(0, 2 )
to find the y-intercept, let x = 0 in the equation
x = 0 , then 10y = 20 ⇒ y = 2 ← ( y- intercept ) ⇔ (0, 2 )
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:
Let's solve your equation step-by-step.
−4(x−5)=92
Answer:
x=−18
Step-by-step explanation:
Answer:
Step-by-step explanation:
We have the compound inequality:
Let's solve each of them individually first:
We have:
Divide both sides by 2:
Add 1 to both sides:
We have:
Subtract from both sides:
Divide both sides by -4:
Hence, our solution set is:
Answer:
$11.8525
Step-by-step explanation:
To find the total price of purchase including sales tax, we need to add sales tax to our total. This can be done as follows: Purchase price + percentage of purchase price as according to sales tax. In the case of your problem, this takes the form of $11 + 0.0775(11). This expression is equivalent to 11.8525.
