Clayton's bank offered him a 4.5% interest rate for his mortgage. If he purchases 3 points, what will his new rate be?
1 answer:
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Answer:
Step-by-step explanation:
(Subtract
from both sides of the equation to isolate
)
(Simplify)
(Symmetric Property of Equality)
(Divide both sides of the equation by
to get rid of
's coefficient; remember that
, so
has a coefficient of
)
(Simplify)
Hope this helps!
Answer:
The amount that came is
Step-by-step explanation:
The computation is shown below:
According to the question, it is mentioned that
Multiply 4 by
First open the equation in a fraction it would be
Now multiplied the above fraction by a 4
That gives the result of
Hence, the amount that came is
We simply multiply the 4 with the given fraction
Thus the above represents the simplest form of the fraction