John anderson bought a home with a 10.5% adjustable rate mortgage for 30 years. he paid $9.99 monthly per thousand on his original loan. at the end of 5 years he owes the bank $65,000. now that interest rates have gone up to 12.5%, the bank will renew the mortgage at this rate or john can pay $65,000. john decides to renew and will now pay $10.68 monthly per thousand on his loan. you can ignore the small amount of principal that has been paid.

The answer is 6.91%

Step-by-step explanation:

John paid $9.99 monthly per thousand on his original loan, so number of thousands  are=

Monthly payment at 9.99% interest was:

Now, new monthly payment  at 10.68% is :

The percent increase  or rate is =

= (1.06906-1)*100

= 6.906 ≈ 6.91%

So, the answer is 6.91%

its 4 because 2 times 2 is 4, if you double the number two you get four

look at the picture.

y-intercept for the function on a picture is 4 → point (0, 4).

y-intercept for the function

is for x = 0. substitute:

y-intercept is 8 → point (0, 8).