Answer:
The balance of the loan will be approximately $15,000. - Month 16
The balance of the loan will reach $0. - Month 50
Answer:
Total amount Omar earn = $120
Step-by-step explanation:
Given:
Total amount Omar, Hala and Lujain got paid = $240
Ratio of money Omar, Hala and Lujain got paid = 5:9:10
Find:
Total amount Omar earn
Computation:
Total amount Omar earn = [Total amount Omar, Hala and Lujain got paid][Omar'ratio / Total ratio]
Total amount Omar earn = [240][5 / (5+9+10)]
Total amount Omar earn = [240][5 / (24)]
Total amount Omar earn = [24][5]
Total amount Omar earn = $120
First we need to find what 3% of 700 is. We know 10% is 70, 5% is 35, so we need to find out what 3% is. If you don't know how to calculate percentages of a number, I recommend starting with 10%. This way you know 10% of the number is 70, so you will also know that 1% of the number is 7. 7 x 3 = 21. So 3% of 700 is 21. Since it was over 6 years, we multiply 21 x 6. That gives us 126. She will be paid $126 in interest in the first six years.
The answer is 296 hope it helps
