What would a monthly payment be on a purchase of an $11,000 car at 7.9% for 3 years? A. $334.39 B. $312.50 C. $344.19 D. -$344.1
1 answer:
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Answer:
17
Step-by-step explanation:
We have the following equation for compounding annual interest
AV=PV(1+i)ⁿ
We have
19200=7400(1+.06)ⁿ
Solve for n
divide both sides by 7400
2.594=(1.06)ⁿ
then use the following rule for exponents
which means that
Solve and get
16.362
which rounds to 17
Answer:
D. Minimum at (3, 7)
Step-by-step explanation:
We can add and subtract the square of half the x-coefficient:
y = x^2 -6x +(-6/2)^2 +16 -(-6/2)^2
y = (x -3)^2 +7 . . . . . simplify to vertex form
Comparing this to the vertex for for vertex (h, k) ...
y = (x -h)^2 +k
We find the vertex to be ...
(3, 7) . . . . vertex
The coefficient of x^2 is positive (+1), so the parabola opens upward and the vertex is a minimum.
