Julio just bought a $267,900 house. He had a 20 year mortgage with a fixed rate of 5. 875%. Julio’s monthly payments are $1,558. 9. What percent of the purchase price was Julio’s down payment? a. 13% b. 15% c. 18% d. 20%.

Answers

Answer 1

Julio's down payment was 22.08% of the purchase price.

Given that Julio just bought a $ 267,900 house, and he had a 20 year mortgage with a fixed rate of 5.875%, and Julio's monthly payments are $ 1,558, to determine what percent of the purchase price was Julio's down payment the following calculation must be performed:

(267,900 x 1.05875) - (1558 x 12 x 20) = X

582,682.50 - 373,920 = X

208,762.50 = X  

267,900 = 100

208,762.50 = X

208,762.50 x 100 / 267,900

77.92 = X

100 - 77.92 = 22.08

Therefore, Julio's down payment was 22.08% of the purchase price.

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Related Questions

which problem can be solved with the equation 1.75 +(-1.75)=0

Answers

x+y=0

Step-by-step explanation:

x= 1.75

y= -1.75

help me please
If an item is 40% off with an additional 20% off on top of the sale price, what is the percent savings?

Answers

Answer: 60%

Step-by-step explanation: if the question is saying the item was already 40% an ADDITIONAL (adding) 20% will make the item 60% off meaning your percentage of savings is 60%

I have two bags of marbles, each of which contains some red marbles and some blue marbles (and no marbles of any other color). The ratio of red marbles to blue marbles in the first bag is $3:5.$ The ratio of red marbles to blue marbles in the second bag is $3:2.$ When the two bags of marbles are mixed together, the ratio of red marbles to blue marbles is $11:9.$ What is the ratio of the number of marbles in the first bag to the number of marbles in the second bag?

Answers

Answer is  2:7

========================================================

Explanation:

Let x and y be two positive whole numbers. They may or may not be equal.

The first bag has the ratio of red to blue as 3:5, which scales up to 3x:5x after multiplying both parts by x. We have 3x red and 5x blue.

The second bag has the ratio 3:2 which scales up to 3y:2y. This bag has 3y red and 2y blue.

We can make a handy table to keep track of all the expressions

[tex]\begin{array}{|c|c|c|}\cline{1-3}\text{ } & \text{Red} & \text{Blue}\\ \cline{1-3}\text{bag 1} & 3x & 5x\\ \cline{1-3}\text{bag 2} & 3y & 2y\\ \cline{1-3}\end{array}[/tex]

Based on that, we can then say:

The two red quantities add to R = 3x+3yThe two blue quantities add to B = 5x+2y

Effectively, I added down along each column of that table.

Divide the two expressions for R and B to lead to the fraction 11/9, which is directly from the ratio 11:9

So,

(total red)/(total blue) = 11/9

R/B = 11/9

(3x+3y)/(5x+2y) = 11/9

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

Let's cross multiply and then solve for y

(3x+3y)/(5x+2y) = 11/9

9(3x+3y) = 11(5x+2y)

27x+27y = 55x+22y

27y-22y = 55x-27x

5y = 28x

y = 28x/5

y = (28/5)x

y = 5.6x

We'll keep this in mind for later.

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

Now let:

F = amount of marbles in the first bagS = amount of marbles in the second bag

Recall that we had 3x red and 5x blue for the first bag. That means we have 3x+5x = 8x marbles in the first bag. Therefore, F = 8x.

Also, we had 3y red and 2y blue for the second bag.

So we have S = 3y+2y = 5y

Then we can apply further substitution to say

S = 5y

S = 5(5.6x) .... plug in y = 5.6x

S = 28x

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

In short,

F = 8xS = 28x

for some positive whole number x. We don't have enough info to pin down what x is exactly; however, it doesn't really matter. This is because the x variable will cancel when dividing F over S

F/S = (8x)/(28x) = 8/28 = 2/7

The fraction 2/7 leads directly to the final answer of the ratio 2:7

In other words, the ratio 8x:28x simplifies fully to 2:7 after dividing both parts by 4x.

The ratio between the total marbles of the first bag and the second bag is 2:7.

What is an equation?

An equation is a mathematical statement that is made up of two expressions connected by an equal sign.

Example:

2x + 4 = 9 is an equation.

We have,

x marbles in the first bag.

red marbles = 3x

blue marbles = 5x

y marbles in the second bag.

red marbles = 3y

blue marbles = 2y

Now,

Total red marbles in both bags.

