Passing through point (4, 9) and perpendicular to the line y= -1/5x -3
1 answer:
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Using the monthly payment formula, it is found that:
- Her monthly payments are of $105.46.
- The total finance charge is of $3,111.04.
It is given by:
In which:
- P is the initial amount.
- r is the interest rate.
- n is the number of payments.
Considering that she must pay 20% down, the parameters are given by:
P = 0.8 x 2900 = 2320, r/12 = 0.085/12 = 0.007083, n = 24.
Hence the monthly payments are found as follows:
A = $105.46.
The total finance charge is composed by the <u>down payment plus the 24 monthly payments</u>, hence:
F = 0.2 x 2900 + 24 x 105.46 = $3,111.04.
More can be learned about the monthly payment formula at brainly.com/question/26267630
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The choices b and c are equivalent to .
Step-by-step explanation:
Step 1:
First, we need to bring the fraction to its simplest form. To do so, we divide the numerator and the denominator by the greatest factor.
The greatest factor for 4 and 6 is 2. So we divide it by 2.
So .
Step 2:
Similarly, we need to do the same for all the given four options.
a. , the greatest factor for 2 and 4 is 2. So we divide the fraction by 2.
So .
b. , the greatest common factor for 8 and 12 is 4. So we divide the fraction by 4.
So .
For options c and d, 1 is the greatest factor so they cannot be simplified. They remain as they are.
Step 3:
So options b and c are equal to the simplification of i.e.
.