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.
Answer: The value of is 36.
Step-by-step explanation:
Given expression:
To find the value of at b= 5, we need to substitute the b=5 in the expression, we get
Therefore, the value of is 36, when b=5.
Answer:
A) Each of the smaller donations is $20.
B) The larger donation is greater than the smaller donations by $15.
Step-by-step explanation:
4+4+7 is equal to 15, and divide 75 by 15 to get $5 per part. Multiply 4 by 5 to get $20 for a smaller donation, and 7 by 5 to get $35 for the larger donation. Hope this helped :)
I don’t know I am just guessing but it’s False good luck