Why does it take 30 years to pay off 150,000 loan , even though you pay 1000 a month

Mathematics

2 answers:

Olegator [25]2 years ago

6 0

Interest rates i believe

Marina CMI [18]2 years ago

4 0

This would be due to interest. As the month ends, you pay $1000, but your debt has increased as interest has been added onto your loan, making you go from owing $150000 to owing $150000+x, x being the interest gained at the end of the month.

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$\bf \qquad \qquad \qquad \qquad \textit{function transformations}
\\ \quad \\\\

\begin{array}{rllll} 
% left side templates
f(x)=&{{ A}}({{ B}}x+{{ C}})+{{ D}}
\\ \quad \\
y=&{{ A}}({{ B}}x+{{ C}})+{{ D}}
\\ \quad \\
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$\bf \begin{array}{llll}
% right side info
\bullet \textit{ stretches or shrinks horizontally by } {{ A}}\cdot {{ B}}\\\\
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$\bf \begin{array}{llll}


\bullet \textit{ vertical shift by }{{ D}}\\
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\qquad if\ {{ D}}\textit{ is positive, upwards}\\\\
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\end{array}$

now, with that template above in mind, let's see this one

$\bf parent\implies f(x)=|x|
\\\\\\
\begin{array}{lllcclll}
f(x)=&3|&1x&+2|&+4\\
&\uparrow &\uparrow &\uparrow &\uparrow \\
&A&B&C&D
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check the picture below

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