Ok so basically the number by the X is your slope (m) and the other number is your y-intercept (b) so for example the first question your slope (m) 2/3 and your y-intercept (b) -2

6 0

2 years ago

Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to

Brrunno [24]

Part A:

Given that a dinette table with a cash price of $200 is purchased at $8.50 down and $11.00 per month for 24 months

The total installment price is given by

$P=\$8.50+\$11(24) \\ \\ =\$8.50+\$264=\$272.50$

Part B:

The carrying charges is given by the total installation price minus the cash price.

From part a, we obtained that the total installation price is $272.50 and given that the cash price is $200.

Therefore, the carrying charges is given by

$272.50 - $200.00 = $72.00

Part C:

If the money is to be saved at $11 per month to be able to purchase the table at the cash price, the number of months it will take to be able to save $200 at $11 per month is given by

$\frac{\$200}{\$11} =18.18\, months$

Therefore, it will take 19 months to save the money at the monthly rate needed to buy the item for its cash price.

3 0

3 years ago

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