3x + 3y = 11 _____(1)

3x = 11 - 3y

x = (11 - 3y) / 3

Total blue marbles in both bags.

5x + 2y = 9 ______(2)

From (1) and (2) we get,

Multiply 2 in (1).

6x + 6y = 22

6y = 22 - 6x _____(3)

Multiply 3 in (2)

15x + 6y = 27 ______(4)

Putting (3) in (4)

15x + 22 - 6x = 27

9x = 27 - 22

9x = 5

x = 5/9

Now,

x = 5/9 in (3)

6y = 22 - 6(5/9)

6y = 22 - 10/3

6y = (66 - 10)/3

y = 56/18

y = 28/9

Now,

First bag.

Red marbles = 3x = 3 x 5/9 = 5/3

Blue marbles = 5x = 5 x 5/9 = 25/9

Total marbles = 5/3 + 25/9 = (15 + 25)/9 = 40/9

Second bag.

Red marbles = 3y = 3 x 28/9 = 28/3

Blue marbles = 2y = 2 x 28/9 = 56/9

Total marbles = 28/3 + 56/9 = (84 + 56)/9 = 140/9

Now,

The ratio between the total marbles of the first bag and the second bag.

= 40 :140

= 4:14

= 2:7

Thus,

The ratio is 2:7.

Learn more about equations here:

https://brainly.com/question/17194269

#SPJ2

Does the data for Amit’s puppy show a function? Why or why not?

Answers

Answer:

no its not a function

Step-by-step explanation:

because the lines on the graph are not equal\in a straight line(the puppy is not gaining the same amount each week)

What is the equation of the line that passes through the point (-6,1) and has a
slope of 1?

Answers

Answer:

y = x + 7

Step-by-step explanation:

If the slope is 1, the original equation is y = mx + b, with m being 1.

Now substitute -6 and 1 for x and y and solve for b

1 = 1(-6) + b

1 = -6 + b

7 = b

Put it all together:

y = x + 7

Please solve the equation below.

2x+4=3(x-4)

Answers

Answer:

x=16

Step-by-step explanation:

[tex]\sf 2x+4=3(x-4)[/tex]

[tex]\sf 2x+4=3x-12[/tex]

[tex]\sf 2x+4-4=3x-12-4[/tex]

[tex]\sf 2x=3x-16[/tex]

[tex]\sf 2x-3x=3x-16-3x[/tex]

[tex]\sf -x=-16[/tex]

[tex]\sf \cfrac{-x}{-1}=\cfrac{-16}{-1}[/tex]

[tex]\sf x=16[/tex]

Question:-

solve the equation below :-

2x+4=3(x-4)

Answer:-

x = 16

Explanation:-

=> 2x+4 = 3(x-4)

=> 2x+4 = 3x-12

=> 2x+4 - 4 = 3x-12 - 4 (Subtract 4 on both the sides)

=> 2x = 3x-16

=> 2x-3x = -16

=> -x = -16

=> -x/-1 = -16/-1

=> x = 16

im in school rn and i dont understand this!

Answers

Answer:

[tex]33\%, ~\dfrac 3{10},~0.32,~ \dfrac 13[/tex]

Step-by-step explanation:

[tex]33\% <\dfrac 3{10}<0.32<\dfrac 13[/tex]

a recipe requires the following ingredients to make 16 gingerbread men
140g of flour
250g of sugar
80g of ginger
110g of butter
how much of each ingredient would you need to make 40 gingerbread men?

How do I work this out?

Answers

Answer:

5,600 g of flour

10,000g of sugar

3,200g of ginger

4,400g of butter

Just have to multiply each ingredient by 40

Are the equations m+3=-5 and m-4=-12$ equivalent?

Answers

Answer:

Yes They Are Equivalent

Step-by-step explanation:

I checked by multiplying them.

Answer: yes, because they both equal x= -8

Step-by-step explanation:

m= -5 -3

calculate

= -8

m= -12+4

calculate

m= - 8

solve the following equation ​

Answers

Answer:

X= -1/3 or 4

Step-by-step explanation:

Answer:

x =-1/3 and x=4

Step-by-step explanation:

solve by factoring:

separate into two equations:

3x+1=0

8-2x=0

(when the products of factors equals zero, at least one factor is zero)

3x=-1

x=-1/3

-2x=-8

x=4

I HAVE 2 LEFT PLEASE HELP WILL GIVE BRAINLIEST
Dracos invested $125,000 in 2008. Each year its value increased by 5%. Which of the following equations can be used to represent the investment value after x years.

