1. The problem gives the residual value in percentage, and you need it in dollars. So, if the MSRP for the car Jennifer is leasing is $ 17,500, you have:
57%/100=0.57
residual value=$17,500*0.57= $9,975
2. Then, you need to substract the residual value and the lease term, to calculate the value of the car, as below:
car value=$17,500-$9,975=$7,525
3. You need to calculate the money factor, which is the interest rate divided by 2400. Then, you have:
Interest rate=9%/100=0.09
Money factor=0.09x2400
Money factor=0.00375
4. The interest is:
I=($17,500+$9,975)(0.00375)
I=$103.03
5. Therefore, the monthly payment is:
Monthly payment=(car value/36 months)+Interest
Monthly payment=($7,525/36)+$103.03
Monthly payment=$209.02+$103.03
Monthly payment=$312.06
What will Jennifer’s monthly lease payment be?
The answer is: d. $312.06
A
This is because 4x18 = 72
Hope this helps
You can use bar graphs to compare quantities in real life situations by comparing different amounts, ex. you might use them for comparing different prices at a coffee shops around the world or different types of dogs you see at a park on a sunny day. You can really use bar graphs for comparing anything.
Answer: Yes; this is polynomial.
Specifically, it is a "polynomial EXPRESSION" ; but not a "polynomial equation" ; because it is not an "equation.
There are more than one variables/variable expressions, so it is a polynomial.
