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hjlf
3 years ago
12

Carlos pays $25 for skis and borrows the remaining amount. The loan payments are $75 every 3 months for 1/1/2 years. The interes

t rate is 16.2%/a compounded quarterly. What was the selling price of the skis?
Mathematics
1 answer:
34kurt3 years ago
7 0

Answer:

$417.52

Step-by-step explanation:

Present value of annuity = P * {1-[1/(1+r)^n]/r}

P =Periodic payment i.e. 75

r = rate of interest per period i.e. 16.2% /4 = 4.05% or 0.0405

n =no. of compounding period i.e. 1.50*4 =6

Present value of annuity = Loan amount

Present value of annuity = 75 * {1-[1/(1+0.0405)^6]/0.0405}

Present value of annuity = 75 * {1-[1/(1.0405)^6]/0.0405}

Present value of annuity = 75 * {1-[1/1.268973)/0.0405}

Present value of annuity = 75 * (1-0.78804)/0.0405

Present value of annuity = 75 * (0.21196/0.0405)

Present value of annuity = 75 * 5.23361

Present value of annuity = 392.52

Loan amount = $392.52

Selling price = $392.52 + $25.00

Selling price = $417.52

Thus, the selling price of the skis is $417.52

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Eddi Din [679]
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4 0
3 years ago
A strobe light is located at the center of a square dance room. the rotating light is 40 feet from each of the square walls and
Effectus [21]

The equation of the rotating light is an illustration of a secant function

The equation that represents the distance between the center of the circle and the light source is d(t) = 40\sec(\frac{\pi}{3}t)

<h3>How to determine the equation</h3>

The equation is a secant function represented by

y =A\sec(Bt)

Where:

A represents the amplitude

So, we have:

A = 40 --- the distance of the light from each square wall

B represents the period, and it is calculated as:

B = \frac{2\pi}{T}

The light completes its full rotation every 6 seconds.

This means that,

T = 6

So, we have:

B = \frac{2\pi}{6}

Simplify

B = \frac{\pi}{3}

Substitute values for A and B in y =A\sec(Bt)

y = 40\sec(\frac{\pi}{3}t)

Rewrite as a function

d(t) = 40\sec(\frac{\pi}{3}t)

Hence, the equation that represents the distance between the center of the circle and the light source is d(t) = 40\sec(\frac{\pi}{3}t)

Read more about trigonometry functions at:

brainly.com/question/1143565

5 0
3 years ago
Find all values of x that make the triangles congruent. Explain your reasoning.
RSB [31]

Answer:

x = \frac{4}{5},5

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If both the triangles ΔABC and ΔBCD are congruent,

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\frac{5x}{3x+10}=\frac{5x-2}{4x+3}

5x(4x + 3) = (5x - 2)(3x + 10)

20x² + 15x = 15x² + 50x - 6x - 20

20x² + 15x = 15x² + 44x - 20

20x² - 15x² = 44x - 15x - 20

5x² = 29x - 20

5x² - 29x + 20 = 0

5x² - 25x - 4x + 20 = 0

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(5x - 4)(x - 5) = 0

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3 0
3 years ago
Dali rolled up his painting and placed it in a cylinder 2 inches diameter. If the cylinder is 20 inches long find its volume. Ro
alekssr [168]

Answer:

The correct answer is 63 cubic inches.

Step-by-step explanation:

Dali rolled up his painting and placed it in a cylinder 2 inches diameter.

Diameter of the painting is 2 inches. This also implies diameter of the cylinder is 2 inches.

Radius of the cylinder is 1 inch.

Length of the cylinder is 20 inches.

Volume of the cylinder is given by π × r^{2} × h =  π × 1^{2} × 20 = 20π = 62.85 cubic inches ≈ 63 cubic inches.

Therefore the volume of the cylinder in which Dali placed his painting is given by 63 cubic inches.

3 0
4 years ago
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hjlf

It's suppose to be -18 so I guess no real number....

4 0
4 years ago
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