Simplify by opening the bracket;
x(x^2+6y^2)
=
When handling problems of this nature make sure you setup the equations.
x = number of times they rent a boat.
Members
Cost = 105 + 9.50x
Non members because members don't have to pay the 105 we leave it out.
Cost = 14.75x
so now to determin when cost would be equal we set the two equations = to each other
105 + 9.50x = 14.75x
now solve for x
105 = 5.25x
20 = x
so they would have to rent 20 times to equal each other.
Answer:
Step-by-step explanation:
Expanding brackets.
Adding 2m and 6 to both sides.
Combining like terms.
Dividing both sides by 14.
<span>1.) Previous balance = 3529.30
APR = 18.6%, thus monthly interest rate = 18.6 / 12 = 1.55%
Previous balance + interest = 3529.30(1 + 0.0155) = 3584.00
New balance after transaction = 3584.00 + 148 = 3732.00
2.) Previous balance = 5834.53
APR = 20.4%, thus monthly interest rate = 1.7%
Previous balance - payment = 5834.53 - 150 = 5680.53
Balance + interest = 5634.53(1 + 0.017) = 5781.17
New balance after transaction = 5781.17 + 325 = 6106.17
3.) Total payment = 15264
Number of payments = 72 monthly payments
Monthly payment = 15264 / 72 = 212
4.) Amount bollowed = 7400 at 7% APR
Amount plus interest = 7400(1 + 0.07) = 7918
Monthly payment = 7918 / 12 = 659.83
</span>
So you would just have to divide 20/7 to get the percentage of it.
The answer would be 2.85%.
