A house sold for $350,000. The buyer made a 20% down payment. Monthly interest on the loan was $1,400. What was the interest rat
1 answer:
Answer:
the rate of interest will be 6%
Step-by-step explanation:
House sold for = $350,000
buyer made down payment of = 20 %
Monthly interest on loan was $1,400
interest rate on the loan = ?
down payment by the buyers = 20%
= 0.2 × 350,000 = 70,000
so, the interest will be on 350000- 70000 = 280,000
monthly payment of the interest is $1,400 yearly payment of the interest $1,400 × 1 2 = $ 16800
so the rate of interest will be =
= 6 %
hence, the rate of interest will be 6%
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Answer:
2758 Nm
Step-by-step explanation
Work done usually depends on two things force applied and distance travelled due to applied force. In this current scenario, the force is being applied at an angle so we will have to find a component of force in the direction of the movement.
We usually find component using cos θ.
Here θ is 40°
Now, the modified equation becomes,
Work Done = Force * Distance * Component of force along the direction of distance
∴ Work = 30 N * 120 m * Cos 40°
⇒Work = 30 * 120 * 0.766
⇒Work = 2757.6 Nm
Rounding to the nearest whole number.
∴ The work done by force is 2758 Nm which is option B
