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mr Goodwill [35]

2 years ago

9

A line is defined by the equation y = 2/3x - 6 The line passes through a point whose y-coordinate is 0. What is the x-coordinate

of this point?

1 answer:

IRINA_888 [86]2 years ago

6 0

X=9
..................

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Answer:

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Answer:

$57.50

Step-by-step explanation:

we know that

The monthly loan payment formula is equal to

$M=\frac{P(\frac{r}{12})(1+\frac{r}{12})^{12t}}{(1+\frac{r}{12})^{12t}-1}$

where

M ----> is the monthly payment

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r ---> interest rate as decimal

t ---> length of the loan in years

we have

$t=5\ years\\ P=\$3,200\\ r=3\%=3/100=0.03$

substitute in the formula

$M=\frac{3,200(\frac{0.03}{12})(1+\frac{0.03}{12})^{12(5)}}{(1+\frac{0.03}{12})^{12(5)}-1}$

$M=\frac{3,200(0.0025)(1.0025)^{60}}{(1.0025)^{60}-1}$

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