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inn [45]
3 years ago
10

An average apartment in New York costs $2000 per month, while in San Antonio the same apartment costs $750 per month. A hamburge

r in New York costs around $5, while in San Antonio it costs $3. It can be said that San Antonio, generally, has a lower
Mathematics
2 answers:
lord [1]3 years ago
6 0

complete question:

An average apartment in New York costs $2000 per month, while in San Antonio the same apartment costs $750 per month. A hamburger in New York costs around $5, while in San Antonio it costs $3. It can be said that San Antonio, generally, has a lower __________.

A. stage of life

B. cost of living

C. budget

D. standard of living

Answer:

B. cost of living

Step-by-step explanation:

Cost of living measures a particular standard of living, usually how much one pays for rents, goods, gas, household items , clothing and everyday items. Cost of living is used to compare expenses over location and time.

From the question above the the average  apartment in New York cost $2000 per month while in San Antonio the same apartment goes for $ 750 per month. This comparison shows you New York has a higher cost of living than San Antonio because the measurement of rent between the 2 cities shows that New York city is more costly.

Same scenario plays in the price of hamburger . The cost of hamburger is more cheaper in San Antonio than New York city. It can be said that San Antonio has a low cost of living compared to New York city.

Scrat [10]3 years ago
5 0
The answer is cost of living.
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Sergeu [11.5K]
The annual interest rate is 20.4% which is a 20.4/12 = 1.7% monthly rate.

1.7% = 0.017

-------------------------------------------------

Month 1:

interest = 0.017*(current balance)

interest = 0.017*(1045.87)

interest = 17.77979

interest = 17.78

---------

principal = payment - interest

principal = 490 - 17.78

principal = 472.22

---------

new balance = (old balance) - principal

new balance = (1045.87) - 472.22

new balance = 573.65

at the end of month 1, the balance is $573.65

So far, you have paid $490

-------------------------------------------------

Month 2:

interest = 0.017*(current balance)

interest = 0.017*(573.65)

interest = 9.75205

interest = 9.75

---------

principal = payment - interest

principal = 490 - 9.75

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---------

new balance = (old balance) - principal

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new balance = 93.40

At the end of month 2, the balance is $93.40

So far, you have paid 490+490 = 980 dollars

-------------------------------------------------

Month 3:

The current balance of $93.40 is less than $490, so we don't have to pay the full $490. We can simply pay off the remaining balance. 

Add this to the current total paid amount so far to get 980+93.40 = 1,073.40

I'm not sure if I made a rounding error somewhere or if there is a typo. The closest answer choice I see is choice B. So I'm thinking the answer is choice B. I'd get a second opinion or ask the teacher on this one. 
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Answer:

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