Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus:
×
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal
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Answer:
Answer B
Step-by-step explanation:
therw is one full one and one with five
B.
It says x = y + 3. So what they did was put y + 3 in the place of x.
Question 60:
The answer is B. 25.57.
Mean is calculated by adding up all the values of a data set, and then dividing that sum by the amount of values.
25, 32, 16, 21, 30, 18, 37=179
179÷7=25.57
Question 61:
The answer is A. 102.
Mode is the number in a data set that appears most often. 102 shows up twice, while the other values only appear once. So 102 is the mode.