Answer:
33.33%
Step-by-step explanation:
<u>Answer:</u> The value of x can be either 5 or 10.
<u>Step-by-step explanation:</u>
We are given:
Total profit, P = $5600
The given equation follows:
⇒ P = 600 + 1500x - 100x²
Putting value of P in above equation, we get:
⇒ -100x² + 1500x + 600 = 5600
⇒ -100x² + 1500x - 5000 = 0
⇒ 100x² - 1500x + 5000 = 0
Solving this equation by middle term split, we get:
⇒ 100(x² - 15x + 50) = 0
⇒ (x² - 10x - 5x + 50) = 0
⇒ x(x - 10) - 5(x -10) = 0
⇒ (x - 10)(x - 5) = 0
⇒ x = 10, 5
Hence, the value of x can be either 5 or 10.
Answer:
Hope this helps!
Step-by-step explanation:
We will need the loan payment formula:
That formula is really complex and we expect you to solve it.
Your monthly payment would be $1.93 per month for 6 years making the TOTAL loan cost 1.93 * 12 * 6 = 138.96
Since the principal you borrowed is $120 the total interest =
(138.96 minus 120.00) which equals $18.96
