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Sav [38]
3 years ago
6

Find I. Choose the correct answer. Amount Financed (m) = $1,400 Number of Payments per year (y) = 12 Number of Payments (n) = 24

Total Interest (c) = $200.50
I =
Mathematics
2 answers:
kirill115 [55]3 years ago
8 0
Hi there!

The answer to your problem is I = 13.7%

Your friend, ASIAX
Ugo [173]3 years ago
3 0
If m is the amount financed and P is the periodic payment, m = P\cdot\dfrac{1 - v^{n}}{i}. This is the standard formula for periodic payment over time for level interest. You are given m = 1400 You are given n = 24 You are ALMOST given P. You can figure it out. P = (1400 + 200.50)/24 = 1600.50/24 = 66.69 You're almost done. There are two things yet to do.
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You saved $10,943.89 in an emergency fund. One fourth is in a regular savings account at a 3.5% APR, and the remainder is in a 3
labwork [276]
I found the same question on the internet and their answer is $9.76, which is obviously not in your choices. They deducted both given interest rates before multiplying it to the emergency fund amount and dividing it by 12 months.

   4.57%−3.5%
   =1.07%
   (0.0107×10,943.89)÷12
   =9.76

Another possible answer is $22.96 using 30 days / 365 days in a year.

Savings: 10,943.89 x (1/4) x 3.5% x (30/365) = $7.87
CD: 10,943.89 x the remainder (3/4) x 4.57% x (30/365) = $30.83

The difference between the two values: 30.83 - 7.87 = $ 22.96: so the first choice (I'm not so sure though)
6 0
3 years ago
Read 2 more answers
Jim has driven 276 miles of his road trip and has 70% of the trip left to go. How many more miles does Jim have to drive to get
Sergeeva-Olga [200]

Based on the number of miles that Jim has driven of his road trip, and the percentage driven, the number of miles left for Jim to get to his destination is 644 miles

<h3>How to find the miles left?</h3>

Jim has driven 276 miles and still has 70% of the trip to go. This means that the percentage driven is:
= 1 - 70%

= 30%

The total miles to be driven is:
= 276 / 0.3

= 920 miles

The number of miles left for Jim to reach his destination is:
= 920 - 276

= 644 miles

Find out more on miles left till destination at brainly.com/question/3451650

#SPJ1

4 0
1 year ago
Solve the system by substitution.<br> [-2.5x+y = 13.5<br> 12.25x - y=-12.25
IrinaK [193]

Answer:

x = 5/39 , y = 539/39

Step-by-step explanation:

Solve the following system:

{y - 2.5 x = 13.5

12.25 x - y = -12.25

In the first equation, look to solve for y:

{y - 2.5 x = 13.5

12.25 x - y = -12.25

y - 2.5 x = y - (5 x)/2 and 13.5 = 27/2:

y - (5 x)/2 = 27/2

Add (5 x)/2 to both sides:

{y = 1/2 (5 x + 27)

12.25 x - y = -12.25

Substitute y = 1/2 (5 x + 27) into the second equation:

{y = 1/2 (5 x + 27)

1/2 (-5 x - 27) + 12.25 x = -12.25

(-5 x - 27)/2 + 12.25 x = 12.25 x + (-(5 x)/2 - 27/2) = 9.75 x - 27/2:

{y = 1/2 (5 x + 27)

9.75 x - 27/2 = -12.25

In the second equation, look to solve for x:

{y = 1/2 (5 x + 27)

9.75 x - 27/2 = -12.25

9.75 x - 27/2 = (39 x)/4 - 27/2 and -12.25 = -49/4:

(39 x)/4 - 27/2 = -49/4

Add 27/2 to both sides:

{y = 1/2 (5 x + 27)

(39 x)/4 = 5/4

Multiply both sides by 4/39:

{y = 1/2 (5 x + 27)

x = 5/39

Substitute x = 5/39 into the first equation:

{y = 539/39

x = 5/39

Collect results in alphabetical order:

Answer: {x = 5/39 , y = 539/39

5 0
3 years ago
How many solutions are there to the equation below?
Elza [17]

Answer:

no solution

Step-by-step explanation:

heres why:

Let's solve your equation step-by-step.

4x−9(x+1)=20−5x

Step 1: Simplify both sides of the equation.

4x−9(x+1)=20−5x

4x+(−9)(x)+(−9)(1)=20+−5x(Distribute)

4x+−9x+−9=20+−5x

(4x+−9x)+(−9)=−5x+20(Combine Like Terms)

−5x+−9=−5x+20

−5x−9=−5x+20

Step 2: Add 5x to both sides.

−5x−9+5x=−5x+20+5x

−9=20

Step 3: Add 9 to both sides.

−9+9=20+9

0=29

so there are no solution

4 0
3 years ago
Solve for the measure of c. Round decimals to the nearest tenth.
larisa86 [58]
Do you know the answer to this mate ?

8 0
3 years ago
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