The interest in the first month is given as $ 97.1. The principal balance in the second question is $15,030.02
<h3>How to solve for the interest in the first month</h3>
1. We have to solve for the cost of the car
This would be = 19,725*(1.0475)
= 20,661.9375
There is a Down payment = 2,175
balance would be 20661.9375-2,175 = 18,486.94
average rating interest of new car = 6.30%
So the interest accrued in first month = 18,486.94x0.063/12 = $ 97.1
2. cost = 15867
sales tax = 5.25%
10 percent down payment
5.25/100 = 0.0525
cost of car = 15867 + (15867 * 0.0525)
= 16700 dollars
10% of 16700 dollars
= 1670 dollars
principal balance = 16700 - 1670
= $15,030.02
Read more on interest rate here
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Answer:
Step-by-step explanation:
Let a = - 1 2/5 and b = 2 1/3
<u>We have a + b, lets compare with the options:</u>
- A) a + (- b) = a - b, no
- B) a - b, no
- C) b + a = a + b, yes
- D) b - a, no
Answer:
1,059,680,400
Step-by-step explanation:
Answer:
To find the area of a rectangle multiply its height by its width. For a square you only need to find the length of one of the sides (as each side is the same length) and then multiply this by itself to find the area. This is the same as saying length2 or length squared.
Step-by-step explanation:
