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3 years ago

1) through: (4,-4), slope = -2

Mathematics

1 answer:

hram777 [196]3 years ago

6 0

Answer:

y = -2x + 4

Step-by-step explanation:

y = mx + b

(4,-4)

b = y - mx = -4 - (-2)*4 = 4

y = -2x + 4

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1/6 +3/8 = in simplest form

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Installment Buying TV Town sells a big screen smart HDTV for $600 down and monthly payments of $30 for the next 3 years. If the

VikaD [51]

Answer:

(a). $1465.42

(b). $214.58

Step-by-step explanation:

We have been given that installment Buying TV Town sells a big screen smart HDTV for $600 down and monthly payments of $30 for the next 3 years. The interest rate is 1.25% per month on the unpaid balance.

(a) To find the cost of the TV, we will use monthly payment formula.

$R=\frac{Pi}{1-(1+i)^{-n}}$ , where,

R = Periodic payment,

P = Loan amount,

i = Monthly interest rate in decimal form,

n = Number of total payments.

$n=3\times 12=36$

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$30=\frac{P*0.0125}{1-(1+0.0125)^{-36}}$

$30=\frac{0.0125P}{1-(1.0125)^{-36}}$

$30=\frac{0.0125P}{1-0.6394091578134724264}$

$30=\frac{0.0125P}{0.3605908421865275736}$

$10.817725265595827208=0.0125P$

$0.0125P=10.817725265595827208$

$P=\frac{10.817725265595827208}{0.0125}$

$P=865.41802124766617664$

$P\approx 865.42$

We know that total cost of TV would be equal to down payment plus amount of loan that is:

$865.42+600=1465.42$

Therefore, the total cost of the TV would be $1465.42.

(b). First of all, we need to find total amount paid in 3 years by multiplying amount of each monthly payment by 36 (3 years equal to 36 months).

$\$30\times 36=\$1080$

To find the total amount of interest paid, we will subtract amount of loan from total payment.

$\$1080-\$865.42=\$214.58$

Therefore, the total amount paid in interest would be $214.58.

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4 years ago

P= 9414<br> R= 0.0240<br> T= 36<br><br> What is I= Prt

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Answer:

I = 8,133.70

Step-by-step explanation:

The formula for calculating simple interest is given as :

I = Prt

P = 9414

r = 0.0240

t = 36

to find I , all we need do is to substitute the given value into the formula , that is :

$I = 9414(0.0240)(36)$

I = 8133.696

I = 8,133.70

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