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noname [10]
3 years ago
10

Which has a higher cost of credit, a $12,000.00 loan for 3 years at 28.8% interest or a $24,000.00 loan for 3 years at 14.4% int

erest?
The cost of credit is the amount that a person pays over and above the amount borrowed.



P is the principal, r is the interest rate,
m is the number of monthly payments,
M is the monthly payment
A.
There is not enough information to calculate the cost of credit.
B.
A $24,000.00 loan for 3 years at 14.4% interest has a higher cost of credit.
C.
A $12,000.00 loan for 3 years at 28.8% interest has a higher cost of credit.

Mathematics
1 answer:
Tpy6a [65]3 years ago
7 0

Answer:

B

Step-by-step explanation:

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Answer:

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To find inverse, first interchange the roles of x and y :

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Now, solve for y :

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b) To find coordinates of f(x) :

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First take y = 0 then take x = 0

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To find coordinates of inverse function of x :

y=x^3-15\cdot x^2+75\cdot x-125

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c)  f(x) is defined for every real number.

⇒ Domain : -∞ < x < ∞

and Range : -∞ < f(x) < ∞

And inverse function of x is also defined for every real number :

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natima [27]

Answer:

Step-by-step explanation:

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hope it helps :)

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