Find -x+10 less than 0
2 answers:
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Option C
Monthly loan payment is $ 93.33
<em><u>Solution:</u></em>
From given question,
Cost of sailboat = $ 3000
Down payment = $ 1000
<em><u>Hence net principal is given as:</u></em>
net principal = p = $ 3000 - $ 1000 = $ 2000
p = $ 2000
The bank approved a simple interest flat rate loan for 2 years at 6% APR
Hence number of years = 2 years
Rate of interest = 6 %
<em><u>Let us first calculate the simple interest</u></em>
The formula for simple interest is given as:
Substituting the given values,
Thus simple interest = $ 240
Total amount payable = principal + simple interest
Total amount payable = $ 2000 + $ 240
Total amount payable = $ 2240
<em><u>How much are the monthly loan payments?</u></em>
Here number of years = 2 years
To calculate the monthly payment divide the total amount payable by 24 (since 2 year = 24 months )
Thus monthly loan payment is $ 93.33 Option C is correct
Answer:
I'm going to use the following as an example.
To find the y-intercept, set x equal to 0 then solve for y.
two times zero is zero, so we have the following equation.
Solve for y
Your first point you will graph is (0, 2).
Now solve for the x intercept. To do this, set y = 0.
4(0) = 0, so you can remove it, and solve for x.
Now the next point you have is (4, 0). plot that point. Connect the two points with a line and you are done.