Answer:
(Interest rate/number of payments)*$170000= interest for the first month.
Interest amounts for all the months of repayment plus $170000=Total loan cost
Explanation:
Interest is the amount you pay for taking a loan from a bank on top of the original amount borrowed.
Factors affecting how much interest is paid are; the principal amount, the loan terms, repayment schedule, the repayment amount and the rate of interest.
The interest paid=(rate of interest/number of payments to make)*principal amount borrowed.
You divide the interest with number of payments done in a year where monthly are divided by 12.Multiplying it by loan balance in the first month which is your principal amount gives the interest rate to pay for that month.
You new loan balance will be= Principal -(repayment-interest)
Do this for the period the loan should take.
Add all the interest amount to original borrowed amount to get total cost of the loan after the period of time.
Except the Table of Contents
Answer:
yay yay
Explanation:
im so excited i cant wait
Answer:
hello your question lacks some information attached below is the complete question with the required information
answer : 81.63 mm
Explanation:
settlement of the surface due to compression of the clay ( new consolidated )
= 81.63 mm
attached below is a detailed solution to the given problem
