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3 years ago

What does x equal in the equation 40÷x=6

Mathematics

2 answers:

Archy [21]3 years ago

5 0

Can be written as 20/3, 6 2/3 or 6.6

padilas [110]3 years ago

3 0

Answer:

x = $\frac{20}{3}$

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Consider a home mortgage of $225,000 at a fixed APR of 4.5 % for 30 years. a. Calculate the monthly payment. b. Determine the

White raven [17]

The formula for the monthly payment.....

$M= \frac{P(1+r)^nr}{[(1+r)^n] -1}$ , where P = the principal amount, r = the monthly interest rate and n = the total number of months.

Here annual interest rate is given as 4.5%

So, the monthly interest rate $=\frac{4.5\%}{12}= 0.375\% = 0.00375$

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Also given that, the principal amount is $225000

a. So, the monthly payment will be.....

$M= \frac{P(1+r)^nr}{[(1+r)^n] -1}\\ \\ M= \frac{225000(1+0.00375)^3^6^0*0.00375}{(1+0.00375)^3^6^0 -1}\\ \\ M= \frac{225000(1.00375)^3^6^0*0.00375}{(1.00375)^3^6^0 -1} \\ \\ M \approx 1140$

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c. As the principal amount was $225000 , so the amount of interest $= (\$ 410400- \$ 225000)= \$ 185400$

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I did this one too but i don't if they changed the answer good luck I would double check

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