Can someone show me the steps?10m - 2/5 = 9 3/5
2 answers:
You might be interested in
Answer:
$291,016.80
A is correct.
Step-by-step explanation:
You are applying for an 80/20 mortgage to buy a house costing $145,000.
Loan Formula:
Case 1:
Loan amount, P = 80% of 145000 = $ 116,000
Rate of interest, r = 4.75% = 0.0475
Time of loan, n = 30 years = 360 months
Substitute the values into formula.
Total payment for case 1: 605.11 x 360 = $217,839.60
Case 2:
Loan amount, P = 20% of 145000 = $ 29,000
Rate of interest, r = 4.75% = 0.07525
Time of loan, n = 30 years = 360 months
Substitute the values into formula.
Total payment for case 1: 203.27 x 360 = $73,177.20
Total amount of the mortgage = $217,839.60 + $73,177.20
= $291,016.80
Hence, The total amount of the mortgage is $291,016.80
Given :
On average, a refrigerator door is opened 99 times each day.
Len has two refrigerators in his house.
To Find :
How many times in a 8−week period are the refrigerator doors opened.
Solution :
Number of times door opened for 2 refrigerator , n = 99×2 = 198.
Number of days in 8 week , d = 8×7 = 56 days.
So, total number of times doors open in a period of 8-week is :
Therefore, refrigerator doors are opened about 11088 times.
Hence, this is the required solution.