Jess needs 2 yards of molding to put around the bottom of a sandbox. One piece she has is ⅞ inch and the second piece she has is
1 answer:
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A. The linear equation is: y = 60x + 45
B. The graphed equation is shown in the attachment below.
<h3>What is a Linear Equation?</h3>A linear equation is defined as, y = mx + b, where the initial value = b; unit rate = m; x and y are the variables.
A. In this situation given, we have:
- Total cost = y
- Number of months = x
- Monthly charges = unit rate (m)= $60
- Initial value (b) = $45
Substituting the values into y = mx + b, we would have the equation as:
y = 60x + 45
B. The graph of the equation is shown in the image attached below.
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Answer:
The discount points will cost 3749.
Step-by-step explanation:
The first monthly interest payment is $820.
So, annual interest paid = = $9,840
Now, converting the annual interest to decimal = = $93,714.28
As given, the bank requires 4 discount points, this becomes 0.04.
So, total loan amount = = $3748.57 ≈ $3749
Hence, the discount points will cost 3749.