The value of x is 8
Hope this helps
The price of the truck is 4500 dollars.
But he paid it into breakdown:
=> 1500 dollars first payment
=> 350 dollars = 10 months => 350 * 10 = 3500 dollars
=> Total = 3500 + 1500 = 5000 dollars
=> 5000 - 4500 = 500 dollars additional for 10 months
=> 500 / 10 = 50 dollars per month
=> 50 * 12 = 600 dollars for 1 year
=> 600 / 4500 = 13.33% of the yearly interest.
I think the answer is 1/23
Please tell me if I'm wrong.
