Answer:
23%
Step-by-step explanation:
........help..........
Answer:
a. $2,125
b. $2,000
Step-by-step explanation:
a. profit = 25%
[tex]\frac{x - 1700}{1700}[/tex] = 25%
Multiply 1700 to both sides
x - 1700 = 425
add 1700 to both sides
x = 2125
b. [tex]\frac{2500 - x}{x}[/tex] = 25%
multiply x to both sides
2500 - x = 0.25x
add x to both sides
2500 = 1.25x
1.25x = 2500
x = 2000
Find the values of x and y if triangle PQR~ triangle STU.
Answer:
x° = 54
y = 14
Step-by-step explanation:
Sum of interior angles of a triangle = 180, therefore:
79 + 16 + m∠P = 180
m∠P = 180 - 79 - 16 = 54
m∠RPQ = m∠UST = x° = 54°
64/16 = 28/(y-7) solve for y:
64(y-7) = (28)(16) = 448
y - 7 = 448/64 = 7
y = 7 + 7 = 14
36 were undergraduates, and 3 were undergraduates living off campus. find the number of these students who were a undergraduates, were living off campus, or both. b undergraduates living on campus. c graduate students living on campus.
(a)The number of students who were undergraduates, living off campus, or both is 42
(b)The number of students who were undergraduates living on campus is 33
(c)The number of graduate students living on campus is 18
What is Sample?
A sample is a subset of people drawn from a larger group. Sampling is the process of identifying the group from which you will gather data for your research. For example, if you want to learn about the thoughts of students at your university, you may poll 100 of them.
Let us define the following sets:
S = The sample space of the students in the survey
O = The students living off campus
U = Undergraduate students
According to the question, we have:
n(s) = 60
n(o) = 9
n(u) = 36
n (u ∩ o) = 3
a) The number of students who were undergraduates, living off campus, or both is given by:
n (u ∪ o) = n(u) + n(o) - n(u ∩ o)
36 +9-3
n (u ∪ o) = 42
b) The number of students who were undergraduates living on campus is given by:
n (u ∩ o) = n(u) - n(∩ o)
=36-3
=33
c) The number of graduate students living on campus is given by:
n (u ∩ o) = n(∩ o)
n(s) - n (u ∪ o)
=62-42
=18
(a)The number of undergraduate students living off campus or both is 42. (b)The number of undergraduate students living on campus is 33.
(c)The number of graduate students living on campus is 18.
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(a)The number of students who were undergraduates, living off campus, or both is 42
(b)The number of students who were undergraduates living on campus is 33
(c)The number of graduate students living on campus is 18
What is Sample?
A sample is a subset of people drawn from a larger group. Sampling is the process of identifying the group from which you will gather data for your research. For example, if you want to learn about the thoughts of students at your university, you may poll 100 of them.
Let us define the following sets:
S = The sample space of the students in the survey
O = The students living off campus
U = Undergraduate students
According to the question, we have:
n(s) = 60
n(o) = 9
n(u) = 36
n (u ∩ o) = 3
a) The number of students who were undergraduates, living off campus, or both are given by:
n (u ∪ o) = n(u) + n(o) - n(u ∩ o)
36 +9-3
n (u ∪ o) = 42
b) The number of students who were undergraduates living on campus is given by:
n (u ∩ o) = n(u) - n(∩ o)
=36-3
=33
c) The number of graduate students living on campus is given by:
n (u ∩ o) = n(∩ o)
n(s) - n (u ∪ o)
=62-42
=18
(a)The number of undergraduate students living off campus or both is 42. (b)The number of undergraduate students living on campus is 33.
(c)The number of graduate students living on campus is 18.
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give an equation for the compressed graph. y=1−x3, compressed horizontally by a factor of 5.
The equation of the graph which is horizontally compressed is[tex]y=1-125x^3[/tex].
What is equation?
The definition of an equation in algebra is a mathematical statement that demonstrates the equality of two mathematical expressions. For instance, the equation 3x + 5 = 14 consists of the two equations 3x + 5 and 14, which are separated by the 'equal' sign.
Here the given graph equation is y = 1-[tex]x^3[/tex] .
We know that when the graph f(x) compressed horizontally by a factor of C, then the transformed graph is given by the function f(Cx). Then
So, when the graph [tex]y=1-x^3[/tex] is compressed horizontally by a factor of 5 then,
=> y = [tex]1-(5x)^3[/tex]
=> [tex]y=1-125x^3[/tex]
Hence the compressed graph is [tex]y=1-125x^3[/tex].
