Gerald bought a home for $300,000. His largest up–front cost is 10 percent, or $30,000. What is this cost called?
1 answer:
Answer:
The cost is called DOWN PAYMENT. The down payment is an initial payment you have to make when buying something on credt.
The down payment varies depending on the price of what you're buying and not all credits require a down payment. As an example, I'm attaching an example of a phone you can buy on credit and no downpayment is required.
The down payment is expressed in percentage of the total cost of the item/property you're buying. In Gerald's case, the down payment was 10% of the total value of the house.
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Answer:
The inequality for is:
Step-by-step explanation:
Given:
Width of rectangle = 3 ft
Height or length of rectangle = ft
Perimeter is at least 300 ft
To write an inequality for .
Solution:
Perimeter of a rectangle is given as:
⇒
where represents length of the rectangle and
represents the width of the rectangle.
Plugging in the given values in the formula, the perimeter can be given as:
⇒
Using distribution:
⇒
Simplifying.
⇒
The perimeter is at lest 300 ft. So, the inequality can be given as:
⇒
Solving for
Subtracting both sides by 16.
⇒
⇒
Dividing both sides by 2.
⇒
⇒ (Answer)