Answer:
$300
Step-by-step explanation:
Given that:
Derek bought a new car for $32,000;
The original amount of purchase = $32,000
Down payment = $17,000
Remaining amount = Original amount of purchase - Down payment
= $(32000 -17000)
= $ 15,000
Also;
rate of interest per month is 2%
and the Derek is unable to pay his first monthly payment
thus the interest amount is calculated on principal amount
so for the first month interest is calculated on total principal amount
The month interest payment is then calculated as :
= 15,000 × 2%
= 15,000 × 0.02
= $300
The y - intercept of an equation is the value of y when x is substituted with zero. From the given equation,
y = 25x + 225
Substituting,
y = (25)(0) + 225
y = 225
Thus, the y - intercept of the given equation is 225.
Answer:
Insurance will pay $250,000 and Ronaldo will pay $90,000
Step-by-step explanation:
50/250 means 50 is the maxi9$50,000 per person for body injury liability while 250 means $250,000 maximum for one accident for body injury liability claim.
18 children each was awarded $20,000 as a result of lawsuit
Total amount of lawsuit=18×$20000= $360000
Ronald has 50/250 BI
Total amount insurance will pay =250,000
Ronald will have to pay= $(360,000-250000)=$90,000
