Answer:
3) C) $792.50
4) D) $707.50
Step-by-step explanation:
3) Home price = $ 253,600
Mortgage rate = 3.75% APR
Therefore, monthly rate = 3.75% divide by 12
= 0.0375/12
= 0.003125
1st month interest = principle * 0.003125
= 253600*0.003125
=$792.50
3) Answer: $792.50
4) You paid $1500
The first monthly interest = $792.50
Principal paid in the first month = 1500 - 792.50
= $707.50
Answer: D) $707.50
Thank you.
Answer:
x is no more than -6
Step-by-step explanation:
Because there was a pay rise, we can write the equation as x+0.04x = 24.492 and solve for x.
x+0.04x = 24.492
1.04x = 24.492
x=23.55
His original pay was £23.55
Answer:
( 1/3, 5 2/3) Or (0.33, 5.66)
Step-by-step explanation:
If you graph the 2 equations and see where they intersect, they will land on the answer.