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James is buying a new shirts.He has a coupon that will give him 20% discount off of the original price(p) of the shirt which expression could be used to find the new coast of the shirt after the discount 0.2p 0.8p 1-0.2p 100p-20p
The expression for the new cost of the shirt is 0.8p. Option B
What is price discount?Price discount equals the difference between the price paid for and it's par value. Discount is a kind of reduction or deduction in the cost price of a product
To get the expression for the new cost of the shirt,
1 - 0.2 = 0.8
We then multiply the new percentage with the price to get the new price. And this can be expressed as: 0.8p
Hence, 0.8p is the new expression for the price discount
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if g(x)=3 x e^x find g^-1(4)
Answer: g(0) = 4
Step-by-step explanation:
Given that, g(x) = 3 + x + ex
g'(x) = 1 + ex > 0
⇒ g(x) is an increasing function.
g(0) = 3 + 0 + e0
g(0) = 3 + 1
g(0) = 4
When g(0) = 4, the inverse of the function g(x) = 3 + x + e^x is g^-1(4) = 0.
What is function?A function from a set X to a set Y allocates precisely one element of Y to each element of X. The set X is known as the function's domain, while the set Y is known as the function's codomain. Originally, functions were the idealization of how a variable quantity depended on another quantity. A function is an equation with just one solution for y for every x. A function produces exactly one output for each input of a certain type. Instead of y, it is usual to call a function f(x) or g(x). f(2) indicates that we should discover our function's value when x equals 2.
Here,
Given that, g(x) = 3 + x + e^x
g'(x) = 1 + e^x > 0
g(x) is an increasing function.
g(0) = 3 + 0 + e^0
g(0) = 3 + 1
g(0) = 4
g^-1(4) = 0
The inverse of function g(x) = 3 + x + e^x is g^-1(4) = 0 when g(0) = 4.
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Natalie wants to join a gym. She has two choices. Gym A that costs $ 50 a month for unlimited visits per month. She can also choose Gym B that charges a flat monthly fee $10 plus $4 per visit. Write an equation, in terms of, v, visits per month, to find out when the two gyms cost the same price.
Let v be the times visited:
Answer: 50 = 10 +4(v)
40 = 4(v)
10 = v
10 visits
please give me brainliest. ty!
The half-life of a radioactive kind of cerium is 32 days. How much will be left after 160 days, if you start with 57,728 grams of it?
After 160 days, approximately 873 grams of the radioactive cerium would be left.
How to calculate the amount of the substance leftThe half-life of the radioactive cerium is 32 days, so after each 32-day interval, half of the remaining amount will decay.
We can use this information to determine the amount remaining after 160 days.
After the first 32 days, the amount of cerium left would be 57,728 grams * (1/2) = 28,864 grams.
After the second 32 days, the amount of cerium left would be 28,864 grams * (1/2) = 14,432 grams.
Continuing this process, after 160 days, the amount of cerium left would be:
57,728 grams * (1/2)^(160/32) ≈ 873 grams
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classify these events. selecting a king from a deck of cards, replacing it and selecting a queen from the same deck. these events would be considered:
Random selection events.The two number of events involve selecting cards randomly from a deck and can thus be said to be random selection events.
The two events involve randomly selecting cards from a deck of cards. The first event is selecting a king, while the second event is replacing the king and selecting a queen. These two number of steps can be classified as random selection events, as the cards are chosen without any specific pattern or criteria. Random selection events involve selecting something at random, without any pre-defined criteria.
This can include flipping a coin, rolling a dice, or, in this case, selecting a card from a deck. Since the two events involve randomly selecting cards from a deck of cards, they can be classified as random selection events.
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the four cities on the map form a square. about how many miles is the most direct route from washington to springfield? round to the nearest tenth, only if needed.
Answer: 50 miles man
Step-by-step explanation: im just that guy
Austin had to make a scale drawing of the school cafeteria for his architecture class. He used a scale that equaled 4 feet for every 1 inch depicted. If the scale drawing he made identified the cafeteria as being 16 inches in length, how long was the actual cafeteria?
A.
64 ft
B.
12 ft
C.
4 ft
D.
256 ft
The actual length of a cafeteria is 64 ft. Therefore, the option A is the correct answer.
What is scale factor?A scale factor is defined as the ratio between the scale of a given original object and a new object, which is its representation but of a different size (bigger or smaller).
The basic formula to find the scale factor of a figure is expressed as,
Scale factor = Dimensions of the new shape ÷ Dimensions of the original shape.
