Amount of car loan taken by Scott = $5500
Amount of loan paid back by Scott = $7370
Then
Amount of money paid as interest by Scott = (7370 - 5500) dollars
= 1870 dollars
Then
Percentage of interest given for the car loan = (1870/5500) * 100
= 1870/55
= 34 percent
So Scott had to pay a total interest rate of 34% in the four years.I hope the procedure is simple enough for you to understand and solve future problems.
Can you show the whole question
Answer:
y = 2x - 200
Step-by-step explanation:
The function type that would model this relationship is linear because for each bracelet sold, the jazz band would increase their profit by $2. Since it has a consistent rate, it is linear. Using the slope-intercept formula of y = mx + b, where 'm' is the rate and 'b' is the initial value, you can use $2 for the rate or cost per bracelet and -$200 for the initial value or cost of supplies:
y = 2x - 200, where '2' is the cost per bracelet, 'x' the number of bracelets sold, '-200' is the cost for supplies and 'y' is the profit.
Answer:
6 miles per hour
Step-by-step explanation:
we'll set up the problem like this:
3/4 mi = 1/8 hr
now multiply each side by 8:
24/4 mi = 1 hr
simplify:
6 mi = 1 hr
