Rose and Andrew are financing $128,000 to purchase a condominium. They obtained a 15-year, fixed-rate loan with a rate of 5. 5%. They have been given the option of purchasing up to four points to lower their rate to 4. 81%. How much will the four points cost them?

Answers

Answer 1

The cost of the four points will be $8296.8496

What is simple interest?

A quick and simple way to figure out interest on money is to use the simple interest technique, which adds interest at the same rate for each time cycle and always to the initial principal amount. Any bank where we deposit our funds will pay us interest on our investment. One of the different types of interest charged by banks is simple interest. Now, before exploring the idea of basic curiosity in further detail,

$ 128,000 is the amount financed (P).

t = 15 years

The interest rate equals 5.05%.

Amount after 15 years equals,

A = [tex]P(1+\frac{r}{100}[/tex]

=128,000[tex](1+\frac{5.05}{100} )^{15}[/tex]

=268009

Rose and Andrew has taken four points to lower their rate to 4.81% .

A =128,000 [tex](1+\frac{4.81}{100} )^{15}[/tex]

A = 259,713

Cost of four points = 268,009.890 - 259,713.040  = $8296.8496

Hence, the cost of the four points will be $8296.8496

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Related Questions

Please Help! You Dont Have To do the Bottom Questions Just The Top!

Answers

Answer:
a. 0.5 + 0.3 = 0.8
b. 2.7 + 28.8 = 30.9
c. 3.1 + 2.4 + 9.9 = 15.4
d. 15.2 + 1.4 + 0.8 = 17.8
e. 39.2 + 2.5 + 0.8 = 42.3

Step-by-step explanation:
a. 0.54 rounded to the nearest 10th will be 0.5 because 4 doesn't round up numbers. 0.278 rounded to the nearest tenth will be 0.3 because any number equal to or greater than 5 rounds up the number in front of itself. When you add 0.5 and 0.3, you get 0.7.

b. 2.65 rounded to the nearest 10th will be 2.7 because any number equal to or greater than 5 rounds up the number in front of itself. 28.17 rounded to the nearest 10th will be 28.2 because any number equal to or greater than 5 rounds up the number in front of itself. When you add 2.7 and 28.2 you get 30.9.

c. 3.09 rounded to the nearest 10th will be 3.1 because any number equal to or greater than 5 rounds up the number in front of itself. 2.41 rounded to the nearest 10th will be 2.4 because 4 doesn't round up the number. 9.86 rounded to the nearest 10th will be 9.9 because any number equal to or greater than 5 rounds up the number in front of itself. When you add 3.1 + 2.4 + 9.9, you get 15.4.

d. 15.234 rounded to the nearest 10th will be 15.2 because 3 doesn't round up the number. 1.37 rounded to the nearest 10th will be 1.4 because any number equal to or greater than 5 rounds up the number in front of itself.
0.76 rounded to the nearest 10th will be 0.8 because any number equal to or greater than 5 rounds up the number in front of itself. When you add 15.2 + 1.8 + 0.8, you get 17.8.

e. 39.18 rounded to the nearest 10th will be 39.2 because any number equal to or greater than 5 rounds up the number in front of itself. 2.48 rounded to the nearest 10th will be 2.5 because any number equal to or greater than 5 rounds up the number in front of itself. 0.84 rounded to the nearest 10th will be 0.8 because 4 doesn't round up the number. 39.2 + 2.3 + 0.8 = 42.3


50
67

1. 5−100%=minu, tart fraction, 67, divided by, 50, end fraction, plu, 1, point, 5, minu, 100, percent, equal
Enter the anwer a an exact decimal or implified fraction

Answers

The answer as an exact decimal = -0.84 and simplified fraction = −21/25.

What is simplified fraction?

Simplifying a fraction is the process of reducing a fraction to its most basic form. If the numerator and denominator of a fraction have no common factors other than one, the fraction is in its simplest form.

When solving fraction problems, we must first simplify them. Even if we simplify them, the fraction's value will remain unchanged. This means that the simplified and actual fractions are equivalent fractions.

Given that

-67/50 + 1.5 − 100% = ?

