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kupik [55]
2 years ago
8

Melissa Costouras obtains a $3,000 loan for darkroom equipment. She makes six monthly payments of $511.18. Determine the APR.

Mathematics
1 answer:
ollegr [7]2 years ago
8 0

Using simple interest, it is found that the APR is of 4.472%.

<h3>Simple Interest</h3>

Simple interest is used when there is a single compounding per time period.

The amount of money after t years in is modeled by:

A(t) = A(0)(1 + rt)

In which:

  • A(0) is the initial amount.
  • r is the interest rate, as a decimal.

The parameters are given as follows:

A(t) = 6 x 511.18 = 3067.08, A(0) = 3000, t = 0.5.

Hence the APR is found as follows:

A(t) = A(0)(1 + rt)

3067.08 = 3000(1 + 0.5r)

1 + 0.5r = \frac{3067.08}{3000}

1 + 0.5r = 1.02236

r = (1.02236 - 1)/0.5

r = 0.04472.

More can be learned about simple interest at brainly.com/question/25296782

#SPJ1

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hichkok12 [17]

Answer:

\displaystyle \large{y=x^2-2x-3}

Step-by-step explanation:

The given points are (-1,0) and (3,0) to find an equation of parabola. Notice that they say or the given points are x-intercepts, which means they make it easier for us to find an equation of parabola using these x-intercepts.

Quick Note:

  • x-intercepts are simply the roots or solutions of quadratic equation, so if our root is x = -2 then we can write as (-2,0) and write back to x+2=0.

So what we are going to do is to write the roots’ equation back as \displaystyle \large{x+\alpha =0}

Our points or roots are given, therefore:

If x = -1 then x+1=0

If x = 3 then x-3=0

Then multiply x+1 with x-3 because if (x-1)(x+3)=0 then x-1=0 or x+3=0:

\displaystyle \large{(x+1)(x-3)=0}

Convert 0 to y since we want to find a function:

\displaystyle \large{(x+1)(x-3)=y}\\\displaystyle \large{y=(x+1)(x-3)}

Expand the expressions in and simplify to standard form:

\displaystyle \large{y=x^2-3x+x-3}\\\displaystyle \large{y=x^2-2x-3}

Therefore, the equation is \displaystyle \large{y=x^2-2x-3}

__________________________________________________________

Summary

If we are given the points \displaystyle \large{(\alpha ,0)} and \displaystyle \large{(\beta ,0)} with wideness of the graph or a-value = 1 then the parabola equation is:

\displaystyle \large{y=(x-\alpha )(x-\beta )}\\\displaystyle \large{y=x^2-\beta x-\alpha x+\alpha \beta }\\\displaystyle \large{y=x^2-(\beta +\alpha )x+\alpha \beta }

__________________________________________________________

Others

If you have any doubts about my answer, explanation or this question, do not hesitate to let me know in the comment!

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Step by step explanation:

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Step-by-step explanation:

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