The percentage of the payments made were due to interest is 32.6 %. Then the correct option is B.
<h3>What is the percentage?</h3>The amount of something is expressed as if it is a part of the total which is a hundred. The ratio can be expressed as a fraction of 100. The word percent means per 100. It is represented by the symbol ‘%’.
The following table shows a portion of a five-year amortization schedule.
A 5-year amortization schedule.
Loan amount or principal: 10,900 dollars.
The interest rate on loan: 10. 95 percent.
The table will be
Month Payment Principal Interest Balance
15 236.72 155.87 80.85 8704.27
16 236.72 157.29 79.43 8546.98
17 236.72 158.73 77.99 8388.25
18 236.72 160.18 76.54 8228.07
19 236.72 161.64 75.08 80.66.43
20 236.72 163.11 73.61 7903.32
Total payment = 6 × 236.72 = $ 1420.32
Total interest = 80.85 + 79.43 + 77.99 + 76.56 + 75.08 + 73.61
Total interest = $ 463.38
Then the percentage will be
More about the percentage link is given below.
Answer:
Step-by-step explanation:
So we have the function:
To solve for the inverse of a function, change f(x) and x, change the f(x) to f⁻¹(x), and solve for it. Therefore:
Add 9 to both sides:
Take the natural log of both sides:
The right side cancels:
Divide both sides by 6:
And we're done!
Answer:
2/5 with an exponent of 3 is 8/125 or 0.064
Step-by-step explanation:
Given:
A fraction = 2/5
Exponent = 3
To find the value of the fraction using the exponent.
We know that :
⇒
The exponents is the number of times a number is multiplied.
So,
⇒
⇒
⇒
On further division the number can be written as 0.064