Given that, Austin used a scale that equaled 4 feet for every 1 inch depicted.
The scale drawing he made identified the cafeteria as being 16 inches in length.
Now, 4×16
= 64 feet
Therefore, the option A is the correct answer.
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A wheat farmer plows 5 acres of land and collects 135 bushels of wheat. The next day, the farmer plows 8 acres of land and collects 216 bushels of wheat. Is there a proportional relationship between the number of bushels of wheat collected and the number of acres plowed over the two days? explain.
Yes, there is a proportional relationship between the number of bushels of wheat collected and the number of acres ploughed over the two days.
This can be seen by calculating the average number of bushels of wheat collected per acre for each day, and seeing if they are equal.
For the first day,
The average is 135 bushels / 5 acres = 27 bushels per acre.
For the second day,
The average is 216 bushels / 8 acres = 27 bushels per acre.
Since the two averages are equal, it can be concluded that there is a proportional relationship between the number of bushels of wheat collected and the number of acres ploughed.
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complete the table below given f(x)=x 3/√1−x−2
x = -3.1, -3.01, -3.001, -2.999, -2.99, -2.9; f(x) undefined, undefined, undefined, 2.8069, 2.8068, 2.8067 respectively.
What do you mean by function?A function is a mathematical object that assigns a unique output (or "value") to each input in its domain. It is a rule that takes an input (or "argument"), performs some operations on it, and returns a corresponding output. Functions are often written using the notation f(x), where x is the input, and f(x) is the corresponding output. For example, the function f(x) = x^2 maps the input value x to its square. Functions are a key concept in mathematics and are used to model various phenomena in science, engineering, economics, and more.
To complete the table, we need to evaluate f(x) for each value of x:
x -3.1 -3.01 -3.001 -2.999 -2.99 -2.9
f(x) undefined undefined undefined 2.8069 2.8068 2.8067
We can see that f(x) is undefined when x = -3.1, -3.01, and -3.001 because the square root of a negative number is undefined. For other values of x, we can evaluate f(x) by plugging in the values and simplifying:
f(-2.999) = (-2.999 + 3)/√(1 - (-2.999) - 2) = 0.001/√0.999 = 0.001/0.999 = 0.001 * (1/0.999) = 0.001 * 1.001 = 0.001001
Similarly, we can find f(-2.99) and f(-2.9) as follows:
f(-2.99) = (-2.99 + 3)/√(1 - (-2.99) - 2) = 0.01/√0.99 = 0.01/0.9950 = 0.01 * (1/0.9950) = 0.01 * 1.0050 = 0.01005
f(-2.9) = (-2.9 + 3)/√(1 - (-2.9) - 2) = 0.1/√0.9 = 0.1/0.9487 = 0.1 * (1/0.9487) = 0.1 * 1.0543 = 0.10543
So, rounding the results to four decimal places, we have:
x -3.1 -3.01 -3.001 -2.999 -2.99 -2.9
f(x) undefined undefined undefined 2.8069 2.8068 2.8067
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Lamonte needed to get hi computer fixed. He took it to the repair tore. The technicain at the tore worked on the computer for 4. 25 hour and charged him $ 141 for part. The total wa $544. 75. What wa the cot of labor, per hour?
The cost of labor for The technician at the tore worked on the computer for 4. 25 hour and charged him $ 141 for part was $95.
Lamonte needed to get hi computer fixed.
The technician at the tore worked on the computer for 4. 25 hours so
t= 4.25
Based on the formula,
Charge for Total - charge for Part
=Charge of Labor =544.75 - 141 = 403.75
Therefore, 403.75/ 4.25 will give us the value for a single time T hours.
Calculate the sum or difference:
403.75/4.25
Multiply both the numerator and denominator with the same integer:
40375/425
Cross out the common factor:
$95
A component of the wage bill or payroll known as direct labour cost can be specifically and regularly ascribed to or related with the production of a good, a specific job order, or the delivery of a service. Additionally, we might say that it is the price of the labour performed by those employees who actually create the product on the assembly line.
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what dictionary value would we use to perform a grid search to determine if normalization should be used and for testing the following values of alpha? 1,10, 100
A dictionary with keys 'normalize' and 'alpha' and values [True, False] and [1, 10, 100] respectively can be used to perform a grid search.
Grid search is a technique used to find the optimal hyperparameters for a machine learning model. In the case of determining if normalization should be used and testing different values of alpha, we need to provide the algorithm with a range of values for each hyperparameter. This can be done using a dictionary.
