A = 1/2 hb
20 = 1/2 x 4 x b
20 = 2 b
b = 20 /2
b = 10
answer is <span>10 m</span>
Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
Answer:
$7.50 + (3.50/p) or 3.50/p
Step-by-step explanation:
let p represent how many people there are. you wish divide the drinks by each person, then add the cost of the game. (but i don’t know about adding the cost of the game because it never said if they played the game or not.
sorry if i got it wrong! :)
