Answer:
Step-by-step explanation:
<u>Given</u>
- Monthly payment P = $300
- Time t = 3 years = 36 months
- Number of payments n = 36
- Interest rate r = 12% PA = 1% per month = 0.01 times
<u>Use loan payment formula:</u>
- P = r(PV) / (1 - (1 + r)⁻ⁿ),
- where P- monthly payment, PV - present value (amount of the loan), r -rate of interest, n- number of payments
<u>Substitute values and solve for PV:</u>
- 300 = (0.01*PV) / (1 - (1 + 0.01)⁻³⁶)
- PV = 300*(1 - 1.01⁻³⁶ )/ 0.01
- PV = 9032.25 ≈ $9000 (rounded to the nearest hundred dollars)
Answer:
y = 3/4x - 2
Step-by-step explanation:
Slope-Intercept Form: y = mx + b
Slope Formula: 
Step 1: Define
(0, -2) y-intercept
(4, 1) random point
Step 2: Find slope <em>m</em>
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y = 3/4x + b
Step 3: Write linear equation
y = 3/4x - 2
Answer:
D) $7
Step-by-step explanation:
The cost for a dozen donuts is 5 dollars
The money made from a dozen donuts is
12*1 = 12 dollars
The profit is the money made minus the money spent
12 -5 =7
Answer: Discount Price/Amount = $154.56
Step-by-step explanation:
STEP 1
A Discount Is used when a seller gives a reduction in the price of its good or services. .
Given that sale of car = $1,287.99
Discount = 12%
Discount Price = 12 % x $1,287.99=$154.56
such that The Final price to purchase the car =$1,287.99 - $154.56 =$1,133.43
The rule for rounding is that if the fraction is less than 1/2, we round down; and if the fraction is more than 1/2, we round up.
Because 5/6 is a greater fraction than 1/2, we must round the existing whole number (8), up.
8 5/6 rounded to the nearest whole number is 9.
