Answer:
The Annual rate of interest for the mortgage is 1.8%
Step-by-step explanation:
Given as :
The mortgage principal = p = $167,000
The time period of mortgage = t = 20 years
The Amount paid towards mortgage in 20 years = A = $240,141
Let the Annual percentage rate on interest = r % compounded annually
Now, <u>From Compound Interest method</u>
Amount = Principal × 
Or, A = p × 
Or, $240,141 = $167,000 × 
or,
= 
Or , 1.437 = 
Or,
= 
or, 1.018 = 
Or,
= 1.018 - 1
Or,
= 0.018
∴ r = 0.018 × 100
i.e r = 1.8
So, The rate of interest applied = r = 1.8 %
Hence, The Annual rate of interest for the mortgage is 1.8% Answer
B = 3
3 to the second power is 9, and 4 • 9 = 36.
We want to use the Substitution method to solve
7x - 2y = 1 (1)
x - 2y = 1 (2)
From equation (1), obtain
2y = 7x - 1 (3)
Substitute (3) into (2).
x - (7x - 1) = 1
-6x + 1 = 1
-6x = 0
x = 0
From (3), obtain
2y = 7*0 - 1 = -1
y = -1/2
Answer: (0, -1/2) or x=0, y= -1/2.
Number of milk cartons put out for breakfast = 100
Number of cartons remaining at the end = 27
Number of cartons consumed = 100 - 27 = 73
Ratio of cartons remaining / cartons consumed = 27/73