Please show all work i’ll mark brainliest
1 answer:
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Answer:
$291,016.80
A is correct.
Step-by-step explanation:
You are applying for an 80/20 mortgage to buy a house costing $145,000.
Loan Formula:
Case 1:
Loan amount, P = 80% of 145000 = $ 116,000
Rate of interest, r = 4.75% = 0.0475
Time of loan, n = 30 years = 360 months
Substitute the values into formula.
Total payment for case 1: 605.11 x 360 = $217,839.60
Case 2:
Loan amount, P = 20% of 145000 = $ 29,000
Rate of interest, r = 4.75% = 0.07525
Time of loan, n = 30 years = 360 months
Substitute the values into formula.
Total payment for case 1: 203.27 x 360 = $73,177.20
Total amount of the mortgage = $217,839.60 + $73,177.20
= $291,016.80
Hence, The total amount of the mortgage is $291,016.80
Answer:
infinitely many solutions (infinite solutions)
Step-by-step explanation:
2y - 8 = 6x
+8 +8
-------------------------------
2y = 6x + 8
=
+
-------------------------------
y = 3x + 4
Because 3x + 4 = 3x + 4, there are infinitely many solutions to this system of equations. This is because they're the exact same equations. Any substitution for x will give you a true statement to y when compared to the other equation.