The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Answer:
Step-by-step explanation:
One pump will fill 200l in 20 minutes
So the rate of filling per pump will be 10l/minute (200/20)
Let the number of minutes it will take to fill the 600l be x minutes
Now, since the rate of filling per pump is 10 l/minute
Then in x minute, they would have filled 10l/minute * x = 10x liters
So it is now this 10x liters that will be equal to 600
To find x, we simply divide
10x = 600
x= 600/10
x = 6 minutes
5 x 3 = 15
30 x 3 = 90
15+90=105
so that person paid $105 for that day
Answer:
A. (0,1)
Step-by-step explanation:
all you do is switch the X and Y coordinates
Your question just shows periods.
