Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 5500
PMT monthly payment?
R interest rate 0.115
K compounded monthly 12
N time 5years
Solve the formula for PMT
PMT=Pv÷ [(1-(1+r/k)^(-kn))÷(r/k)]
PMT=5,500÷((1−(1+0.115÷12)^(
−12×5))÷(0.115÷12))
=120.95
So the answer is C
Hope it helps!
2000-1996=4 forks
2000-1745=255 knives
since there are extra spoons it is reversed-->2116-2000=116 spoons
the owner needs 4 forks,255 knives and there are 116 extra spoons
It is a part of slope form ( intercept