Answer:
y=9x+9
Step-by-step explanation:
Answer:
The Amount of tax paid on the cell phone is $11.9
Step-by-step explanation:
Given as :
The cost of the cell phone = x = $170
The tax rate of the cell phone = r = 7% of the phone cost
Let The Amount of tax paid on the cell phone = $y
<u>Now, According to question</u>
The Amount of tax paid on the cell phone = 7 % of cost of the cell phone
i.e y = 7% of x
Or, y =
× x
Or, y =
× $170
Or, y = 
∴ y = 7 × 1.7
i.e y = $11.9
So,The Amount of tax paid on the cell phone = y = $11.9
Hence, The Amount of tax paid on the cell phone is $11.9 Answer
Present Value of an annuity is given by the formular
PV = P(1 - (1 + r)^-n)/r; where PV = $28,000, r = 0.081/12 = 0.00675, n = 35 and P is the periodic (monthly) payment.
P = PVr/(1 - (1 + r)^-n) = (28,000 x 0.00675)/(1 - (1 + 0.00675)^-35) = 189/0.2098 = 900.90
Therefore, the monthly payment is $900.90