Interest in first year 8% and beginning 2 year interest rate will go up to 23%. If balance is$1800 through the years what will be the difference in monthly interest owed during years 1 and 2

Answers

Answer 1

Suppose the initial balance is $1800, and the interest rate in the first year is 8 percent. In the second year, the interest rate would rise to 23 percent. We need to determine the difference in the monthly interest payable in years 1 and 2 in this case.  the difference in the monthly interest payable during years 1 and 2 is $22.5.

Here is how to compute the monthly interest for both years:

Year 1:In the first year, the interest rate is 8 percent.

Therefore, the monthly interest payable can be calculated as follows:

Monthly interest = (Annual interest rate x Balance)/12

Monthly interest = (8/100 x 1800)/12

Monthly interest = $12

Year 2:

In the second year, the interest rate is 23 percent.

Therefore, the monthly interest payable can be calculated as follows:

Monthly interest = (Annual interest rate x Balance)/12Monthly interest

= (23/100 x 1800)/12

Monthly interest = $34.5

Thus, the difference in the monthly interest payable between years 1 and 2 is:

$34.5 - $12

= $22.5.

Therefore, the difference in the monthly interest payable during years 1 and 2 is $22.5.

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Related Questions

What is the meaning of data in mathematics?

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Answer:

Data can be defined as a collection of facts or information from which conclusions may be drawn. Example of Data      EXAMPLE :The data shown below are Mark's scores on five Math tests conducted in 10 weeks.

Step-by-step explanation:

PLEASE HELP ME WITH THIS QUESTION!!!!

ILL GIVE 20 POINTS

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D. This was the first time Judicial Review took action in court.

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Answer:

145 degrees

Step-by-step explanation:

1. A straight line is 180 degrees

2. 180-35=145

HELP PLS!!! make sure to submit a pic of the graph!
Graph the piecewise function.

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Answer:

I cant graph on here

Step-by-step explanation:

Answer:

3x-5 if x≤-1    = Green

-2x+3 if -1<x<4   = Orange

2 if x≥4  = Purple

Choose the answer that best represents the situation described below. George is climbing a mountain. He knows that the higher the mountain, the more time the climb will take.
A. The time to climb the mountain is a function of climbing speed.
B. The height of the mountain is a function of climbing speed.
C. The time to climb in the function of its height.

Answers

It’s c the time to climb in the function of its height

law of sines and law of cosines

Answers

Answer:

Step-by-step explanation:

[tex]1.\\ \\ \frac{sin148}{25}=\frac{sinx}{12}\\ \\ x=sin^{-1}\frac{12sin148}{12}\\ \\ x=32^o\\ \\ 2.\\ \\ x^2=42^2+16^2-2(42)16cos120\\ \\ x^2=2692\\ \\ x=\sqrt{2692}\\ \\ 3.\\ \\ 19^2=17^2+14^2-2(17)14cosx\\ \\ x=cos^{-1}\frac{124}{476}\\ \\ x=74.9^o\\ \\ 4.\\ \\ \frac{sin22}{15}=\frac{sin(180-48-22}{x}\\ \\ x=\frac{15sin110}{sin22}\\ \\ x\approx 37.63[/tex]

Answer:

4. [tex]\displaystyle 38 ≈ x[/tex]

3. [tex]\displaystyle 75° ≈ m∠X[/tex]

2. [tex]\displaystyle 52 ≈ x[/tex]

1. [tex]\displaystyle 15° ≈ m∠X[/tex]

Step-by-step explanation:

Before we begin, here are the formulas for both laws:

Solving for Angles

[tex]\displaystyle \frac{x^2 + y^2 - z^2}{2xy} = cos∠Z \\ \frac{x^2 - y^2 + z^2}{2xz} = cos∠Y \\ \frac{-x^2 + y^2 + z^2}{2yz} = cos∠X[/tex]

Do not forget to use [tex]\displaystyle cos^{-1}[/tex]in the end or you will throw the result off!

Solving for Edges

[tex]\displaystyle y^2 + x^2 - 2yx\:cos∠Z = z^2 \\ z^2 + x^2 - 2zx\:cos∠Y = y^2\\ z^2 + y^2 - 2zy\:cos∠X = x^2[/tex]

Take the square root of the end result or you will throw it off!

-----------------------------------------------------------------------------------

Solving for Angles

[tex]\displaystyle \frac{sin∠Z}{z} = \frac{sin∠Y}{y} = \frac{sin∠X}{x}[/tex]

Do not forget to use [tex]\displaystyle sin^{-1}[/tex]in the end or you will throw the result off!

