F (5,9)
You would divide everything by 5 then 9 over 5
Answer: 0.5
Step-by-step explanation: In this problem, we're asked to solve the following equation for <em>p. </em>Let's first switch 14 and 14p around so we have 14p + 14 = 21.
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To solve this equation for <em>p</em>, we must first isolate the term containing <em>p</em> which in this case is 14p.
Since 14 is being added to 14p, we need to subtract 14 from both sides of the equation.
14p + 14 = 21
-14 -14
On the left side of the equation, the positive 14 and negative 14 cancel each other out and we have 14p. On the right side of the equation, we hav 21 - 14 which gives us 7.
Now we have the equation 14p = 7.
Since <em>p</em> is being multiplied by 14, to get <em>p</em> by itself, we divide both sides of the equation by 14.
On the left side of the equation the 14's cancel and we are left with <em>p</em>. On the right side of the equation, 7 divided by 14 is 0.5 which is our answer.
Therefore, p = 0.5 which is the solution for our equation.
Remember, you can always check your solution by substituting a number in for a variable to make sure the equation is true.
Answer:
$297.41
Step-by-step explanation:
Given that:
Amount = 9270
Derferred period = 6 months = 0.5 yr
Rate = 17.95% = 0.1795
Amount = 9270(1 + 0.1795)^0.5
Amount = 9270(1.1795)^0.5
Amount = 10067.663
PV = 10067.663
Number of months, n = 48
Monthly amount to be paid :
rp = rate per period = 0.1795/12 = 0.0149583
(rp * PV) / 1 - (1 + rp)^-n
(0.0149583 * 10067.663) / 1 - (1 + 0.0149583)^-48
150.5951234529 / 0.5096723
= 295.47441
Closest option is $297.41
