Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: 
× 
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e 
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal
Answer:
The answer is below
Step-by-step explanation:
The empirical rules states that for a normal distribution, 68% of the data falls within one standard deviation from the mean, 95% falls within two standard deviation from the mean and 99.7% falls within three standard deviations from the mean.
Given that:
mean (μ) = 71 inches, standard deviation (σ) = 4.3 inches
One standard deviation = μ ± σ = 71 ± 4.3 = (66.7, 75.3)
Two standard deviation = μ ± 2σ = 71 ± 2*4.3 = (62.4, 79.6)
Three standard deviation = μ ± 3σ = 71 ± 3*4.3 = (58.1, 83.9)
The graph is attached
X = larger number, y = smaller number
x + y = 75
x = 3y + 11
3y + 11 + y = 75
4y + 11 = 75
4y = 75 - 11
4y = 64
y = 64/4
y = 16 <=== ur smaller number
x = 3y + 11
x = 3(16) + 11
x = 48 + 11
x = 59...ur larger number
Three thousand five hundred and sixteen hundredths.
