Answer:
The amount that will go towards the balance is 385.71.
Step-by-step explanation:
The information provided is:
P = Principal of loan = $15,000
r = interest rate = 5.4% p.a. = 
n = number of periods = 36
The amount of the monthly payment that will go towards the balance is:
Amount towards the balance = EMI - Interest
First compute the Equated monthly installments (EMI) as follows:
Now compute the interest as follows:
The amount that will go towards the balance is,
Amount towards the balance = EMI - Interest
= 453.21 - 67.5
= 385.71
Thus, the amount that will go towards the balance is 385.71.
Answer:
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Answer:
8minutes per mile
Step-by-step explanation:
You ran 3 miles since 9am divide 24 by 3 to get 8 minutes
Answer:
A.
Amir's equation : 5.50 p + 55.99 =200
Edward's equation : 5.50 p+ 55.99 ≤ 200
B. Amir's equation presents the situation best because it gives the cost of the part as per the budget. Edward's equation gives room for lesser amounts to be used in case p< 26.
Step-by-step explanation:
The budget is $200
The party room charges $55.99
The charge per person is $5.50
Letting p =number of people that can attend the party, then
A.
Equation for cost that Amir use is;
$5.50*p + $55.99 = $200
5.50 p + 55.99 =200
5.50 p = 200-55.99
5.50 p =144.01
p= 144.01/5.50 = 26 -------Amir's equation will also give the number of people that can attend the party with the budget of $200
For Edward's case
$5.50 p +$55.99 ≤ $200
5.50 p+ 55.99 ≤ 200
5.50 p ≤ 200-55.99
5.50 p ≤ 144.01
p ≤ 144.01/5.50
p ≤ 26
Edward's inequality suggests that for the budget of $200 , 26 or less people can attend the party.
B. Amir's equation presents the situation best because it gives the cost of the part as per the budget. Edward's equation gives room for lesser amounts to be used in case p< 26.
