The reduction in the principal balance through amortization has a significant impact on the loan's overall cost. As the principal decreases, the amount of interest charged on the outstanding balance also decreases.
the correct answer is B. Amortization.
A decrease in the amount of principal owed on a loan is called amortization.
Amortization refers to the gradual reduction of the principal balance of a loan over time through regular payments. When you make payments on a loan, a portion of the payment goes towards paying off the principal amount borrowed, while another portion goes towards paying the interest charged on the loan.
The process of amortization involves dividing the total loan amount into equal installments or payments over a specified period. With each payment made, a portion goes towards reducing the principal balance. As a result, the outstanding principal decreases over time, leading to the eventual repayment of the entire loan.
Amortization is a common feature in installment loans, such as mortgages, car loans, and personal loans. It allows borrowers to repay the loan gradually rather than in a lump sum, making it more manageable and affordable.
The reduction in the principal balance through amortization has a significant impact on the loan's overall cost. As the principal decreases, the amount of interest charged on the outstanding balance also decreases. This means that over time, a larger portion of each payment goes towards paying off the principal, helping the borrower build equity and ultimately fully repay the loan.
Therefore, the correct answer is B. Amortization.
for more such question on interest visit
https://brainly.com/question/25720319
#SPJ8
Seven values on the number line above are marked with letters. Which letters represent integers?
Which expression shows how 8⋅54 can be rewritten using the distributive property?
4⋅50+4⋅4
50⋅8+50⋅4
8⋅50+8⋅4
8⋅50+8⋅54
Answer:
8 • 54=8 • 50 + 8 • 4
Option C is the right answer
Step-by-step explanation:
Answer:
C I think, sorry if I'm wrong
Write an equation but do not solve to show how many letters, L, it would take for these two trophies to cost the same amount.
Answer:
12 + 0.40L = 14.75 + 0.25L
Do not round the answer
Answer:
75.36
Step-by-step explanation:
Using the formula C = 2πr, we can calculate circumference.
Since we are using 3.14 for π, we plug that and the radius in.
C = 2(3.14)(12).
When you multiply all that you get 75.36
A town’s population increases at a constant rate. In 2010 the population was 56,000. By 2012 the population had increased to 81,000. If this trend continues, predict the population in 2016.
The approximate population in 2016 is 91, 604 population
Let the time taken by the population to increase be "t"Let the number of the population be PThe exponential equation representing the statement is [tex]P=P_0e^t[/tex]
If in 2010 the population was 56,000, then at t = 0, P0 = 56000Substituting into the formula will give:
P = 56000If by 2012 the population had increased to 81,000, then:
81000 = 56000e^12k
81000/56000 = e^12k
1.4464 = e^12k
ln1.4464 = 12k
0.3691 = 12k
k = 0.3690/12
k = 0.03076
Get the prediction of the population in 2016.
[tex]P = 56000e^{16(0.03076)}\\P=56000e^{0.49213}\\P = 56000(1.6357)\\P = 91,603.70[/tex]
Hence the approximate population in 2016 is 91, 604 population
Learn more on exponential function here:https://brainly.com/question/2456547
Hey mathematicians ! Can anyone help me with these problems please ! Will give brainly !
Answer:
77) YES , 78) YES , 79) NO , 80) YES
Step-by-step explanation:
77) 12/4=3 and 18/6=3 so YES
78) 30/6=5 and 40/8=5 so YES
79) 36/25=1.44 and 48/40=1.2 so NO
80) 15/5=3 and 13.8/4.6=3 so YES
Does the expressions
[tex] \sqrt{100 - 64} [/tex]
and
[tex] \sqrt{100 - \sqrt{64} } [/tex]
have the same value?
Answer:
No. they have a difference in value
the first ans is 6 while the second gives 9.56
Find the area of this parallelogram
Answer:
260
Step-by-step explanation:
A=bh
A=13 x 20
A=260
How is 8/15 written as a mixed number?
Answer:
8/15 is already a proper fraction, therefore it cannot be converted to a mixed number. Hope this helps!
Step-by-step explanation:
What is the value of x
Answer:
5"
root4square+3square=root25
=5
Principal = $ 15000, rate = 10% p.a. and time
21/5 years
PLS HELP ASAP
Answer:
Simple Interest: A=P(1+rt)
A=15000(1+(0.1*4.2))
A=$21,300
Compound Interest:A=P(1+r/n)^nt
A=15000(1+0.1/4.2)^1*4.2
A=$64,500
Step-by-step explanation:
How do I subtract fractions? Please explain step by step to get marked!
Answer:
Explained below :)
(I tried my best, sorry if it doesn't make sense.)
Step-by-step explanation:
Example: 1/4 - 1/8= ?
