Answer:
$1200 interest
Step-by-step explanation:
$30,000 divided by 100 = 300 , 300 multipled by 4 = 1200 , thats how to find what 4% would be
In the monthly payment formula r is the percentage rate as a decimal.
To turn a percentage into a decimal, move the decimal point 2 places to the left.
5.7% becomes 0.057
The number of miles in a day at which the rental costs for Company A and Company B are the same is 140 miles
<h3>Rental cost</h3>
Let
Company A:
90 + 0.20x
Company B:
20 + 0.70x
90 + 0.20x = 20 + 0.70x
90 - 20 = 0.70x - 0.20x
70 = 0.50x
- Divide both sides by 0.50
x = 70/0.50
x = 140 miles
Therefore, the number of miles in a day at which the rental costs for Company A and Company B are the same is 140 miles
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