You want to buy a new car for $22,654 and decide to take out an auto loan. You make a $3,200 down payment and finance the remain
der at an APR of 4.9 %. If you can only afford payments of $300, what is the term of the loan you should get?
1 answer:
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Answer:
Part a) Daniel's age is 2 years
Part b) Kevin's age is 8 years
Step-by-step explanation:
<u><em>The question is </em></u>
Part a) How old is Daniel?
Part b) How old is Kevin?
Let
x ----> Kevin's age
y ----> Daniel's age
we know that
-----> equation A
----> equation B
Equate equation A and equation B
solve for y
therefore
Daniel's age is 2 years
<em>Find the value of x</em>
substitute the value of y in any of the two equations
therefore
Kevin's age is 8 years