Answer:
$720
$360
Step-by-step explanation:
Let the cost of couch be A and that of coffee table be B
Given couch and coffee table cost $1080
That’s
A + B = $1080
Also, the cost of couch A is 2 times the cost of coffeee table B.
That’s
A = 2B
We now have two equations
A + B = 1080
A = 2B
Now ,substitute 2B for A in the first equation .
We have
A + B = 1080
2B + B = 1080
3B = 1080
Divide both sides by 3
3B/3 = 1080/3
B = 360
The coffee table cost $360
Remember A = 2B
Therefore
A = 2 x $360
A = $720
The couch cost $720 while the coffee table cost $360
Let the first and smaller number be x. Since the second number is 5 times the first, the second number is 5x. We also know both of these numbers must add to 50; thus, we can create the following equation.
Combine like terms
Divide both sides by 6
This is the value of the first number. The number you're looking for isn't specified in the question description, so I'll just provide the value of the second number. The second number has to be 5 times the first.
Thus, we just multiply 5 to x.
That's the value of the second number.
For this case we must simplify the following expression:
We apply distributive property on the left side of the equation:
We subtract 3n from both sides of the equation:
We subtract 6 from both sides of the equation:
We divide between 45 on both sides of the equation:
Answer:
10 + 15x + x + 10
= 16x + 20
Since the problem is requiring us to use the loan repayment calculator and here is what the calculator gave:
Loan Balance: $25,506.00
Adjusted Loan Balance: $25,506.00
Loan Interest Rate: 6.80%
Loan Fees: 0.00%
Loan Term: 10 years
Minimum Payment: $0.00
Monthly Loan Payment: $293.52
Number of Payments: 120 months
Cumulative Payments: $35,223.07
Total Interest Paid: $9,717.07
It is projected that you will need an annual salary of a minimum $35,222.40 to be capable to have enough money to repay this loan. This approximation assumes that 10% of your gross monthly income will be keen to repaying your student loans. This resembles to a debt-to-income ratio of 0.7. If you use 15% of your gross monthly income to repay the loan, you will need an annual salary of only $23,481.60, but you may experience some financial difficulty. This corresponds to a debt-to-income ratio of 1.1.
