Answer:
thats the equation for slope-intercept form
Step-by-step explanation:
m is the slope and b is where the line intercepts on the y axis
It would be 1,200 because you just have to multiply 400 times 3 hope it helped :)
Let the number be x.
x*x*x = 54
x³ = 54 Taking cube roots
x = ∛54
x ≈ 3.780
If he starts paying after four years, the worth of the loans by then is b. $31,616.16
<h3>What is a Loan?</h3>
This refers to the amount collected from a lender to be repaid after a given time, usually with added interest.
Hence, we can see that:
The effective monthly interest rate is:
i = 0.053/12 = 0.0044
The effective annual interest rate is:
i = (1 + 0.0044)^12 -1 = 0.0543
The present worth of all the loans is:
P = 6125 + 6125 (1 + 0.0543)^-1 + 6125 (1 + 0.0543)^-2 + 6125(1 + 0.0543)^-3
P = $22,671.40
If he pays them prompty, then the total lifetime cost would be
P = 22671.40 (1 + 0.0543)^4 = $31,616.16
Read more about loans here:
brainly.com/question/2363571
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