Answer:
Step-by-step explanation:
In order to figure out how much money was left in the account after the interest was withdrawn, we have to first find out how much money was initially deposited to earn that amount of interest! The means to find that initial investment is found in the simple interest formula
prt = I, where
p is the initial investement,
r is the interest rate in decimal form,
t is the time in years, and
I is the interest earned. Notice that we have all those things but the p.
Filling in:
p(.0425)(4) = 2380 and
.17p = 2380 so
p = 14000
That means that 14000 was initially invested. If the depositor withdrew the 2380, then
14000 - 2380 is the amount left in the account, namely, $11620
Answer:
If Dominic buys 2 points (2% of the loan value) he will get a better rate and hence less payment. The question is asking how long will it take him to save the initial investment of 2% of the loan value due to a smaller payment. The monthly payment at 5.45% is $1,146.43, the monthly payment for 5.2% is $1,118.66. This is a difference of $27.77 per month. The 2 points will cost him $3,752.00. The question is asking how long will it take Dominic to re-coup his $3,752.00 if he saves $27.77 per month. Just divide the 2 numbers and you get 135.10 months. If you divide that by 12 you get 11.26 years, which is roughly 11 years, 4 months.
Step-by-step explanation:
Here is what the question is asking. If Dominic buys 2 points (2% of the loan value) he will get a better rate and hence less payment. The question is asking how long will it take him to save the initial investment of 2% of the loan value due to a smaller payment. The monthly payment at 5.45% is $1,146.43, the monthly payment for 5.2% is $1,118.66. This is a difference of $27.77 per month. The 2 points will cost him $3,752.00. The question is asking how long will it take Dominic to re-coup his $3,752.00 if he saves $27.77 per month. Just divide the 2 numbers and you get 135.10 months. If you divide that by 12 you get 11.26 years, which is roughly 11 years, 4 months.
I'm not to sure if I know the other ones but number 12th Is 6
Step-by-step explanation:
Since the two lines intersect at point Q(x,y) the x & y values of both lines must be equal at point Q. so 3x+14=7x-10. Solving for x yields x = 6.
Answer:
x<20
Step-by-step explanation:
x-10<10
add 10 to both sides
x<20
X can therefore be anything less than 20.
9514 1404 393
Answer:
40°
Step-by-step explanation:
The similarity statement tells you that angles W and P have the same measure. The sum of angles in the triangle is 180°, so we have ...
∠R +∠W +∠T = 180°
85° +55° +∠T = 180°
∠T = 180° -140°
∠T = 40°
