Answer:
2232 for 170 minutes
Step-by-step explanation:
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:
the answer is the question B!!
Step-by-step explanation:
Answer:
y= (-3x +14.50) / 8
Step-by-step explanation:
Isolate the 8y
Subtract 3x from both sides
8y = -3x + 14.50
Then, isolate the left to only y
y= (-3x +14.50) / 8
Answer:
Step-by-step explanation:
