Answer=595 pounds
The question is written in a rather confusing manner, but the math needed to solve this is simple. To answer this question, we need to solve for 85% of 700pounds.
Remember that 85% equivalent to 85/100 and 0.85
700pounds*0.85=595 pounds
Eight and five hundred, seventeen thousandths
Answer:
1,659 is your answer
Step-by-step explanation:
Answer:
The original amount of the mortgage was $66231.45.
Step-by-step explanation:
In order to find the original amount of the mortgage, you can use the following formula to calculate the present value:
PV=FV/(1+r/n)^nt
PV=present value
FV=future value= 775*12*12=111.600
r=rate of interest=0.0440
n= number of compounding periods= 2
t= time in years=12
Now, you can replace the values on the formula:
PV=111600/(1+(0.0440/2))^2*12
PV=111600/(1.022)^24
PV=111600/1.685
PV=66231.45
According to this, the answer is that the original amount of the mortgage was $66231.45.
Answer:
y=2x+7
Step-by-step explanation:
