Please help thank you.
1 answer:
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Answer:
One piece is inches and another piece is
inches
Step-by-step explanation:
Let smaller piece length be
Let larger piece length be
Since total of two pieces is 43, we can write:
Also, one piece is twice as long as the other (so longer piece is definitely twice as the short piece), we can write:
<em>Substituting equation 2 into equation one, we can solve for s:</em>
<em>Thus longer piece is:</em>
Using simple interest, it is found that:
- The total amount paid was of $7,084.8.
- The finance charge was of $584.8.
- The simple interest rate was of 3%.
Simple interest is used when there is a single compounding per time period.
The amount of interest after t years in is modeled by:
In which:
- P is the initial amount.
- r is the interest rate, as a decimal.
In this problem, the amount paid was of 36 monthly payments of
$196.80, hence:
36 x 196.80 = $7084.8.
The total amount paid was of $7,084.8.
The original price is of $6,500, hence the finance charge was of:
7084.8 - 6500 = $584.8.
For interest, we have that:
, hence:
The simple interest rate was of 3%.
More can be learned about simple interest at brainly.com/question/25296782