Answer:
A
Step-by-step explanation:
Calculate the slope m using the slope formula
m =
with (x₁, y₁ ) = (- 3, 4 ) and (x₂, y₂ ) = (2, - 1 )
m = = = = - 1 → A
Loan Q’s finance charge will be $83.73 greater than Loan P’s.
b.
Loan Q’s finance charge will be $317.88 greater than Loan P’s.
c.
Loan P’s finance charge will be $20.51 greater than Loan Q’s.
d.
Loan P’s finance charge will be $234.15 greater than Loan Q’s.
To solve this, we are going to use the loan payment formula:
where
is the payment
is the present debt
is the interest rate in decimal form
is the number of payments per year
is the time in years
For Bank P
We know from our problem that the the principal of the loan will be $19,450, so . We also know that Bank P offers a nine-year loan with an interest rate of 5.8%, compounded monthly , so and . Since Dahlia will make monthly payments, and a there are 12 months in a year, . Lets replace the values in our formula:
Now we know that the monthly payment of Dahlia is $231.59. Since we know that she is going to make 12 monthly payments for 9 years, we can calculate the future value of the loan multiplying the amount of the monthly payments ($231.59) by the number of monthly payments (12) by the number of years (9):
Now we know that she is is going to pay $25,011.72 for her loan. Finally, to calculate the total finance charge, we are going to subtract the original loan ( $19,450) from the future value of the loan ($25,011.72), and then, we are going to add the service charge ($925.00):
The total finance charge of bank P is $6,486.72
For Bank Q
We are going to repeat the same procedure as before.
, , , and . Lets replace the values in our formula:
Now that we have our monthly payment, we can calculate the future value of the loan multiplying the amount of the monthly payments ($211.08) by the number of monthly payments (12) by the number of years (10):
Just like before, to calculate the total finance charge, we are going to subtract the original loan ( $19,450) from the future value of the loan ($25,329.6), and then we are going to add the service charge ($690.85):
The total finance charge of bank Q is $6570.45
Notice that the finance charge of ban Q is greater than the finance charge of bank P, so we are going to subtract the finance charge of bank Q from the finance charge of bank P:
We can conclude that Loan Q’s finance charge will be $83.73 greater than Loan P’s. Therefore, the correct answer is a.
Answer:
a. Loan Q’s finance charge will be $83.73 greater than Loan P’s.
Step-by-step explanation:
Answer:
1. 100 1. 150 1. 1
2.45 2. 800
Step-by-step explanation:
1. 25% * 400 = 0.25 * 400 = * 400 = 100
2. 50% * 90 = 45
1. 75% * 200 = 0.75 * 200 = 3/4 * 200 = 150
2. 10% * 8000 = 0.1 * 8000 = 800
1. 5% * 20 = 0.05 * 20 = 1
The table of values by the equation 4y - 2x = 16 is (d)
The table of values that complete the question is added as an attachment
The equation is given as:
4y - 2x = 16
Add 2x to both sides
4y = 2x + 16
Divide through by 4
y = 0.5x + 4
Set x = 0, 2 and 4
y = 0.5(0) + 4 = 4
y = 0.5(2) + 4 = 5
y = 0.5(4) + 4 = 6
So, we have:
x y
0 4
2 5
4 6
Hence, the table of values by the equation is (d)
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b.45
c.200
d.320
Answer: a.8
Step-by-step explanation:
Given : If f(x) varies directly with x and f(x) = 2 when x = 10
We know if two quantities (x and f(x)) are directly proportional then
Now, for the given problem we have ,
Hence, if x = 40, then f(x)=8.