Answer:
The answer is B because the numbers in the geometric sequence are being multiplied by 2.
The total amount repaid will be
.. monthly payment × number of months
.. = $2,160 × 360
.. = $777,600
Subtracting the amount of the principal that was repaid gives the interest.
.. $777,600 -360,000 = $417,600 . . . . total interest paid
Sure i can help where is it?
The month in which Company B's payment will first exceed Company A's payment is C) Month 7.
Step-by-step explanation:
Step 1:
Company A offers $6,000 for the first month and increases the salary each month by $5,000.
Company B offers $700 for the first month but doubles the payments each month.
We need to determine which month company B's payment is greater than company A's payment.
Step 2:
According to the table, at month 6 company A pays $31,000 while company B pays $22,400.
However after this month, in the seventh-month company A pays $36,000 while company B pays $44,800, which is higher than company A's salary.
So The month in which Company B's payment will first exceed Company A's payment is C) Month 7.
Answer:
(1, 2 )
Step-by-step explanation:
Given the 2 equations
y = - 3x + 5 → (1)
y = 4x - 2 → (2)
Substitute y = 4x - 2 into (1)
4x - 2 = - 3x + 5 ( add 3x to both sides )
7x - 2 = 5 ( add 2 to both sides )
7x = 7 ( divide both sides by 7 )
x = 1
Substitute x = 1 into (2) for corresponding value of y
y = (4 × 1) - 2 = 4 - 2 = 2
Solution is (1, 2 )