1: Find the common denominator (bottom number)
2: If the common denominator is 8 then you multiply 1/4 by 2/2 to get the denominator of 8. If you needed then you can multiply the other fraction to get the same denominator.
3: Once you get multiply that then you get 2/8 -1/8.
4: Subtract the numerator (top number) 1
5: Keep the numerator (8)
6: Your answer would be 1/8
if 10 people share 5 cookies , how much cookie does each person get
Answer:
1/2
Step-by-step explanation:
5 / 10 = 1/2
Malika knows that 230 - 39 = 191.
How can she use that to help her solve 233 - 42 = ?
Use the space and/or the lines below to answer.
Answer:
she has to minus just as she did before.
Step-by-step explanation:
230-39=191
233-42=191
the reason as to why they have the same answer is because it was first 230 but it later it was 233.so just minus as before.hope it will help goodbye
Answer:
See below
Step-by-step explanation:
She knows the answer is the same because both numbers are 3 higher than the other. She doesn't need to do anything.
How much pizza will each person get if 4 people share
of a pizza equally?
A)1/3
B)1/4
C)1/6
D)3/16
Answer: B)1/4
Step-by-step explanation: If you divide a pizza into 4 pieces, each person will get a fourth of the pizza.
the lcm of 5 and 8 is??
what is 130mins into hours and minutes?
Answer:
Step-by-step explanation:
1 Hour = 60 minutes
60 + 60 = 120 minutes
120 minutes = 2 hours
Add 10 minutes
2 hours 10 minutes = 130 minutes
Carter goes out to lunch. The bill, before tax and tip, was $19.55. A sales tax of 3% was added on. Carter tipped 15% on the amount after the sales tax was added. How much tip did he leave? Round to the nearest cent.
Answer:
$3.02
Step-by-step explanation:
Convert the Percentage to decimals:
3% / 100% = 0.03
15% / 100% = 0.15
3% / 0.03 part:
19.55 * 0.03 = 0.5865
19.55 + 0.5865 = 20.1365
OR, since it was "adde on" you can just use 1.03:
19.55 * 1.03 = 20.1365
15% / 0.15 part:
20.1365 * 0.15 = 3.020475
Round to nearest cent: $3.02
---
Hey, hope this helped! If you want to say thank you, click the "Thanks" button, Rate 5 ★★★★★, and select the answer "The Brainliest!" - I appreciate it!
Write the equation in standard form.
y - 10=-2(x-8)
Answer:
2x + y = 26
Step-by-step explanation:
The standard form of a linear equation is A x + By = C.
Simplify -2(x - 8)
Multiply -2 by -8
y - 10 = -2x + 16
2x + y - 10 = 16
Add 10 to both sides.
Add 16 and 10
Answer= 2x + y = 26
Which theme is found in this story The Lucky Ticket
Answer:
In "The Lottery Ticket", Chekhov develops the theme that the love of money can destroy one's satisfaction.
HELLLLPPPP QUICKKLLLYYYY PLLZZZ VIEW THE QUESTION IN THE PHOTO ATTACHED!!!!
Answer:
[tex]\sqrt{18a}[/tex]
Step-by-step explanation:
To insert the factor, you must first find its squared value, in this case, 3's squared number is 9 so.....[tex]3=\sqrt{9}[/tex]
Now with square roots, they multiply like any other number
so you end up with[tex]\sqrt{9}*\sqrt{2a} \\\sqrt{9*2a}\\\\\sqrt{18a} <------ ANSWER[/tex]
Please leave a thanks!!!
Draw the plot
Can someone plz help me with this
well, let's take a peek, hmmm the length is hmmm, how much is five times "x"? well 5 * x or just 5x, how about four more than that? well, just 5x + 4.
we know the width is hmmm how much is three times "x"? 3*x or just 3x, how about 2 less than that? 3x - 2.
Check the picture below.
Answer:
↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑^
How to find the inverse of 3log3(x+3)+1. Its with a base of 3
Let [tex]f^{-1}(x)[/tex] be the inverse of
[tex]f(x) = 3 \log_3 (x + 3) + 1[/tex]
Then by definition of inverse function,
[tex]f\left( f^{-1}(x) \right) = 3 \log_3 \left(f^{-1}(x) + 3\right) + 1 = x[/tex]
Solve for the inverse :
[tex]3 \log_3 \left(f^{-1}(x) + 3\right) + 1 = x[/tex]
[tex]3 \log_3 \left(f^{-1}(x) + 3\right) = x - 1[/tex]
[tex]\log_3 \left(f^{-1}(x) + 3\right) = \dfrac{x - 1}3[/tex]
[tex]3^{\log_3 \left(f^{-1}(x) + 3\right)} = 3^{\frac{x-1}3}[/tex]
[tex]f^{-1}(x) + 3 = 3^{\frac{x-1}3}[/tex]
[tex]f^{-1}(x) = 3^{\frac{x-1}3} - 3[/tex]
I need help with this and i dont know how to do it
Answer:
see attached
Step-by-step explanation:
In general, you plot the solution to an inequality by placing a dot at the bound, then extending a line in the direction indicated by the inequality.
