Answer:
1) Repaid for the loan = $239,511.60
2) Percentage = 58.2%
3) Average amount = $387.53
Step-by-step explanation:
Given :
Amount $100,000
Rate 7%
Payments 360 - $665.31
Total interest $139,511.60
To find :
1) How much will be repaid for this loan?
Repaid for the loan = Amount - Total interest
Repaid for the loan = 100,000 + 139,511.60
Repaid for the loan = $239,511.60
2) What percentage will be repaid for this loan?
3) What will be the average amount per payment for interest?
Answer:
y ≤ 2x -2 Option C.
Step-by-step explanation:
Equation of the dotted line which passes through (3,0) and (0,8) will be
y = mx+C
m = = -1
and C = 3
So equation will be y = x + 3
But shaded blue part is above the dotted line so inequality will be y> -x +3
Equation of the second solid line which passes through ( 0,-2) and (1,0) will be
y = mx + C
m = =
= 2
and C = -2
So equation of the line will be y = 2x - 2
But shaded yellow part is below the solid line.
So inequality will be
y ≤ 2x -2
Option C. is the answer.
