If Clare takes out a mortgage for 22 years at an interest rate of 3% and her monthly repayments are $984, what is the principal loan amount?

Answers

Answer 1

Using simple interest, it is found that the principal loan amount was of $156,491.6.

The amount of money after t years in simple interest is modeled by:

[tex]A(t) = A(0)(1 + rt)[/tex]

In which:

A(0) is the initial amount, which is also called principal. r is the interest rate, as a decimal.

In this problem, she paid $984 monthly for 22 years, hence:

[tex]t = 22, A(t) = 984(22)(12) = 259776[/tex]

Interest rate of 3%, hence [tex]r = 0.03[/tex]

Then:

[tex]A(t) = A(0)(1 + rt)[/tex]

[tex]259776 = A(0)[1 + 0.03(22)][/tex]

[tex]A(0) = \frac{259776}{1 + 0.03(22)}[/tex]

[tex]A(0) = 156491.6[/tex]

The principal loan amount was of $156,491.6.

A similar problem is given at https://brainly.com/question/13176347


Related Questions

What is the midline of the function y=19cos(9x+3)+34 ?
plss help mee

Answers

Factor out the horizontal stretch,

Midline of y=cosx is 0

This graph is shifted 34 units up

Midline is 34

The midline of the function is y = 34.

What is a function?

A function has an input and an output.

A function can be one-to-one or onto one.

It simply indicated the relationships between the input and the output.

Example:

f(x) = 2x + 1

f(1) = 2 + 1 = 3

f(2) = 2 x 2 + 1 = 4 + 1 = 5

The outputs of the functions are 3 and 5

The inputs of the function are 1 and 2.

We have,

The midline of a periodic function is the horizontal line that divides the graph of the function into two equal parts.

For a cosine function of the form y = A cos(Bx - C) + D, the midline is given by the equation y = D.

In this case, the function is y = 19cos(9x+3)+34, so the midline is given by the constant term, which is D = 34.

Therefore,

The midline of the function is y = 34.

Learn more about functions here:

https://brainly.com/question/28533782

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mary,jose and aldo served a total of 82 orders monday at school cafeteria. mary served 6 more orders than jose. Aldo served 2 times as many orders as mary. how many orders did they each serve?

Answers

Answer:

See down

Step-by-step explanation:

Mary served 22 orders, Jose served 16 orders and Aldo served 44 orders:

(Mary) 22 + (Jose) 16 + (Aldo) 44 = 82

Help help help help

Answers

Answer:

a = (3,6)

b = (9,-3)

c = (-12,-6)

Step-by-step explanation:

Multiply the values of the cordinates by the 3.

(1.2)

3,3

a = (3,6)

(3,-1)

3,3

b = (9,-3)

(-4,-2)

3,3

c = (-12,-6)

Try that one C~-12,-6

How do I do this man

Answers

Answer:

D

Step-by-step explanation:

g(x)=[tex]-\sqrt[3]{x-1}[/tex]

what is 6/10 plus 4/10

Answers

Answer:

1

Explanation:

[tex] \frac{6}{10} + \frac{4}{10} [/tex]

By taking LCM

We get

[tex] \frac{6 + 4}{10} = \frac{10}{10} = 1[/tex]

Answer:

The answer is 10/10 or just 1.

Step-by-step explanation:

The list of ordered pairs below represents a function.
{(-12, –8), (-2,7), (0,4), (-4,3)}
Find the range of the function. Write your answer' as a comma separated list.

Answers

Answer:

{-8, 3, 4, 7}

Step-by-step explanation:

range is y values in the ordered pairs

{-8, 3, 4, 7}

What is y, picture below

Answers

Answer:

100 Degrees is the value of y.

Step-by-step explanation:

ALL triangles add up to 180 degrees, and in this figure, 40 degrees is on two of the 3 angles so, 40+40=80, 180-80=100.

100 Degrees = y

Marks brother is five years older than mark. Their combined ages add up to 23. How old is mark?

Answers

Answer:Mark would be 11

Step-by-step explanation: If we divide 23 and 2 because there's two people we would get 11.5. Now subtract 11.5 by 5 which is 11. Mark is 11 years old. Good luck!

If an item that originally cost $12 is increased to $16, what is the percentage of increase in the item?

Answers

Answer:

[tex] \rightarrow [/tex] 12.5%

=================================================

Explanation/Solution:

To solve, use the formula:

[tex] \rightarrow \: \rm Percent \: of \: Increase = \frac{Amount \: of \: Increase}{Original \: Amount} \\ [/tex]

Solve.

