Answer:
In order to determine the change in percent, I divided 4.02/1.37 to get approximately 2.9. I expressed this as a percent to get 290%.
Step-by-step explanation:
The least common multiple of the three denominators is 16 because:
Change the fractions so that each fraction has a denominator of 16.
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Answer:
19,725
Step-by-step explanation:
The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Answer: 10
Step-by-step explanation:
1. Write the fractions as 2/9 times 45/1.
2. Cross cancel 45 and 9 by dividing by 5, which now gives you 2/1 and 5/1.
3. Multiply 2/1 and 5/1 and you get 10.
I hope this helps!