The interest due on the first payment is
.. I = Prt
.. I = 110,000*.055*(1/12)
.. I = 504.17
Then the decrease in principal resulting from the first payment is
.. 568.00 -504.17 = 63.83
and the new balance is
.. $110,000.00 -63.83 = $109,936.17
For this problem, we plug in the <em>numbers for t</em> and the <em>appropriate letters for e</em> to the equation <em>e = 300 - 10t</em>.
a) a = 300 - 10(-2)
simplify: a = 300 + 20
simplify: a = 320 ft.
But, this is not a viable point because when t≤0, she doesn't move anywhere, thus, should consistently be 300 ft.
b) b = 300 - 10(3.5)
simplify: b = 300 - 35
simplify: b = 265 ft.
c) c = 300 - 10(30)
simplify: c = 300 - 300
simplify: c = 0 ft.
Answer:
$12.50
Step-by-step explanation:
I might be wrong but you can try this answer