[tex] \rightarrow \: \rm = \frac{16 - 12}{12} [/tex] Amount of increase: 16 - 12 = 2

[tex] \rightarrow \: \rm = \frac{2}{16} [/tex] Simplify.

[tex] \rightarrow \: \rm = \frac{x}{100} = \frac{1}{8}[/tex] Write the fraction as a percent.

[tex] \rightarrow [/tex]8x = 100 Find the product of the extreme and the means.

[tex] \rightarrow \: \rm = \frac{8x}{8} = \frac{100}{8}[/tex] Divide both sides by 8.

[tex] \rightarrow [/tex]x = 12.5

Therefore, the percentage of increase in the item is 12.5%.

Solve for x in terms of y if 3x - 5 = y.

Answers

Answer:

5/3

Step-by-step explanation:

y= 3x - 5

Replace y with 0

0 = 3x -5

Rewrite the equation as

3x−5=0

Add 5 to both sides of the equation.

3x=5

Divide each term by 3 and simplify.

x = 5/3

Hope this helped :)

Expand and simplify the following
√3 (√3 - 1)
√5 (√10 + √2)​

Answers

Answer:

3 - [tex]\sqrt{3}[/tex]

10+[tex]\sqrt{10}[/tex]

Step-by-step explanation:

[tex]\sqrt{3}[/tex] ([tex]\sqrt{3}[/tex] - 1) → 3 - [tex]\sqrt{3}[/tex]

[tex]\sqrt{5}[/tex] ([tex]\sqrt{10}[/tex] + [tex]\sqrt{2}[/tex] ) → [tex]\sqrt{50}[/tex] + [tex]\sqrt{10}[/tex] → 2[tex]\sqrt{25}[/tex] + [tex]\sqrt{2}[/tex][tex]\sqrt{5}[/tex] → 2(5)+ [tex]\sqrt{10}[/tex] → 10+[tex]\sqrt{10}[/tex]

y - 2x=4
3x -5y =15 ddddddddddd

Answers

Answer:

Hope this is right and helps :)

Step-by-step explanation:

Compute​ r, the correlation​ coefficient, using the following data.

Answers

Answer:

The r=.950

Step-by-step explanation:

left parenthesis negative 2 minus 4 right parenthesis plus left parenthesis 5 minus 10 right parenthesis minus 6 left parenthesis 3 right parenthesis

Answers

Answer:-29

Step-by-step explanation:

(-2-4)+(5-10)-6(3)

-6+-5-18

Please help asap..
20 POINTS
THX

Answers

Answer:

B

Step-by-step explanation:

we know that the inverse function undoes the original function, there fore we get the answer as the second choice

Answer:

A is correct

Good Luck!!

One number is six less than a second number. Twice the first is 12 more than 6 times the second. Find the numbers.
The value of the first number is
The value of the second number is

Answers

Answer:

Step-by-step explanation:

Let x be the first number

Let y be the second number

x = y - 6

2x = 12 + 6y

2(y - 6) = 12 + 6y

2y - 12 = 12 + 6y

-4y = 24

y = -6

x = -6 - 6 = -12

Write 34% as a fraction in simplest form

Answers

Answer:

The answer is that the simplest fraction form of 34% is 17/50

Step-by-step explanation:

Both the numerator and denominator of the fraction 34/100 can only be divided by 2, to satisfy creating its simplest form.

34% = 17/50

Have an awesome day! :D

Answer:

[tex]\frac{17}{50}[/tex]

Step-by-step explanation:

To write any fraction as a percent, remember perCENT means per 100. Think of 100 cents in a dollar. So 34 perCENT means 34 of 100, which you write as [tex]\frac{34}{100}[/tex].

Simplest form means to reduce, so you see if there is any number you can divide out of the top and the bottom.

[tex]\frac{34}{100}[/tex] = [tex]\frac{17*2}{50*2}[/tex]= [tex]\frac{17}{50}[/tex]

Pls he’ll I’ll brainlest and add extra points

Answers

4

the other really do not make sense

Answer:

2

Step-by-step explanation:

GEOMETRY HOMEWORK HELP! PLS!!

Answers

Answer:

x = 37°

Step-by-step explanation:

Given the triangle with two given exterior angles, m ∠107° and m ∠110°:

We can use the exterior angle theorem where it states that the measure of each exterior angle of a triangle is equal to the sum of the measures of the opposite and remote interior angles.

Start by finding the supplement of m ∠110°, that will serve as the other remote interior angle.

