Hi,
Here is the solution.
3 years = 36 months
Leased amount for 3 years = $3000 + 36*350
= $3000 + $12600
Leased amount for 3 years = $15600
Residual value = $12000
Assume you didn't buy the car, you took it for lease, so your expense = $15600.
Now Assume you bought the car for $21,000.
After using 3 years, you can sell it for $12000.
Your expense = $21,000 - $12,000 = $9000.
Conclusion:
It is less expensive to buy the car.
The cost for buying the car and selling it after 3 years = $9000.
Hope you will understand the steps. Thank you :)
The slope of this line is -1/6.
2 Point: (6,2) (-6,6)
x₁ y₁ x₂ y₂
Remember:
rise change in y y₂ - y₁ 6 - 2 4
---------- = ------------------- = ------------- = ----------- = ----------
run change in x x₂ - x₁ -6 - 6 -12
Simplify 4/-12
4 ÷ 4 1
------- = ------------- = -1/3
-12 ÷ 4 -3
The slope of the line is -1/3.
Okay if there are 8 teachers and 6 reams of paper you would have to divide 6 by 8 and you would get 0.75
6/8= 0.75
each teacher would get 0.75 (3/4) of a ream of paper