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
Ignatz has a probability of rolling his first $5$ on a 6:1 probability.
Answer:
Answer:
Option B is correct.
Miguel should study for the Science quiz as he will do worse in that quiz by guessing.
Step-by-step explanation:
Miguel has to take two quizzes
1) 4 true or false questions on History with a 0.5 chance of acing the quiz
Expected number of correct questions = np
n = number of questions
p = probability of acing the test
Expected number of correct questions = 4 × 0.5 = 2
2) 3 multiple choice questions on Science with a 0.2 chance of acing the quiz.
Expected number of correct questions = 0.2 × 3 = 0.6
It is evident that guessing would yield a worse result in the Science quiz with less than 1 question expected to be correct than history, where he is still expected to get 2 questions correctly by guessing.
Answer: 3.5
Step-by-step explanation:
Given: Dimensions of larger prism = length of 4.2 cm, a width of 5.8 cm, and a height of 9.6 cm.
Dimensions of smaller prism = length of 14.7 cm, a width of 20.3 cm, and a height of 33.6 cm.
Scale factor = 
Since, smaller figure is the original figure and the bigger one is the image.
So, scale factor =
[Taking lengths
Hence, the factor to produce the corresponding dimensions of the larger prism = 3.5