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vodka [1.7K]
3 years ago
8

Based on the information below, choose the correct answers. Note: The monthly loan payment was calculated at 119 payments of $33

0.38 plus a final payment of $329.73. Loan Balance: $25,000.00 Loan Interest Rate: 10.0% Monthly Loan Payment: $330.38 Number of Payments: 120 Cumulative Payments: $39,644.95 Total Interest Paid: $14,644.95 On average, what dollar amount of each monthly payment is interest? $ What percent of the total payments is total interest? %
Mathematics
1 answer:
Margaret [11]3 years ago
6 0

Answer:

  • $122.04
  • 36.94%

Step-by-step explanation:

a) The amount of concern is ...

  (total interest)/(number of payments) = interest/payment

  $14,644.95/120 ≈ $122.04 . . . . amount of interest per payment

__

b) The ratio of concern is ...

  (total interest)/(total payments) × 100% = 14,644.95/39,644.95 × 100%

  ≈ 36.94% . . . . percent of total payments that is interest

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3 /8 + 2/ 3 = 9/ 24 + 16/ 24 = 25/ 24 =
Alchen [17]
Convert the denominator of the first two fractions to 24 since 3 and 8 can fit into 24.

3/8=9/24

2/3=16/24

Now add them together.

9/24+16/24=25/24

Next add the second two fractions 9/24 and 16/24.

9/24+16/24=25/24


Since all fractions equal 25/24, the equation was true!

Hope this helps!

7 0
3 years ago
Convert.<br> {} {}<br> minutes ==equals 888 hours 373737 minutes
soldi70 [24.7K]

9514 1404 393

Answer:

  517 minutes

Step-by-step explanation:

There are 60 minutes in an hour, so 8×60 = 480 minutes in 8 hours.

In 8 hours 37 minutes, there are ...

  480 min + 37 min = 517 minutes

5 0
3 years ago
If each exterior angle of a regular polygon is 30°, find how many sides the polygon has &amp; the measure of an
WITCHER [35]

Answer:

12 sides and measure of each interior angle is 150...

8 0
3 years ago
Read 2 more answers
Phoebe, Andy and Polly share £270.
Stella [2.4K]
*Given
Money of Phoebe            - 3 times as much as Andy
Money of Andy                - 2 times as much as Polly
Total money of Phoebe,  - <span>£270
</span>    Andy and Polly

*Solution

Let
B - Phoebe's money
A - Andy's money
L - Polly's money

1. The money of the Phoebe, Andy, and Polly, when added together would total <span>£270. Thus, 
</span>
                  B + A + L  = <span>£270                     (EQUATION 1)

2. Phoebe has three times as much money as Andy and this is expressed as
  
                  B = 3A

3. Andy has twice as much money as Polly and this is expressed as

                  A = 2L</span>                           (EQUATION 2)
<span>
4. This means that Phoebe has ____ as much money as Polly, 

                 B = 3A
                 B = 3 x (2L)
                 B = 6L                            </span>(EQUATION 3)<span>

This step allows us to eliminate the variables B and A in EQUATION 1 by expressing the equation in terms of Polly's money only. 

5. Substituting B with 6L, and A with 2L, EQUATION 1 becomes, 

                  6L + 2L + L = </span><span>£270
</span>                                9L = <span>£270
</span>                                  L = <span>£30

So, Polly has </span><span>£30. 

6. Substituting L into EQUATIONS 2 and 3 would give us the values for Andy's money and Phoebe's money, respectively. 
</span>
                  A = 2L                           
                  A = 2(£30)
                  A = £60

Andy has £60

                  B = 6L                         
                  B = 6(£30)
                  B = £180

Phoebe has £180

Therefore, Polly's money is £30, Andy's is £60, and Phoebe's is £180.
7 0
3 years ago
What is the value of b2 - 4ac for the following equation?<br><br> 2x 2 - 2x - 1 = 0
NikAS [45]
2x^2-2x-1=0
\Delta=b^2-4ac

\Delta=(-2)^2-4*2*(-1)=4+8=12
5 0
3 years ago
Read 2 more answers
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