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ch4aika [34]
3 years ago
8

A bank requires a monthly payment of $32.88 on a $2500 loan. At the same rate find the monthly payment on a $50,000 loan

Mathematics
1 answer:
Bingel [31]3 years ago
6 0

$ 657.6

Step-by-step explanation:

Step 1:

Given,

Principal = $2500

Monthly payment  = $32.88

Step 2 :

The amount of monthly payment and the principal amount are in direct proportion , that is when the principal amount increases the monthly payment increases and when the principal decreases the monthly payment decreases.

Step 3 :

The monthly payment for $2500 is $32.88

Therefore for a principal of $50000, the amount of  monthly payment is

32.88 *50000/2500 = $657.6

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Hannah scored a total of 170 points on two math tests. The score of the first test was 6 points lower than the second test. How
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Ok so in order to do this, you have to set up an equation. Let's make a=the score of the first test and b=the score of the second test. (You can choose different variables, it doesn't matter.) It says the sum of the two equals 170. So, a+b=170. It also says that the score of the first was 6 less than the second. This can be shown as a=b-6. Now you can plug this in for a in your original equation. It will look like:

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