Answer:
c. $467.29
Step-by-step explanation:
The total of balances is $9360. The payment can be computed using the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^-n)
where A is the monthly payment, P is the principal (total balance), r is the annual rate, and n is the number of months.
Filling in your numbers, we have ...
A = $9360(0.18/12)/(1 -(1 +0.18/12)^-24) ≈ $467.29
Frank's monthly credit card payment will be $467.29.
Answer:
Width is 24, length is 40
Step-by-step explanation:
64 can be split into 8 groups of 8, and the 8 groups can be split into 3 and 5. Then, take 3 x 8 for the width and 5 x 8 for the length, and you have the answer! I wish to you best of luck!
Answer:
The y-intercept in coordinate form is (0, 4.5) and represents the taxi pick-up fee. The equation is y=1.5x + 4.5.
Step-by-step explanation:
This question is asking for the slope and y-intercept of a linear equation. A linear equation makes a straight line based on a constant rate of change. For this problem, the cost per mile is the slope, while the independent variable 'x' is the number of miles and the dependent variable 'y' is the total cost. In order to first find slope, you need to use the two points given (7, 15) and (10, 19.5) to set up a change in y / change in x, or (19.5-15)/(10-7) or 4.5/3 which is 1.5. So the slope, or cost per mile is $1.50. To find the y-intercept (b), or the cost of the pick-up fee, simply fill in your equation y=1.5x + b with your other variables and solve for 'b'. So, 15 = (1.5 x7) + b. or 15 = 10.5 +b, subtract 10.5 from both sides of the equation to get b=4.5.
