Lets solve it using a system of equations, c is the price of crayons and p the price of reams of paper, so we have:
1c + 5p = 54
5c + 3p = 50
those equations represent the situation. Lets solve the system multiplying the first equation by -5 and adding it to the second, we have:
-5c - 25p = -270
<span> 5c + 3p = 50
</span>---------------------
0 - 22p = - 220
22p = 220
p = 10
and now substitute in the original equation:
<span>1c + 5p = 54
</span><span>1c + 5(10) = 54
</span>c = 4
Answer:
72
Step-by-step explanation:
24 / 3 = 8
so
8*7 = 72
Answer:
i think they are both correct
It seems the real problem here is
1) determining the amount of time
2) determining the interest rate
Using a loan payment calculator, http://www.1728.org/mortmnts.htm
we determine that $235,000.00 financed for 30 years at a 7.7215% interest rate yields a monthly payment of $1,678.94
When financing a mortgage, (for example 30 years) in the early years of the mortgage, the vast majority of the payment goes to interest.
So, for your first payment, of $1,678.94, the amount going to interest is $1,512.13 and the amount going to principal is $166.81.
Basically, after spending $1,678.94 on your first mortgage payment, you actually own (the equity) $166.81.