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Mariana [72]
2 years ago
5

Peter wants to borrow $3,000. He has two payment plans to choose from. Plan a charges 4% interest over 6 years. Plan b charges 5

% interest over 4 years. The formula mc024-1. Jpg can be used to calculate the monthly payment, m, where p is the principle amount borrowed, r is the interest rate expressed as a decimal, and t is the time of the loan, in years. Which statement best compares the plans?.
SAT
2 answers:
liberstina [14]2 years ago
8 0

Answer:

B

Explanation:

Plan A has a monthly payment of about $23 less and a total interest charge of $120 more than plan B.

algol [13]2 years ago
6 0

Answer:

B. Plan A has a monthly payment of about $23 less and a total interest charge of $120 more than plan B.  

Explanation:

edg

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3 years ago
Kelsey had $65 to spend on books. Each book cost $5. 50, and there was a $7. 50 fee for shipping. She let b equal the number of
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Answer:

The inequality symbol is incorrect because she can spend up to and including $65.

The expression 5. 50b + 7. 5 is correct because $5. 50 per book is 5. 50b and that is added to the shipping fee of $7. 50 to determine the total purchase price.

Explanation:

The inequality should be 5.50b + 7.5 ≤ 65 because she can use less than $65 or all $65 to spend on books.

Also, the shipping fee is for all the books she buys combined, not for each individual book so the left side of the inequality should read 5.50b + 7.5.

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