Please look at the picture and help me
1 answer:
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Answer:
The amount which she borrow as house loan is $ 48514.56
Step-by-step explanation:
Given as :
The house loan per month afford by Kylie = $1310
The period of loan = 25 Years
The annual rate compounded monthly = 8.4%
Principal = $ P
∵ The per month loan afford amount = $1310
So, The amount afford in 25 years = $1310 × 25 × 12
Or, The amount afford in 25 years = $393,000
<u>Now, from compounded method</u> :
Amount = Principal ×
Or, $393,000 = $ P ×
Or, $393,000 = $ P ×
Or, $393,000 = $ P ×
∴ P = $ 48514.56
Hence The amount which she borrow as house loan is $ 48514.56 Answer
Answer:
36
Step-by-step explanation:
This is the fraction we use to solve this problem
Fractions are and
We now ask ourselves
Since whatever we do to the numerator we have to to the same to the denominator, we multiply 3 and 12
Hope this helps!
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