The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Answer:
100 yards or 300 feet
Step-by-step explanation:
First,you do,2/5+2/3,but since you will need a common denominator,you will find the least common denominator for 5 and 3.The LCD(Least Common Denominator) will be 15 since both 5 and 3 could go in 15.Now,the equation looks like this: 2/15+2/15 since whatever you do to the bottom numbers,you NEED to do to the top numbers:2 and 2.Now you will need to do,2x3,since 5x3=15 and the answer to 2x3=6 then you do 2x5,since 3x5=15 the answer is 10 now the equation looks like this:6/15+10/15 now you add them together,and the answer will be 16/15 and if you want the answer to be a mixed number,it would look like this: 1 1/15. Hope this helps!
Step-by-step explanation:
step 1: given= 6*0=0
step 2: Use the distributive property
step 3: Substitute
step 4: -
step 5: Subtract 60 from both sides
step 5: simplify
