When we solve these equations x= 7.5 and y= 1.5.
Answer:
The total length of the trip was 400 miles.
Step-by-step explanation:
He fell asleep at 44% through the trip, they already had traveled 176 miles.
.44x = 176 ⇒
176 ÷ .44 ⇒
x = 400
Answer:
$12159 per year.
Step-by-step explanation:
If I invest $x each year at the simple interest of 7.5%, then the first $x will grow for 35 years, the second $x will grow for 34 years and so on.
So, the total amount that will grow after 35 years by investing $x at the start of each year at the rate of 7.5% simple interest will be given by
= ![35x + \frac{x \times 7.5}{100} [35 + 34 + 33 + ......... + 1]](https://tex.z-dn.net/?f=35x%20%2B%20%5Cfrac%7Bx%20%5Ctimes%207.5%7D%7B100%7D%20%5B35%20%2B%2034%20%2B%2033%20%2B%20.........%20%2B%201%5D)
= ![35x + \frac{x \times 7.5}{100} [\frac{1}{2} (35) (35 + 1)]](https://tex.z-dn.net/?f=35x%20%2B%20%5Cfrac%7Bx%20%5Ctimes%207.5%7D%7B100%7D%20%5B%5Cfrac%7B1%7D%7B2%7D%20%2835%29%20%2835%20%2B%201%29%5D)
{Since sum of n natural numbers is given by 
}
= 35x + 47.25x
= 82.25x
Now, given that the final amount will be i million dollars = $1000000
So, 82.25x = 1000000
⇒ x = $12,158. 05 ≈ $12159
Therefore. I have to invest $12159 per year. (Answer)
If you borrowed $100, then your monthly payment is $2.44
If you borrowed $200, then your monthly payment is 2*2.44 = 4.88
etc etc
We can set up a proportion
2.44/100 = x/13300
to figure out the monthly payment x. Cross multiply and solve for x
2.44*13300 = 100*x
100x = 2.44*13300
100x = 32452
x = 32452/100
x = 324.52
So the monthly payment is $324.52
An alternative way to get this monthly payment is to apply 2.44% to 13300, which is another way to view the phrase "monthly payment per $100 is 2.44"
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There are 48 months in 4 years (start with 12 mon = 1 yr, then multiply both sides by 4) so we multiply 48 by the monthly payment to get the result 48*324.52 = 15,576.96. This is the total amount you have to pay back which is the principal plus interest.
Subtract off the principal (amount borrowed) to find the interest or finance charge: 15,576.96 - 13,300 = 2,276.96
Answer: Choice B
