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djverab [1.8K]
2 years ago
12

mark takes out a loan for $30000 to add on a new exam room for his practice. if the bank charges 5.4% interest, how much interes

t will he pay in 5 years?
Mathematics
1 answer:
Jet001 [13]2 years ago
5 0
. Mark takes out a loan for $30000 to add on a new exam room for his practice. Now, the bank charges 5.4% interest.Question: how much interest will he pay in 5 years?=> 30 000 dollars = the money he owe=> 5.4 = 5.4% / 100% = .054Now, let's solve for the answer=> 30 000 dollars * 0.054 = 1 620 dollars. is the interest for 1 year.let's solve for 5 years.<span>=> 1 620 dollars * 5 = 8 100 dollars'</span>
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Answer:

a. The slope is incorrect

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Step-by-step explanation:

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- The slope between two arbitrary points, ( x1 , y1 ) and  (x2 , y2) is given by the following relationship:

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                        slope = ( -2 - 3 ) / ( 6 - 1 )

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- We will assume the point (1,3) lies on line with a slope = 3.

- We will use the slope-intercept equation of line:

                              y = slope*x + c

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                             y = 3x + c

Using the given correct point to evaluate the y-intercept (c):

                             3 = 3*1 + c

                             c = 0

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                            y = 3x

- The origin (0,0) lies on the line y = 3x.

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- We will assume the points (1, 3) and (6, -2) lies on line with a slope calculated in part (a) to be = -1.

- We will use the slope-intercept equation of line:

                              y = slope*x + c

Where,      m : Slope

                 c : y-intercept

                             y = -x + c

Using the given points to evaluate the y-intercept (c):

                             3 = -1 + c

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                            y = -x + 4

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