Answer:
The principal amount was $23,393.45
Step-by-step explanation:
The total amount paid on a 35 year loan was $98,000 at the rate of interest 4.1%
We will calculate Principal amount by this formula
Where A = amount (98,000)
P = Principal amount (P)
r = rate of interest 4.1% (0.041)
n = number of compounding interest monthly (12)
t = time (35 years)
98,000 = P(4.189386)
= 4.189386P = 98,000
P = 
P = 23,392.4494 ≈ $23,392.45
The principal amount was $23,393.45
He is leaving 20% tip of the bill of $58
20% extra
So total amount = 100% + 20% = 120%
120% of 58
(120/100) * 58
1.2 * 58
= 69.6
So total amount Alexi needs to pay = $69.60
Given:
One time payment, <em>p </em>= $300
Payment per month, <em>q = </em>$65
Number of months paid, <em>n</em> = 5
The objectiv is to find the amount she paid in 5 months.
Let <em>x </em>be the amount she paid in 5 months. Then the the formula is,
Let's substitute the values.
Hence, total amount paid in 5 months is $625.
Answer:
It means direct sum.
Step-by-step explanation:
