Intersection point or point of intersection
<span>To put the unknown in other words, we are to determine a fraction that has a denominator of 10 which should be equivalent to 3/5. If we let x be the numerator of the second fraction such that we form a proportion out of the two fractions that is,
3/5 = x/10
The value of x is calculated as below,
x = (3)(10) / 5 = 6
ANSWER: 6</span>
Answer:
5.714 (rounded to the nearest thousandth)
Step-by-step explanation:
The total amount of loan payable in 5 years = amortization *60
where:
monthly amortization = $444.89
Total amount of car loan = $26263.4
Remaining balance =15 months x monthly amortization
Remaining car loan balance = $6673.35
Jose needed an amount of $6673.35 to fully pay his five-year car loan.