Based on the amount that she paid in the first month, the amount Ronda will pay for the next month is<u> $396.</u>
When a loan is amortized, it means that one can pay it off by paying the same amount every period until they would have paid off both the loan and the associated interest.
The amortized amount contains:
- A portion going towards the principal(debt )
- A portion going towards the interest accumulated.
In conclusion, as the amount is the same every time, Ronda will have to pay the same amount of $396 the next month.
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Answer:
I would help you but the picture you've posted is all blank:(
Answer:
Sajini = 200
Drea = 225
Step-by-step explanation:
d = amount Drea earned
s = amount Sajini earned
Together they earned 425
d+s =425
d = s+25
The system of equations
d+s =425
d = s+25
I will use substitution to solve
Substitute d= s+25 into the first equation
d+s =425
(s+25) + s = 425
Combine like terms
2s+25 =425
Subtract 25 from each side
2s+25-25 =425-25
2s = 400
Divide by 2
2s/2 =400/2
s =200
Sajini = 200
Now we need to find d
d = s+25
d = 200 + 25
d = 225
Drea = 225
