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Alex787 [66]
3 years ago
10

Which is the better deal 0% interest on a $28,300 car or purchasing a $22,000 vehicle with a five-year 6% simple interest loan

Mathematics
1 answer:
ElenaW [278]3 years ago
3 0

Answer:

0% interest on a $28,300 car is a better deal.

Step-by-step explanation:

Compare the total amount to be paid for each option;

<em>Option1 : 0% interest on a $28,300 car</em>

  • You will pay a total of 28,300 since there is $0 payable on interest

<em>Option 2: $22,000 vehicle with a five-year 6% simple interest loan</em>

Find the Amount;<em> A=Simple Interest + Principal</em>

<em>Simple Interest = Principal* rate * time </em>= (22000* 0.06 *5) = 6600

Amount payable= 22,000+6,000= $28,600

Therefore,0% interest on a $28,300 car is a better deal.

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The missing parts of the table for the function are 49, 1 and 49 respectively

<h3>How to complete the missing parts of the table?</h3>

An exponential function is a type of function which involves exponents. A simple exponential function is of the form y = bˣ

Given:  the exponential function y = (1/7)ˣ

In order to find the missing parts, we have to substitute the relevant values into the function. Thus:

For x = -2:

y = (1/7)ˣ

Substitute x = -2 into the function:

y = (1/7)⁻² = 49

For x = 0:

y = (1/7)ˣ

Substitute x = 0 into the function:

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Therefore, the missing parts of the table are 49, 1 and 49 respectively

Learn more about exponential function on:

brainly.com/question/27161222

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