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Viktor [21]
4 years ago
7

Tommy Webster obtained a 30-year, $110,000.00 mortgage loan from People's Savings. The interest rate is 7.5 percent. For the fir

st payment, what is the interest?
Mathematics
1 answer:
Pepsi [2]4 years ago
4 0
The interest on the first monthly payment is ...
  I = Prt
  I = 110,000*7.5%*(1/12)= 687.50

For the first payment, the interest is
  $687.50

_____
The time period for the interest rate calculation is 1/12 year.
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Answer:

Scientific notation of the multiplication is 2.42\times 10^{25}

Step-by-step explanation:

(2.2\times 10^{7})(5\times 10^{8})(2.5\times 10^{3})(8.8\times 10^{5} )

= (2.2\times 5\times 2.5\times 8.8)10^{(7+8+3+5)}

[Since 10^{a}\times 10^{b}=10^{(a+b)}]

= 242\times 10^{23}

= 2.42\times 10^{25}

Therefore, the scientific notation of the multiplication is 2.42\times 10^{25}

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