A loan for $30,000 is taken out at an annual interest of %4 (actual rate= 33% pe

Question

A loan for $30,000 is taken out at an annual interest of %4 (actual rate= 33% per month). When the first monthly payment is made, what amount will be taken as interest? Interest amount of first payment=___How will the payment interest paid in the 12^th month compare to the interest paid in the first month? First month interest is higher Interest payments do not change First month interest is lower A cable has an initial length of 11 meters and a cross sectional area of 0.0020 m2. When subject to load of 1100 KN the length is measured as 11.12 meters,(remember to show your work) What is the value of strain?___For the situation in part h, what is the value of stress (kPa)?

Explanation / Answer

E) Interest = (principal * rate * time)
Interest = 30000 * 0.0033 * 1= 99 dollars
First month interest is lower.

F): Change in length x = 0.12 m,
          Original length L = 11 m
Strain is given by = x/L
                                         = 0.12/ 11
                                         = 0.0109

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