Turn them all into decimals so you can clearly see the difference between them
8 1/9 = 8.11
8.117
8.28
163/20 = 8.15
8 1/9, 8.117, 163/20, 8.28 is your answer
Answer: D
Step-by-step explanation:
Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
Answer:
B. The original purchase total must be at most to $44 before the discounts are applied.
Step-by-step explanation:
Solve the inequality by adding $10, then dividing by 0.8.
0.8x -$10 ≤ $25.20
0.8x ≤ $35.20 . . . . . . . . add $10
x ≤ $35.20/0.8 . . . . . . . divide by 0.8
x ≤ $44 . . . . . . . . . the before-discount purchase must be at most $44
