NEED HELP ASAP!!!! 40PTS IM DESPRATE

Mathematics

2 answers:

il63 [147K]3 years ago

8 0

I don't know if is completely correct but I got
Students = 613.6
Adults = 324.4

UNO [17]3 years ago

8 0

So to sell 938 tickets you will get a decimal... but these are people so it cant be a decimal... but if it was 937 people it would

if it 937 tickets
the total would be $1,109
A-325
S-612

if it 938 tickets
the total would be $1109.75

A-325
S-613

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Phil can afford $200 a month for 5 years for a car loan. if the interest rate is 7.5 percent, how much can he afford to borrow t

madreJ [45]

200 per month for 5 years = 12,000
Phil can (at most) pay 12,000 for the car loan.
That would be the payment total.
So, how do we solve for the PRINCIPAL?
Looking at the attached formula, we see the
principal = Total - Total * ((1 +r)^-n) / r * n
where n = # of payments = 5 year * 12 months = 60 and
rate / 1.200 = 7.5/1,200 = .00625

principal = [12,000 - 12,000 * (1.00625)^-60] / .375
principal = [12,000 - 12,000 * 0.6880918239 ] / .375
principal = [12,000 - 8,257.1018863488] / .375
principal = 3,742.90 / .375
principal = 9,981.06

Source:
http://www.1728.org/loanfrm4.htm