Identity the slope of the line below. y = -2x +3 Your answer
2 answers:
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to solve this, you need to set up an equation to solve for <em>x, </em>the number of square meters waxed in an hour:
you can use cross multiplication to solve for x:
so jessica can wax 100/3 square meters per hour. you can convert this to decimal form (which would be 33.3 repeating) or you can leave it in fraction form.
Answer:
$221.44
Step-by-step explanation:
As the bank charges a <em>monthly </em>interest, we cannot calculate a simple or compound interest over the 8 month period. As the balance will decrease each month as Kylie makes payments, the interest applied each month will also decrease. Therefore, we have to use:
<u>Monthly Payment Formula</u>
where:
- PMT = monthly payment
- P = loan amount
- i = interest rate per month (in decimal form)
- n = term of the loan (in months)
Given:
- P = $1,700
- i = 0.925% = 0.00925
- n = 8 months
Substituting the given values into the formula and solving:
Therefore, the monthly payment to the nearest dollar will be $221.44