9514 1404 393
Answer:
- $137.90 more each month
- $246.00 less total interest
Step-by-step explanation:
The amortization formula is ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for the monthly payment on principal P at annual rate r for t years. Here, we have P=3300, r = 0.14, and t=1, so the monthly payment is ...
A = $3300(0.14/12)/(1 -(1 +0.14/12)^-12) ≈ $296.30
The payment of $296.30 is ...
$295.30 -158.40 = $137.90 . . . more each month
The total amount paid is 12×$296.30 = $3555.60, so 255.60 in interest. This amount is ...
$501.60 -255.60 = $246.00 . . . less total interest
Answer:
if it is multiple choice:
x=2
x=3
Step-by-step explanation:
<span>Simplifying
0x + 7 + 5x = 2x + 30 + 40
Anything times zero is zero.
0x + 7 + 5x = 2x + 30 + 40
Combine like terms: 0 + 7 = 7
7 + 5x = 2x + 30 + 40
Reorder the terms:
7 + 5x = 30 + 40 + 2x
Combine like terms: 30 + 40 = 70
7 + 5x = 70 + 2x
Solving
7 + 5x = 70 + 2x
Solving for variable 'x'.
Move all terms containing x to the left, all other terms to the right.
Add '-2x' to each side of the equation.
7 + 5x + -2x = 70 + 2x + -2x
Combine like terms: 5x + -2x = 3x
7 + 3x = 70 + 2x + -2x
Combine like terms: 2x + -2x = 0
7 + 3x = 70 + 0
7 + 3x = 70
Add '-7' to each side of the equation.
7 + -7 + 3x = 70 + -7
Combine like terms: 7 + -7 = 0
0 + 3x = 70 + -7
3x = 70 + -7
Combine like terms: 70 + -7 = 63
3x = 63
Divide each side by '3'.
x = 21
Simplifying
x = 21</span>
2.06 is equivalent to 2.060
