Answer:
C. $144,200
Step-by-step explanation:
We have been given that a borrower's monthly interest payment on an interest-only loan at an annual interest rate of 7.3% is $877.
To find the loan amount, we will use simple interest formula.
, where,
I = Amount of interest,
P = Principal amount,
r = Annual interest rate in decimal form,
t = Time in years.
One month will be equal to 1/12 year.
Upon substituting our given values in simple interest formula, we will get:
Upon rounding to nearest hundred, we will get:
Therefore, the loan amount was $144,200 and option C is the correct choice.
Answer:
n = 0
Step-by-step explanation:
Multiply parenthesis by 3 and get:
1.) 18 + 9n = 5n + 18 + 3n
Then cancel the equal terms:
9n = 5n + 3n
Collect like terms:
9n = 8n
Move variable to the left:
9n - 8n = 0
n + 0
Plugin the value of 0 into x:
3 (6 + 3 x 0) = 18
5 x 0 + 3 x 0 + 18 = 18
*If the plugged in value have the same result than the answer is correct because 18 + 18.
Bisector must pass through the mid-point, so we have to find out that mid-point of the segment:
mid point = x₁+x₂ / 2 , y₁+y₂/2
= 1 + 5 / 2 , 1 + 7 / 2
= 6/2 , 8/2
= (3, 4)
Slope of given segment = m = y₂-y₁ / x₂- x₁
m = 7-1 / 5-1
m = 6/4
m = 3/2
Now, segment which is perpendicular, will have the opposite & reciprocal slope, So, it would be: -2/3
We know, y - y₁ = m(x - x₁)
y - 4 = -2/3(x - 3)
y - 4 = -2/3x + 2
y = -2/3x + 6
In short, Your Final Answer would be: y = -2/3x + 6
Hope this helps!
Answer:
the second option
Step-by-step explanation:
