Answer:
3) C) $792.50
4) D) $707.50
Step-by-step explanation:
3) Home price = $ 253,600
Mortgage rate = 3.75% APR
Therefore, monthly rate = 3.75% divide by 12
= 0.0375/12
= 0.003125
1st month interest = principle * 0.003125
= 253600*0.003125
=$792.50
3) Answer: $792.50
4) You paid $1500
The first monthly interest = $792.50
Principal paid in the first month = 1500 - 792.50
= $707.50
Answer: D) $707.50
Thank you.
Answer:
22
Step-by-step explanation:
The easiest way to do this is to multiply the number you got right by 1+ the percent you got wrong. In this case it would be 1+.18. If you multiply 18 by 1.18 you get 21.24. Because you cant have part of a question you need to round up. To check you can divide 18 by 22 and you get 81.81. I hope this helps!
5 million is greater than 152000 because 5 million = 5,000,000 and that is larger than 152000 (only 152 thousand; 5 million is 5000 thousands)
