Answer:
Laura's monthly payment will be $501, and her total finance charge over the course of the loan will be $5,060.
Step-by-step explanation:
Given that in a 5-year loan with an annual interest of 7.5%, the monthly payments for every $ 1,000 are $ 20.04, taking into account that Laura took a loan of $ 25,000, to determine the monthly payments and the total interest to be paid, they must be made the following calculations:
20.04 x 25 = X
501 = X
Thus, the monthly payments that Laura will have to make will be $ 501.
(501 x 12 x 5) - 25,000 = X
30,060 - 25,000 = X
5,060 = X
In turn, the total finance charge will be $ 5,060.
Answer:
xem
Step-by-step explanation:
Answer:
1 : 4
Step-by-step explanation:
Let x represent the amount of 30% solution for 1 unit of 5% solution. Then the amount of acid in the mix is ...
0.30x + 0.05·1 = 0.10·(x +1)
0.30x + 0.05 = 0.10x + 0.10 . . . . eliminate parentheses
0.20x = 0.05 . . . . . . . . . . . . . . . . subtract 0.05+0.10x
x = 0.05/0.20 = 1/4
That is, the ratio x : 1 is 1 : 4.
Step-by-step explanation:
the correct answer is c
