4/5 divided by 8 is 0.1 other than that I don’t know that question is kind of vague
6.93 should be your correct answer
Interest = Pin = principal * interest rate * number of years
Let interest rate be i, then
600*i*2+150*i*4=90
1200i+600i = 90
i=90/(1200+600)=90/1800=1/20=0.05 or 5%
9514 1404 393
Answer:
no
Step-by-step explanation:
On average, there are about 173 1/3 hours per month, so James's take-home pay will be about ...
($15.50/h)(173 1/3 h/mo)(1 -26%) = $1988.13
His proposed rental is about ...
1400/1988.13 · 100% = 70.4%
of his take-home pay.
Most financial planners would recommend the percentage be well below 50%. It is unlikely James can make his proposed monthly payments.
