The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
I hope this helps you
12=3.4=3.2^2
I believe you multiple 343 times a hundred and the answer you gt you divide it by 35 and then you get 980?
Answer:
The final price paid by Samantha is 55.25 $
Step-by-step explanation:
In order to find out the final price of the jacket for Samantha we need to calculate how much 35% of 85 $ is and subtract the original price by it. So we have:
price of discount = 85*(35%) = 85*(35/100) = 85*(0.35) = 29.75 $
Now we can compute the final price by subtracting the original price by the price of discount. So we have:
final price = original price - price of discount = 85 - 29.75 = 55.25 $
12x = 12; x = 1
That simple
