60 percent of 264
=(60/100)*264
= (60*264)/100
= 15840/100=158.4
Answer:
hello I hope the image helps
Answer:
the average daily balance is 500
Step-by-step explanation:
If a payment of 5,000 is made on the tenth day you can divide 5,000 by ten to get the amount payed everyday before hand. Once you do that you will end up with the answer of 500. Therefore the average daily balance is 500
9514 1404 393
Answer:
- $137.90 more each month
- $246.00 less total interest
Step-by-step explanation:
The amortization formula is ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for the monthly payment on principal P at annual rate r for t years. Here, we have P=3300, r = 0.14, and t=1, so the monthly payment is ...
A = $3300(0.14/12)/(1 -(1 +0.14/12)^-12) ≈ $296.30
The payment of $296.30 is ...
$295.30 -158.40 = $137.90 . . . more each month
The total amount paid is 12×$296.30 = $3555.60, so 255.60 in interest. This amount is ...
$501.60 -255.60 = $246.00 . . . less total interest
The area is 24 square inches so it would cost $480
