Claire invests £200 000 in a savings account for 4 years.
2 answers:
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As given,
Loan amount is = $45000
Rate of interest = 8.5%
So, Tony's mortgage will attract an interest of:
= $3825 (this is yearly)
And for 1st month it will be = = $318.75
As given, the first month's payment is $390.60 and this covers the interest Additional amount ($390.60 - $318.75 = $71.85) is a payment against the principle.
Hence, the new principle after the 1st month is $71.85 less than $45000
= 45000-71.85 = $44928.15
Hence, the last option $44928.15 is the correct answer.
By definition we have that the average rate of change of the function is:
Evaluating the function for the complete interval we have that the AVR is given by:
Rewriting we have:
Simplifying the expression we have:
Answer:
the average rate of change of the function defined by the table is: