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AfilCa [17]
2 years ago
15

In everyday English, interpret the financial meaning of the

Mathematics
1 answer:
Gemiola [76]2 years ago
8 0

Answer:

The y-intercept refers to the y-coordinate of a point where a curve or a line, intersects the y-axis.

In the given equation, the y-intercept is ( 0, 9.5).

Step-by-step explanation:

We have been given the equation;

y=0.10x+9.50

The y-intercept is simply the y-coordinate of a point where the line intersects the y-axis. At this point, the value of x is usually zero.

y = 0.10 (0) + 9.50

y = 0 + 9.50

y = 9.50

is our y-intercept

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Melissa Costouras obtains a $3,000 loan for darkroom equipment. She makes six monthly payments of $511.18. Determine the APR.
nasty-shy [4]

Using the simple interest formula, it is found that the APR for the loan is of 4.472%.

<h3>What is the simple interest formula and when it is used?</h3>

Simple interest is used when there is a single compounding per time period.

The amount of money after t years in is modeled by:

A(t) = A(0)(1 + rt)

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The parameters for this problem are:

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We solve the equation for r to find the APR.

A(t) = A(0)(1 + rt)

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1 + 0.5r = \frac{3067.08}{3000}

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More can be learned about simple interest at brainly.com/question/25296782

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