What is the slope of the line defined by the parametric equations x=-2+4t and y=1+4t ?
1 answer:
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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:
40.1%
Step-by-step explanation:
I am assuming that 192 is in 100%.
100% = 192
I then represent the value that we are looking for with .
x% = 77
By dividing both equations (100% = 192 and x% = 77) and remembering that both left hand sides of BOTH equations have the percentage unit (%).
Now, of course, we take the reciprocal, or inverse, of both sides:
x = 40.1%
Thus making the answer: 40.1% of 192 is 77.