Recall that
. So we can add twice the first equation to the second one to get
Since
, we have
so
If
, then
If
, then
So the solution set is
The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
Answer:
3-2=1
Step-by-step explanation:
Answer:
45.3 miles/h
let 'x' be the speed of the car. Hope this will helps:)
Step-by-step explanation:
Considering the definition of an equation and the way to solve it, the total cost of the shoes is 0.20×(x-15).
<h3>Definition of equation</h3>
An equation is the equality existing between two algebraic expressions connected through the equals sign in which one or more unknown values, called unknowns, appear in addition to certain known data.
The members of an equation are each of the expressions that appear on both sides of the equal sign while the terms of an equation are the addends that form the members of an equation.
<h3>Total cost in this case</h3>
Being "x" the price of the shoes, and knowing that:
- you apply a discount of $15 first → x -15
- you apply a discount of 20% through a second discount (
- (applied on the first discount already made) → 20%×(x-15) → 0.20×(x-15)
the equation in this case is:
<u><em>Total cost= 0.20×(x-15)</em></u>
Finally, the total cost of the shoes is 0.20×(x-15).
Learn more about equations:
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