Assume the number we are looking for in n
we want to know the value of n that makes 1/7 divided by n is 14
Transforming this to an equation:
(1/7) / n = 14
this means that:
1/7 = 14n
1 = 7 x 14n
1 = 98n
n = 1/98
Therefore:
1/7 divided by 1/98 will give us 14
APR=(2yc)÷(m×(n+1))
APR=(2×12×60,000)÷(120,000×(360+1))
=0.0332×100=3.32%
Company A : C = 35D + 15....C is total cost and D is number of days
company B : C = 42D + 10...C is total cost and D is number of days
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which company charges less for renting for 6 days
company A :
C = 35(6) + 15 = 225
company B :
C = 42(6) + 10 = 262
so company A charges less when renting for 6 days
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for 10 days...
company A :
C = 35(10) + 15 = 365
company B :
C = 42(10) + 10 = 430
so there would be (430 - 365) = 65 saved when using company A instead of company B
