KL = 4x +3. JK = 4x + 2, and JL = 45 Find KL.
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<u>Answer: </u>
Monthly payments of student loan 25000 at fixed APR of 6% for 15 years is 264 units of money approximately
<u>Solution: </u>
Given that
Amount of student loan P = 25000
APR = R = 6%
Duration = T = 15 years
First let’s calculate interest on loan.
Interest = =
= 22500
Total amount needs to pay back = Loan amount + interest = 25000 + 22500 = 47500
Duration in which amount needs to be pay back = 15 years = 15 12 = 180 months
Monthly payment = Total amount needs to pay back / duration in months
=
= 263.88.
Hence monthly payments of student loan 25000 at fixed APR of 6% for 15 years is 263.888 approx 264 units of money.
The required equations are use to solve this problem;
There are x = 49 hot dogs, and y = 77 sodas were sold.
Given that,
Each hot dog costs $2.25 and each soda costs $1.50.
At the end of the night, you made a total of $225.75.
You sold a total of 126 hot dogs and sodas combined.
We have to determine,
What equations did you use to solve this.
And How many hot dogs were sold and how many sodas were sold.
According to the question,
Let, The x represent the number of hot dogs,
And y represent the number of sodas.
Then,
You sold a total of 126 hot dogs and sodas combined.
Number of sell hot dogs + number of sell sodas = Total of hot dogs and sodas combined.
And Each hot dog costs $2.25 and each soda costs $1.50.
At the end of the night, you made a total of $225.75.
Then,
Cost of each hot dogs + cost of each soda = total earning end of the night
On solving both the equation,
Substitute the value of x in the equation 2,
Then,
Substitute the value of y in the equation 1,
Hence, There are x = 49 hot dogs, and y = 77 sodas were sold.
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