<span>-3y+8z your welcome:)</span>
It is irrational because it does not repeat a pattern nor does it stop.
It seems most likely that ...
... Samantha will save $37.50 because she must first find the 25% sale price before taking the extra 50% reduction
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In the real world, it seems probable that Samantha will be offered the choice of using the coupon <em>or</em> the sale discount. If she chooses tht 50% coupon, her savings will be $30. If she chooses the marked sale discount, her savings will be $15.
The scenario above assumes she gets 50% off the sale price of $45, so saves $15+22.50 = $37.50 off the original price.
<span>B(n) = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
where B is the balance after n payments are made, i is the monthly interest rate, P is the monthly payment and A is the initial amount of loan.
We require B(n) = 0...i.e. balance of 0 after n months.
so, 0 = A(1 + i)^n - (P/i)[(1 + i)^n - 1]
Then, with some algebraic juggling we get:
n = -[log(1 - (Ai/P)]/log(1 + i)
Now, payment is at the beginning of the month, so A = $754.43 - $150 => $604.43
Also, i = (13.6/100)/12 => 0.136/12 per month
i.e. n = -[log(1 - (604.43)(0.136/12)/150)]/log(1 + 0.136/12)
so, n = 4.15 months...i.e. 4 payments + remainder
b) Now we have A = $754.43 - $300 = $454.43 so,
n = -[log(1 - (454.43)(0.136/12)/300)]/log(1 + 0.136/12)
so, n = 1.54 months...i.e. 1 payment + remainder
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I think the Answer is 76 in^2
Hope this helps
