9514 1404 393
Answer:
A) $1350
B) $5850
C) $162.50
Step-by-step explanation:
A) The interest is given by the formula ...
I = Prt
where P is the principal amount, r is the interest rate, and t is the number of years.
I = $4500×0.10×3 = $1350
The interest owed is $1350.
__
B) At maturity, the principal and interest are due. That amount is ...
$4500 +1350 = $5850
The maturity value is $5850.
__
C) If the maturity value is paid in 36 equal monthly installments, each is ...
$5850/36 = $162.50
The monthly payment is $162.50.
A positive number
This is because you must add to get from a negative number in order to get to a positive number.
Answer:
Step-by-step explanation:
Parallel lines have the same slope. The slope of the given line is 3. The easy way to do this, the one that uses our logical brains as opposed to our mathematical brain, tells us that since there is only one choice that has a given slope of 3, that is the one that we want. The second choice down is the only one that has a slope of 3.
Mathematically,
and
and
so
y = 3x - 7 (the second choice)