The interest rate she would pay would be is $7,200
So, if he has 4 dozen eggs, ten dollars per dozen, he has spent $40 on 48 eggs. <em>This means the cost of one egg = 48/40. </em>This can simplify to <em>6/5 </em>which is equal to<em> $1.20. </em>This means the value of one egg is $1.20, including the broken ones! So if six were broken, we multiply 1.20 x 6 which equals <em>$7.20!</em>
Use this "formula" to help find percentages
<em>Part/Total = %( Percentage )/ 100</em>
Now that we know how much money has gone to waste, we can plug in the known values into this "formula."
<em>7.2/48 = x/100</em>
Solve accordingly; cross multiply, 720 = 48x; divide both sides of the equation by 48 to isolate the variable, 720/48 = 48x/48; now you have your final answer which is:
15 = x; going back to the "formula" this means 15% of his money has gone to waste. I hope this helped! :)
Answer:
Step-by-step explanation:
Given that:
- x represents the number of months of ownership; and
- y represents the total paid for the car after ‘x' months.
<u>First Option (Leasing)</u>
250x - y + 4000 = 0
Expressing the equation in the Slope-Intercept Form y=mx+b, we have:
y=250x+4000
<u>Second Option (Financing)</u>
$400 for 0 months of ownership, (0,400), and $4400 for 10 months of ownership, (10, 4400).
First, we determine the slope of the line joining (0,400) and (10,4400)

We have:
y=400x+b
When y=400, x=0
400=400(0)+b
b=400
Therefore, the Slope-Intercept Form of the second option is:
y=400x+400
<u>Significance</u>
- In the first option, there is a down payment of $4000 and a monthly payment of $250.
- In the second option, there is a down payment of $400 and a monthly payment of $400.
<u>Part B</u>
We notice from the graph that after 24 months, the cost for leasing and financing becomes the same ($10,000). Therefore, a consumer will be better off financing since the downpayment for leasing is higher.
<u>i.e </u>
- When x=0, y=$4000 for leasing
- When x=0, y=$400 for financing