Total cost of the house = $215,000
Amount financed through mortgage = $189,375
Amount paid through other means (such as cash) = 215,000-189,375 = $25,625
Rate = 6.1% = 0.061
Number of years = 15 years
Monthly payment, M = P[i(1+i/12)^12*15]/[(1+i/12)^12*15 -1] = 189,375[0.061/12(1+0.061/12)^12*15]/[(1+0.061/12)^12*15 - 1] = $1,608.30
Total amount paid = $25,625 + (M*12*15) = $25,625 + $289,494.56 = $315,119.56
Seems the options given don't match the correct answer.
Answer: -10
Step-by-step explanation:
Simplifying
-3(y + 5) = 15
Reorder the terms:
-3(5 + y) = 15
(5 * -3 + y * -3) = 15
(-15 + -3y) = 15
Solving
-15 + -3y = 15
Solving for variable 'y'.
Move all terms containing y to the left, all other terms to the right.
Add '15' to each side of the equation.
-15 + 15 + -3y = 15 + 15
Combine like terms: -15 + 15 = 0
0 + -3y = 15 + 15
-3y = 15 + 15
Combine like terms: 15 + 15 = 30
-3y = 30
Divide each side by '-3'.
y = -10
Simplifying