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EastWind [94]
4 years ago
12

What is a piggyback mortgage?

Mathematics
2 answers:
Makovka662 [10]4 years ago
5 0

Two mortgages on the same house.

Lady_Fox [76]4 years ago
3 0
A piggyback mortgage can include any additional mortgage loan beyond a borrower's first mortgage loan that is secured with the same collateral. In short, a piggyback mortgage is when you take out two separate loans for the same home. 

Common types of piggyback mortgages include home equity loans and home equity lines of credit.

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2. If the present salary of an employee is $36,500 and they are to receive a 7% raise next year, what will be the new salary?
Natasha_Volkova [10]

Answer:

hello ! you multiply $36,500 by 7% and you get $25,550. add this amount to the original amount and you get $62,050.

6 0
3 years ago
will give brainliest!!!!! will give brainliest!!!!! will give brainliest!!!!! will give brainliest!!!!! will give brainliest!!!!
Marrrta [24]

Answer:

849.24 cm²

Step-by-step explanation:

we know it is a cube so to find the surface area of each square you do

12x12=144 and there are 5 sides so 144x5=720

We know sides of the squares are 12 cm so half of that (6) would be the bottom of the triangle

Now using pythagorus you would do a²+b²=c²

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6 0
3 years ago
Read 2 more answers
In how many year the interest will became equal to the principal is rs.1200 is deposited at the rate of 25% in a bank ​
mrs_skeptik [129]

Given:

Principal = Rs. 1200

Rate of interest = 25%

To find:

The time in which the interest will became equal to the principal.

Solution:

We have,

P=1200

r=\dfrac{25}{100}

r=0.25

If interest is equal to the principal, then

Amount=Principal+Interest

Amount=1200+1200

Amount=2400

The formula for amount is:

A=P\left(1+r)^n

Substituting A=2400, P=1200, r=0.25 in the above formula, we get

2400=1200(1+0.25)^n

\dfrac{2400}{1200}=(1.25)^n

2=(1.25)^n

Taking log on both sides, we get

\log2=\log(1.25)^n

\log2=n\log(1.25)               [\because \log a^b=b\log a]

\dfrac{\log2}{\log(1.25)}=n

n\approx 3.11

Therefore, the interest will became equal to the principal in about 3.11 years.

4 0
3 years ago
Which of the following is the correct definition of chemical energy?
Marat540 [252]

Answer:

a

Step-by-step explanation:

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7 0
3 years ago
12 divided by (3y) when y is -2
Trava [24]

Answer:

The answer is -8. Please mark me brainliest, thank you

8 0
3 years ago
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