Answer:
The answer I got was D 215605/1000
Answer:
Step-by-step explanation:
<u>Let the numbers be x, y and z</u>
- x + y + z = 24
- 2y = z + 2
- z = x + y
<u>Solving by substitution:</u>
- x + y + z = z + z = 24
- 2z = 24
- z = 12
- 2y = z + 2
- 2y = 12 + 2
- 2y = 14
- y = 7
- z = x + y
- x = z - y
- x = 12 - 7 = 5
<u>The answer:</u>
Answer:

Step-by-step explanation:
Mrs. Siebenaller bought a bus for 25,000 with a 7% interest rate and she gets a loan payoff of 60 months,
We know that,
![\text{PV of annuity}=P\left[\dfrac{1-(1+r)^{-n}}{r}\right]](https://tex.z-dn.net/?f=%5Ctext%7BPV%20of%20annuity%7D%3DP%5Cleft%5B%5Cdfrac%7B1-%281%2Br%29%5E%7B-n%7D%7D%7Br%7D%5Cright%5D)
Where,
PV = Present value of annuity = 25000,
r = rate of interest of each period =
% monthly
n = number of periods = 60 months,
Putting the values,
![\Rightarrow 25000=P\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]](https://tex.z-dn.net/?f=%5CRightarrow%2025000%3DP%5Cleft%5B%5Cdfrac%7B1-%281%2B%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B-60%7D%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5Cright%5D)
![\Rightarrow P=\dfrac{25000}{\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]}](https://tex.z-dn.net/?f=%5CRightarrow%20P%3D%5Cdfrac%7B25000%7D%7B%5Cleft%5B%5Cdfrac%7B1-%281%2B%5Cfrac%7B0.07%7D%7B12%7D%29%5E%7B-60%7D%7D%7B%5Cfrac%7B0.07%7D%7B12%7D%7D%5Cright%5D%7D)

Hence total amount paid is,

Therefore interest amount is,

2.8y + 6 + 0.2y = 5y - 14
(Simplify like terms in first half of equation)
3y + 6 = 5y - 14
(Subtract both sides by 3y)
6 = 2y - 14
(Flip)
2y - 14 = 6
(Add both sides by 14)
2y = 20
(Divide both sides by 2)
y=10
Not really sure but hope this helps