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neonofarm [45]
4 years ago
12

A finance company offers a 36-month installment loan with an APR of 10.5%. Jerry wishes to use the loan to finance an engagement

ring for $21,500. After first using Table 13-1 to find the finance charge, calculate the monthly payment.
Mathematics
1 answer:
kumpel [21]4 years ago
8 0
Well i’m not sure on this but i got 18 for my answer instead of 10 so if u need any mode help im here
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The equation would be y=0.45x.

Let x be the number of cookies Matt made.  Since Phil made 25% more, and 100%+25%=125%=125/100=1.25, the number of cookies Phil made can be represented by 1.25x.

Together the cookies they made are represented by x+1.25x=2.25x

Since there were 20% of the cookies remaining, this means they sold 100%-20%=80%=80/100=0.8 of the cookies:
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Each cookie sold for 0.25, so we have
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Letting y be the money they make, we have
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