Lets solve

= -67/50 + 1.5 − 100%

= -67/50 + 1.5 − (100 × 0.01)

= -67/50 + 3/2 - 1

= -67/50 + 75/50 - 50/50

= (-67 + 75- 50)/50

= −42/50

= −21/25

= -0.84

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A line has a slope of 1/5 and passes through the point (3,10). What is its equation in point-slope form? Use the specified point-slope form.

Answers

The equation of a line that has a slope of 1/5 and passes through the point (3, 10) is y= (1/5)x + (47/5).

What is the general equation of a straight line?

The general equation of a straight line is -

y = mx + c

{m} - slope.

{c} - intercept along the y - axis.

Given is that a line has a slope of 1/5 and passes through the point (3, 10)

We can write the slope of the line as -

m = 1/5

For the point (3, 10), we can write -

y = (1/5)x + c

10 = (1/5) x 3 + c

c = 10 - 3/5

c =  47/5

Therefore, the equation of a line that has a slope of 1/5 and passes through the point (3, 10) is y= (1/5)x + (47/5).

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PLEASE HELP! Jake and Hakeem's rocket's flight is approximately modeled by the equation h(t) = - 12t ^ 2 + 36t + 3 where h(t) is the height in meters of their rocket seconds after launch.

Answers

Jake and Hakeem's rocket's flight is approximately modeled by the equation h(t) = - 12t ^ 2 + 36t + 3. The rocket's highest point is 30m

What is the height?

Generally, Since we are not instructed on what to look for, we are able to determine the highest point that the rocket ever achieved.

Given that the rocket's flight can be approximated approximatively using the equation,

h(t) = - 12t ^ 2 + 36t + 3

At maximum height dh/dt = 0

dh/dt = --24t + 36

0 = -24t + 36

24t = 36

t= 36/24

t = 1.5s

Find out the maximum height.

h(1.5) = - 12 (1.5)^ 2 + 36(1.5) + 3

h(1.5) = - 12(2.25) + 54 + 3

h(1.5) = -27 + 57

h(1.5) = 30m

As a result, the rocket is only capable of reaching a height of 30 meters at its highest point.

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47.3 , 48.1 ,47.4 ,47.16 , 47.07 least to greatest,please help(,:

Answers

Answer:

47.07, 47.16, 47.3, 47.4, 48.1

Step-by-step explanation:

lol

Put these numbers in order from least to greatest.
-8.52
-8.15
8.25
0.55

Answers

Answer:

-8.52, -8.15, 0.55, 8.25

Step-by-step explanation:

The lowest of negatives goes first, and the highest of positives goes last.

Answer:

from the least to the highest which is:

-8.52

-8.15

0.55

8.25

How do you solve an inequality equation?

Answers

There are four fundamental types of inequality: less than ( < ), larger than( > ), less than or equal to ( ≤ ), and more than or equal to( ≥ ).

What is an inequality?

The term "inequality" in mathematics refers to a connection between two expressions or values that is not equal to each other. Inequality originates from an imbalance, thus. The majority of the time, size comparisons between two numbers on the number line are made.

The most notable instances of social inequality include those related to health care, social class, gender inequality, and wealth disparity. Comparatively speaking, some people in the healthcare system receive better and more skilled care. For these services, they are also likely to pay more.

Steps to solve the inequality:

First, get rid of all fractions by multiplying all terms by the fractions' lowest common denominator. (There is no difference when we multiply by a positive number.)Second, simplify the inequality by merging like words on either side. The sameThird To get the unknown on one side and the numbers on the other, add or subtract the appropriate amounts. The sameFourth, multiply each term in the inequality by the unknown coefficient. The inequality will not change if the coefficient is positive. Inequality will also be reversed if a negative coefficient exists. The crucial distinction between equations and inequalities is this.

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One-fifth of a bread loaf was shared equally among Herb, Dara, Mark, and Lily. What fraction of the original bread loaf did each person get?

Answers

Using the provided values and information, The answer is each person would receive 1/5 of the original bread loaf.

What do you mean by proportion?

A proportion is a mathematical statement that compares two ratios. It is an equation that states that two ratios are equal, such as "a/b = c/d." Proportions are often used to solve problems involving fractions, decimals, and percentages. For example, if you know that a particular recipe calls for two cups of flour for every one cup of sugar, you can use this proportion (2/1 = x/3) to figure out how much sugar you need if you want to triple the recipe. The proportion can also be written as 2:1 = x:3.

