The following table shows a portion of a five-year amortization schedule. A 5-year amortization schedule. Loan amount or princip
1 answer:
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.
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The given function is a variable separable differential equation. Combine like terms, integrate, apply the appropriate limits, and express V in terms of t. This is done as follows:
dV/dt = -3(V)^1/2
dV/-3V^1/2 = dt
m here is the initial V which is 225. Then after integrating,
-2/3 (√V - √225) = t
-2/3 (√V - 15) = t
That is the expression for V at time t. I hope I was able to help. Have a good day.
dV/dt = -3(V)^1/2
dV/-3V^1/2 = dt
m here is the initial V which is 225. Then after integrating,
-2/3 (√V - √225) = t
-2/3 (√V - 15) = t
That is the expression for V at time t. I hope I was able to help. Have a good day.