Solving for Edges

[tex]\displaystyle \frac{z}{sin∠Z} = \frac{y}{sin∠Y} = \frac{x}{sin∠X}[/tex]

_____________________________________________

4. [tex]\displaystyle \frac{15}{sin\:22} = \frac{x}{sin\:110} \hookrightarrow \frac{15sin\:110}{sin\:22} = x \hookrightarrow 37,627178911... = x \\ \\ 38 ≈ x[/tex]

3. [tex]\displaystyle \frac{-19^2 + 17^2 + 14^2}{2[17][14]} = cos∠X \hookrightarrow \frac{-361 + 289 + 196}{476} = cos∠X \hookrightarrow 0,2605042016... = cos∠X; 74,900018217...° = cos^{-1}\:0,2605042016... \\ \\ 75° ≈ m∠X[/tex]

2. [tex]\displaystyle 16^2 + 42^2 - 2[42][16]\:cos\:120 = x^2 \hookrightarrow 256 + 1764 - 1344\:cos\:120 = x^2 \hookrightarrow \sqrt{2692} = \sqrt{x^2}; 2\sqrt{673}\:[or\:51,884487084...] = x \\ \\ 52 ≈ x[/tex]

You could have also used the Law of Sines sinse the base angles are congruent [30°].

1. [tex]\displaystyle \frac{sin\:148}{25} = \frac{sin∠X}{12} \hookrightarrow \frac{12sin\:148}{25} = sin∠X \hookrightarrow 0,2543612468... = sin∠X; 14,735739332...° = sin^{-1}\:0,2543612468... \\ \\ 15° ≈ m∠X[/tex]

I am joyous to assist you at any time.

help please with math

Answers

Answer:

(2 x a)+(3 x b)+c=total points

Step-by-step explanation:

Which set of values makes the inequality x + 2 ≥ 0 true?

Answers

Answer:

-2

Step-by-step explanation:

Find the two whole numbers that are the closest to √42. Explain your reasoning

Answers

√42 is roughly 6.48~. This means the two whole numbers closest to √42 are 6 and 7.

The two whole numbers that are the closest to √42 are 6 and 7.

The given number is √42.

What is the square root of a number?

The square root of a number is the inverse operation of squaring a number. The square of a number is the value that is obtained when we multiply the number by itself, while the square root of a number is obtained by finding a number that when squared gives the original number.

The square root of √42 =6.48

The two whole numbers that are the closest to √42 are 6 and 7.

Therefore, the two whole numbers that are the closest to √42 are 6 and 7.

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I need this answered in 5 minutes!

Answers

Answer:

Step-by-step explanation:

a.19*5= 95

b.65*5= 325

c. 0*5=0

if my anwser helps please mark as brianliest.

To find the interquartile range you need to ____the upper and lower quartile values.​

Answers

Answer:

The correct options are: Interquartile ranges are not significantly impacted by outliers. Lower and upper quartiles are needed to find the interquartile range. The data values should be listed in order before trying to find the interquartile range. The option Subtract the lowest and highest values to find the interquartile range is incorrect because the difference between lowest and highest values will give us range. The option A small interquartile range means the data is spread far away from the median is incorrect because a small interquartile means data is nor spread far away from the median

Answer:

Calculate the median of

Step-by-step explanation:

Found on G O O G L E. Sorry if it's wrong.

Use Distributive Property to simplify the following expression: 10(m + 5)

Answers

This answer would be 10m+50. To distribute, you would multiply each thing in the parenthesis, by the ten. So 10 times m would be 10m and 10 times a positive 5 would be 50.

Yolanda has 1/6 cup ladle that she uses to pour gravy over potatoes she uses one full ladle for each serving for each server potato

Answers

Answer: what is the question

Step-by-step explanation:

The graph of f(x)=x is given which graph represents g(x)=1/3x

Answers

Answer:

Where are the graphs

Step-by-step explanation:

david roller skates with a constant speed of 12kmh how far can he travel in 3 hours

Answers

Answer:

36

Step-by-step explanation:

12 x 3 =36

Answer:

36 kilometers or 22.4 miles

Step-by-step explanation:

12 kmh times 3 equals 36

If your wages vary directly with how many hours you babysit, write the constant of
proportionality equation when w = 60 and h = 6.
W = wages
H = hours babysat

OPTIONS!!
1. W=1/10h
2. W=10H
3. H=10W
4. Y=1/10x

Answers

The answer to your question is option 2. W=10H

10x-3(2x+8) simplify and please step by step

Answers

Answer:4x−24

Step-by-step explanation:

10x−3(2x+8)

10x-(3*2x+3*8)

10x-(6x+24)

10x-6x-24

4x-24

Answer:

4x-24

Step-by-step explanation:

10x-3(2x+8)

step 1 distribute -3 to what's inside of the parenthesis

-3*2x=-6x and -3*8=24

so now we have 10x-6x-24

the last step is to combine like terms 10x+-6x=4x

4x-24

Find the area of each composite figure.

