Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: 
× 
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e 
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal
Answer:
A. y = 1/2 x.
Step-by-step explanation:
Use the point-slope form of a linear (straight line) function:
y - y1 = m(x - x1)
m = 1/2, x1 = 4 and y1 = 2, so:
y - 2 = 1/2(x - 4)
y = 1/2x - 2 + 2
y = 1/2 x (answer)
3. X= y-3
You subtract 3 to the other side to make X the subject of the formula.
Answer:
y = cos 2/3 x
Step-by-step explanation:
Answer:
10.2
Step-by-step explanation:
