Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
Answer:
The answer is 157
Step-by-step explanation:
Start by finding her hourly rate. 32.50/5 = 6.5
Next times 6.5 * 8 = 52
Working 8 hours she would make $52
I wish I made that much.
Answer:
29/110
Step-by-step explanation:
There are a total of 110 orders at the restaurant, so that will serve as the denominator. There are 29 meatballs, so that will be the numerator. Combine the two and you get 29/110. Experimental probability is what happens in the experiment like this question. Theoretical probability is "real math" as in 1/3.
Given:
Amount = Rs. 9,144
Time = 3 years.
Rate of simple interest = 9%
To find:
The principal value.
Solution:
The formula for simple interest is:
Where, P is principal, r is the simple rate of interest, and t is the number of years.
Putting 
in the above formula, we get
We know that,
Divide both sides by 1.27, we get
Therefore, the principal value is Rs. 7200.
