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
Answer:
Step-by-step explanation:
Total money = $600
Bicycle cost = $253.98
3 bicycle reflector = 3×$7.5 =$22.5
Bicycle helmet = $42.36
Total money spent will be equal to the = $(253.98+22.5+42.36)
= $318.84
Amount remaining = $(600-318.84)
= $281.16
The number of outfit he can get at $78.12 = $281.16/78.12 = 3.60
He can get 3 outfit and have $0.60
Left
Answer:
Step-by-step explanation:
Move the decimal point in the divisor and dividend.
Turn the divisor (the number you’re dividing by) into a whole number by moving the decimal point all the way to the right. At the same time, move the decimal point in the dividend (the number you’re dividing) the same number of places to the right.
Place a decimal point in the quotient (the answer) directly above where the decimal point now appears in the dividend.
Divide as usual, being careful to line up the quotient properly so that the decimal point falls into place.
Line up each digit in the quotient just over the last digit in the dividend used in that cycle.
-10.2 - 12.85 which would be -23.05
the 10.2 is negative because it is below zero
Question:
Abdulla took a takie from his home to the air port. The taxi driver chared an initial fee of 12AED pluse 2.50AED per km. How much change should the taxi driver give mr abdulla bach if he gave him 100AED at the end of his trip
Answer:
88 - 2.50x
Step-by-step explanation:
Given :
Initial charge = 12
Charge per kilometer = 2.50
Amount given to driver = 100
Let distance from home to airport = x
Total charge = (initial charge + (distance * charge per km)
Total charge = 12 + 2.50x
Change = (Amount given to driver - total charge)
Change = (100 - (12 + 2.50x))
100 - 12 - 2.50x
88 - 2.50x