The answer is indeed 3,725.90. The reason why is because <span>with each adjustment, you take the remaining balance and calculate a fixed rate loan for the remaining time period at the new rate. When you follow that procedure with the data you already have, you get that answer.</span>
The easiest way to find a percentage is to divide the two numbers. You're trying to find what percent 3,000 is of 25,000, so you divide 3,000 by 25,000 to find the decimal.
3000/25,000 = 0.12
If you move the decimal point to the right two places, you'll have your percentage. (Percent means "out of one hundred", and since the decimal point is now in what was the hundredths place, it is now a percentage instead of a decimal.)
12%
$3,000 is a 12% raise from $25,000.
Add the number and that should be your numbers
Answer: 10
Step-by-step explanation:
