9514 1404 393
Answer:
- to interest: $532.97
- to principal: $54.23
- new balance: $79,891.90
Step-by-step explanation:
The interest is found by multiplying the monthly rate by the balance on the loan. For the first month, the balance is the loan amount.
$79,946.13 × 0.08 ×(1/12) . . . . . one month = 1/12 year
= $532.97
The interest amount in the first payment is $532.97.
__
The amount of the first payment that goes to principal is what is left after the interest is paid:
$587.20 -532.97 = $54.23 . . . amount to principal
__
The new balance is the previous balance less the amount to principal:
$79,946.13 -54.23 = $79,891.90 . . . new balance
25/28
is in it's lowest form, as it cannot be reduced anymore.
25/28 = 0.8928571
hope this helps
What are we multiplying exactly?
Answer:
A clinical test on humans of a new drug is normally done in three phases. Phase I is conducted with a relatively small number of healthy volunteers. For example, a phase I test of a specific drug involved only 7 subjects.
Step-by-step explanation:
T
adds 6
t-6
divides by 6
(t-6)/6
shawn
7+t
divide by 7
(7+t)/7
theyare equal
(t-6)/6=(7+t)/7
times 42 both sides
7(t-6)=6(t+7)
distribute
7t-42=6t+42
minus 6t both sides
t-42=42
add 42 both sides
t=84