What do you mean by ratio?

A ratio is a mathematical comparison of two or more quantities, typically represented as a fraction. It is a way to compare the size of two or more things. For example, if a recipe calls for 2 cups of flour to 1 cup of sugar, the ratio of flour to sugar is 2:1. This means that for every 2 units of flour, there is 1 unit of sugar. Ratios can also be written using the colon symbol (:) or the word "to". For example, the ratio 2:1 can also be written as 2/1 or 2 to 1. Ratios can be simplified by dividing both the numerator and denominator by a common factor and can be used to compare quantities in different units.

Each person would get 1/5 of the original bread loaf. If the bread is divided equally among four people, then each person would receive 1/4 of the total amount. Since 1/5 is the same as 4/20, and 4 people are receiving the bread, then each person would receive 1/5 of the original bread loaf.

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What is 5 in the expression 5x called?

Answers

The term 5 in 5x is known as the coefficient of the expression.

A coefficient is defined as a term or a number which is multiplied by a variable. This constant terms generally precedes the variable term.

A coefficient is a generally a multiplicative factor in a polynomial series, or in an  equation.

Expressions are mathematical statements which are composed of two terms in which at least one contain variables, numbers, or both. These terms are either numbers or variables or numbers and variables multiplying each other. These expressions are a combination of numbers with mathematical ,operators are used to separate them.

Eg, 2x - 90 =45

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Solve for x in this triangle. Round your answer to the nearest tenth. 13 35⁰ X​

Answers

Answer:

x ≈ 10.6

Step-by-step explanation:

using the cosine ratio in the right triangle

cos35°= [tex]\frac{adjacent}{hypotenuse}[/tex] = [tex]\frac{x}{13}[/tex] ( multiply both sides by 13 )

13 × cos35° = x , then

x ≈ 10.6 ( to the nearest tenth )

How is the number of Electoral College seats per state determined? A. by the number of party delegates assigned to the state B. by the total number of

Answers

Each state is given a specific amount of "votes" under the "Electoral College" system. The amount of "votes" each state receives is proportionate to its size.

What is the makeup of the Electoral College? There are 538 electors in all. The number of electors allotted to each state is equal to the sum of its two Senate seats plus the number of representatives in the House of Representatives.Three electoral votes are granted to the District of Columbia under the 23rd Amendment. According to the amount of each State's population as established by the Census, each State is given a certain number of electors equal to the sum of its U.S. Senators (which are always two) and U.S. Representatives.There are two steps involved in selecting each State's electors. The political parties in each State first select elector candidate slates before the general election. Second, during the general election, each State's voters choose its electors by voting ballots.

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Solve for x. each figure is a parallelogram

it's 40 points for the 4​

Answers

3.) x = 15.25 or 15 1/4 ( not sure if you'll need to round your answer )

4.) x =6

5.) x = 10

6.) x = 9

Explanation:

1.) write your equation down 8x + 9 = 131

2.) Subtract +9 from 131. you'll get 122

3.) divide 8x and 122.

4.) Then there's your answer 15.25

you'll do the same thing throughout each equation. write down your equation but with the 22x and 23x you're going to subtract 22x from 23x. and you'll get 1x then continue on the same way as with the last equation.

I really need help on this one too

Answers

The solution is Option C and Option D.

The exponential function is given by f ( x ) = 2 ( 3 )ˣ

The exponential function is given by f ( x ) = 800 / 4ˣ

What are the laws of exponents?

When you raise a quotient to a power you raise both the numerator and the denominator to the power. When you raise a number to a zero power you'll always get 1. Negative exponents are the reciprocals of the positive exponents.

The different Laws of exponents are:

mᵃ×mᵇ = mᵃ⁺ᵇ

mᵃ / mᵇ = mᵃ⁻ᵇ

( mᵃ )ᵇ = mᵃᵇ

mᵃ / nᵃ = ( m / n )ᵃ

m⁰ = 1

m⁻ᵃ = ( 1 / mᵃ )

Given data ,

Let the equation be represented as A

Now , the value of A is

a)

Let the x values be x = { 0 , 1 , 2 , 3 }

Let the y values be y = { 7 , 19 , 31 , 43 }

The equation of line is y = 12x + 7

This is a linear equation

b)

