3 years ago

20,000 pounds equals how many English tons?

1 answer:

4 0

<span>2,000 pounds are a short ton also sometimes referred to as an English ton. Your 20,000 pounds are therefore 10 short tons. By contrast the Metric ton is 1,000 kg or 2,204 American pounds. 2000 pounds = 1 short ton 2240 pounds = 1 long ton</span>

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Jim takes out a mortgage for 30 years at an interest rate of 2.49% and his monthly repayments are $986.50. What is the principal

Svetllana [295]

The principal loan amount will be 250000. P is denoted by the principal loan amount

<h3> What is the amount?</h3>

The complete repayment of money at the end of the period for which it was borrowed is referred to as the amount.

The given data in the problem is;

P is the principal loan amount

r is the rate of interest = 2.49%

n is the time period= of 30 years

The formula for the principal loan amount is found as;

$\rm P=M(1-(1+\frac{r}{12} )^{\frac{12}{n}$