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KonstantinChe [14]
3 years ago
12

A borrower earns $8,000/month and makes credit card and car note payments of $900. A conventional lender requires a 30% income r

atio. What monthly amount for housing expenses (principal, interest, taxes, insurance) will the lender allow this person to have in order to qualify for a conventional mortgage loan?
Mathematics
1 answer:
Pavlova-9 [17]3 years ago
5 0
Answer: The lendor will allow for $1500 for the housing expenses.

This lendor is allowing 30% for the debt. So, we start by multiplying 8000 times 0.3 which equals 2400.

However, we have to subtract the current debts of 900.
2400 - 900 = 1500
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b. -13

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The change in temperature will be the original temperature plus or minus x, the change between a temp and b temp, to equal what the temperature is now.

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A new car is purchased for $49,000 and over time its value depreciates by one half every 5 years. What is the value of the car 2
vovikov84 [41]

Principal: $49,000

Depreciation Rate: 50%

Depreciation Time: 5 years

Exponential Function: y = 49,000 (0.50)^x

Plug it in: y = 49,000 (0.50)^4

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Now, we need to find out how much the car decreases in ONE year.

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Hope this helps! Have a great day!

4 0
3 years ago
PLEASE HELP!
Oksana_A [137]

Answer:

c) A rectangle with width of 9 mm and length of 45 cm.

d) A rectangle with width of 10 cm and length of 44 cm.

Step-by-step explanation:

Given:

Length of the rectangle = 32 in.

Width of the rectangle = 8 in.

First we will find the ratio of length by width.

\frac{length}{width}= \frac{32}{8} = \frac{4}{1} \ \ \ \ equation \ 1

Now we need to find from the given Option which rectangles are not similar to Carl's Rectangle.

So we will check for each.

a) A rectangle with width of 23 cm and length of 92 cm.

we will find the ratio of length by width.

\frac{length}{width}= \frac{92}{23} = \frac{4}{1} \ \ \ \ equation \ 2

By Definition of Similar rectangles which states that;

"When ratio of the dimension of 2 corresponding rectangles are equal then the 2 rectangles are said to be similar."

Now Comparing equation 1 and equation 2 we get;

equation 1 = equation 2

Hence This rectangle is similar to Carl's rectangle.

b) A rectangle with width of 2.5 inch and length of 10 inch.

we will find the ratio of length by width.

\frac{length}{width}= \frac{10}{2.5} = \frac{4}{1} \ \ \ \ equation \ 2

By Definition of Similar rectangles which states that;

"When ratio of the dimension of 2 corresponding rectangles are equal then the 2 rectangles are said to be similar."

Now Comparing equation 1 and equation 2 we get;

equation 1 = equation 2

Hence This rectangle is similar to Carl's rectangle.

c) A rectangle with width of 9 mm and length of 45 cm.

we will find the ratio of length by width.

\frac{length}{width}= \frac{45}{9} = \frac{5}{1} \ \ \ \ equation \ 2

By Definition of Similar rectangles which states that;

"When ratio of the dimension of corresponding rectangles are equal then the 2 rectangles are said to be similar."

Now Comparing equation 1 and equation 2 we get;

equation 1 \neq equation 2

Hence This rectangle is not similar to Carl's rectangle.

d) A rectangle with width of 10 cm and length of 44 cm.

we will find the ratio of length by width.

\frac{length}{width}= \frac{44}{10} = \frac{11}{5} \ \ \ \ equation \ 2

By Definition of Similar rectangles which states that;

"When ratio of the dimension of corresponding rectangles are equal then the 2 rectangles are said to be similar."

Now Comparing equation 1 and equation 2 we get;

equation 1 \neq equation 2

Hence This rectangle is not similar to Carl's rectangle.

6 0
2 years ago
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