Let the x values be x = { 0 , 1 , 2 , 3 }

Let the y values be y = { 5 , 10 , 15 , 30 }

The equation is a quadratic equation

c)

Let the x values be x = { 0 , 1 , 2 , 3 }

Let the y values be y = { 2 , 6 , 18 , 54 }

The equation is y = 2 ( 3 )ˣ

This is an exponential function

d)

Let the x values be x = { 0 , 1 , 2 , 3 }

Let the y values be y = { 800 , 200 , 50 , 12.5 }

The equation is f ( x ) = ( 800 / 4ˣ )

This is an exponential function

Hence , the exponential equations are solved

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Find the total surface area of a cone with a base diameter of 7cm and height of 8cm

Answers

Answer: The formula for the surface area of a cone is S = π * r * s + π * r², where r is the radius of the base and s is the slant height of the cone.

To find the surface area of a cone, you first need to find the radius of the base. Since the base diameter is given as 7cm, you can divide this by 2 to find the radius of the base:

r = 7cm / 2 = 3.5cm

Next, you need to find the slant height of the cone. You can use the Pythagorean theorem to do this.

slant height = sqrt(r^2 + h^2) = sqrt(3.5² + 8²) = sqrt(12.25 + 64) = sqrt(76.25) = 8.766cm

Now you can substitute these values into the formula for the surface area of a cone and find the surface area of the cone.

S = π * r * s + π * r² = π * 3.5cm * 8.766cm + π * 3.5² cm² = 12.571 cm² + 38.485 cm² = 51.056 cm²

So the surface area of a cone with a base diameter of 7cm and height of 8cm is 51.056 cm²

Step-by-step explanation:

Subtract (9x-12)-(5x-7)

Answers

Answer:

Step-by-step explanation:

(9x-12)-(5x-7)=9x-12-5x+7=9x-5x-12+7=4x-5

if you like this pls give me 5 stars, tku!

Please help me!
Will give you brainlist!!!!

Answers

Example of monomial- 2, ab, and 42xy
2nd example- 5x, 2y to the third power, 7xy, x to the 5th power.
Example of binomial- x-2 x -2
2nd example- x-6 x negative 6 x negative 6 again.
Example of trinomial- x+y+z is a trinomial in three variables, x, y and z. 2a to the second power + 5a +7 is a trinomial in one variables. Xy+ x+2y to the second power is a trinomial in two variables x and y.
Examples of polynomial- 3x+2x-5
2nd example- 3x to the second power -2x -10.

Molly and Liza are exercising. Molly does
10 push-ups at the same time
as Liza
does 15 push-ups. When Molly does
40 push-ups, how many push-ups does
Liza do?

Answers

Answer:

25

Step-by-step explanation:

so molly and liza are exercising right?.so 10 push-ups at the same time wich means they do 10 push-ups together and liza push-ups 15 and molly does 40 pushups so. its addition so 10+15=25 so thats the answer.

Tim's phone service charges $24.20 plus an additional $0.17 for each text message sent per month. If Tim's phone bill was $28.45, which equation could be used to find how many text messages, x, Tim sent last month? A. $0.17x + $24.20 = $28.45 B. $0.17x - $24.20 = $28.45 C. $24.20x + $0.17 = $28.45 D. $24.20x - $0.17 = $28.45

Answers

Answer:

A

Step-by-step explanation:

each text message is .17 text messages are x the total bill is 28.45. the service charges are 24.20.

.17x + 24.50 = 28.45

A large plane cruises at 530 miles per hour. What is the ratio, Unit Rate, and Rate?

Answers

Answer:

For this example they are all the same thing.  

530:1 or 530 mph

Step-by-step explanation:

A unit rate is when the denominator is 1.  In this case, the denominator is already 1 hour.

Please help me !!

this the last question !!

Answers

Answer:

2 ≥ p

Step-by-step explanation:

-14 ≤ -7p

Divided both sides by -7. Because divided by a negative number, the < will turn to >

So, the equation is

2 ≥ p

Because there is an equal, the circle will be close and to the left of 2.

Answer:

2 ≥ p

Step-by-step explanation:

Have a great day :) <3

Complete the inequality below to describe the
domain of the graph shown.
Domain:
DONE
completo the inequality holow to dogorike the

Answers

On solving the provided inequality equation we cans ay that therefore, 60x + 45 <250 is the necessary inequality for the given situation.

