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>
Answer:1/3
Step-by-step explanation:
5/15
Answer:
x=18
Step-by-step explanation:
180=62+(7x-8)
solve
x=18
(x + 8)(y + 3)
x*(y+3) + 8*(y + 3)
x*y + 3*x + 8*y + 3*8
xy + 3x + 8y + 24
So the correct product is = xy + 3x + 8y + 24, I guess the second expression.
I hope this helps.
Answer:
They can invite 136 while staying in budget
Step-by-step explanation:
Firstly, you know they will have to pay an $80 cleaning fee, therefore, you can subtract 80 from 5,000:
5,000-80 = 4,920
After doing this, you can take 4,920 and divide it by 36 (the price per person).
4,920/36 = 136.67
Because you can not have .67 of a person, your closest number you can use is 136.
leaving them with $24
