James purchased a ski boat costing $12,100 with $1,000 down and loan

Mathematics

1 answer:

NISA [10]3 years ago

8 0

Answer:

Total installment cost is $13,000

Step-by-step explanation:

Total installment comprises of two components which the down payment made at the beginning of the credit purchase and the total of all monthly repayments.

Down payment=$1000

$500 payment is expected monthly for 24 months which effectively means $12,000($500*24)

Total installment cost=$1,000+$12,000=$13,000

In a nutshell the total installment cost of the ski boat is $13,000

You might be interested in

What’s question number 2? I have been stuck on this.

likoan [24]

I think it’s C possibly

3 0

3 years ago

Read 2 more answers

9/34 subtracted by 6:00

Flura [38]

3:34...............................

3 0

3 years ago

Read 2 more answers

Look at the graph shown below:

ElenaW [278]

So.. take a peek at the picture... let's get two points from it, hmm say 0,4 notice it touches the y-axis there, and say hmmm -4, 1, almost at the bottom of the line

$\bf \begin{array}{lllll}
&x_1&y_1&x_2&y_2\\
% (a,b)
&({{ 0}}\quad ,&{{ 4}})\quad 
% (c,d)
&({{ -4}}\quad ,&{{ 1}})
\end{array}
\\\\\\
% slope = m
slope = {{ m}}= \cfrac{rise}{run} \implies 
\cfrac{{{ y_2}}-{{ y_1}}}{{{ x_2}}-{{ x_1}}}\implies \cfrac{1-4}{-4-0}$

$\bf y-{{ y_1}}={{ m}}(x-{{ x_1}})\qquad 
\begin{array}{llll}
\textit{plug in the values for }
\begin{cases}
y_1=4\\
x_1=0\\
m=\boxed{?}
\end{cases}\\
\textit{and solve for "y"}
\end{array}\\
\left. \qquad \right. \uparrow\\
\textit{point-slope form}$

once you get the slope and solve for "y", that'd be the equation of the line.

7 0

2 years ago

Thelma Thrifty went to her bank. She had a balance of $1,209.76 in her savings account. She withdrew $131.44 and the teller cred

Shtirlitz [24]

The answer is most likely 1071.65

3 0

2 years ago

Bill buys a stock that decreases by 20% on the first day, and then on the second day the stock increases by 30% of its value at

stiks02 [169]

Answer:

Not really sure but here you go.

3 0

3 years ago