The keys in the dictionary would be 'normalize' and 'alpha', representing the hyperparameters we want to search for. The values for 'normalize' would be [True, False], representing the options for normalizing the data or not. The values for 'alpha' would be [1, 10, 100], representing the different values of alpha to test.
This dictionary can then be passed as an argument to the grid search algorithm, which will then perform a search through all possible combinations of these hyperparameters, evaluating the performance of the model for each combination and determining the optimal set of hyperparameters.
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using a 52 card deck, how many different collections (hands) of 5 cards are there?
There are 2598960 different collections (hands) of 5 cards from a standard deck of 52 cards.
What is Combinations ?
A combination in mathematics is a selection of elements from a set with distinct members, where the order of selection is irrelevant.
The number of different collections (hands) of 5 cards from a standard deck of 52 cards is calculated using combinations. In combinatorics, the number of ways to choose k items from a set of n items is given by the formula:
C(n, k) = n! / (k! (n-k)!)
where n! represents the factorial of n, which is the product of all positive integers less than or equal to n.
In this case, n = 52 and k = 5, so the number of different hands is:
C(52, 5) = 52! / (5! (52-5)!)
= 52! / (5! 47!)
= 2598960
Therefore, there are 2598960 different collections (hands) of 5 cards from a standard deck of 52 cards.
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determine whether s is a basis for the indicated vector space. s = {(0, 4, −1), (4, 0, 3), (−8, 20, −11)} for r3
No, the set s is not a basis for R3. A basis for R3 must contain three linearly independent vectors.
The set s only has three vectors, but these vectors are not linearly independent. To determine linear independence, we can take the set of vectors and put them into a matrix, then reduce the matrix to reduced row echelon form.
Let A be the matrix whose columns consist of the vectors in s:
A =
[tex]\begin{bmatrix} 0 & 4 & -8 \\ 4 & 0 & 20 \\ -1 & 3 & -11\end{bmatrix}[/tex]
When A is reduced to row echelon form, we see that the third row of A is a linear combination of the first two rows. This means that the vectors in s are linearly dependent, and thus s is not a basis for R3.
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Jessica handed out two cookies to each classmate for her birthday. She handed out over 20 cookies. The inequality 2c>20 can be used to determine the possible number of students in the class.
Which number line best represents the solution to the inequality?
Answer:
B
Step-by-step explanation:
The symbol > means greater than, so the number line points to the right
Because it is not [tex]\geq[/tex] (greater than or equal to), the circle should be open
If b= the number of baseballs which algebraic expression represents the phrase below? The number of baseballs minus 3 lost during practice
If b= the number of baseballs , then b-3 ,this algebraic expression represents the phrase, The number of baseballs minus 3 .
What is number?A number is a mathematical object used to count, measure, and label. The original examples are the natural numbers 1, 2, 3, 4, and so forth. Numbers can be represented in language with number words.
here, we have,
If b= the number of baseballs
now,
The number of baseballs minus 3
i.e. the number = b-3.
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this is called the principle of superposition. use this principle to find the general solution of (a) y″ 4y = 4 cos 2x 6 cos x 8x2 − 4x;
The general solution of the differential equation is given by: [tex]y(x) = c1*sin(2x) + c2*cos(2x) + c3*x + c4*cos(x) + c5*sin(x) + c6*x^2[/tex]
1. The equation is of the form y” + 4y = f(x), which is a second order linear differential equation with constant coefficients.
2. By the principle of superposition, the general solution of the equation is the sum of the solutions of the homogeneous equation y” + 4y = 0 and the particular equation y” + 4y = f(x).
3. The homogeneous equation has two linearly independent solutions, [tex]y1 = sin(2x) and y2 = cos(2x)[/tex]
4. The particular equation has three linearly independent solutions, [tex]y3 = x, y4 = cos(x) and y5 = sin(x).[/tex]
5. Hence, the general solution of the equation is[tex]y(x) = c1*sin(2x) + c2*cos(2x) + c3*x + c4*cos(x) + c5*sin(x) + c6*x^2[/tex], where c1, c2, c3, c4, c5 and c6 are arbitrary constants.
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at how many points on the curve x^2/5 y^2/5 = 1 in the xy-plane does the curve have a tangent line that is horizontal A. None B. One C. Two D. Three
The number of points on the curve is (a) None
How to determine the number of pointsFrom the question, we have the following parameters that can be used in our computation:
x^2/5 y^2/5 = 1
For the equation x^2/5 - y^2/5 = 1, the slope of the curve at any point is the derivative of y with respect to x,
However, the derivative of y with respect to x will never be equal to 0, which means that the curve will never have a tangent line that is horizontal.
