Find The Area Of The Figure, Round It To The Nearest Tenth
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Addison needs to cut $45 from Food/Clothes and $41 from Entertainment, to pay the revised monthly payment.
It is given that
Addison has a balance of $3,450 on her credit card.
APR = 18%
Current monthly payment = $86.25
She wants to choose a monthly payment for 24 months.
So for 24 months,
A revised monthly payment using the formula,
R = 0.18
P = 3450
N = 24
Revised montly payment M = $172.24
Current monthly payment = $86.25
Difference = $86
So, she needs to cut the expenses by $86
If she cut $45 from Food/Clothes and $41 from Entertainment, she can easily pay the revised monthly payment.
Therefore, Addison needs to cut $45 from Food/Clothes and $41 from Entertainment, to pay the revised monthly payment.
To get more about monthly payment visit:
Part I
part II
now, the form above is the point-slope form, and that'd be the equation, you can leave it like so, or you can solve for "y", and put it in slope-intercept, same equation though.
part II
now, the form above is the point-slope form, and that'd be the equation, you can leave it like so, or you can solve for "y", and put it in slope-intercept, same equation though.