Evaluate 8x for each value of x x=0.5
1 answer:
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200 per month for 5 years = 12,000
Phil can (at most) pay 12,000 for the car loan.
That would be the payment total.
So, how do we solve for the PRINCIPAL?
Looking at the attached formula, we see the
principal = Total - Total * ((1 +r)^-n) / r * n
where n = # of payments = 5 year * 12 months = 60 and
rate / 1.200 = 7.5/1,200 = .00625
principal = [12,000 - 12,000 * (1.00625)^-60] / .375
principal = [12,000 - 12,000 * <span> <span> <span> 0.6880918239 </span> </span> </span> ] / .375
principal = [12,000 - <span> <span> <span> 8,257.1018863488] / .375
</span></span></span>principal = <span> <span> <span> 3,742.</span></span></span>90 / .375
principal = 9,981.06
Source:
http://www.1728.org/loanfrm4.htm
Phil can (at most) pay 12,000 for the car loan.
That would be the payment total.
So, how do we solve for the PRINCIPAL?
Looking at the attached formula, we see the
principal = Total - Total * ((1 +r)^-n) / r * n
where n = # of payments = 5 year * 12 months = 60 and
rate / 1.200 = 7.5/1,200 = .00625
principal = [12,000 - 12,000 * (1.00625)^-60] / .375
principal = [12,000 - 12,000 * <span> <span> <span> 0.6880918239 </span> </span> </span> ] / .375
principal = [12,000 - <span> <span> <span> 8,257.1018863488] / .375
</span></span></span>principal = <span> <span> <span> 3,742.</span></span></span>90 / .375
principal = 9,981.06
Source:
http://www.1728.org/loanfrm4.htm
Answer:
Additional <em>26</em> pendants are to be sold to make profit.
Step-by-step explanation:
Rent of booth at the craft fair = $200
Cost of material for each pendant = $7.80
Let Kelsey makes number of pendants.
To calculate the total spending, we have to add the rent of booth at the craft fair and cost of material for number of pendants.
Cost of material for number of pendants = Cost of material for each pendant multiplied by number of pendants
Cost of material for number of pendants = $7.80
So, total cost = $200 + $7.80
Now, each pendant is sold at $13.50
So, total money made by selling pendants = $13.50
For making profit, total money made must be greater than the total cost.
Therefore, the inequality becomes:
Let us solve the inequality now:
So, at least 36 pendants are to be sold to make a profit.
Additional 36-10 = <em>26</em> pendants are to be sold to make profit.