Suppose you borrow $500 and you plan to pay it back all at once in 5 years. You are charged 2% interest compounded monthly.
1 answer:
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Using a system of equation, we have that:
a)
- x, which is the cost of on-site service.
- y, which is the cost of at-store service.
- z, which is the cost of by-mail service.
b)
The system is:
c)
The cost of one on-site repair service is of $90.
Item a:
The variables are:
- x, which is the cost of on-site service.
- y, which is the cost of at-store service.
- z, which is the cost of by-mail service.
Item b:
On-site service costs <u>3 times as much as at-store service</u>, thus:
By mail service costs <u>$10 less than at-store</u> service, thus:
Last week, the shop completed <u>15 services on-site, 40 services at-store, and 5 services by mail for total sales of $3100</u>, thus:
The system is:
Item c:
- The cost of one on-site repair service is x.
- First, replacing the first two equations into the third, we find y, and then with it we find x.
Then
The cost of one on-site repair service is of $90.
A similar problem is given at brainly.com/question/24823220
