Answer:
0,0727272727272727
Step-by-step explanation:
Answer:
D
Step-by-step explanation:
hope this helps
Write a proportion and solve for x ....
12 / x = 4 / 117
Cross multiply ...
12 * 117 = 1404
x * 4 = 4 x
4 x = 1404
x = 351
Before her promotion, Mitch was receiving $40,000 per year
after tax. Since the loan payment is 4%, therefore the money that goes to the
loan is:
Loan payment = $40,000 * 0.04
Loan payment = $1,600
After her promotion, Mitch is now receiving:
New salary = $40,000
* 1.25
New salary = $50,000
Therefore the new loan payment becomes:
New loan payment = $50,000 * 0.04
New loan payment = $2,000
Therefore Mitch is paying an extra payment of:
$2,000 - $1,600 = $400
Answer: $400