Formula for monthly payment is:
A = P x (r(1+r)^t)/((1+r)^t-1) where P is the amount financed, r is the interest rate divided by 12 and t is the amount of time for the loan in months.
P = 33714 x 0.85 = 28656.90
A = 28656.90 x (0.07/12 (1+0.07/12)^48) / (1 +0.07/12)^48 - 1)
A = $686.23
Answer:
Step-by-step explanation:
Set the cost equation C(l) = l3 – l2 + l + 2.5 equal to $11.00 and solve for l:
C(l) = 2l + 2.5 = $11, or
2l = 8.5, or l = length = 4.25 inches
That means that the discounts are the same
therfor 25% of original=180
multiply both sides by 4 or divide both sides by 0.25
original=720
the equation is
0.25 times original=180
and the original price is $720
Answer:
64 adult tickets were sold
Step-by-step explanation:
Let a = adult tickets sold
c = child tickets sold
a+c = 90 since there were 90 tickets sold
12a+7c = 950 since the amount of money collect is 950
c = 90-a
Substitute this into the second equation
12a +7( 90-a) = 950
Distribute
12a + 630-7a = 950
Combine like terms
5a +630 = 950
Subtract 630 from each side
5a = 950-630
5a = 320
Divide by 5
5a/5 = 320/5
a =64
64 adult tickets were sold
