6% tax means 6% of $3.50
Convert 6% to decimal (move decimal 2 spots to the left): 6% ⇒ .06
Multiply 3.50 with .06 = .21 <-- That's .21 cents of 3.50
That means you have to pay an extra 21 cents. Add that to the $3.50 you had to pay.
$3.50 + $0.21 = $3.71 <-- Price after tax
Answer:
a. Total cost of the principal = $217,411.20
b. Interest for the mortgage loan = $104,911.20
Step-by-step explanation:
Total cost of the principal = Monthly payment * Number of years * Number of months in a year = $603.92 * 30 * 12 = $217,411.20
Total cost of the principal of the loan includes the mortgage loan amount and the interest for the mortgage loan. Therefore, the interest for the mortgage loan can be calculated as follows:
Interest for the mortgage loan = Total cost of the principal - Mortgage loan amount = $217,411.20 - $112,500 = $104,911.20
Answer:
Step-by-step explanation:
4x+2y<3
y<-2x + 
