Each group of 2 nickels and 1 quarter has a value of $0.35. Rachelle has $6.30/$0.35 = 18 such groups.
Rachelle has 18 quarters and 36 nickels.
$25.12
Work:
23.99+3.60=27.59
27.59-4.51=23.08
23.08+0.95=24.03
24.03+2.17=26.20
26.20-1.08=25.12
Answer:
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Answer:
<h2>x = 2</h2>
Step-by-step explanation:
To find 
, we need to solve the equation
Where 
and 
.
Replacing expressions, we have
Now, we can find the value of each expression.
Original debt = $589
APR = 29.99%
The monthly rate is 0.2999/12 = 0.02499
After 1 month:
Amount owed = 589*1.02499 = $603.72
5% payment = 0.05*603.72 = $30.187
New balance = $603.72 - 30.187 = $573.53
After 2 months:
Amount owed = 573.53*1.02499 = $587.87
5% payment = 0.05*587.87 = $29.39
New balance = 587.87 - 29.39 = $558.48
After 3 months:
Amount owed = 558.48*1.02499 = $572.44
5% payment = 0.05*572.44 = $28.62
New balance = 572.43 - 28.62 = $543.82
Answer: $543.82
