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Anit [1.1K]
2 years ago
10

Sam took out an 80/20 mortgage on a $205,000 home. What is the amount financed under the first mortgage

Mathematics
1 answer:
Usimov [2.4K]2 years ago
6 0

Given condition is: Sam took out an 80/20 mortgage on a $205,000 home.

Here, 80/20 refers to 80% mortgage amount means it will be paid as mortgage and 20% loan amount.

So, to find the amount financed under the first mortgage, we will find 80% of 205000.

\frac{80}{100}\times205000

= $164000

Hence, option A is the correct answer.

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A cake manufacturer boxes Swiss chocolate and German chocolate cakes at one site. A box of Swiss chocolate cake contains 0.55 lb
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2,500 German chocolate cake boxes.

1,500 Swiss chocolate cake boxes.

Step-by-step explanation:

Let 'S' be the number of Swiss chocolate cakes boxed and 'G' the number of German cholocate cakes boxed. If all of the available ingredients are used:

0.55*S +0.59*G = 2,300\\0.45*S+0.41*G = 1,700

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(0.55 *S +0.59*G)- \frac{0.55}{0.45} (0.45*S+0.41*G)= 2,300-\frac{0.55}{0.45}*1,700*\\0.088888*G = 222.222\\G=2,500\\S =\frac{2,300-2,500*0.59}{0.55}\\S=1500

2,500 German chocolate cake boxes and 1,500 Swiss chocolate cake boxes can be made each day.

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