-pari-
Active Member
[*]A compound interest housing loan for $200 000 is taken over a period of 15 years at 9% p.a.
a. for which value of x does it occur?
- Find the size of the monthly repayments I can do this – no trouble
- How much interest is paid over the duration of this loan –this is ok too
- What is the loan outstanding after one year? Answer: $193389.54
- How much of the loan has been repaid after 1 year? Answer: $6610.63
- What percentage of the first year’s repayments went towards interest ? answer: 72.8%
a. for which value of x does it occur?
- Find the locus of a point P(x,y) which lies above the x-axis so that the sum of its distances to the origin and the x-axis is 2.
- For which values of k will the equation: 2x^2 + kx – 43 = 0 have real and distinct roots? Answer: all values of x – I know that real and distinct mean that the discriminant > 0, but I’m a bit confused…
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