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Stolb23 [73]
3 years ago
9

The sugar sweet company will choose from two companies to transport its sugar to market. The first company charges 6597 to rent

trucks plus an additional fee of $200.75 for each ton of sugar. The second company charges $7500 to rent trucks plus an additional fee of $125.50 for each ton of sugar. For what amount of sugar do the companies charge the same? What is the cost when two companies charge the same?
Mathematics
1 answer:
Romashka [77]3 years ago
5 0

The cost when two companies charge the same is $ 9006

<em><u>Solution:</u></em>

Let "x" be the tons of sugar

<em><u>The first company charges 6597 to rent trucks plus an additional fee of $200.75 for each ton of sugar</u></em>

Therefore,

Amount for first company: 6597 + 200.75(tons of suagr)

Amount for first company: 6597 + 200.75x --------- eqn 1

<em><u>The second company charges $7500 to rent trucks plus an additional fee of $125.50 for each ton of sugar</u></em>

Therefore,

Amount for second company: 7500 + 125.50(tons of sugar)

Amount for second company: 7500 + 125.50x --------- eqn 2

<em><u>For what amount of sugar do the companies charge the same?</u></em>

For both the companies to charge the same, eqn 1 must be equal to eqn 2

6597 + 200.75x = 7500 + 125.50x

200.75x - 125.50x = 7500 - 6597

75.25x = 903

x = 12

Thus for 12 tons of sugar, both the companies charge the same

<em><u>What is the cost when two companies charge the same?</u></em>

Substitute x = 12 in any one of equations

Let us substitute x = 12 in eqn 1

\rightarrow 6597 + 200.75x = 6597 + 200.75(12)\\\\\rightarrow 6597 + 2409 = 9006

Thus the cost when two companies charge the same is $ 9006

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3. Suppose your credit card has a balance of $7800 and an annual interest rate of 16%. You decide
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Answer:

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Step-by-step explanation:

a) The amortization formula is used to find the monthly payment (A):

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for a loan of a principal amount P at annual rate r compounded n times per year for t years.

For a borrowed amount of $7800 at 16% compounded monthly for 3 years, the payment will be ...

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b) The total amount repaid is 36 times this monthly payment, so is ...

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You will pay $2071.92 in interest.

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c) Changing the time period to 1 year gives the payment value ...

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You must pay $433.48 more each month.

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The difference in interest amounts is ...

  $2071.92 -692.40 = $1379.52

You will pay $1379.52 less in total interest.

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<em>Caveat</em>

Here, the monthly amounts are rounded and the total repayment amount is based on that rounded value. In an actual payment situation, the final payment will be adjusted by a small amount to account for the fact that the monthly payment shown is not exact. That will affect the total interest and the difference in interest.

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