Describe inequality.

An inequality in mathematics shows how two values are related in an imbalanced algebraic expression. According to inequality signals, one of the two variables on either side of the inequality may be larger than, greater than or equal to, less than, or less than or equal to another value.

If the daily cost for each crew member is $60, the daily wage for crew members is $60, and the daily cost of operations is $45; the amount paid equals the total of the wages for each crew member plus the cost of operations. In this case, let x indicate the size of the crew.

= 60x + 45

Since the maximum daily payment is $250,

In other words, the total payment cannot be more than $250.

60x + 45 ≤ 250

Therefore , the required inequality for given problem is 60x + 45 ≤ 250.

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The container has 1 gallon of water. Each bottle holds 1/8 of a gallon. How many bottles of water does the container hold?

Answers

The total quantity of water that the container would have to hold is given as 8.

How to find the total quantity of water

We know that the container holds 1 gallon of water, and that each bottle holds 1/8 of a gallon. To find out how many bottles the container can hold we need to divide the container size by the size of each bottle.

We can use the following formula to find the number of bottles:

Number of bottles = Container size / Size of each bottle

We can substitute the values into the formula:

Number of bottles = 1 / (1/8) = 8

So the container can hold 8 bottles of water.

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Derek owns a snack shop where he sells tins of buttered and caramel popcorn. The table shows the number of each type of popcorn sold over w weeks.



Popcorn Sales
Popcorn Cost ($)
Number Sold
Over w Weeks

Buttered 11 8w+9
Caramel 11 6w−1


After 12 weeks, how much more will he have made in sales of buttered popcorn than the sales of caramel popcorn?

Answers

In the transaction, he will receive $374 more in sales of buttered popcorn than caramel popcorn.

What are mathematical operations?

An operation, often known as an "operand" or "argument," is a function in mathematics that converts zero or more input values into a clearly defined output value. In mathematics, addition, subtraction, multiplication, division, and modular forms are the five basic operations.

Given, Derek owns a snack shop where he sells tins of buttered and caramel popcorn. The table shows the number of each type of popcorn sold over w weeks.

Popcorn Sales     Popcorn Cost ($)      Number Sold Over w Weeks

Buttered                   11                                        8w+9

Caramel                    11                                        6w−1

After 12 weeks of total buttered popcorn, he will make the sale

= $11 * (8*12 + 9)

= 11 * (96 + 9)

= $1,155

After 12 weeks of total caramel popcorn, he will make the sale

= $11 * (6*12 - 1)

= $11* (71)

=$781

In the sale, he will get more sales in buttered popcorn than sales in caramel popcorn by 1,155 - 781 = $374

Therefore, He will make $374 more in sales of buttered popcorn than caramel popcorn during the sale.

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I'm need help asap! i dont get the question, i would appreciate it if somebody could help me( giving brainilest & 20 points)!!!

Look at picture below

Answers

Answer:

215/100

Step-by-step explanation:

it is asking for improper fraction

improper fractions are just the bottom number multiplied by the number outside of the fraction so in this case it is

2*100 which is 200 then add that to the top number

which leaves you with 215/100

3x-y=2 and 12x-4y=4 parellel or perpendicular line

Answers

Answer:

They are parallel line.

!PLEASE HELP ASAP!
These two figures are similar. Find the length of side x.

Answers

the length of side x = 12.5.

What is ratio?

The ratio is defined as the comparison of two quantities of the same units that indicates how much of one quantity is present in the other quantity.

Here, we have,

From the given figure, we get.

These two figures are similar.

so, we have,

8/x=y/5 ............(1)

10/15=4/z ......(2)

8/15=y/z .....(3)

Solving we get,

x=12.5

Hence,  the length of side x = 12.5.

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Solve for x in this triangle. Round your answer to the nearest tenth. 18 Xº 23​

Answers

Answer:

51.50004959055205

Step-by-step explanation:

[tex]sin (x) = \frac{18}{23}[/tex]

M(2,4) is the midpoint

between the points A(-2,9)

and B.

Find the coordinates of B.

Answers

The coordinates of B are (6,0).