Group of answer choices

f(x)=125,000(1.05)x
f(x)=15(125,000)x
f(x)=125,000(0.85)x
f(x)=85(125,000)x

Answers

Answer:

f(x)=125k(1.05)x

Step-by-step explanation:

ommg

ok so every year it increase by 5%, aka 105%

which is 125k*105/100x which is the first one f(x)=125k(1.05)x

if u are not sure than use cross of elinimation

cant be 2nd one cause its not correct

third one ur decreasing

fourth one is just like the 2nd one

A system of two equations is shown below:

Equation C: a = 2b + 7
Equation D: a = 5b − 3

What value of a can be substituted into equation D to solve the system of equations?

2b
5b
5b − 3
2b + 7

Answers

Answer:

25452664637378381234

Answer:

2b+7

Step-by-step explanation:

sorry for the dimwit who typed random numbers

?????????????????????​

Answers

Step-by-step explanation:

Distributive property

Caleb decreases a number by 6 and then multiplies it by 2. He gets the same answer as
when he subtracts 8 from the original number. What is the number?
please answer!!

Answers

Answer: 4

Step-by-step explanation: If Caleb starts with 4 and subtracts 6, he'll get -2. -2 times 2, equals -4. If he starts with 4 and subtracts 8, he'll again end up with -4, meaning the original number is 4!

4-6= (-2)

-2*2= (-4)

4-8= (-4)

helpppppppppppppppppppppp plzzzzzzzzzzzzzz

Answers

Answer: x= -2, y= 3

Step-by-step explanation:

3x+5y=9

X-y=-5

Multiply bottom equation by 5

3x+5y=9

5x-5y=-25

3x + 5x=8x

5y-5y cancels out

9-25= -16

8x= -16

X= -2

Plug -2 back into equation of choice to find y

3(-2)+5y=9

-6+5y=9

Add -6 to both sides

-6+6 cancels

9+6=15

5y=15

Y=3

plz answer!!!!!!!!!!!!!!​

Answers

Answer:

7

Step-by-step explanation:

i know

X-Y=9 and 2X+5Y=4 solve by substitution

Answers

Answer:

(7,-2)

Step-by-step explanation:

Answer:

(7, - 2 )

Step-by-step explanation:

x - y = 9 ( add y to both sides )

x = y + 9 → (1)

2x + 5y = 4 → (2)

Substitute x = y + 9 into (2)

2(y + 9) + 5y = 4 ← distribute parenthesis and simplify left side

2y + 18 + 5y = 4

7y + 18 = 4 ( subtract 18 from both sides )

7y = - 14 ( divide both sides by 7 )

y = - 2

Substitute y = - 2 into (1)

x = - 2 + 9 = 7

solution is (7, - 2 )

2/3x=21 for x
the 2/3 is supposed to be a fraction
I'm bad with fractions and I need help x)

Answers

Answer:

x = 14

Step-by-step explanation:

21 ÷[tex]\frac{2}{3}[/tex] = 14

Answer:

x = 31 1/2

Step-by-step explanation:

- Isolate x by multiplying 2/3 on each side, cancelling out the one of its original placement

- You can't divide by a fraction, so KCF (Keep Change Flip):

      x = 21 * 3/2

      = 63/2 or 31 1/2

what is 5,272 divided by 8 give the answer step by step

Answers

Answer:  659

Step by step solution:

Answer:

659

Step-by-step explanation:

0659

8 5272

0

52

48

 47

 40

   72

   72

     0

Dividend:

5272

Divisor:

8

Quotient:

659

Remainder:

0

You may have to write this on paper because it might be hard for you to understand. I'm sorry if this isn't helping and it is very confusing, this is the only way that I could explain it. Thank you for the question and I hope you enjoy your answer :)

What is the contrapositive of the statement below?
If you are in Reykjavik, then you are in Iceland.

Answers

Answer:

If you are not in Iceland, then you are not in Reykjavik.

Step-by-step explanation:

Answer:

D

Step-by-step explanation:

The contrapositive of a statement is as follows:

"Switching the hypothesis and conclusion of a conditional statement and negating both. For example, the contrapositive of "If it is raining then the grass is wet" is "If the grass is not wet then it is not raining."

