Answer:
$1,220,200
Step-by-step explanation:
The total of Mary's payments is ...
$3695.20/mo × 30 yr × 12 mo/yr = $1,330,200
The difference between this repayment amount and the value of her loan is the interest she pays:
$1,330,200 -110,000 = $1,220,200 . . . total interest paid
_____
Mary's effective interest rate is about 40.31% per year--exorbitant by any standard.
Answer:
Step-by-step explanation:
Multiply across.
Then Simplify.
Answer:
Option b
Step-by-step explanation:
To represent this proportion using fractions, let the numerators be the number of waffles sold and denominator, the number of sugar cones.
Thus, the proportion that can be used to represent the cone sales is
14/6 = 7/3
