Answer:
9-foot piece is better deal by $0.03 per foot
Step-by-step explanation:
2.80/8 = $0.35 per foot (for 8-foot piece)
2.88/9 = $0.32 per foot (for 9-foot piece)
It depends on if the interest rate of 6% is nominal or not. The question doesn't specify. Let's assume that is is a nominal rate, compounded monthly.
Start with 100000 = x * a angle 132 at .5% per month
This becomes 100000 = x * (1-1.005^-132)/.005
Which becomes (100000(.005))/(1 - 1.005^-132) = x
So x is the PMT, which is 1036.70.
2x + (x+9) = 90
3x + 9= 90
3x= 81
x= 27
Now plug in 27 to (x+9)
27+9= 36
Final Answer = 36
