Answer:
<h2>x = 5.7</h2>Step-by-step explanation:
To find x first cross multiply
We have
7x = 8 × 5
7x = 40
Divide both sides by 7
That's
x = 5.7142
We have the final answer as
<h3>x = 5.7 to the nearest tenth</h3>Hope this helps you
Help needed. Only 1-5 is needed help on plz and ty
1 answer:
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R = monthly loan rate = 5.7 / 1200 =
<span>
<span>
<span>
0.00475
</span>
</span>
</span>
n - number of payments
p - principal
Total Loan Cost = (r * p * n) / [1-(1+r)^-n]
Total Loan Cost = ( <span> <span> <span> 0.00475 </span> </span> </span> * 100,000 * 24) / [1 -(1<span>.00475)^-24]
</span>Total Loan Cost = 11,400 / 1 -(1.00475^-24)
Total Loan Cost = 11,400 / 1 -<span><span>.8924988049 </span>
</span><span>Total Loan Cost = 11,400 / </span> <span> <span> <span> 0.1075011951 </span> </span> </span>
Total Loan Cost = <span> <span> <span> 106,045.33 </span> </span> </span>
Source:
http://www.1728.org/loanfrm4.htm
n - number of payments
p - principal
Total Loan Cost = (r * p * n) / [1-(1+r)^-n]
Total Loan Cost = ( <span> <span> <span> 0.00475 </span> </span> </span> * 100,000 * 24) / [1 -(1<span>.00475)^-24]
</span>Total Loan Cost = 11,400 / 1 -(1.00475^-24)
Total Loan Cost = 11,400 / 1 -<span><span>.8924988049 </span>
</span><span>Total Loan Cost = 11,400 / </span> <span> <span> <span> 0.1075011951 </span> </span> </span>
Total Loan Cost = <span> <span> <span> 106,045.33 </span> </span> </span>
Source:
http://www.1728.org/loanfrm4.htm