The weight, in pounds, of a newborn baby t months after birth can be modeled by W. A graph of W is shown below. Write an equatio
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Using simple interest, it is found that:
- The total amount paid was of $7,084.8.
- The finance charge was of $584.8.
- The simple interest rate was of 3%.
Simple interest is used when there is a single compounding per time period.
The amount of interest after t years in is modeled by:
In which:
- P is the initial amount.
- r is the interest rate, as a decimal.
In this problem, the amount paid was of 36 monthly payments of
$196.80, hence:
36 x 196.80 = $7084.8.
The total amount paid was of $7,084.8.
The original price is of $6,500, hence the finance charge was of:
7084.8 - 6500 = $584.8.
For interest, we have that:
, hence:
The simple interest rate was of 3%.
More can be learned about simple interest at brainly.com/question/25296782
<u>Number of terms = 48</u>
<u>common difference = 1.5</u>
This question involves the concept of Arithmetic Progression.
- The formula for sum of an arithmetic progression series with first and last term given is;
=
(a + l)
where;
a = first term
l = last term
n = number of terms
- From the given sequence, we see that;
first term; a = 4
last term; l = 76
Sum of A.P; = 1920
- Plugging in relevant values into the sum of an AP formula, we have;
1920 = (4 + 76)
simplifying this gives;
1920 = 40n
n = 1920/40
n = 48
- Formula for nth term of an AP is;
=
+ (n - 1)d
where;
is first term
d is common difference
n is number of term
is the nth term in question
the 48th term is 76
Thus;
76 = 4 + (48 - 1)d
76 - 4 = 47d
72 = 47d
d = 72/47
d ≈ 1.5
Thus;
Number of terms = 48
common difference = 1.5
Read more at; brainly.com/question/16935540