Answer:
1) Repaid for the loan = $239,511.60
2) Percentage = 58.2%
3) Average amount = $387.53
Step-by-step explanation:
Given :
Amount $100,000
Rate 7%
Payments 360 - $665.31
Total interest $139,511.60
To find :
1) How much will be repaid for this loan?
Repaid for the loan = Amount - Total interest
Repaid for the loan = 100,000 + 139,511.60
Repaid for the loan = $239,511.60
2) What percentage will be repaid for this loan?
3) What will be the average amount per payment for interest?
The amount of money worker will take home is €24752.6
<h3>What is gross pay?</h3>
Gross pay is the amount earned by any individual without any deductions of the taxes, and charges. It is the total amount of money earned by anyone.
Given that:-
- The gross pay of a worker in a factory is €30800.60 per annum. If €504 is deducted from his salary month.
The amount of money he will take home will be calculated as:-
Gross pay = €30800.60
Deductions = €504 per month = 504 x 12 = €6048 per year.
So net pay = 30800.6 - 6048 = €24752.6
Therefore the amount of money the worker will take home is €24752.6
To know more about gross pay follow
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The answer you’re looking for is: simplify.
When you rewrite an expression, we are simplifying it. We first use the distributive property through any groupings symbols, then evaluate terms we exponent that are given. Lastly, we combine any like terms, weather they are constants or variables.
Hope this helps! :)
p=15250
r=7.5/100=0.075
y = 15250*(1 - 0.075)^x
after 8 years it would be
x = 8
y = 15250*(1 - 0.075)^8
y = $8,173.42
after 8 years the value of the car is going to be $8,173.42
