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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Answer:
1. 45.71 miles
2. 10 miles
3. 89.43 miles
4. 0.79 hr
5. 0.025 hr
Step-by-step explanation:
speed = distance/time
After 4 hrs Beverly was 200 miles from home , however she had spent 0.5hr travelling for 20 miles prior to getting to the highway.
Therefore;
Constant speed before Highway = 20/0.5 = 40 miles/hr
Constant speed at Highway = = 51.43 miles/hr
1. in 1 hr beverly will have travelled;
⇒ (20 miles in 0.5 hr ) + (0.5 hr at speed 51.43 miles/hr)
⇒ 20 + (0.5 x 51.43) = 45.71 miles
2. In 0.25 hr beverly had not reached the highway
⇒ distance = speed x time
⇒ distance = 40 x 0.25 = 10 miles
3. in 1.85 hrs beverly will have travvelld;
⇒ (20 miles in 0.5 hr ) + (1.35 hr at speed 51.43 miles/hr)
⇒ 20 + 69.43 = 89.43 miles
4. Time taken to get to 35 miles
⇒ (20 miles in 0.5 hr ) + (15 miles at speed 51.43 miles/hr)
⇒ 0.5hr + (15/51.43) hr = 0.79 hr
5. Time taken to travel 1 mile
⇒ time = distance / speed = 1 mile / 40 miles/hr
⇒ time = 0.025 hr
Given:
Required:
To write the given equation in slope intercept form.
Explanation:
Consider
Final Answer: