Jason aldeen bought a house for $275,000. he made a down payment of 15%. the interest rate is 4.2% for 15 years.

how much was jason's down payment?

how much does jason need to borrow?

what is his monthly payment?

Step-by-step explanation:

Jason's down payment= $41250

Amount he needs to borrow is

275000-41250 = $233750

Jason's monthly payment would be

248476.25/180 = $1380.42

The original cost of the house that Jason Aldeen bought is $275,000. He made a down payment of 15%. This means he paid 15% of the original cost of the house. Therefore,

Jason's down payment is 15% of $275000

= 15/100 × 275000 =0.15×275000

=$41250

Since Jason's down payment is smaller than the original cost of the house, he would need to borrow.

Amount he needs to borrow is

275000-41250 = $233750

If Jason borrows $233750 at a rate of 4.2% for 15 years

Total interest on $233750 for 15 years will be

= (233750×4.2×15) /100

= 14726250/100 = $14726.25

Total amount to be paid for 15 years will be amount borrowed + interest

=233750 + 14726.25 = $248476.25

Converting 15 years to months,

15 × 12 months = 180 months.

Jason's monthly payment would be

248476.25/180 = $1380.42

the correct option is 2.

step-by-step explanation:

according to the given information triangle abc is a right angle triangle with right angle at a. segment ab is 5 and segment ac is 7. point d is on segment bc and angles adb and adc are right angles.

it is given that triangles abd, cad, and cba are similar.

two triangles are similar if their corresponding sides are proportional.

in triangle cba, using pythagoras theorem

                      )

triangle abd and cba are similar,

                            (2)

triangle cad and cba are similar,

                      )

using (1), (2) and (3), we get

hence proved.

therefore option 2 is correct.

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