Hence, the answer is A. None.
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2. Kimberly's family invested in a Certificate of Deposit (CD) for her when she was born. The interest is compounded quarterly. A. What will be the difference after 15 years if the CD is compounded semiannually rather than quarterly? b. What will be the difference after 15 years if the CD is compounded monthly rather than quarterly?
The value of the CD will be an amount of $7487.01 if it is compounded annually for 15 years.
What is Compound interest?
Compound interest is defined as interest paid on the original principal and the interest earned on the interest of the principal.
To find the value of the CD in 5 years, you need to calculate the compound interest earned over 5 years.
The interest rate is 8% per year, so the interest rate per quarter is 8%/4= 2%.
The value of the CD at the end of each quarter can be calculated using the formula:
CD value at end of quarter = CD value x (1 + interest rate per quarter)
For example, at the end of the first quarter, the CD value would be:
CD value at end of first quarter = $3000 x (1 + 0.02) = $3060
You can repeat this process for each quarter to find the CD value at the end of 5 years.
After 5 years, there will have been 20 quarters (15 years x 4 quarters per year), so the CD value at the end of 15 years will be:
CD value at end of 15 years = $3000 x (1 + 0.02)⁶⁰ = $9843.09
To find the value of the CD if it is compounded annually for 15 years, we can use the same formula, but use the annual interest rate of 8% and the number of years of 15. The CD value at the end of 15 years will be:
CD value at end of 15 years = $3000 x (1 + 0.08)¹⁵ = $7487.01
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A company total ale (in million of dollar) t month from now are given by S(t)=2√10 a) Find S(15) and S’(15) Write a brief verbal interpretation of thee reult. B) Ue the reult in part (a) to etimate the total ale after 16 month and after 17 month
The total sale after 15 months is 30 million and the rate of change in total sales every month is 2√10 million dollars.
A)The total sale after 15 months is given by S(15)=2√10*15=30 million dollars and the derivative of S(15) is S'(15)=2√10. This means that after every month, the total sale increases by 2√10 million dollars.
B) To estimate the total sale after 16 months and 17 months, we can use the result from part (a). The total sale after 16 months is S(16)=2√10*16=32 million dollars and the total sale after 17 months is S(17)=2√10*17=34 million dollars. Therefore, the rate of change in total sales every month is 2√10 million dollars.
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A company's total sales (in millions of dollars) t month from now are given by S(t)=2√10 a) Find S(15) and S’(15) Write a brief verbal interpretation of thee result. B) Use the result in part (a) to estimate the total ale after 16 months and after 17 months
If a fat quarter has more than 2 defects, it cannot be sold and is discarded. Let the random variable y represent the number of defects on a fat quarter that can be sold by company f. (a) construct the probability distribution of the random variable y.
The probability distribution's mean and standard deviation, Y, will be 0.4899 and 0.699, respectively, based on the information provided.
What is meant by probability distribution?A probability distribution is a statistical function that enumerates all the potential probabilities and values for a random variable within a certain range.
A key idea in statistics is the probability distribution. They are applied both theoretically and practically. Probability distributions can be used to compute critical regions for hypothesis tests and confidence intervals for parameter values, among other useful applications.
Each possible result of a random experiment or occurrence is shown by the probability distribution in statistics. It offers the odds of many potential events.
It should be noted that the likelihood that y will occur will follow the probability distribution given:
Let the given data be
Y 0 1. 2
Probability 0.63. 0.25. 0.12
Mean = (0 × 0.63) + (1 × 0.25) + (2 × 0.12)
simplifying the above equation, we get
Mean = 0 + 0.25 + 0.25
Mean = 0.49
Let the variance be 0.4899.
standard deviation = ✓0.4899
Standard Deviation = 0.699
The complete question is:
Company F sells fabrics known as fat quarters, which are rectangles of fabric created by cutting a yard of fabric into four pieces. Occasionally the manufacturing process results in a fabric defect. Let the random variable X represent the number of defects on a fat quarter created by Company F. The following table shows the probability distribution. If a fat quarter has more than 2 defects, it cannot be sold and is discarded. Let the random variable Y represent the number of defects on a fat quarter that can be sold by Company F. (a) Construct the probability distribution of the random variable Y
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Solve for x D (3x-4)° (6x) 112° F
The solution for x of the expression 3x - 4 + 6x = 112 is given as follows:
x = 12.89.
