Answer:
The answer is B
Step-by-step explanation:
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Answer:
The Annual rate of interest for the mortgage is 1.8%
Step-by-step explanation:
Given as :
The mortgage principal = p = $167,000
The time period of mortgage = t = 20 years
The Amount paid towards mortgage in 20 years = A = $240,141
Let the Annual percentage rate on interest = r % compounded annually
Now, <u>From Compound Interest method</u>
Amount = Principal ×
Or, A = p ×
Or, $240,141 = $167,000 ×
or, =
Or , 1.437 =
Or, =
or, 1.018 =
Or, = 1.018 - 1
Or, = 0.018
∴ r = 0.018 × 100
i.e r = 1.8
So, The rate of interest applied = r = 1.8 %
Hence, The Annual rate of interest for the mortgage is 1.8% Answer
Answer:
11
Step-by-step explanation:
cross multiply - 2(2x-4) = 3(x=1)
4x - 8 = 3x + 3
4x - 3x = 3 + 8
x = 11
Answer:
82% of what number is 369
82% of 450 is 369
1) Negative five
-5 x 4 = -20
2) Negative eighty
-80 / -4 = 20
3) Negative 1/5
(-1/5) x (-20) = 4
4) Negative eighty
(-80) / 4 = -20