The interest in the first month is given as $ 97.1. The principal balance in the second question is $15,030.02
<h3>How to solve for the interest in the first month</h3>
1. We have to solve for the cost of the car
This would be = 19,725*(1.0475)
= 20,661.9375
There is a Down payment = 2,175
balance would be 20661.9375-2,175 = 18,486.94
average rating interest of new car = 6.30%
So the interest accrued in first month = 18,486.94x0.063/12 = $ 97.1
2. cost = 15867
sales tax = 5.25%
10 percent down payment
5.25/100 = 0.0525
cost of car = 15867 + (15867 * 0.0525)
= 16700 dollars
10% of 16700 dollars
= 1670 dollars
principal balance = 16700 - 1670
= $15,030.02
Read more on interest rate here
brainly.com/question/25793394
Answer:
6% monthly
Step-by-step explanation:
The monthly rate being compounded when the interest is 6% per year is ...
6%/12 = 0.5%
so the multiplier each month is
1 + 0.5% = 1.005
___
The monthly multiplier when 5.86% is compounded continuously is ...
e^(5.86%/12) ≈ 1.004895
The 6% rate will give a larger yield after any length of time.
Answer:
f(x) = 4 when x is 8
Step-by-step explanation:
Domain is the set of x values that make the function defined. Allowed x values for the function (mapping).
The Range is the set of y values that make the function defined. Allowed y values for the function (mapping).
- Whenever we need to find f(a), suppose, then we look for "a" in the domain and see its corresponding value mapping in the range.
- Whenever we will be given a value for f(x) = a, suppose, and we have to find "x", we look at the value a in the range and find corresponding x value in the domain.
Firstly, we need f(4), so we look for "4" in domain and see which number it corresponds to in range.
That is 
Thus,
Next,
We want "x" value that gives us a "y" value of 4. We look for "4" in the range and see which value it corresponds to. That is "8". So,
f(8) = 4
Answer:
5
Step-by-step explanation:
$4.75 + 0.3x = $6.26
0.3x = 1.51
x = 5.033
