2 is equal to 2.5
2 1/4 is equal to 2.25
Then we plug our numbers into the formula used to find the volume of a rectangle:
V=L*W*H
Volume equals Length times Width times Height.
V=2.5*4*2.25
V=22.5
22.5 is already in decimal form, or if you'd rather have a mixed number, your answer is 22
The answer is 80 because you add then subtract
