Given:
On a graph, points are at (0, 15), (1, 17), (3, 18), (4, 20) and (6, 22).
To find:
The range of x-values extrapolation occurs.
Solution:
Consider the below figure attached with this question.
From the graph or given points it is clear that the x-values are 0, 1, 3, 4, 6.
It means the x-values are from 0 to 6.
So, the range of the x-values is or
.
The required compound inequality for the range of x-values is .
Therefore, the correct option is D.
Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: ×
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal