a times table is a chart or graph that shows all multiplication expressions up to 12 times 12
Original debt = $589
APR = 29.99%
The monthly rate is 0.2999/12 = 0.02499
After 1 month:
Amount owed = 589*1.02499 = $603.72
5% payment = 0.05*603.72 = $30.187
New balance = $603.72 - 30.187 = $573.53
After 2 months:
Amount owed = 573.53*1.02499 = $587.87
5% payment = 0.05*587.87 = $29.39
New balance = 587.87 - 29.39 = $558.48
After 3 months:
Amount owed = 558.48*1.02499 = $572.44
5% payment = 0.05*572.44 = $28.62
New balance = 572.43 - 28.62 = $543.82
Answer: $543.82
Answer (Note: the bold are answers):
First question answer:
Point = (3,1)
Slope = 3
y = 3x + b
(1) = 3(3) + b
1 = 9 + b
1 - 9 = b
-8 = b
y = 3x - 8
The second question answer:
y = mx + b
Get two points:
(3,-7) and (4,-11)
m = -11 - (-7) / 4 - 3
m = -11 + 7 / 1
m = -4 / 1
m = -4
b = + 3
y = -4x + 3
X is equal to 15 explanation is that you subtract 180 for 165 to find x which is equal to 15
