State the range of the graph and explain what the graph represents.
1 answer:
You might be interested in
Answer:
B
Step-by-step explanation:
The amortization period in months is:
30 years * 12 = 360 months
The monthly interest rate would be 5.25%/12 = 0.004375
The payment for monthly mortgage formula would be:
Where
E is the monthly mortgage payment
C is the cost of mortgage, cost is $150,000
r is the monthly rate of interest, which is 0.004375
n is the period, in months, which is 360
Substituting, we get our answer:
So, the correct answer is B
Let's assume
the price of each train ticket is x
we are given
total number of family members =5
so, total cost of ticket = total number of family members*the price of each ticket
so, total cost of ticket =5*x
so, total cost of ticket =5x
now, we have
each family member buys a boxed lunch for $6.50
so, total cost of lunch box = total number of family members*price of each lunch box
so, total cost of lunch box = 5*6.50
total cost of trip = total cost of ticket+total cost of lunch box
we are given
total cost of trip is $248.50
now, we can plug values
and we get
now, we can solve for x
so,
the price of each train ticket is $43.2..........Answer