Divide the APR by 360 days and multiply it by 30 days to get the monthly interest. Each loan is usually secured by the car you bought. So we will use the secured APR.
8. Average rating secured apr: 5.85% divide by 360 multiply by 30: 0.4875% monthly rate
Cost of car: 19,725 ; sales tax: 4.75% ; down payment: 2,175
19,725 x 1.0475 = 20,661.94 - 2,175 = 18,486.94 loan amount
18,486.94 x 0.4875% = 90.12 accrued interest for the 1st month.
9. Excellent rating secured apr: 4.80% divide by 360 multiply by 30: 0.40% monthly rate
Cost of car: 15,867 ; sales tax: 5.25% ; down payment: 10% of total cost
15,867 x 1.0525 = 16,700.02 x 90% = 15,030.02 the principal balance at the start of the loan.
10. Fair rating secured apr: 7% divide by 360 multiply by 30: 0.5833% monthly rate
Cost of new car: 19,072 ; sales tax: 4.5% ; down payment: 1,200
Cost of used car: 15,365; sales tax: 4.5% ; down payment: 1,200
19,072 x 1.045 = 19,930.24 - 1,200 = 18,730.24
18,730.24 x 0.5833% = 109.25 accrued interest
15,365 x 1.045 = 16,056.43 - 1,200 = 14,856.43
14,856.43 x 0.5833% = 86.66 accrued interest
109.25 - 86.66 = 22.59 is the difference in interest accrued by the end of the first month.
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Answer:
Step-by-step explanation:
The ratio of smallest sides in the two triangles is ...
smaller / larger = 4/10
To find A and B, we write proportions involving corresponding side lengths.
__
Side A in the smaller triangle is ...
A/15 = 4/10
A = (4/10)(15) = 6
__
The ratio of larger to smaller is the inverse of the above ratio, so ...
B/9 = 10/4
B = (10/4)(9) = 22.5
Let x = the number of marbles for Phil
Then 3x = the number of marbles for Peter
Together they have 3x+x=48 or 4x=48 and x=12
So Phil has x = 12 marbles and Peter has 3x, let x = 12, 3(12) = 36 marbles.
Peter has 24 more marbles than Phil.
Answer:
c(h) = 50 +10h
c(4) = 90 . . . . . it costs $90 to rent the truck for 4 hours
Step-by-step explanation:
The problem statement tells you the total charge is the sum of $50 and a charge of $10 per hour. That is, for h hours, the total charge is ...
c = 50 + 10h
In functional form, this is ...
c(h) = 50 +10h . . . . . . total charger for a rental of h hours
__
The function value with an input of 4 is ...
c(4) = 50 +10·4
c(4) = 90
Since the input is the number of hours of rental, and the function value is the total charge, this represents the total charge for a rental of 4 hours.