The total cost of making a daily taco special for a restaurant is represented by the function C(t) = 2.5t +1, where t is the num
1 answer:
You might be interested in
Question 1:
y=-x+7
y=2x-2
(-x+7)=2x-2
-x+7+x=2x-2+x
7=2x-2+x
7+2=2x-2+x+2
9=3x
9/3=3x/3
3=x
y=-x+7
y=-(3)+7
y=4
Question 2:
y-1=2x
y+2x=5
y-1=2x
y-1+1=2x+1
y=2x
(2x+1)+2x=5
2x+1+2x=5
4x+1=5
4x+1-1=5-1
4x=4
4x/4=4/4
x=1
y-1=2(1)
y-1+1=2+1
y=3
Answer: x=1 y=3
y=-x+7
y=2x-2
(-x+7)=2x-2
-x+7+x=2x-2+x
7=2x-2+x
7+2=2x-2+x+2
9=3x
9/3=3x/3
3=x
y=-x+7
y=-(3)+7
y=4
Question 2:
y-1=2x
y+2x=5
y-1=2x
y-1+1=2x+1
y=2x
(2x+1)+2x=5
2x+1+2x=5
4x+1=5
4x+1-1=5-1
4x=4
4x/4=4/4
x=1
y-1=2(1)
y-1+1=2+1
y=3
Answer: x=1 y=3
First step is to get the average daily balance.
Take the sum of each day's balances.
If a payment has been made, the sign will be negative.
From Days 1 - 5 :
Day 1 = $200
Day 2 = $200
...
Day 5 = $200
That's $200 x 5 days = $1000
From Days 6 - 20 :
Day 6 = $350
Day 7 = $350
...
Days 20 = $350
That's $350 x 15 days = $5250
From Days 21 - 30 :
Day 21 = $150
Day 22 = $150
...
Day 30 = $150
That's $150 x 10 days = $1500
A total of :
$1000 + $5250 + $1500 = $7750
Now divide this total to the number of days to get the ADB or Average Daily Balance.
Next Step is to calculate for the finance charge using the formula :
where ADB is the average daily balance
r is the interest rate per day
d is the number of days or period given
From the problem, APR is 15.5%, it means that we need to divide the APR by 365 days.
So r = 0.155/365 = 0.000425
And we have d = 30 days
The charge will be :
Charge = 258.33 x 0.000425 x 30 = $3.29
The answer is $3.29