Answers

Answer:

89.14 Sq . meter

Step-by-step explanation:

Divide the figure into a semicircle with diameter 8 m and the remaining into a rectangle . The area of rectangle :

4 metres × 16 metres

= 64 sq. meter

Area of semicircle :

(pi×r^2)/2

= {(22/7)× (8/2)^2}/2

= (22×4×4)/(7×2)

= 176/7

= 25.14 sq. meter

Now , area of whole figure= (64+25.14)sq. meter

= 89.14 sq. meter

El largo de una sala es 2 metros más grande que su ancho. El área es de 80 m?. ¿Cuánto mide de largo? Cuánto mide de ancho?​

Answers

Answer: Translation:  

The length of a room is 2 meters greater than its width. The area is 80 m ?. How long is it? How wide is it?

Step-by-step explanation:

Need serious help with this!!!!!!!!!!!!!!!!!!!

Answers

192 miles is how far it travels

Answer:

240 miles

Step-by-step explanation:

64x3 =192

3/4 of 64 is 48

192 + 48 = 240

!!!HELP ASAP!!
Sam is installing a walkway around a rectangular flower patch in his garden. The flower patch is 12 feet long and 6 feet wide. The width of the
walkway is x feet.
by the flower patch and walkway by multiplying the functions modeling the new
Sam created function A to represent the total area taken
total length and width.
As) = 4:2 + 36.1 + 72
What does 412 + 365 represent in this function?
ОА
the area of the walkway along the length of the flower patch
the total area of the walkway
OB.
Oc. the total area of the flower patch
OD.
the area of the walkway along the width of the flower patch
Reset
Next
s reserved.

Answers

Answer:

A

Step-by-step explanation:

The thing that is represented is the area of the walkway along the length of the flower patch. Therefore, option A is the correct answer.

Given that, Sam created function A to represent the total area taken total length and width A= 4:2 + 36.1 + 72

How to illustrate the function?

From the information given, Sam created function A to represent the total area taken up by the flower patch and walkway by multiplying the functions modelling the new total length and width.

Therefore, option A is the correct answer.

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Please help!!!
Its an emergency

Answers

Answer: A

Step-by-step explanation:

The line 'd' separates the square into two triangles. Since the side lengths are equal, the angle is 45°. We need the line separating the two 90° angles, that I am going to define as 'z'. We can use the sine function.

[tex]\sin(45)=\frac{z}{5\sqrt{2} }[/tex]

z = 5

To solve for x, we can use sine again but for the 30 degree angle.

[tex]\sin(30)=\frac{5}{x} \\x=10[/tex]

Answer:

x=10

Step-by-step explanation:

The middle triangle has d as the hypotenuse and is an isosceles right triangle. The sides of such a triangle are in the ratio of y, y, and [tex]\sqrt{2}y[/tex].

For this triangle

[tex]\sqrt{2}y=5\sqrt{2}[/tex]

so y=5.

Tthe triangle on the right is a 30, 60, 90 triangle with sides in the ratio of

y, [tex]\sqrt{3}y[/tex], and 2y.  So

2y=x=10    

Expand 40 76/100 into decimal form then write the whole number with decimal.

Answers

This should be 40.76

Alternate form:
1019/25

Answer:

40.76

Step-by-step explanation:

gimme ye points

An item with an original price of p dollars is on sale at a 35% discount. Write an
expression that is equivalent to the price of the item with the discount.

Answers

Answer:

Step-by-step explanation:

Your answer

X =0.35 p

Mark it as Brainlist. Follow me for more answer.

What is the length of BC

Answers

Answer:
Re-submit ur question sweet heart

Please help!!!
I am failing math!!
Algebra 1

Answers

Answer:

Wouldnt the answer be "D"

Since it's negative number and multiplied

But still not sure.

y = -3/4x - 2
y = 3/4x + 1
one solution
two solutions
no solution
O infinitely many solutions

Answers

Answer:

One Solution

Step-by-step explanation:

Trust me

Enter the value of 12x-2 when x = 3.

Answers

Answer:

34

Step-by-step explanation:

12(3)-2

36-2

34

Answer:

im sorry if this is wrong but i think its 2

Philippe will read One-half of the number of pages that Rafael reads. How many pages will Rafael read?

Answers

Answer:

He will read 1/2 more than Philippe

Step-by-step explanation:This will be because is Rafael reads 1/2 and Philippe reads 1/2 of that it would still be 1/2

Answer the photo below thanks

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Answer:

you have it marked correctly-A.1,2

Step-by-step explanation:

they are the same only flipped around

Answer:

A . 1 and 2

Step-by-step explanation:

count the squares

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