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bulgar [2K]
2 years ago
14

A loan of $ 8000 was repaid in 24 equal monthly instalments of $400. The rate of interest on the loan was

Mathematics
1 answer:
masha68 [24]2 years ago
7 0

Answer:

if im right 1600? i did it in my head so im not 100 percent sure

Step-by-step explanation:

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A couple can afford to make a monthly mortgage payment of $700. If the mortgage rate is 2% and the couple intends to secure a 30
Sever21 [200]
<h3>Answer:    $189,383.96</h3>

========================================================

Explanation:

  • r = 0.02 = decimal form of 2% annual interest
  • i = monthly interest rate
  • i = r/12 = 0.02/12 = (2/100)/12 = 1/600.
  • n = number of months = 12*30 = 360
  • P = monthly payment = 700

We'll plug those items into the formula below.

L = loan amount

L = P*( (1+i)^n - 1)/( i*(1+i)^n )

L = 700*( (1+1/600)^360 - 1 )/( 1/600*(1+1/600)^360 )

L = 189,383.961539639

L = 189,383.96

The couple can afford to borrow at most $189,383.96

5 0
3 years ago
All the students in a science class complete a 15-point
Nata [24]

Answer:

B

Step-by-step explanation:

Corret on A P E X

6 0
3 years ago
If the length of one side of an equilateral triangle measures 40 cm, what is the length of its altitude? State the letter of the
mamaluj [8]

Answer:

the length of its altitude is 34.64 cm

Step-by-step explanation:

Given;

length of a side of the equilateral triangle, L = 40 cm

All the sides of an equilateral triangle are equal

To get the altitude of the triangle, draw a perpendicular line from one of the vertices to intersect the opposite side.

Let the altitude = h

half of the opposite side intersected by the altitude = 20 cm

Apply Pythagoras theorem to determine the altitude 'h'

h² = 40²  -  20²

h² = 1200

h = √1200

h = 34.64 cm

Therefore, the length of its altitude is 34.64 cm

7 0
3 years ago
The legs of the drafting table form vertical angles. Find the measures of ∠1, ∠2 and ∠3.
Leviafan [203]

Answer:

m∡1 = 95°

m∡2 = 85°

m∡3 = 95°

Step-by-step explanation:

m∡1 + 85 = 180;   m∡1 = 95°

m∡2 = 85° because it is vertical and congruent to the angle measured 85°

m∡3 = m∡1 = 95° because they are vertical and congruent

4 0
3 years ago
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Simplify √10(√5+√6)<br> Thanks!
never [62]
Squareroot of 10 is 3.16

<span>(√5+√6) =4.68</span>
4 0
3 years ago
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