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laiz [17]
4 years ago
5

Karina bought a townhouse for $199,900. She has a 30 year mortgage with a fixed rate of 5.5%. Karina's monthly payments are $998

.08. What percent of the purchase price was Karina's down payment
Mathematics
2 answers:
Zolol [24]4 years ago
7 0

Answer:

He is Basically telling us the answer is B. 12%

Step-by-step explanation:

rosijanka [135]4 years ago
3 0
If Karina bought a townhouse for $199,900 and she has a 30 year mortgage with a fixed rate of 5.5% with monthly payments of $998.08, the percent of the purchase price that was her down payment was 12%.Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions here.
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We have the expression

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We have to convert the expression in a single-term expression. We apply the distributive property:

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The first expression is equal to 5x+2x=7x.

We then can predict that the difference between 7x and 7x-1 is 1.

For example, for x=2, we have 7x=7*2=14 and 7x-1=7*2-1=14-1=13.

We can calculate if the two expressions can be equal, we write:

\begin{gathered} 5x+2x=7x=7x-1 \\ 7x=7x-1 \\ 7x-7x=-1 \\ 0=-1\longrightarrow\text{False} \end{gathered}

There is no value that can make both expressions equal.

Both equations have a difference of 1 for any value of x.

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