The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Answer:
I can't help u with this cause I do not know this kind of math I only learn about Fractions and other math except for algebra.
Step-by-step explanation:
I wish u the best of luck on trying to figure out this answer.
If you think about it, you have your answer in your question.
Convert 2/4 to 1/2 which in decimal form, is .5.
You’re final answer is -2.3,-2 2/4,-2.6.
I hope this helps!
Answer:
28 i think.
Step-by-step explanation:
A week has 7 days so 7×2 is 14 and thats the same for the other week. Add those together and you'll get 28.
Answer:
System of equations:
20x + 30y = 650
x + y = 25
Time underwater = 10 hours
Time at the surface = 15 hours
Step-by-step explanation:
Let x = time underwater at 20 km/h.
Let y = time on the surface at 30 km/h.
speed = distance/time
distance = speed * time
distance underwater: 20x
distance on the surface: 30y
total distance: 650
20x + 30y = 650
total time: x + y
total time: 25
x + y = 25
20x + 30y = 650
x + y = 25
20x + 30y = 650
-20x - 20y = -500
--------------------------------
10y = 150
y = 15
x + y = 25
x + 15 = 25
x = 10