If the inequality symbol is < or >, the dot will be an open circle.
If the inequality symbol is ≤ or ≥, the dot will be a solid dot. That is the kind of dot needed here.
The boundary (dot) location for x ≥ -8 is at -8 on the number line. The inequality indicates that values of x greater than that are in the solution set, so the line will be shaded to the right of the dot.
The boundary (dot) location for x ≤ -2 is at -2 on the number line. The inequality indicates that values of x less than that are in the solution set, so the line will be shaded to the left of this dot.
Since the values of x must satisfy both inequalities (the conjunction is "and"), the solution set is where the lines overlap—between -8 and -2 on the number line.
_____
Additional comment
I find it useful to write inequalities with the "arrow" pointing to the left. Here, the inequalities would be written ...
-8 ≤ x and x ≤ -2
Note that x is in the middle when the far left number is less than the far right number. (-8 < -2). That means, the inequality can be written as the compound ...
-8 ≤ x ≤ -2
When the inequalities are written in this way, with arrow(s) pointing left, the location of the variable relative to the constant is the location of the shaded line relative to the dot representing the constant. Here, the appearance of ...
-8 ≤ x ≤ -2
effectively shows you that the number line is shaded between solid dots at -8 and -2.
if 7 men and 5 womean have applied for job and 3 applicants are randomly selected from the probability that 2 are men
The probability that 2 men are selected is 49/144
Probability is the likelihood or chance that an event will occur.
If 7 men and 5 women have applied for job, the total number of people that applied will be 12 people
Pr(2 men are selected) = 7/12 * 7/12Pr(2 men are selected) = 49/144Hence the probability that 2 men are selected is 49/144
Learn more on probabaility here:https://brainly.com/question/24756209
The ratio 5/8 to 10/9 has a unit rate of 9/16
True or false
Answer:
This is false.
Step-by-step explanation:
The easiest thing to do is notice that 8 goes into 16 whilst 9 doesn't so that shows 9/16 would not be the unit rate.
The ratio 5/8 to 10/9 has a unit rate of 9/16 is false.
What is a unitary method?A unitary method is a mathematical way of obtaining the value of a single unit and then deriving any no. of given units by multiplying it with the single unit.
Given are two ratios 5/8 and 10/9.
The unit rate of (5/8) is (5/8)/(8/8) = 5/8 = 0.625 similary the unit rate of the ratio 10/9 is 1.11.
Now, the unit rate of 9/16 is 0.5625 which is not in the range of two ratio's unit rates.
learn more about the unitary method here :
https://brainly.com/question/28276953
#SPJ5
What dose f(-2)=3 mean?
function!
Step-by-step explanation:
this was a function that the answer (y) is equal to 3
and the X is equal to (-2)
Answer:
This is about a function evaluated at a particular point. You don't get a formula for the function, but there is enough information to say that the ordered pair (-2, 3) is part of the function.
The function's name is f.
The -2 in parentheses is a value for the independent variable ("input"), often designated by the variable x.
The 3 is the corresponding value of the dependent variable ("output"), often designated by the variable y.
The expression can be read as:
"f of negative two is equal to 3"
"the value of f at -2 is 3"
Morgan had 1/2 a box of candy left after the movie she ate 1/2 of that. On the way home and still had 8 pieces left. She give one to her Little brother. How many pieces of candy were in the box when Morgan bought it?
Answer:
16
Have a good day <3
Fill in the blanks so that the equation has infinitely many solutions.
5y + 6 + 7y = blank (6y + blank)
Answer:
5y +6 +7y = 2 (6y + 3 )
Step-by-step explanation:
We can name the blanks 'a' and 'b'. Then we have ...
5y +6 +7y = a(6y +b)
This will have infinitely many solutions when both sides simplify to the same expression.
12y +6 = 6ay +ab
To have these expressions be the same, we must have ...
12 = 6a . . . . same coefficient of y
6 = ab . . . . same constant
The first of these equations tells us ...
a = 12/6 = 2
Then the second equation tells us ...
b = 6/a = 6/2 = 3
The equation with the blanks filled in is ...
5y +6 +7y = 2 (6y + 3 )
Two cities, A and B, are mapped on the coordinate plane. How far apart are they from each other?
I can’t help because I can’t see the coordinate plane.