Is there something along the lines of this on there?
Sample Response:
<em>The linear equations have the same slope, so the rate of change for each is the same. As long as the rate of change is the same, the lines will stay the same distance apart and not intersect.</em>
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Answer:
The interest rate is 0.0425%
Step-by-step explanation:
Mathematically;
I = PRT/100
From the question, I in this context is the difference between how much they have paid and the amount borrowed
Mathematically, this is ; 364,000-160,000 = 204,000
This is the interest
R is the rate = ?
T = 30 years
P is the amount borrowed = 160,000
thus, we have
204,000 = (160,000 * R * 30)/100
2040 = 4800000R
R = 2040/4800000
R = 0.000425 which is 0.0425%
If you only have a piece of wood 7/8 feet long and you cut off a 1/4 feet piece, you are left with 5/8 foot board. all you have to do is to subtract 7/8 - 1/4.
7/8 - 1/4 = 7/8 - 2/8 = 5/8