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cestrela7 [59]
3 years ago
13

evan purchased a boat for $8825. He made a down payment of $2500. He applied for a three-year installment loan with an interest

rate of 10.2%. What is the total cost of the boat after three years
Mathematics
1 answer:
Gekata [30.6K]3 years ago
5 0
The present worth of the boat is $8825. The interest rate is 10.2% and it's not stated whether or not the interest is nominal, so we assume it's annual and effective. We use the formula:
F = P (1 + i)^n
where F is the future worth
P is the present worth
i is the effective annual interest rate
n is the number of years

Substituting:
F = 8825(1 + 0.102)^3
F = 11810.26

The future worth of the boat is 
$11,810.26
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Answer:

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Step-by-step explanation:

5 0
3 years ago
A company tests the life of its rechargeable batteries over six months of use. They test how long a battery will last after a fu
jonny [76]

Answer:

18.6 months

Step-by-step explanation:

Given that :

Best fit line from scatterplot :

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When battery is dead completely ; charge =0, y = 0

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4 0
3 years ago
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castortr0y [4]
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To solve this, because y is equal to 2x+5, you can substitute 2x+5 into the bottom equation for y.

You now have 3x - (2x + 5) =-6

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Subtract 2x from 3x

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Now you can solve for y by plugging -1 in for x in either equation. Im going to use the top one.

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⇒3n=81.

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Hence numbers are n,n+1,n+2→27,28 and 29

3 0
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Mumz [18]
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4 0
3 years ago
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