Answer:
Step-by-step explanation:
a) The amount of concern is ...
(total interest)/(number of payments) = interest/payment
$14,644.95/120 ≈ $122.04 . . . . amount of interest per payment
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b) The ratio of concern is ...
(total interest)/(total payments) × 100% = 14,644.95/39,644.95 × 100%
≈ 36.94% . . . . percent of total payments that is interest
D. 35 is the answer. Since we know that 14=2k based on the knowledge given in the first part of the equation, we can solve for K. We learn that K=7. Then, we can substitute K into the second equation: y=(7)(5) which is 35.
Answer:
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