The answer is going to be A.
Answer:
11.75 = 5.25 + x
x = 6.50
Step-by-step explanation:
X = 15
X + 90 = 7x
X = 7x - 90
X - 7x = -90
-6x = 90
Divide both sides by -6
X = 15
Answer:
$1169.45
Step-by-step explanation:
Using the formula:

where;
Loan amount L = 160000
number of months (n) = 20 × 12 = 240
Lets assume that the interest rate per month c = 6.25% since it is not given.
i.e. (6.25/( 100*12) ) = 5.208 × 10⁻³
∴

P = $1169.45