Correction is the question: 6% = 6.5%
Answer:
Amount to be repaid is $335798.833
Step-by-step explanation:
Amount of loan = $332,200
Rate of interest = 6.5%
time = 2months = 2/12 = 1/6 years
The amount of interest is simple interest
SI =
=
= $3598.833
Final amount to be repaid = 332200+ 3598.833
= $335798.833
First calculate the Area of MOP by using congruent altitudes.
(Area MOP)/(Area AOM) = PO/OA = (Area BOP)/(Area AOB)
Area MOP = (Area AOM)*(Area BOP)/(Area AOB) = (45)*(15/75) = 9.
Now, let Area CMP = x. And use two sets of triangles with congruent altitudes.
(Area CMP)/(Area BMP) = x/(9+15) = x/24 = (CP)/(BP).
(Area CAP)/(Area BAP) = (x+54)/90 = (CP)/(BP)
So,
(Area CMP)/(Area BMP) = (Area CAP)/(Area BAP)
or
x/24 = (x+54)/90
90x = 24 (x+54) = 24x + 1296
66x = 1296
x = 19