The supplement of ∠110° is:

∠110° + y  = 180°

Where y = represents the other unknown interior angle.

Subtract ∠110° from both sides:

∠110° - ∠110°  + y  = 180° - ∠110°

y =  70°

Therefore, the other remote interior angle is y = 70°. Now, we can determine the value of x by establishing the following equation:

107° = x° + 70°

Subtract 70 from both sides:

107° - 70° = x° + 70°- 70°

x = 37°      

Calculate the volume of the pyramid. Round your answer to the nearest hundredth 10in 7in

Answers

Answer:

Place the numbers in their places. b=base h=height.

Step-by-step explanation:

What percent of 75 is 15? What percent of 15 is 75? What percent of 48 is 20? What percent of 88 is 88?

Answers

1. 70 is what percent of 15? =20

2. 15 is what percent of 70? =20

3. 48 is what percent of 20? = 41.67

4. 88 is what percent of 88? =100

Describe in words a sequence of transformations that maps ABC to A' B' C
Write an ordered-pair rule for this sequence of transformations.

Answers

Answer:

A reflection over the y-axis followed by a translation 4 units down

Step-by-step explanation:

hope this helps!

Which two triangles are congruent by the SAS Theorem?

Answers

Answer:

triangle ABC and triangle HFG, I know it is filled out as DCE, but I don't see any triangle DCE

Step-by-step explanation:

check the sides and the angles

What is 11% of 96 students

Answers

Answer:

8.7

Step-by-step explanation:

8.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.7

Which name is a correct way to name the tiling?

Answers

Answer:

sowing, I'm not sure about the exact answer

Answer:

6^3

Step-by-step explanation:

In a math class, the teacher asked the students to find the approximate value of one of the x-coordinates of a point of intersection of two functions: f(x) = 2x2 − 3x + 4 g(x) = 5x − 1 Her students gave her different answers. Which answer is the most accurate?
A.
0.8
B.
0.9
C.
1.9
D.
1.1

Answers

Answer:

A. 0.8

Step-by-step explanation:

An easy way is to substitute values into both equations and compare:

A. x = 0.8

f(x) = 2(0.8)² - 3(0.8) + 4 = 2.88g(x) = 5(0.8) - 1 = 3

B. x = 0.9

f(x) = 2(0.9)² - 3(0.9) + 4 = 2.92g(x) = 5(0.9) - 1 = 3.5

C. x = 1.9

f(x) = 2(1.9)² - 3(1.9) + 4 = 5.52g(x) = 5(1.9) - 1 = 8.5

D. x = 1.1

f(x) = 2(1.1)² - 3(1.1) + 4 = 3.12g(x) = 5(1.1) - 1 = 4.5

As we see the most accurate one is A

Let's graph both function(Attached)

Let's round 0.775

[tex]\\ \sf\longmapsto 0.775[/tex]

[tex]\\ \sf\longmapsto 0.77[/tex]

[tex]\\ \sf\longmapsto 0.8[/tex]

Option A is correct

By the way this is not my work

Answers

Answer:

Use unit converter.

Step-by-step explanation:

resolve this equation

Answers

The expression above can be resolved to become; (5a + b)³

According to the question:

We are required to determine resolve the expression as given in the question.

To resolve the expression given;

We are required to multiply the polynomials as follows;

(5a + b) (25a² + 10ab² + b²)

= 125a³ + 50a²b² + 5ab² + 25a²b + 10ab³ + b³

However; the expression above can be factorised to become;

(5a + b)³

Upon expansion; (5a + b)³ yields the expression gotten earlier;

125a³ + 50a²b² + 5ab² + 25a²b + 10ab³ + b³

Learn more about equation:

https://brainly.com/question/21879915

Carrie loves carrots so much that she ate 30 of them for lunch. Her sister doesn’t like carrots as much and only ate 5 of them for lunch. The number of carrots Carrie ate is how many times greater than the number that her sister ate?

Answers

If carrie ate 30 and her sister at 5. To find how many times greater than the number her sister ate we just need to divide the two numbers. 30/5=6.

Which means she at 6 times the amount of carrots than her sister.

Divide 2/3 by 1/5. Simplify your answer and write it as a mixed number.

Answers

Answer:

3.33

Step-by-step explanation:

3.33

mixed number= 3 1/3

Answer:

3 1/3

Step-by-step explanation:

[tex]\frac{\frac{2}{3}}{\frac{1}{5}}[/tex] =

[tex]\frac{2}{3} * \frac{5}{1} = \frac{10}{3}[/tex]

10/3 = 3 1/3

-Chetan K

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