In calculating the interest on a car we have a formula
(interest rate/number of payments) x loan principal = interest.
Since, we have:
Interest rate = ?
number of payments = 60 ( 5 year loan x 12 months)
loan principal = 5800
interest = 797.50
We need to derive a formula to find the IR(interest rate)
(interest rate/60) x 5800 = 797.50
IR (5800) / 60 = 797.50
IR (5800) = 797.50 (60)
IR (5800) = 47850
IR = 47850/5800
IR = 8.25 %
Answer:
10y + 15
Step-by-step explanation:
5(2y + 3)
= 5x2y + 5x3
= 10y + 15
Sam started with 0 dollars in his bank account. He charged his debit card for a sandwich that costs $6.00. If this was written on a number line. How many units would Sam to go to get back to where he started?
