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Zepler [3.9K]
3 years ago
11

Your friend just purchased a new sports car for 32,000 dollars. He received 6,000 dollars for his trade in and he used that mone

y as a down payment for the new car. He financed the vehicle at 6.76% APR over 48 months with a monthly payment of $619.15. Determine from the given information, the finance charge.
Mathematics
1 answer:
saul85 [17]3 years ago
5 0

32000-6000 = $26,000 is the amount he financed

619.15 x 48 = 29719.20 is the total amount he paid back

29719.20- 26000 = 3,719.20 is the amount of interest he paid (finance charge)

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Answer:

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We need to take the derivative with respect of x and y, and equal to zero to find the local minimums.

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The critical point is (3/4,0) so the temperature at this point is: T(\frac{3}{4},0)=(\frac{3}{4})^{2}+2(0)^{2}-(\frac{3}{2})(\frac{3}{4})

T(\frac{3}{4},0)=-\frac{9}{16}    

Now, we need to evaluate the boundary condition.

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We can solve this equation for y and evaluate this value in the temperature.

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T(x,\sqrt{1-x^{2}})=-x^{2}-\frac{3}{2}x+2

Now, let's find the critical point again, as we did above.

T_{x}(x,\sqrt{1-x^{2}})=-2x-\frac{3}{2}=0            

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Evaluating T(x,y) at this point, we have:

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I hope it helps you!

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