Yes your answer is solved correctly
Answer:
total payment = $563,760
Interest = $383,760
Principal part = $66
Step-by-step explanation:
(a) total payment:
n = 30 years = 360 months
monthly payment = $1,566
Total payment = $1,566 * 360 months = $563,760
(b) interest:
Total payment = $563,760
Principal = $180,000
Total payment = Principal + Interest
Interest = Total payment - Principal
Interest = $563,760 - $180,000 = $383,760
(c) part of first payment applied to the principal:
First payment = $1,566
Principal = $180,000
Interest rate = 10% yearly = 10% / 12 = 0.8333% = 0.008333 monthly
Monthly interest = Principal * Interest rate = $180,000 * 0.008333 = $1,500
Principal part = $1,566 - $1,500 = $66
Hope this helps!
The pick up fee is $2.50.
After each mile, $1.95 is added.
That is, after the first mile, we have;
Isaac total charge = $27.46;
Generally, let the number of miles driven by the taxi be x, then we have;
Solving for the number of miles Isaac travelled, we have;
CORRECT OPTION:
Answer:
0.325 cm²
Step-by-step explanation:
A = 
bh = *1.3*0.5 = 0.325 cm²
