2. Rita Rodriguez obtained a 24-month, $8,500 loan at 8 percent from Tri-County
Savings & Loan. Her monthly payment is $384.20. For the first payment:
a. What is the interest?
b. What is the payment to principal?
c. What is the new balance?

a. What is the interest?  $ 56.67

b. What is the payment to principal?  $ 327.53

c. What is the new balance? $ 8,172.47

Step-by-step explanation:

1. Let's review the information given to us to answer the question correctly:

Time of the loan = 24 months

Amount of the loan = $ 8,500

Interest rate = 8% = 0.08 annually

Monthly payment = $ 384.20

2. For the first payment:

a. What is the interest?

Interest amount = Amount of the loan * Interest rate/Number of payments per year

Replacing with the values we know:

Interest amount =8,500 *0.08/12

Interest amount = 8,500 * 0.0066

Interest amount = $ 56.67

b. What is the payment to principal?

Payment to principal = Monthly payment - Interest amount

Replacing with the values we know:

Payment to principal = 384.20 - 56.67

Payment to principal = $ 327.53

c. What is the new balance?

New balance = Beginning balance - Payment to principal

Replacing with the values we know:

New balance = 8,500 - 327.53

New balance = $ 8,172.47

step-by-step explanation:

always plug in x. in this case, x equals 4.

i'm going to first solve 4(2+3x)

1) 4(2+3(4)) use pemdas to solve.

i'm going to multiply whats in the parenthesis first, so 3 times 4=12.

2)4 (2+12) i'm then going to multiply 4 by both numbers in the parenthesis (because multiplying comes before adding)

4 times 2= 8.   4 times 12= 48

4) (8+48)= 56 (answer)

i'm then going to solve 8+12x and plug in 4 for x.

1) 8 +12(4)

multiplying comes before adding, so i'm gonna multiply 12 and 4.

12 times 4= 48.

2) 8+48=56

both equal the same!

3 1/3 x 2 3/5 = 8 2/3

step-by-step explanation:

just multiply the first number by the second number to get your answer.