The answer is c. 16.70% This is based on the posts I've read online regarding this problem. No solution was given.
These are the amounts you have to consider:
List price of new car - 21,450
Sales tax rate: 6.88% - 21,450 x 6.88% = 1,475.76
vehicle registration fee - 1,089
documentation fee - 124
loan term - 3 years, paid monthly. so, 36 months
interest rate - 12.28% compounded monthly.
2004 Dodge Neon value - 6,591
trade in value - 6,591 x 80% = 5,272.80
No mention of down payment so the possible amount to be financed is: 24,138.76
The value of the traded car is only considered after the financing has been paid off.
Answer:
Step-by-step explanation:
The general equation for a direct variation is y = k*x
So your first step (usually) is to find k
y = k x
when x = 4
then y = 50
- y = k*x
- 50 = k * 4 Divide by 4
- 50 / 4 = k*4/4
- 12.5 = k
Now you can find the value of y when x = 2
- y = k*x
- k = 12.5
- x = 2
- y = ?
y = 12.5 * 2
y = 25
Multiply 20 by 5 and you get 100, please tell if this is what you wanted!
Answer:
The correct answer is B
Step-by-step explanation:
View attachments.
Use symbolab to compare the equations :)
Hope this helps XD