The midpoint of a line segment is the point that is exactly halfway between the two endpoints of the segment. For a line segment with endpoints (x1, y1) and (x2, y2), the midpoint is given by the coordinates:

((x1 + x2) / 2, (y1 + y2) / 2)

In this problem, we're given that the midpoint is (2, 4) and we need to find the coordinates of point B. Since we know the coordinates of the midpoint, we can set up the equation:

((x1 + x2) / 2, (y1 + y2) / 2) = (2, 4)

We know that point A = (-2,9) is one endpoint, so we can substitute it into the equation

((-2 + x2) / 2, (9 + y2) / 2) = (2, 4)

Solving for x2 and y2, we get x2 = 6 and y2 = 0 which is the coordinates of point B.

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Practice 2-2 Using number sense to solve Equations (PLEASE HELP)

Answers

The solutions for all the equations would be

1. p = 30

2. h = 99

3. t = 31.4

4. r = 57

5. t = 5

6. w = 8

7. y = 9

8. p = 7

9. a = 13

10. w = 12

11. h = 24

12. g = 128

13. a = 21

14. y = 39

15. d = 16

16. w = 25

What is an equation?

An equation is a statement that asserts the equality of two expressions. The expressions on either side of the equation are separated by an equals sign (=), and they must have the same value for the equation to be true.

1) 30p = 900

  p = 900/30

  p = 30

2) h/9 = 11

   h = 9 * 11

   h = 99

3) t + 32.4 = 62

   t = 62 - 32.4

   t = 31.4

4) r - 17 = 40

   r = 40 + 17

  r = 57

5)  5t = 25

      t = 25/5

      t = 5

6) 8w = 64

    w = 64/8

   w = 8

7)  9y = 81

     y = 81/9

     y = 9  

8) p + 5 = 12

   p = 12 - 5

   p = 7

9)  a + 2 = 15

    a = 15 - 2

    a = 13

10)  w + 8 = 20

      w = 20 -8

      w = 12

11)  h/6 = 4

    h = 6 * 4

    h = 24

12) g/8 = 16

    g = 16 * 8

    g = 128

13) a/7 = 3

    a = 3 * 7

    a = 21

14) y - 11 = 28

    y = 28 + 11

    y = 39

15) d - 4 = 12

    d = 12 + 4

    d = 16

16) w - 10 = 15

    w = 15 + 10

    w = 25

Hence, solutions for all the equations would be

1. p = 30

2. h = 99

3. t = 31.4

4. r = 57

5. t = 5

6. w = 8

7. y = 9

8. p = 7

9. a = 13

10. w = 12

11. h = 24

12. g = 128

13. a = 21

14. y = 39

15. d = 16

16. w = 25

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In the Himalaya Mountains along the border of Tibet and Nepal, Mount Everest reaches a record height of 29,035 feet. How high is Mt. Everest in miles

Answers

The height of the mt. Everest in miles exists 5.499 miles.

What is meant by unit conversion?

By changing the unit of measurement, a quality can be expressed differently. In contrast to distance, which can be stated in miles, kilometers, feet, or any other unit of length, time can also be expressed in minutes rather than hours.

By multiplying or dividing a number, a conversion factor can be used to change one set of units to another. The right conversion factor to an equal value must be used when a conversion is required. The correct conversion factor, for instance, is 12 inches to 1 foot when converting between inches and feet.

The height of the mt. Everest is : 29035 feet.

The unit conversion is given as :

5280 feet = 1 mile

1 feet = 1/5280 mile

So, 29035 feet =29035 × 1/5280 miles

29035 feet = 29035/5280 miles

29035 feet = 5.499 miles

So, the height of the mt. Everest in miles is 5.499 miles.

The complete question is:

In the Himalaya mountains along the border of Tibet and Nepal, mount Everest reaches a record height of 29,035 feet. how high is mt. Everest in miles? use the conversion equivalency of 1 mile = 5280 feet.

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Answer:  The height of the Mount Everest in miles is 5.499 miles

Step-by-step explanation:

1 miles = 5,280 feet

For feet to miles conversion, you should multiply your length value by 0.0001894: mi = ft × 0.0001894 .For miles to feet conversion, you should multiply your length value by 5,280: ft = mi × 5,280 .1 feet = 1/5280 mileso So, 29035 feet = 29035×1/528029035 feet  = 29035/5280in the given question, 29035 feet = 5.499 milesSo, the height of the mt. Everest in miles is 5.499 mile

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