Answer:
$1,220,200
Step-by-step explanation:
The total of Mary's payments is ...
$3695.20/mo × 30 yr × 12 mo/yr = $1,330,200
The difference between this repayment amount and the value of her loan is the interest she pays:
$1,330,200 -110,000 = $1,220,200 . . . total interest paid
_____
Mary's effective interest rate is about 40.31% per year--exorbitant by any standard.
Answer:2 7/12 hours.
Step-by-step explanation: First, convert 1 3/4 to improper fraction form which will give you 7/4. Then find the common denominator of 5/6 and 3/4. The common denominator is 24. 5/6=20/24. 7/4=42/24. 20/24+42/24= 2 7/12.
Answer:
2/3
Step-by-step explanation:
that the ratio of that number
5x+2y=20
Substitute 0.3 for x
5(0.3)+2y=20
Multiply 5 by 0.3
1.5+2y=20
Subtract 1.5 from both sides
2y=18.5
Divide 2 on both sides
Final Answer: y= 9.25
