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
Answer:
This question contains some errors; the correct question is:
You pack sandwiches for a mountain hike with your friends. Each sandwich takes 2 slices of bread, and each hiker eats one sandwich. How many slices of bread are used for n hikers? Write your answer as an expression.
The answer is:
(2n) slices of bread for n hikers
Step-by-step explanation:
According to the question, sandwiches packed for a mountain hike with friends is made of two (2) slices of bread.
Each hiker gets one sandwich
This, n hikers will get n× 1 sandwich
= (n) sandwiches.
If 1 sandwich contains 2 slices of bread, then (n) sandwiches for n hikers will contain:
(2 × n) slices of bread
That is, (2n) slices of bread.
The expression is (2n).
Answer:
Which expression is equal to ? The correct answer is B.
Read more at Answer.Ya.Guru – https://answer.ya.guru/questions/1312867-which-expression-is-equivalent-to-rootindex-3-startroot-64-a.html
Answer:
He pays to the cab driver for 25 miles.
Step-by-step explanation:
Consider the provided information.
Let us consider he walks x miles at the rate of 4 miles per hour.
As we know 
Therefore, time taken is: 
He get a taxi for (31-x) miles at the rate of 50 miles per hour.
Therefore, time taken is: 
It took 2 hours after he started.
That means the sum of time take is 2 hours.
Hence he walk 6 miles and he get a taxi for 31-6=25 miles.
He pays to the cab driver for 25 miles.
