Achaab Nuremberg bought a home with a adjustable rate mortgage for 30 years. He paid monthly per thousand on his original loan. At the end of 5 years he owes the bank . Now that interest rates have gone up to , the bank will renew the mortgage at this rate or Achaab can pay . Achaab decides to renew and will now pay monthly per thousand on his loan. What is the amount of the old and the new monthly payment? What is the percent of increase in his new monthly payment? You can ignore the small amount of principal that has been paid. old monthly payment = $ new monthly payment = $ % increase

answer:

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

explanation:

service only with 20% tip  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

in the opening of the question the word 'service' is associated only with the pretax value.

the closing part of the question asks: how much did she pay for the  

service

−−−−−−  

so technically the answer is  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

however, the intention of the question provider may have been that your answer is to be  

$

87.12

(

1

+

8

100

)

=

$

94.09

to 2 decimal places.

'

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

tony b

mar 21, 2017

answer:

trying to explain it another way

explanation:

service charge  

.

→

$

72.60

20% tip  

20

100

×

$

72.60

=

$

14.52

−−−−−−  

←

add

$

87.12

tax  

8

100

×

$

87.12

=

$

6.97

−−−−−  

←

add

$

94.09

related questions

10/60

step-by-step explanation:

if you divide 10 by 60 the answer is 0.166666 while if you divide or solve the other problems it equals 0.6

hello, there is a new name in town and that's the human spider!

answer: d.) the total number of protons and neutrons is 15

merry christmas!

~

your friendly neighborhood human spider! .

the correct answer is c