Step-by-step explanation:
<u>Given:</u>
- Lemons - l and apples - a
- a = 35¢, l = 15¢
- Number of apples and lemons = 17
- Cost of lemons and apples = $3.95 = 395¢
<u>System as per question:</u>
- a + l = 17
- 35a + 15l = 395
Or
- a + l = 17
- 0.35a + 0.15l = 3.95
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:
You did not complete the question :(
Step-by-step explanation:
Could you explain a bit more please
Answer:
choice b
Step-by-step explanation:
3.49
____ = 0.1396 ≈ 0.14 or 14 cents per ounce
25
4.79
____ = 0.10644444 ≈ 0.11 or 11 cents per ounce
45