Answer:
I think the answer is 33
Step-by-step explanation:
Extremely sorry if it's wrong
Answer:
$144.70
Step-by-step explanation:
Calculation to determine how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization
First step is to determine the Interest only monthly repayments
Using this formula
I=Prt
where,
P=$6925
r=0.05/1
t=1
Let plug in the formula
I=6925*0.05/12
I= $28.854166666
Second step is to determine the amount she will owe after 4 years
Using this formula
S=P(1+r)n
Let plug in the formula
S=6925*(1+0.05/12)4*12
S=6925*(1+0.05/12)48
S=$8454.70
Third step is to determine the Interest part
Interest =8454.70 - 6925
Interest = $1529.70
Now let determine the how much greater will the amount of interest capitalized be
Interest capitalized=1529.70 - 1385.00
Interest capitalized =$144.70
Therefore how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization is $144.70
3/2
<em>Step One:</em> 1 3/8, transform the number into a improper fraction:
- To have a mixed number in to a improper fraction, you need to use addition and multiplication. For 1 3/8, We first multiply the denominator (8, also know to be the bottom number of the fraction) to the whole number (1). 8x1= 8
- NOTE: The original denominator (8) will be use for are improper, again playing as the denominator, we only multiply the denominator for the numerator (which is the top number of a fraction).
- After multiplying, we'll add are product with the numerator (3) for the process. 8+3= 12
- Now we have both numerator and denominator for 1 3/8, we can create the improper fraction. 12 as the numerator and 8 as the denominator. 12/8
- We still need to simplify the number. To that, we need the biggest whole number, or rather I call it the lowest number, that can be divide both in 12 and 8.
- 4 can be divide by both number so: 12/4= 3 and 8/4=2
- Now 3 is are simplify numerator and 2 is are simplify denominator.
