Answer:
(Interest rate/number of payments)*$170000= interest for the first month.
Interest amounts for all the months of repayment plus $170000=Total loan cost
Explanation:
Interest is the amount you pay for taking a loan from a bank on top of the original amount borrowed.
Factors affecting how much interest is paid are; the principal amount, the loan terms, repayment schedule, the repayment amount and the rate of interest.
The interest paid=(rate of interest/number of payments to make)*principal amount borrowed.
You divide the interest with number of payments done in a year where monthly are divided by 12.Multiplying it by loan balance in the first month which is your principal amount gives the interest rate to pay for that month.
You new loan balance will be= Principal -(repayment-interest)
Do this for the period the loan should take.
Add all the interest amount to original borrowed amount to get total cost of the loan after the period of time.
Yes. They are declining in China. Very fast
Answer:
<h2>it's damage kindly be careful</h2>
The modern hydraulic lifts make use of biodegradable fluid to transmit hydraulic power
<em>Question: The options are left out in the question. The details and facts about the modern hydraulic lift are presented here</em>
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Details about the modern hydraulic lifts include;
The development of the modern hydraulic occurred in the Industrial Revolution to perform task done previously by steam powered elevators
The power of the hydraulic lift come from the hydraulic cylinder known as the actuator, which in turn is powered by pressurized hydraulic fluid such as oil
The hydraulic fluid is pushed by a piston rod through which energy is capable of being transferred, such that the applied force is multiplied, to provide more power for lifting
<u>Facts about the modern hydraulic lifts include;</u>
- The dry motor in the modern hydraulic lift is more efficient and consumes 20% less energy
- It comprises of valves that are controlled electronically such that the response is much rapid and the energy consumption is reduced by a further 20%
- The cars used in the modern lift are lighter, as well as the slings, which reduces the power usage by 20%
- It makes use of chemicals which are environmentally friendly as hydraulic fluid
- The flash point of the fluid used is higher, as well as it posses 50% lower compressibility as well elasticity
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