Answer:
a)1400 + 300x ≤ 5000
b) x ≤ 12 days
Step-by-step explanation:
a) Since the grocery store owner wants to stay within budget then, this means he would be spending at most $5,000
The word at most is represented by the inequality sign ≤ = Less than or equal to
Let x = Number of days
Hence,
Our inequality equation is
$1400 + 300× x ≤ $5000
1400 + 300x ≤ 5000
b) Solving for x
1400 + 300x ≤ 5000
300x ≤ 5000 - 1400
300x ≤ 3600
x ≤ 3600/300
x ≤ 12 days
Simply the answer is 12 and 8.
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Hope this helps you
Answer:
Annual payument (PMT)= $1,663.19
Step-by-step explanation:
Giving the following information:
Loan (PV)= $250,000
Monthly interest rate (i)= 0.07/12= 0.005833
Number of periods (n)= 12*30= 360 months
<u>To calculate the monthly payment, we need to use the following formula:</u>
Annual payument (PMT)= (PV*i) / [1 - (1+i)^(-n)]
Annual payument (PMT)= (250,000*0.005833) / [1 - (1.005833^-360)]
Annual payument (PMT)= $1,663.19