How much interest will Henry save if he finances the vehicle over 36 months instead?
1 answer:
Answer:
❣️Marlon wants to save money over a long period of time. He does not need to have easy access to the money, and he is worried about losing his investment. He would like to know the interest rate up front. Which of the following options would best suit his needs?
Marlon wants to save money over a long period of time. He does not need to have easy access to the money, and he is worried about losing his investment. He would like to know the interest rate up front. Which of the following options would best suit his needs?Bonds
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Answer:
Step-by-step explanation:
Arithmetic sequence:
Here a is the first term and d is the common difference.
⇒
------------(I)
⇒ a + 19d = 100 ---------(II)
Subtract equation (I) from (II)
(I1) a + 19d = 100
(II) a + 13d = 46
<u>- - -</u>
6d = 54
d = 54 ÷ 6
Substitute d = 9 in equation(I) and find 'a',
a + 13*9= 46
a + 117 = 46
a = 46 - 117
a = -71
= -71 + 18
= -53
= -71 + 54
= -17
= -71 + 9*n - 1 *9
= -71 + 9n - 9
= -71 - 9 + 9n
= - 80 + 9n