Answer:
Step-by-step explanation:
Total cost for the three nights
Total_3 = $298.17 + 3*u
Where <em>u </em>represents the unknown fees for a single day
To find the daily cost, we divide the previous equation by three
Daily cost = ($298.17 + 3*u)/3
Daily cost = ($99.39 + u)
So, if we create an inequality for the daily cost
Let x = Daily cost
x > $99.39
She will pay more than $99.39 per night
The answer is: APR = 10.56%
Explanation:
Using an excel spreadsheet and the RATE function, we can calculate the monthly interest rate of buying the car:
=RATE(72,-489,25995)
= 0.8803% monthly interest rate
Then we multiply the monthly interest rate by twelve to get the APR:
APR = 0.8803% x 12 = 10.56%
Given:
Future Value = $75,210
term = 8 years
rate = 8.5%
Initial loan = ?
In this case, we need to find the present value of the loan. Compounded means that even the interest has an interest.
PV = FV / (1 + i)^n
PV = 75,210 / (1 + 0.085)⁸
PV = 75,210 / (1.085)⁸
PV = 75,210 / 1.9206
PV = 39,159.64
Initial loan is $39,159.64
total interest is $75,210 - 39,159.64 = $36,050.36
<u><em>Answer:</em></u>
a. The point (4,9) appears in both tables
<u><em>Explanation:</em></u>
<u>Note:</u> This question can be solved without the need of the tables
<u>A solution of a system of equations</u> is defined as a point (or set of points) that satisfy both equations
<u>This means that,</u> this point should belong to all the equations in the system
Now, a table is used to show a set of points that belong to a certain line
This means that, all vales in the table belong to the line they represent
<u>Since the point (4,9) appears in both tables</u>, therefore, it belongs to both lines and, therefore, is a solution to the system of equations consisting of these two lines
Hope this helps :)