How to solve the expression?The expression for this problem is defined as follows:
3x - 4 + 6x = 112
The first step is combining the like terms at the left side of the expression, hence:
3x + 6x = 9x.
Then the expression is given as follows:
9x - 4 = 112.
Isolating the variable x, the solution for x of the expression is given as follows:
9x = 116
x = 116/9
x = 12.89.
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22.
The following ordered pairs represent a function.
(-2, 2), (-1, 1), (0, 0), (1, 1), (2, 2)
Which ordered pair can be added to the given set and still have the set represent a
function?
The only ordered pair that can be included in the given set and yet have it represent a function is (-3, -6), or (3, 6).
what is function ?vast quantities and their modifications, equations and parts, shapes and their placements, and locations where they can found are all included in the study of mathematics. The relationship between a group of inputs, each of which has a collective agreements, is referred to as a "function." A utility is a linkage between both inputs and outputs where each input produces a single, unique result. Every function has a domain but a codomain, often termed as a scope. F is typically utilised denote functions (x). An x is the input. Based on the following criteria, there are four primary categories of functions that are available: on functions, another functions, so several functions, within functions, and then on functions.
given
A value of x cannot have two outputs, or y-values, therefore start by using the process of elimination to eliminate the response options where the x coordinates have already been utilized in the relation. You now have two choices.
(-2, 2), (-1, 1), (0, 0), (1, 1), (2, 2)
so ( -3 , -6), ( 3, 6 ) as it has both different values of x and y .
The only ordered pair that can be included in the given set and yet have it represent a function is (-3, -6), or (3, 6).
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How Do You Evaluate Sin π/2
We know, using radian to degree conversion, θ in degrees = θ in radians × (180°/π), π/2 radians= π/2 × (180°/π) = 90° or 90 degrees. Therefore sinπ/2 = sin (90°) = 1. The Value of sinπ/2 is given as 1.
How do you evaluate?When an algebraic expression is evaluated, the value of the expression is determined when the variable is replaced by a given number.
To evaluate an expression, we substitute the given number for the variable in the expression, then simplify it using the order of operations.
Evaluation is a method of studying a program, practice, intervention, or initiative in order to determine how well it achieves its objectives.
Evaluations aid in determining what works well and where improvements can be made in a program or initiative.
Top evaluation tips: Making preparations for your evaluation, As, you gather your data, As you examine your data, Having reached your conclusions, Writing the report and presenting your findings.
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Find the value of f(-6) y = f(x)
y=f(x)
f(-6)
Answer : y=-6
What is R? (percent)
The initial amount is 1250, rate is 13.5% and value of the function for t = 3 is 809
What is exponential decay?Exponential decay describes the process of reducing an amount by a consistent percentage rate over a period of time.
Given that, an exponential function with rate of decay, h(t) = [tex]1250(0.865)^t[/tex]
Here we need to identify the initial amount, rate and the value of function when t = 3
The general formula of exponential decay is given by,
A = P(1-r)ⁿ
Where A is final amount
P is initial amount
r = rate of decay
n = years or time
Comparing with general formula,
P = 1250
1-r = 0.865
r = 1-0.865
r = 0.135
r % = 13.5
h(3) = 1250(0.865)³
= 809
Hence, the initial amount is 1250, rate is 13.5% and value of the function for t = 3 is 809
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A credit card holder owes $5,498 on a credit card with a 26.99% interest rate compounded monthly. Assuming no additional purchases are made with the card, what is the monthly payment the cardholder should make to pay off the debt in 5 years? Round your answer to the nearest penny. A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used. $91.63 $123.66 $167.85 $215.29
The monthly payment is $167.85.
The correct option is C.
What is a loan calculation formula?The formula:
PV = PMT/i[1 - {1/(1+i)ⁿ]
PV denotes the loan sum.
PMT stands for "monthly payment," I for "interest rate" (interest rate % divided by 12), and "n" for the number of months (term of the loan in months)
Given:
A credit card holder owes $5,498 on a credit card with a 26.99% interest rate compounded monthly.
Assuming no additional purchases are made with the card.
PV = 5498
n = 60
i = 0.2699/12 = 0.02
PMT={PVi(1+i)ⁿ}/{(1+i)ⁿ−1}
PMT = {5498(0.02)(1 + 0.02)⁶⁰/{(1 + 0.02)⁶⁰ - 1}
PMT = $167.85
Therefore, PMT = $167.85
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