Independent variables are things that can stand alone. Which set of these variables does not rely on each other? For example the income and savings. I want 1,000,000 in my savings account, however my income is not nearly that high since I only make 19,000. Look at the other pairs and see if there is a correlation between them.
Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
Hello! So, in order to solve this question, we should do 500/4. 500/4 = 125. Multiply 125 by 3 and you get 375. The horse costs $125 and the carriage costs $375.
Answer:
The error is in the middle: 2(-12) = -24 not 24.
Step-by-step explanation:
