As given,
Loan amount is = $45000
Rate of interest = 8.5%
So, Tony's mortgage will attract an interest of:
= $3825 (this is yearly)
And for 1st month it will be =
= $318.75
As given, the first month's payment is $390.60 and this covers the interest Additional amount ($390.60 - $318.75 = $71.85) is a payment against the principle.
Hence, the new principle after the 1st month is $71.85 less than $45000
= 45000-71.85 = $44928.15
Hence, the last option $44928.15 is the correct answer.
Since the troop made 10 times her then you multiply 950 by 10 and that will give you 9510
Answer:
-7
Step-by-step explanation:
Answer:
1.60x=32.00
Step-by-step explanation:
Since you do not how much gallons of gas he bought you would use the variable x.
Unpaid balance 283.63-60=223.63
Finance charge
223.63*(0.015/12)=3.35
New balance
223.63+3.35+51.36==278.34