1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Cerrena [4.2K]
3 years ago
13

A lender is charging 2.75 points on a $275,000 loan. The borrower must therefore pay the lender an advance amount of $11,000? $6

,188? $7,563? $2,750?
Mathematics
2 answers:
icang [17]3 years ago
4 0
A "point" is 1%, so the amount the lender is charging is
  2.75% * $275,000 = $7,652.50
  ≈ $7653
VLD [36.1K]3 years ago
3 0

It says lender is charging 2.75 points on a loan of $275,000.

we know that

1 point = 1%

So 2.75 points = 2.75 %


It means we have to find 2.75% of $275,000

or 2.75% * 275,000

or 0,0275 * 275,000

= 7562.5

≈ $7563

Hence , the borrower must therefore pay the lender an advance amount of $7563.

You might be interested in
Please help thank you
Allushta [10]

The average rate of change of credit card is $ 401.79 /year.

<h3>What is Average Rate?</h3>
  • A single rate that is a weighted average of the different rates that are applicable to property in various locations.
  • An average is a single number calculated as the average of a set of numbers, typically calculated as the sum of the numbers divided by the total number of numbers in the set (the arithmetic mean).

<u>Solution</u>

The difference of credit card debt between the year 2006 and 1992 = 8900 - 3275 = $5625

The difference of years between the year 2006 and 1992 = 2006 - 1992 = 14

average rate of change of credit card debt with respect to time = \frac{difference of credit card debt}{difference of years}

average rate = \frac{5625}{14} = $ 401.79 / year

know more about average numerical brainly.com/question/18296887

#SPJ4

6 0
2 years ago
Please answer this correctly
gavmur [86]

Answer:

$17.57

Step-by-step explanation:

well she wants to buy 3 1/2 so you make it improper to, 7/2 so then you make the price of the rainbow paper scrap a fraction, so thatll be 5.02, 502/100, then multiply,

7/2x502/100

3.5x5.02

$17.57


8 0
3 years ago
You and your family want to plan a beach trip to ocean lakes
Inga [223]

Answer:

Step-by-step explanation:

Im assuming that the cost of the house isn't per day, so it would be 6 days. I just added 60 to 1180 and counted how many times i added it. To check my work, you can just subtract 1180 from 1540, then divide by 60.

Sorry if this is wrong, but i tried my best. If its correct do you mind making me brainliest lol

3 0
3 years ago
Element X decays radioactively with a half life of 11 minutes. If there are 790 grams of Element X, how long, to the nearest ten
leva [86]

Answer:

47.34158

rounded to the nearest tenth of a minute: 47.3

3 0
3 years ago
Y=–3x + 6 y=9
Luden [163]

Answer:

(- 1, 9 )

Step-by-step explanation:

Given the 2 equations

y = - 3x + 6 → (1)

y = 9 → (2)

Substitute y = 9 into (1) and solve for x

9 = - 3x + 6 ( subtract 6 from both sides )

3 = - 3x ( divide both sides by - 3 )

- 1 = x

Solution is (- 1, 9 )

6 0
3 years ago
Other questions:
  • What is the length of a side of a cube with a volume of 216 in3
    11·2 answers
  • "suppose that you have measured a length of 6 cm on one board and 8 cm on the other. you would adjust the two boards until the l
    6·1 answer
  • What is the least common multiple of 5 and 150
    14·1 answer
  • I'm stuck on this problem-3+7
    13·2 answers
  • I NEED HELP ASAP!!PLEASE HELP ME WITH MY MATH!
    13·1 answer
  • 3. *<br> 25 points<br> Calculate the length of minor arc AB.<br> I
    9·1 answer
  • Change 18/4 into a mixed number
    8·2 answers
  • Compré mi despensa en línea (usando la página de un centro comercial) y en total por los productos que adquirí debía pagar $1600
    7·1 answer
  • What is true about the graphs of y=x(squared)-2 and y = x(squared) + 2?
    9·1 answer
  • amantha went shopping and decided to purchase a necklace for 35% off the regular price of $44. If Samantha buys the necklace tod
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!