Answer:
1/3
1/7
1/11
1/13
1/17
Step-by-step explanation:
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The cost of the mortgage is $81250
<h3>What are interests?</h3>
Interests are percentages of a principal
Given the following parameters
Principal = $65000
Rate = 7% = 0.07
Time = 5 years
<h3>Calculate the interest</h3>
I = PRT/100
I = 65000*0.07*25
I = 16,250
<h3>Determine the cost of the mortgage</h3>
Cost of mortgage = Principal + Interest
Cost of mortgage = 65000 + 16250
Cost of mortgage = 81,250
Hence the cost of the mortgage is $81250
Learn more on mortgage here: brainly.com/question/22846480
Answer:
The rate of interest for compounded annually is 6.96 % .
Step-by-step explanation:
Given as :
The principal amount = Rs 4600
The time period = 5 years
The amount after 5 years = Rs 6440
Let The rate of interest = R %
<u>From compounded method</u>
Amount = Principal × 
or, Rs 6440 = Rs 4600 × 
Or,
= 
or, 1.4 = 
Or,
= 1 + 
or, 1.0696 = 1 + 
or,
= 1.0696 - 1
Or,
= 0.0696
∴ R = 0.0696 × 100
I.e R = 6.96
Hence The rate of interest for compounded annually is 6.96 % . Answer
Answer:
Charlotte spent
on furniture
Step-by-step explanation:
Given:
Charlotte spent 25% more on furniture than she will on flooring
To Find:
Amount spent on furniture = ?
Solution:
Let the amount spent on flooring be x
and the amount spent on furniture be y
25% more on furniture than she spent on flooring can be written as
=>25% of x
So the cost spent on furniture will be
=>y= cost spent on flooring + 25% of cost spent on flooring
=>y= x + 25% of x
=>y=
=> y=