Loan Amount: $13,000
Method of payment: discount basis
Amount of Interest: $625
<span>Term of loan: 1 year
Solution:
=> 13 000 + 625 (interest) = 13 625 dollars.
=> </span>13 625 dollars / 12 months = 1135.42 dollars monthly
How can expressions be written and evaluated to solve for unknowns in the real world?
Writing expressions requires figuring out which quantity in a situation is unknown, and define a variable to represent that quantitiy.
We look for words in the problem that will help us out what kind of operation to use in a given situation.
Example:
Donna bought 5 chocolate bars, and then ate some. Write an expression to represent how many chocolate bars Donna has left.
If we let the variable c represent the number of chocolates Donna has eaten, then we can write the expression on how many bars Donna has left as: 5 - c
Answer:
The answer to the question is -16.
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