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Sergeeva-Olga [200]
3 years ago
13

Mike purchases a $22,000 car and plans to pay back the loan by making monthly payments over the course of 5 years. The interest

rate is 3%. Compute Mike’s monthly payments using the amortization formula.
$383.09
$395.32
$427.91
$442.63
Mathematics
1 answer:
lesya692 [45]3 years ago
5 0
Answer:
the second one
$395.32

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LekaFEV [45]

Answer:

<em>h=12, w=24, t=8</em>

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<u>System of Linear Equations </u>

We have 3 unknown variables and 3 conditions between them. They form a set of 3 equations with 3 variables.

We have the following data, being  

w = price of a sweatshirt

t = price of a T-shirt

h = price of a pair of shorts

19.

The first condition states the price of a sweatshirt is twice the price of a pair of shorts. We can write it as

\displaystyle w=2h

The second condition states the price of a T-shirt is $4 less than the price of a pair of shorts. We can write it as

\displaystyle t=h-4

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\displaystyle 3w+2h+5t=136

This is the system of equations we need to solve for w,t,h

20.

To solve the system, we replace w in terms of h and t in terms of h. Those relations have been already written, so

\displaystyle 3(2h)+2h+5(h-4)=136

Operating

\displaystyle 6h+2h+5h-20=136

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Solving for h

\displaystyle h=12

The other two variables are

\displaystyle w=2h=24

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