Answer:
$106
Step-by-step explanation:
The formula given for Monthly payment of a loan =
P × [ r (1 + r)/(1 + r)^n - 1
Where
r = interest rate
n = number of monthly payments
P = Present value of the loan
From the question,
r = interest rate, we were told to ignore hence, r = 0
P = $3,175
n = 30
Hence,
Amount to be paid monthly = P/n
= $3175/30
= $105.83
Approximately to the nearest dollars
= $106
Answer:
y = $15.5x
Step-by-step explanation:
Given that
Tim earns $31 after 2 hours
$46.5 earns after 3 hours,
And, $62 earns after four hours
So first determine the each hour earnings i.e.
= $31 ÷ 2
= $15.5
In two hours it would be $31 and so on
So here the equation would be
y = $15.5x
Here
y = money amount
x = number of hours
Answer:95
Step-by-step explanation:2x19=38
5x19=95
