Answer:
y = 1/2 x - 3
Step-by-step explanation:
Answer: Y=mx+b
m=-4/5
Step-by-step explanation:
Please provide the formula for me to answer
In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
Answer:
12
Step-by-step explanation:
Let the number = x
7x + 1 = 5x + 25 Subtract 5x from both sides.
7x - 5x + 1 = 5x - 5x + 25 Combine
2x + 1 = 25 Subtract 1 from both sides.
2x + 1 - 1 = 25-1 Combine
2x = 24 Divide by 2
2x/2 = 24/2
x = 12
