Answer:
- 20-year fixed-rate at 7.5%
- $106,219.32
Step-by-step explanation:
The shorter the term, the lower the amount of interest.
The lower the interest rate, the lower the amount of interest.
The loan that has both a shorter term and a lower interest rate will cost less in interest.
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The total of payments for the 30-year loan is 396,232.87.
The total of payments for the 20-year loan is 290,013.55.
The amount saved by taking the shorter loan is the difference of these amounts: $106,219.32.
_____
You can use an amortization formula, spreadsheet, or a financial calculator to compute the payments for each loan. The total repayment amount is the product of the monthly payment and the number of them, 360 for the 30-year loan; 240 for the 20-year loan.
Hey there! :D
Subtract 20% by 10%, because it is asking how much less than the original price was by what percent.
20%-10%= 10%
The ticket was 10% less than the original ticket.
I hope this helps!
~kaikers
Answer:
Its x my dude
su️ to tkwick on you tu️e
Answer: the line across the circle is the diameter, you find diameter by multpyling radius by two
Step-by-step explanation:
Answer(s):
Solution:
<u>We know that:</u>
- Brookie = x dollars
- Benji = x + (20% × x)
<u>Solution:</u>
To see which expression has been used, we will need to simplify the expression.
- Benji = x + (20% × x)
- => Benji = x + (20/100 × x)
- => Benji = x + (2/10 × x)
- => Benji = x + (0.2 × x)
- => Benji = x + (0.2x)
- => Benji = x + 0.2x
- => Benji = 1.2x
Looking at the options, Option A and Option B matches with our result.
Option A and B are correct.
