Answer:
A. 31/100
Step-by-step explanation:
Change 3/10 to hundreds:
3/10 × 10/10 = 30/100
The denominator (the bottom number) must be 100.
61 - 30 is 31.
The missing number is 31/100. See image.
2 years = 24 months
So 4920 / 24 = 205$ per month
-8 3/8 = -8 15/40
-12 4/5 = -12 32/40 ,because you had to get a common denominator.
Since you are subtracting from a negative the negative turns into a positive.
-8 15/40 + 12 32/40 = 4 17/40
The answer to your question is 50,000
Answer:
The principle applied for second month payment is $1,339.13
B is correct
Step-by-step explanation:
Mortgage value = $231,450
APR = 4.65%
Monthly Payment = $2,236
First month interest of $231,450 of APR 4.65%
Interest
Interest of first month = $896.87
Monthly payment = $2,236
Second month's payment is applied toward the second month's principal
= Monthly Payment - First month Interest
= 2236 - 896.87
= 1339.13
Hence, The principle applied for second month payment is $1,339.13