Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: 
× 
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e 
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal
F(x)=25x+100To find the second month substitute x with 2. f(2)=25(2)+100month 2= $150 Do the same for month ten but substitute x with 10 this time.f(10)=25(10)+100month 10= 350 The average rate of change is $25.
Answer:
P=104
Step-by-step explanation:
-212+316=104
therefore p=104
Answer: Slope: -1 Y-intercept: -4
Step-by-step explanation:
Slope formula:
m = -1
When you draw this on the graph, the y-intercept is -4.
y = -4
