$920 would be the amount of interest in the first payment.
We convert the decimal to a monthly amount first. (5.5/100)/12 = 0.0046. We then multiply this by the amount of the loan, 200,000:
200000*0.0046 = 920.
$920 of the first month's payment would go towards interest.
To find the percentage of the payment, you would divide this amount by the amount of the first month's payment.
Answer:
The daily interest rate on this account = 0.000109
Step-by-step explanation:
Given that,
Interest rate = 4% compounded daily
i.e
Interest is 4% per annum and it is compounded daily.
Now,
We know , 1 year = 365 days
and 1 year interest rate = 4% = 
= 0.04
So,
The daily interest rate = 
= 0.000109
∴ we get
The daily interest rate on this account = 0.000109
Answer:We're looking for a,b such that
\dfrac{9x-20}{(x+6)^2}=\dfrac a{x+6}+\dfrac b{(x+6)^2}
Step-by-step explanation:
Answer:
3(x + 6)/18
= x + 6 /6
Step-by-step explanation:
hope this helps you
