True I think cause it’s divided by 5
Answer:
(3,22.50)
(6, 33)
Rise/Run using two points
33-22.50/ 6-3
10.5/3
<u>Rate = 3.5</u>
Answer:
0.6x+y=24.6
Step-by-step explanation:
y-y1=m(x-x1)
y-24=-0.6(x-1)
y=-0.6x+0.6+24
y=-0.6x+24.6
y-(-0.6x)=24.6
y+0.6x=24.6
0.6x+y=24.6
APR stands for Annual Percentage Rate and in this problem, we are given APR is equal to 9.7%
Per month rate = 9.7% / 12 months = 0.808%
Total credit interest for 12 months = 958.62 *0.097 = $92.97
In one month = $92.97/12 = $7.7475
If you pay at the end of the first month:
Payment = 105.00
The amount goes to principal:
Amount =$105 - $ 7.7475
Amount = $142.25
