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-Dominant- [34]
3 years ago
5

Janet took out a loan of $50,000 from Bank of America at 8% on March 19, 2015, which is due on July 8, 2015. Using exact interes

t, the amount of Janet's interest cost is:
Mathematics
1 answer:
Paladinen [302]3 years ago
5 0
The formula for this is I = PRT
I = Interest
P = Principal (starting amount) = $50,000
R = Rate (percentage) = 8% = .08
T = Time in years = days/years = 111/365

I = 50000(.08)(111/365)
I = $1216.438 
I = $1216.44 (rounded)


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you can subtract from point 1 to point 2

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If g(x) is a linear function such that g(-3) = 2 and g(1) = -4, find g(7).
eimsori [14]
<h3>Answer:   -13</h3>

=======================================

Explanation:

g(-3) = 2 means x = -3 and y = 2 pair up together to form the point (-3,2)

g(1) = -4 means we have the point (1,-4)

Find the slope of the line through the two points (-3,2) and (1,-4)

m = (y2-y1)/(x2-x1)

m = (-4-2)/(1-(-3))

m = (-4-2)/(1+3)

m = -6/4

m = -3/2

m = -1.5

The general slope intercept form y = mx+b turns into y = -1.5x+b after replacing m with -1.5

Plug in (x,y) = (-3,2) which is one of the points mentioned earlier and we end up with this new equation:  2 = -1.5*(-3) + b

Let's solve for b

2 = -1.5*(-3)+b

2 = 4.5 + b

2-4.5 = 4.5+b-4.5 .... subtract 4.5 from both sides

-2.5 = b

b = -2.5

Therefore, y = mx+b becomes y = -1.5x-2.5 meaning the g(x) function is g(x) = -1.5x-2.5

The last step is to plug in x = 7 and compute

g(x) = -1.5*x - 2.5

g(7) = -1.5*7 - 2.5

g(7) = -10.5 - 2.5

g(7) = -13

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