Teague is participating in a 50K run to raise money for a charity. He has already raised $102 and will receive $1.40 for each ki
1 answer:
You might be interested in
Answer:
The monthly payment is $262.95
Step-by-step explanation:
* Lets explain how to solve the problem
- Omar has decided to purchase an $11,000 car
- He plans on putting 20% down toward the purchase
* Lets find the value of the 20%
∵ The principal value is $11000
∴ the value of the 20% = 20/100 × 11000 = 2200
∴ He will put $2200 down
* Lets find the balance to be paid off on installments
∴ The balance = 11000 - 2200 = 8800
- He financing the rest at 4.8% interest rate for 3 years
* Lets find the rule of the monthly payment
∵ , where
- pmt is the monthly payment
- P = the investment amount
- r = the annual interest rate (decimal)
- n = the number of times that interest is compounded per unit t
- t = the time the money is invested or borrowed for
∵ P = 8800
∵ r = 4.8/100 = 0.048
∵ n = 12
∵ t = 3
∴
∴
* The monthly payment is $262.95
Answer:
x = $3, or x = $11
Step-by-step explanation:
The equation given is
where
- P(x) is the profit, and
- x is the app price
<u>We want app prices (x's) when profit (P(x)) is 0, so plugging in into the equation:</u>
<em>It means (x-3) = 0 OR (x-11) = 0</em>
So, x = 3, or 11