Answer:
a) monthly payment: $177.50
b) total amount paid: $31,950
c) toward principal: $17,500; toward interest: $14,450
Step-by-step explanation:
a) The amount of the monthly payment (A) is computed from the principal (P), the annual interest rate (r) and the number of years (n) using the formula ...
A = P·(r/12)/(1 -(1 +r/12)^(-12n))
Filling in your numbers, we can use r/12 = 0.09/12 = 0.0075, and 12n = 12·15 = 180:
A = $17500·0.0075/(1 - 1.0075^-180) ≈ $177.50
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b) The total payment over the term of the loan is 180 of these monthly payments:
180·$177.50 = $31,950
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c) $17,500 is paid toward the principal.
$14,450 is paid toward interest.
Answer:
C. 25 ÷ 10
Step-by-step explanation:
A. 10/25
B. 2/5
C. 25 ÷ 10
D. 0.4
Total customers at Becky's restaurant = 25
Customers who order wheat rolls = 10
It means 10 out of 25 customers order wheat rolls
That is
10 / 25
Dividing both numerator and denominator by 5
= 2 / 5
2/5 in decimal
= 0.4
The option Which does NOT represent the part of the customers who order wheat rolls
is 25/10
Option C. 25 ÷ 10
Need help on the same question
Answer:
no solution
Step-by-step explanation:
12x − 18y = 27
4x − 6y = 10
Multiply the second equation by -3 so we can eliminate x
-3(4x − 6y) = 10*-3
-12x +18y = -30
Add the first equation to this new equation
12x − 18y = 27
-12x +18y = -30
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0 = -3
This is not a true equation, so there is no solution
