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3 years ago

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You need a loan for your new house that you want to buy. The amount you borrow is $550,000 and the annual interest rate is 2% fo

r 30 years. How much interest do you need to pay?

1 answer:

melamori03 [73]3 years ago

3 0

Answer:

Step-by-step explanation:

Principle x Rate x Time

(550,000) (0.02) (360) = 3,960,000

Interest = 3,960,000

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Answer:

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or

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Step-by-step explanation:

Hi there!

Point-slope form: $y-y_1=m(x-x_1)$ where <em>m</em> is the slope and $(x_1,y_1)$ is a point that falls on the line

Plug in the slope, -6/7, and the given point, (1,2):

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To write the equation in slope-intercept form, isolate y:

$y-2=\displaystyle-\frac{6}{7}(x-1)\\\\y-2=\displaystyle-\frac{6}{7}x+\frac{6}{7}\\\\y=\displaystyle-\frac{6}{7}x+\frac{6}{7}+2\\\\y=\displaystyle-\frac{6}{7}x+\frac{20}{7}$

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3 years ago

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sweet-ann [11.9K]

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4 years ago

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