Answer:
Ashley would have to pay an additional $608.52 in interest when the length of the loan changes from 3 years to 5 years.
Step-by-step explanation:
Although the problem gives us the initial amount of the balance ($4000) and the interest rate (13%), we are really only concerned with the total amount Ashley will make in payments in three years versus five years. If she pays $134.78 for three years, that is 36 months, or $134.78 times 36 which is equal to $4852.08. However, if she decides to take longer to pay it and instead pays $91.01 for five years, or 60 months, then her total amount paid would be $5460.60. To find the difference between these two, simply subtract $5460.60-$4852.08 to get $608.52.
Answer: The system consists of parallel lines
Step-by-step explanation:
Given system of lines :
Substitute in , we get
, which is not true.
That means , system has no solution.
i.e. they are representing parallel lines. [Parallel lines do not intersect and hence they do not have solution.]
Option 1
$0.1622
Option 2
$0.1839
Answer:
Step-by-step explanation:
slope=(1-3)/(-2-(-5))
=-2/(-2+5)
=-2/3
