Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: 
× 
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e 
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal
<span>A. What was the cost of the pages in Dorothy's album?</span>
Answer:
Step-by-step explanation:
You have to multiply 30 cents until you get to the total.
Answer:
25
Step-by-step explanation:
Each of the 16 "ratio units" representing all 80 dancers must stand for ...
(80 dancers)/(16) = 5 dancers
Then 5 "ratio units" representing seventh-grade dancers will stand for ...
5 × 5 dancers = 25 dancers
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Another way to figure this is to write the proportion ...
(seventh-grade dancers)/(all dancers) = 5/16
seventh-grade dancers = (all dancers)×(5/16) = 80×5/16
seventh-grade dancers = 25
Answer: The answer is A and D
