Sergio and Lizeth have a very tight vacation budget. They plan to rent a car from a company that charges $75 a week plus $0.25 a
1 answer:
Answer: 500 miles
Step-by-step explanation:
Given : Sergio and Lizeth have planned to rent a car from a company that charges $75 a week plus $0.25 a mile.
i.e. Fixed charge= $75
Rate per mile = $0.25
Let x denotes the number of miles.
Then, Total charges = Fixed charge+ Rate per mile x No. of miles traveled
= $75+ $0.25x
To keep budget within $200, we have following equation.
Hence, they can travel 500 miles and still keep within their $200 budget.
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Answer:
10.99%.
Step-by-step explanation:
We have been given that the Smiths bought new furniture that cost $3,298.00. The store offered them an option of putting $600 down and making equal payments of $300 a month for 10 months.
First of all, we will find amount paid by down-payments in 10 months.
Total amount paid by Smiths: .
Now we will find amount paid in interest by subtracting initial amount from total amount.
10 months = 10/12 year =5/6 year.
Now, we will use simple interest formula to solve for interest rate.
Therefore, the annual interest rate is 10.99%.