Answer:
Transitive
Step-by-step explanation:
Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
Answer:
Hi there!
Your answer is:
It will take 2.2 months for both gyms to be the same amount of money!
Step-by-step explanation:
Fitness 19:
39+ 17x
Anytime Fitness:
50+ 12x
Put them equal to each other:
39+17x = 50+12x
-12x
39+5x = 50
-39
5x = 11
/5
x= 2.2 months
39+17(2.2)= 76.4$
50+12(2.2)= 76.4$
Hope this helps!
