Given:
loan amount: 25,250
original interest rate: 3.4%
new interest rate: 6.8%
term: 10 years.
Assuming that simple interest formula is used.
I = P * r * t
I = interest
P = principal
r = interest rate
t = term/time
I = 25,250 * 3.4% * 10 years
I = 8,585
I = 25,250 * 6.8% * 10 years
I = 17,170
17,170 - 8,585 = 8,585 Additional interest paid using the new interest rate.
Using an online loan repayment calculator: Here are the following data:
Loan Balance:$25,250.00
Adjusted Loan Balance:$25,250.00Loan
Interest Rate:6.80%
Loan Fees:0.00%
Loan Term:10 years
Minimum Payment:$0.00
Monthly Loan Payment:$290.58
Number of Payments:120
Cumulative Payments:$34,869.23
Total Interest Paid:$9,619.23
<span><span>Loan Balance:$25,250.00
</span><span>Adjusted Loan Balance:$25,250.00
</span><span>Loan Interest Rate:3.40%
</span><span>Loan Fees:0.00%
</span><span>Loan Term:10 years
</span><span>Minimum Payment:$0.00</span>
<span>Monthly Loan Payment:$248.51
</span><span>Number of Payments:120</span>
<span>Cumulative Payments:$29,820.59
</span><span>Total Interest Paid:<span>$4,570.59</span></span></span>
To solve for m we want to get m by itself on one side of the equals sign, with everything else on the other side. First we subtract b from both sides, to get it out of the right side of the equation:
y - b = mx + b - b
y - b = mx
Now we divide both sides by x, to get m completely by itself:
(y-b)/x = (mx)/x
(y-b)/x = m
So m is equal to (y-b)/x.
B. (x-4)(3x2-5)
your welcome
You look at the hundreths place (4) and if it is 5 or more you round the tenths place up. so the number is rounded to 9.2
Option a:
is the equivalent expression.
Explanation:
The expression is
where 
Let us simplify the expression, to determine which expression is equivalent from the four options.
Multiplying the powers, we get,

Cancelling the like terms, we have,

This equation can also be written as,

Multiplying the terms in denominator, we have,

Thus, the expression which is equivalent to
is 
Hence, Option a is the correct answer.