Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: 
× 
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e 
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal
It applies because interest slowly increases the amount of money gained. IF you have any Tolkien related questions, feel free to ask me
The answer can't be C or D because the unit of volume is always cubed. The formula for volume of cylinder is (pi)(r^2)(h) . The pi(r^2) part is the formula for area of a circle which is what the base of the cylinder is. Fortunately the area is already given as 28.2. Plug that into the volume formula and plug in 3.1 for the height and multiply. I get 87.42 and the answer choice B seems to be the closest option
A]
Exponential function is given by the form:
y=a(b)ˣ
where:
a=initial value
b=growth factor
From the question:
a=$8000, b=1.015,
thus the exponential growth function of this situation is:
y=8000(1.015)ˣ
b] The value of the collection after 7 years will be:
x=7 years
Using the formula:
y=8000(1.015)ˣ
plugging the values we get:
y=8000(1.015)⁷
y=8,878.76
Answer: $8,878.76
Answer:
D.
Step-by-step explanation:
p=3s
p=3(16)
p=48 pencils
