Given:
loan amount: 25,250
original interest rate: 3.4%
new interest rate: 6.8%
term: 10 years.
Assuming that simple interest formula is used.
I = P * r * t
I = interest
P = principal
r = interest rate
t = term/time
I = 25,250 * 3.4% * 10 years
I = 8,585
I = 25,250 * 6.8% * 10 years
I = 17,170
17,170 - 8,585 = 8,585 Additional interest paid using the new interest rate.
Using an online loan repayment calculator: Here are the following data:
Loan Balance:$25,250.00
Adjusted Loan Balance:$25,250.00Loan
Interest Rate:6.80%
Loan Fees:0.00%
Loan Term:10 years
Minimum Payment:$0.00
Monthly Loan Payment:$290.58
Number of Payments:120
Cumulative Payments:$34,869.23
Total Interest Paid:$9,619.23
<span><span>Loan Balance:$25,250.00
</span><span>Adjusted Loan Balance:$25,250.00
</span><span>Loan Interest Rate:3.40%
</span><span>Loan Fees:0.00%
</span><span>Loan Term:10 years
</span><span>Minimum Payment:$0.00</span>
<span>Monthly Loan Payment:$248.51
</span><span>Number of Payments:120</span>
<span>Cumulative Payments:$29,820.59
</span><span>Total Interest Paid:<span>$4,570.59</span></span></span>
Factor 3x^2 - 12x + 3
3x^2 - 12x + 3
answer is 3(x^2 - 4x + 1)
Answer:
A) The fraction of sum of money did each child receive is 
B) The sum of money did Jeff have $ 3200
Step-by-step explanation:
Given as :
Let The sum of money did Jeff have = $ x
The fraction of money did Jeff's wife get = 
of $ x
The remaining money Jeff will have = $ x - of $ x
I.e The remaining money Jeff will have = 
= 
A ) The remaining amount of money is divided equally among 4 children
So, The fraction of sum of money did each child receive = 
I.e The fraction of sum of money did each child receive =
B ) If each child will receive $ 600
∴, = $ 600
Or, 3 x = $ 600 × 16
Or, 3 x = $ 9600
∴ x = 
I.e x = $ 3200
So, The sum of money did Jeff have $ 3200
Hence ,
A) The fraction of sum of money did each child receive is
B) The sum of money did Jeff have $ 3200 Answer
Answer:
Step-by-step explanation:
is number 2
-7,-4...
