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Anastaziya [24]
3 years ago
14

Alana saved $1,200.00 to buy a pool table, but decided instead to charge it to her credit card. If the credit card had an intere

st rate of 13.5% for 6 months with no other fees, and she made no other purchases, what was her cost of credit of using the credit card instead of paying cash?
The cost of credit is the amount that a person pays over and above the amount borrowed.
P is the principal,
r is the interest rate,
m is the number of monthly payments,
M is the monthly payment

Mathematics
1 answer:
MrRa [10]3 years ago
8 0

Answer:

the answer is $47.70

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

Slope-Intercept Form: y = mx + b

m - slope

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Step 1: Define

y = -1/2x + 3/7

Point (-1, 0)

Step 2: Find parallel line

<em>Parallel lines have the same slope as the original but different y-intercepts.</em>

<em>m</em> = -1/2

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0 = 1/2 + b

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Step 3: Write parallel line

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Y = -27x + 577, where x represents the number of weeks and y represents the amount of money left in her account. After how many
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To solve this problem, plugin 145 where the y is located and then solve for x
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