So, for this one, we need to switch as well!

If you are in Reykjavik, then you are in Iceland.

If you are NOT in Iceland, then you are not in Reykjavik.

The answer would be D

Alyssa has fifty-quarters and dimes
She has a total of $9.80
How many dimes does she have?
a.)32
b.)30
c.)20
d.)18

Answers

a. 32

hope this helps

can anyone answer this question please
6[y-2]/7-12=2[y-7]/3

Answers

Answer:

y =47.5.

Step-by-step explanation:

First eliminate the fractions by multiplying through by the LCM of 7 and 3 which is 21:

21* 6[y-2]/7-21*12 = 21*2[y-7]/3

18(y - 2) - 252 = 14(y - 7)

18y -36 - 252 = 14y - 98

18y - 14y = -98 + 36 + 252

4y = 190

y = 190/4

y = 47.5.

309 g to 299 g increase or decrease

Answers

Im pretty sure It would be a decrease

If School starts at 7:15 and I take 6 periods of class but I stay in 1-4 period each for 47 minutes and stay in 5th and 6th period for 97 minutes. What time will it be after 4 periods? Hint: This is clock wise!!!

Answers

Answer:

10:24

Step-by-step explanation:

if school starts at 7:15 and you stay in the first 4 periods for 47 minutes each, that totals 3 hours, 8 minutes

7:16 + 3 hrs, 8 min = 10:24

what is the slope of the line

Answers

Answer:

Bala Bala Bala Bala Bala

Step-by-step explanation:

what is the slope of the Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah answer is answer the question Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah Blah

Rewrite this equation below into Slope-intercept form
y-10=2/3(x-3)

Answers

Answer:

y= 2/3x+8

Step-by-step explanation:

you add 10 to both sides then combine -2 with 10 to get 8

then 1x times 2/3 is 2/3x and -3 times 2/3 is -2

Supply the missing reasons to complete the proof.

Answers

Answer:

????????????????????????

find the distance between find the distance between following points: a) M(5,4) and N(2, 3)​

Answers

Answer:

sqrt(10)

Step-by-step explanation:

[tex] \sqrt[2]{ x_{2} - x_{1}) + ( y_{2} - y_{1})} [/tex]


[tex]\Large\bold\red{Question}[/tex]
Refer to the attachment.
Thank you!
Note:Don't Spam
Don't copy
If you don't know the answer don't answer.
Thank You!​

Answers

[tex]\huge \rm༆ Answer ༄[/tex]

The equivalent expression is ~

[tex] \boxed {\boxed{ \sf2}}[/tex]

Refer to attachment for solution ~

For x such that 0 < x < [tex]\frac{\pi}{2}[/tex], the mathematical expression is:

[tex]\frac{\sqrt{1 \;-cos^2x} }{sinx} + \frac{\sqrt{1 \;-sin^2x} }{cosx} = 1+1=2[/tex]

Given the following data:

[tex]\frac{\sqrt{1 \;-cos^2x} }{sinx}[/tex]

[tex]\frac{\sqrt{1 \;-sin^2x} }{cosx}[/tex]

In Trigonometry, you should take note of the following mathematical expression:

[tex]sin^2x + cos^2x = 1[/tex]

Therefore, we can obtain the following:

[tex]sin^2x = 1 - cos^2x[/tex]   ...equation 1.

[tex]cos^2x = 1 - sin^2x[/tex]    ...equation 2.

Substituting the equations respectively, we have:

[tex]\frac{\sqrt{1 \;-cos^2x} }{sinx} + \frac{\sqrt{1 \;-sin^2x} }{cosx} = \frac{\sqrt{sin^2x} }{sinx} + \frac{\sqrt{cos^2x} }{cosx}\\\\[/tex]

Taking the square roots, we have:

[tex]\frac{sinx}{sinx} + \frac{cosx}{cosx} = 1 +1\\\\1+1=2[/tex]

Therefore, for x such that 0 < x < [tex]\frac{\pi}{2}[/tex], the expression is:

[tex]\frac{\sqrt{1 \;-cos^2x} }{sinx} + \frac{\sqrt{1 \;-sin^2x} }{cosx} = 1+1=2[/tex]

Read more on trigonometry here: https://brainly.com/question/4515552

Last month, there were `4` sunny days for every rainy day. If there were `30` days

Answers

Answer:

6 rainy days

Step-by-step explanation:

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