The van will need 25 gallons of gas for it to travel 550 miles. This is calculated by dividing 10 gallons to 220 miles to get the miles per gallons, which in this case is 22 miles per gallon. Then we have to divide 550 miles by 22 miles per gallon to get the total gas consumption, which is 25 gallons.
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Answer:
$234 771.75
Step-by-step explanation:
Data:
Principal = $234 900
APR = 9 % = 0.09
Payment = $1890
Calculations:
1. Monthly interest rate
r = 0.09/12 = 0.0075
2. Interest for first month
Interest = 234 900 × 0.0075 = $1761.75
3. New Principal
Principal = $234 900.00
+ Interest = <u> + 1761.75
</u>
End of month = 236 661.75
- Payment = <u> - 1890.00
</u>
New principal = $234 771.75
The new principal is $234 771.75