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
The answer to this question would be: 5 second
In this question, you are given the initial distance (300ft), car velocity(48ft/s) and the final distance(60ft). You are also given the equation to calculating the distance, so this question should be easier. The question is when the time where the distance is 60 ft. So the answer would be:
distance= 300-48t
60 = 300ft- 48t
48t= 300- 60=240
t= 5
Answer:
$24.75
Step-by-step explanation:
22/8= $2.75 per gallon
2.75*9= 24.75
we are given
we can use average rate of change formula from t=a to t=b
Here, we are given from t=1 to t=4
so, we will get formula as
now, we can plug values
now, we can simplify it
the average rate of change in the number of acres cleared for farming between t = 1 and t = 4 is 10 acres/ month.............Answer
To find the total profit, add p(x) and q(x):
(110 + 25x) + (15x + 85)
15x + 25x + 110 + 85 --> group like terms
40x + 195 --> add like terms
p(x) + q(x) = 40x + 195 --> This is the function that represents the total profit for January and February
