What is 120% of 6302 Round to the nearest hundredth (if necessary).

Mathematics

1 answer:

GREYUIT [131]2 years ago

7 0

Answer:

756.24

Step-by-step explanation:

6302 x 0.120 = 756.24

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A $250,000 home loan is used to purchase a house. The loan is for 30 years and has a 5.4% APR. Use the amortization formula to d

wlad13 [49]

$\bf ~~~~~~~~~~~~ \textit{Amortized Loan Value}
\\\\
pymt=P\left[ \cfrac{\frac{r}{n}}{1-\left( 1+ \frac{r}{n}\right)^{-nt}} \right]
\\\\\\
~~~~~~
\begin{cases}
P=
\begin{array}{llll}
\textit{original amount deposited}\\
\end{array}\to &250000\\
pymt=\textit{periodic payments}\\
r=rate\to 5.4\%\to \frac{5.4}{100}\to &0.054\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{since the payments are}\\
\textit{monthly, then twelve}
\end{array}\to &12\\
t=years\to &30
\end{cases}
$

$\bf pymt=250000\left[ \cfrac{\frac{0.054}{12}}{1-\left( 1+ \frac{0.054}{12}\right)^{-12\cdot 30}} \right]
\\\\\\
pymt=250000\left[ \cfrac{0.0045}{1-\left( 1.0045\right)^{-360}} \right]
\\\\\\
pymt\approx 250000\left[ \cfrac{0.0045}{0.80138080852472389274} \right]$

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2 years ago

Ivan and Tanya share £150 in the ration of 4:1

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Answer:

Money Ivan gets extra = 120 - 30 (or 3x) = 90

Step-by-step explanation:

Ivan = 4x

Tanya = 1x

Total = 150

4x + x = 150

5x = 150 ; x = 150 / 5 = 30

Ivan = 4x = 120

Tanya = 1x = 30

Money Ivan gets extra = 120 - 30 (or 3x) = 90

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