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
Basically its just saying that How many people will move to the next round
Answer:
3
Step-by-step explanation:
Your problem statement tells you ....
- f(x) passes through point (3, negative 1)
- g(x) passes through point (3, negative 1)
This tells you the input value that produces the same output value for the two functions is 3, and that output value is -1.
Answer:
41 word/min
Step-by-step explanation:
Before noon Ali works:
- 4 hours= 4*60 min= 240 min
She types:
After lunch she works:
She types:
Total Ali works= 4+4= 8 hours= 480 min
Total Ali types= 11520+8160= 19680 words
Average typing rate= 19680 words/480 min= 41 word/min