If you borrowed $100, then your monthly payment is $2.44
If you borrowed $200, then your monthly payment is 2*2.44 = 4.88
etc etc
We can set up a proportion
2.44/100 = x/13300
to figure out the monthly payment x. Cross multiply and solve for x
2.44*13300 = 100*x
100x = 2.44*13300
100x = 32452
x = 32452/100
x = 324.52
So the monthly payment is $324.52
An alternative way to get this monthly payment is to apply 2.44% to 13300, which is another way to view the phrase "monthly payment per $100 is 2.44"
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There are 48 months in 4 years (start with 12 mon = 1 yr, then multiply both sides by 4) so we multiply 48 by the monthly payment to get the result 48*324.52 = 15,576.96. This is the total amount you have to pay back which is the principal plus interest.
Subtract off the principal (amount borrowed) to find the interest or finance charge: 15,576.96 - 13,300 = 2,276.96
Answer: Choice B
Couldnt A) Just be multiplied by 1/1 or is that cheating
Answer:
The answer is:
Step-by-step explanation:
9, 4.1, 2.6, 7, 8.5
to find the equation of a linear equation given two points:
1) find the slope y=mx+b
here's the equation: (y2-y1)/(x2-x1)
y2- y value of the 2nd point y1- y value of 1st point
x2- x value of 2nd point x1- x value of 1st point
1st point- (0, 12) 2nd point- (1,3)
so your slope equation is this: (3-12) / (1-0) or -9/1 or -9
m is -9
2) find the y intercept y=mx+b
b is whatever y is when x is 0. There's a long way to find it, but you already have it, because one of your points is (0,12). They told you what y was when x was 0.
b is 12.
your linear equation is y=-9x+12
to find the equation of an exponential equation given two points:
1) find a y=a(b)<span>×
</span>if one of your points has a 0 as the x value, the y value is a. you do have a point like this: (0,12) so...
<span>a is 12
</span>2) find b y=a(b)<span>×
put what you know a is in the equation: y=12(b)</span><span>×
then put the x and y values of the other point in for x and y in the equation
so (1,3) 1 is x and 3 is y
3=12(b)^1
when the exponent is 1, it disappears:
3=12b
simplify: b= 3/12 or b=1/4
then put all that in the equation:
y=12(3/4)</span><span>×</span>
Answer: Absolute value will alwase be a positive number, while solving an equation that does not involve absolute value could be any number. Positive, negativ, you name it. They ae similer, because either way, you are trying to figure out a varible. -hope this helped! if i misunderstood anything, let me know! i love to improve :D
