Answer:
15%
Step-by-step explanation:
We have the followign simple interest formula
FV (aka AV)=PV(1+it)
which means that we have
(800+360)=800(1+3i)
1.45=1+3i
.45=3i
.15=i
15%
Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
Answer:
Distributive Property
Step-by-step explanation:
We have
5(3x - 6/7)
Distributive Property would work because 5 has to be mutliplied by 3x and -6/7 to rid the parenthesis and also give a final answer for the equation. Any others will lead to a wrong answer.
No there totally differnt
x = 1.50 + y
*40x + 40y = 940
40 (1.50 + y) + 40y = 940
60 + 40y +40y = 940
60 + 80y = 940
80y = 940 - 60
80y = 880
y = 880/80
y = 11
*x - y = 1.50
x - 11 = 1.50
x = 1.50 + 11
x = 12.5
x=DAVID
Y=PETER
