You are told to ignore the amount of principal paid, so you are apparently to assume the loan amount was for $50 thousand.
a) The old monthly payment was $10.67×50 = $533.50
b) The new monthly payment is $11.72×50 = $586.00
c) The increase in monthly payment is figured in the usual way:
... (new/old -1)×100% = (1.0984-1)×100% = 9.84%
_____
In reality, about 3% of the loan will have been paid at the end of 2 years. Thus, the original loan amount may have been near $51,500. This problem is telling you to ignore the difference.
3y=8x
Explanation:
If y varies directly with x then
y=c⋅x for some constant of variation c
If (x,y)=(14,23) is a solution to this equation, then
23=c⋅14
→c=23⋅41=83
So
y=83x
or (clearing the fraction)
3y=8x
Answer:
Step-by-step explanation:
1. Use the two ordered pairs to find the slope m.
2.Then substitute the slope and one set of ordered pairs into y = mx + b and solve for b.
Answer:
more than your rent
Step-by-step explanation:
hahahaha
Answer:
The required function is:
Step-by-step explanation:
We have to represent the given scenario as an equation or function
Let x be the number of miles driven in a week
Let C(x) be the function of the number of miles driven
As it is given that charges are 150 per week, these charges are constant so they will be used as it is.
It is also given that the cost of car is 0.45 per mile so for x miles the cost will be:
0.45x
Combining both terms, we get
Hence,
The required function is:
