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Marat540 [252]
2 years ago
9

Answer part C. I want step by step on this problem.

Mathematics
1 answer:
elixir [45]2 years ago
4 0

Answer:

Rate = 58007956.5217

Step-by-step explanation:

Solving (c): The rate of change:

In this concept, the formula to use is:

Rate = \frac{V2 - V1}{t2 - t1}

Where

(t1,v1) = (0,62817000) ----- In 2004

(t2,v2) = (23,1397000000) ------ In 2026

So, we have:

Rate = \frac{1397000000 - 62817000}{23 - 0}

Rate = \frac{1334183000}{23}

Rate = 58007956.5217

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4 years=48 months

A new car costs 25,000, but she will get 13,000 for her used car as long as she takes good car of it. If she takes good care of her used car and gets 13,000 for it, she will only need to save 12,000 total. We can divide 12,000 by 48 to find out how much Courtney should save minimum each month to afford her new car. 12,000/48=250

You can check to see if this is correct by multiplying 48*250=12,000. Paying 250 for each month of the 48 months will equal the $12,000 that Courtney needs.

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I hope this helps :)

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