<span>Monthly Interest = Yearly Interest / 1200
Interest Paid = Previous Balance * Monthly Interest Rate
</span>Equity = Monthly Payment -Interest Paid
New Balance = Previous Balance -Equity
Monthly Interest =
<span>
<span>
0.004125
</span>
</span>
After the FIRST payment
Interest Paid = 125,600.00 * .004125
<span>Interest Paid = 518.10
Equity = 1,500.00 - 518.10
Equity = </span>
<span>
<span>
981.9</span></span>0
New Balance = 125,600.00 -981.90
<span>
<span>
124,618.10
</span>
</span>
After the SECOND payment
Interest Paid = 124,618.10 * .004125
<span>
</span>Interest Paid = <span><span>514.05
</span>
</span>
<span>Equity = 1,500.00 - 514.05
</span><span>Equity = 985.95
</span>
New Balance = <span>124,618.10 -985.95 =
</span><span><span>123,632.15
</span>
</span>
Answer is B
I guess they want it for the BEGINNING of the third month and this is it.
I calculated it for the END of the third month so here it is.
After the THIRD payment
Interest Paid = <span>123,632.15 * .004125
</span>Interest Paid = <span><span>509.98
</span>
</span>
Equity = 1,500.00 - 509.98
Equity =
<span>
<span>
990.02
</span>
</span>
<span>New Balance = 123,632.15 -990.02 =
</span><span><span>122,642.13
</span>
</span>
Source:
http://www.1728.org/loanmath.htm
I maybe wrong, but I think it is 14
Simplify both sides of the equation
(Do distributive property)
Add 6v to both sides
Subtract 67 from both sides
Divide both sides by -1
(–19, 55)
Replacing y in the second equation gives;
5x+2(-3x-2)=15
5x-6x-4=15
-x-4=15
-x=19
x=-19
y=-3(-19)-2
y=57-2
y=55
(-19, 55)
Neither , its actually 832,000 because , 982 is larger than 5 so u would bring it up to 832,000 . unless your rounding it by tenths or so :D
Answer:
A- 480
Step-by-step explanation:
First, I'm going to work out 25% of 1200 for the before 1980 pennies.
10% = 120
20% = 240
5% = 60
240 + 60 = 300 pennies before 1980.
Next, work out 35% of 1200 instead.
20% = 240
+ 10%
30% = 360
+ 5% = 60
35% = 420 pennies from 1980-2000
Finally, work out how many pennies are leftover.
300 + 420 = 720
1200 - 720 = 480
A is the answer.
Hope this helps and have a good day!