1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alona [7]
4 years ago
13

If a borrower obtains an interest-only loan of $112,500 at an annual interest rate of 6%, what is the monthly interest payment (

rounded to the nearest $1)? $550 $563 $648 $675
Mathematics
1 answer:
olganol [36]4 years ago
6 0
$563

First you will need to find the annual interest amount. To do this you will need to find 6% of 112,500.

6% can be written in decimal form as .06, so we can multiply .06 to 112,500 to find the annual interest rate.

.06 • 112,500=6,750

6,750 is the annual interest amount.

The next part of the question asks the monthly interest rate. You know there are 12 months in a year so you can divide the annual interest amount by 12.

6,750÷12=562.5

$562.5 is the monthly interest payment and rounded to the nearest dollar would be

Choice 2: $563
You might be interested in
Father age is in two digit number. If 5 is added to the double of the digit in tenth place of the age of father will be the age
vladimir2022 [97]

Answer:

rfyfrxbxudhdhdhrvxhhx dvrvrvrvdvr

5 0
3 years ago
The image shows a geometric representation of the function f(x) = x^2 + 2x + 3 written in standard form. What is this function w
AlekseyPX

Answer:

f(x) = (x + 1)² + 2 in vertex form ⇒ 3rd answer

Step-by-step explanation:

* Lets revise how to find the vertex form the standard form

- Standard form ⇒ x² + bx + c, where a , b , c are constant

- Vertex form ⇒(x - h)² + k, where h , k are constant and  (h , k) is the

  vertex point (minimum or maximum)  of the function

- At first we must find h and k

- By equating the two forms we can find the value of h and k

* Lets solve the problem

∵ f(x) = x² + 2x + 3 ⇒ standard form

∵ f(x) = (x - h)² + k ⇒ vertex form

- Put them equal each other

∴ x² + 2x + 3 = (x - h)² + k ⇒ open the bracket power 2

∴ x² + 2x + 3 = x² - 2hx + h² + k

- Now compare the like terms in both sides

∵ 2x = -2hx ⇒ cancel x from both sides

∴ 2 = -2h ⇒ divide both sides by -2

∴ -1 = h

∴ The value of h is -1

∵ 3 = h² + k

- Substitute the value of h

∴ 3 = (-1)² + k

∴ 3 = 1 + k ⇒ subtract 1 from both sides

∴ 2 = k

∴ The value of k = 2

- Lets substitute the value of h and k in the vertex form

∴ f(x) = (x - -1)² + 2

∴ f(x) = (x + 1)² + 2

* f(x) = (x + 1)² + 2 in vertex form

5 0
4 years ago
Kristen needs to earn $320 in commission this week. She earns 8%
muminat
She needs to sell $4,000 worth of merchandise.

If she needs to earn $320, and she earns 8% commission, you’re looking for what 8% of original amount equals $320.

X = original amount
8% = .08
$320 = amount needed

X * .08 = $320.
X = $320/.08
X= $4,000

Kristen needs to sell $4,000 worth of merchandise at an 8% commission rate to earn $320.
3 0
3 years ago
A spring has natural length 20 cm. Compare the work W1 done in stretching the spring from 20 cm to 30 cm with the work W2 done i
Ksju [112]

Answer:

W₂ is three times W₁ (W₂ = 3W₁)

Step-by-step explanation:

Applying,

W = ke²/2............. Equation 1

Where W = workdone in stretching the spring, k = spring constant, e = extension.

For W₁,

W₁ = ke₁²/2

Given: e₁ = 30-20 = 10 cm = 0.1 m

Substitute these value into equation 1

W₁ = k(0.1²)/2

W₁ = 0.005k Joules

For W₂,

W₂ = (ke/2)-W₁

Given: e = (40-20) = 20 cm = 0.1 m

Substitute these value into equation 1

W₂ = (k×0.2²/2)-0.005

W₂ = 0.015k Joules.

W₂/W₁ = 0.015k/0.005k

W₂/W₁ = 3

Therefore,

W₂ = 3W₁

3 0
3 years ago
A gardener buys a plant that is 12cm in height. Each week after that the plant grows 10cm. Note: The plant is 12cm high at the b
BaLLatris [955]
82, 152, 222, 292, 362.  You add 70 each time.
6 0
4 years ago
Read 2 more answers
Other questions:
  • there were 8 rows of picture frames at the store. there are 7 picture frames in each row. twelve picture frames are sold. how ma
    7·2 answers
  • A race car travels 400 km in a time of 2 hours. Determine the speed of<br> the race car
    6·1 answer
  • In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 120 unit
    14·1 answer
  • Solve x^2+2x+9=0<br><br> i’m probably just dumb
    10·1 answer
  • 23 and 25 <br> how do you do the work?<br> find the areas of each
    13·2 answers
  • Please answer this !!!
    8·1 answer
  • F(x) = 7
    8·1 answer
  • PLEASE I NEED HELP I DONT UNDERSTAND HOW TO DO ILL GIVW MORE IF RIGHT
    13·1 answer
  • Find x and I will give you brainliest answer award and 10 points​
    8·1 answer
  • Which type of triangle has side measures of 5 cm, 9 cm, and 12. 7 cm and one angle measure of 128°?.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!