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on a certain Home Mortgage, there is a monthly payment of $9.43 for every $1,000 that is borrowed. What is the monthly payment on this type of loan if $135,000 is borrowed? NO LINKS!!! ​

Respuesta :

Answer:  $1273.05

Work Shown:

x/(135,000) = (9.43)/(1000)

x = 135,000*(9.43/1000)

x = 1273.05

Solve using ratios as ratios remain same

Let the amount be n

[tex]\\ \rm\Rrightarrow \dfrac{9.43}{1000}=\dfrac{n}{135000}[/tex]

[tex]\\ \rm\Rrightarrow 0.00943=n/135000[/tex]

[tex]\\ \rm\Rrightarrow n=0.00943(135000)[/tex]

[tex]\\ \rm\Rrightarrow n=1273.05[/tex]