Using simple interest, it is found that:
- The total amount paid was of $7,084.8.
- The finance charge was of $584.8.
- The simple interest rate was of 3%.
<h3>Simple Interest</h3>
Simple interest is used when there is a single compounding per time period.
The amount of interest after t years in is modeled by:
In which:
- r is the interest rate, as a decimal.
In this problem, the amount paid was of 36 monthly payments of
$196.80, hence:
36 x 196.80 = $7084.8.
The total amount paid was of $7,084.8.
The original price is of $6,500, hence the finance charge was of:
7084.8 - 6500 = $584.8.
For interest, we have that:
, hence:
The simple interest rate was of 3%.
More can be learned about simple interest at brainly.com/question/25296782
Answer:
Step-by-step explanation:
Quadratic function is given as 
Let's find a, b and c:
Substituting (0, 6):
Now that we know the value of c, let's derive 2 system of equations we would use to solve for a and b simultaneously as follows.
Substituting (2, 16), and c = 6
=> (Equation 1)
Substituting (3, 33), and c = 6
=> (Equation 2)
Subtract equation 1 from equation 2 to solve simultaneously for a and b.
Replace a with 4 in equation 2.
The quadratic function that represents the given 3 points would be as follows:
Step-by-step explanation:
→ 7m – q = 23
- q subtracted from 7 times m is equivalent to 23.
Let the first number be = x
Then the second number = 2x
The third number = 2x - 5
Their sum = 55
This can be written in an equation as =
x + 2x + 2x - 5 = 55
= x + 2x + 2x = 55 + 5 ( transposing -5 from LHS to RHS changes -5 to +5 )
= x + 2x + 2x = 60
= 5x = 60
= x = 60 ÷ 5 ( transposing ×5 from LHS to RHS changes ×5 to ÷5 )
= x = 12
The first number = x = 12
The second number = 2x = 2 × 20 = 24
The third number = 2x - 5 = 24 - 5 = 19
Therefore , the three numbers are 12 , 24 and 19 .
Answer:
7n-6=-20
Step-by-step explanation:
six less than seven times a number
we'll use n as "the number"
six less meaning -6
7 times a number n = 7n
7n-6=-20
