You want to buy a $35,000 car. The company is offering a 3% interest rate for 36 months (3 years). What will your monthly paymen
1 answer:
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- ➠ Principal = $ 35000
- ➠ Rate of interest = 3%
- ➠ Time = 3 yrs (36 months)
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Answer:
The equation of the line is
Step-by-step explanation:
The general for of a line is:
(1)
where:
is the slope of the line and
is the intercept with the axis of the dependent variable,
in this case.
In order to obtain the value of the slope () we can use the corresponding slope formula:
(2)
where and
are the corresponding coordinates of the given points. In this case:
Substituting these values in equation (2) we obtain:
Hence, the line equation is now:
(3)
Now to obtain the value of you can follow two options:
- You can substitute one of your points,
or
, in equation (3). In this way, you will obtain an equation where the variable is
Note that for this question, it is easier to select point A because of having the independent variable equals to zero . Hence, substituting point A in equation (3):
Therefore, the line equation is:
The second option to find is to think of the meaning of the <em>intercept</em>. The <em>intercept </em>of a line is defined as the point in which the line crosses the axis of the dependent variable, which also means that the value of the independent variable for this point is zero. From this, we could have automatically said that
is equal to
.
See the attachment for a plot of the line.
Answer/Explanation:
Without the expressions given, answer by referencing these steps.
4 = 4/1
When multiplying fractions, multiply both numerators and both denominators to get the answer.
In the answer, you may simplify if there are common factors in both the top and bottom number. In this case, 12 and 5 do not have a common factor and is already in the most simplified form.