Answer:
(Interest rate/number of payments)*$170000= interest for the first month.
Interest amounts for all the months of repayment plus $170000=Total loan cost
Explanation:
Interest is the amount you pay for taking a loan from a bank on top of the original amount borrowed.
Factors affecting how much interest is paid are; the principal amount, the loan terms, repayment schedule, the repayment amount and the rate of interest.
The interest paid=(rate of interest/number of payments to make)*principal amount borrowed.
You divide the interest with number of payments done in a year where monthly are divided by 12.Multiplying it by loan balance in the first month which is your principal amount gives the interest rate to pay for that month.
You new loan balance will be= Principal -(repayment-interest)
Do this for the period the loan should take.
Add all the interest amount to original borrowed amount to get total cost of the loan after the period of time.
Answer:
ALL CAREFULLY ANSWERED CORRECTLY
Explanation:
1) A loaf of Bread PHYSICAL SYSTEM
✓ How can the environment affect the edibility of the bread
✓ What are the constituents that makes up the bread
✓ What process is involved in these constituents mixing to form the loaf.
2) The law of thermodynamics makes us to understand that when heat/energy passes through a system, the systems internal energy changes with respect to the conservation of energy law. That is energy lost = energy gained. Typically, ice would melt in a cup of hot tea because of the thermal energy in the molecules of the hot tea. When you heat a material, you are adding thermal kinetic energy to its molecules and usually raising its temperature. The temperature of the ice raises due to the kinetic energy added to it and it melts to water.
3) The theory of systems view the world as a complex system of interconnected parts. If we consider the society; (financial systems, political systems, etc) we will agree that they individually have their own components and it's the summation of this components that makes the system, this implies that system thinking could be applicable in this kinda of systems as long as they are made up of components.
4) Technology has boosted every sector of our lives and it has the capacity to do more. Restricting it's importance to entertainment alone would be an underusing of its potentials. Engineering students infact should not need any drive to be encouraged about maximizing all it can do in shaping our world.
5) ~ Nature shows its splendid soul
~Never ceases to leave us in amazement
~And we are in love
Answer:
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Explanation:
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