EXERCISE 3 Date:......... A shop sells a pencil at ¢500.00 and pen at 42,000.00. (a) If Afua bought 8 pencils and 5 pens, how much did she pay altogether for them? (b) The price of a pencil is increased by 20% and a pen by 10%. Find how much she will pay for 10 pencils and 8 pens.

Answers

Answer 1

Answer:

ok so its is 5 dollars for a pencil and 420 dollars for a pen(dang)

a40+2100=2140

now

b6 pencil 462 pen

60+3696=3756

Hope This Helps!!!

Answer 2

(a) Afua paid ¢44,500.00 for 8 pencils and 5 pens.

(b) Afua will pay ¢71,400.00 for 10 pencils and 8 pens after the price increase.

(a) To find how much Afua paid altogether for 8 pencils and 5 pens, we need to calculate the total cost for each item and then add them together.

Given:

Cost of a pencil, [tex]Pencil_{cost}[/tex] = ¢500.00

Cost of a pen, [tex]Pen_{cost}[/tex] = ¢42,000.00

Number of pencils bought, [tex]n_{pencils}[/tex] = 8

Number of pens bought, [tex]n_{pens}[/tex] = 5

Total cost of pencils,

[tex]Total_{pencil}_{cost} = Pencil_{cost} * n_{pencils}[/tex]

                      = ¢500.00 × 8

                      = ¢4,000.00

Total cost of pens,

[tex]Total_{pen}_{cost} = Pen_{cost} * n_{pens}[/tex]

                   = ¢42,000.00 × 5

                   = ¢210,000.00

Altogether, [tex]Total_{cost} = Total_{pencil}_{cost} + Total_{pen}_{cost}[/tex]                                      

                                  = ¢4,000.00 + ¢210,000.00

                                  = ¢214,000.00.

Therefore, Afua paid ¢214,000.00 for 8 pencils and 5 pens.

(b) Now, let's calculate the new total cost after the price increase.

The price of a pencil increased by 20%, which means the new pencil cost is:

[tex]New_{pencil}_{cost}[/tex] = [tex]Pencil_{cost}[/tex]+ (20% × [tex]Pencil_{cost}[/tex])

                                  = ¢500.00 + (0.20 × ¢500.00)

                                  = ¢500.00 + ¢100.00

                                  = ¢600.00

Similarly, the price of a pen increased by 10%, which means the new pen cost is:

[tex]New_{pen}_{cost}[/tex] = [tex]Pen_{cost}[/tex] + (10% × [tex]Pen_{cost}[/tex])

                          = ¢42,000.00 + (0.10 × ¢42,000.00)

                          = ¢42,000.00 + ¢4,200.00

                          = ¢46,200.00

Now, we can find the total cost for 10 pencils and 8 pens with the increased prices:

Number of pencils to be bought, [tex]n_{pencils}_{new}[/tex] = 10

Number of pens to be bought, [tex]n_{pens}_{new}[/tex] = 8

Total cost of pencils with new prices,

[tex]Total_{pencil}_{cost}_{new}[/tex] =[tex]New_{pencil}_{cost}[/tex] × [tex]n_{pencils}_{new}[/tex]

                                        = ¢600.00 × 10

                                        = ¢6,000.00

Total cost of pens with new prices,

[tex]Total_{pen}_{cost}_{new}[/tex] = [tex]New_{pen}_{cost}[/tex] × [tex]n_{pens}_{new}[/tex]

                                    = ¢46,200.00 × 8

                                    = ¢369,600.00

Altogether, [tex]New_{total}_{cost}[/tex] = [tex]Total_{pencil}_{cost}_{new}[/tex] + [tex]Total_{pen}_{cost}_{new}[/tex]

                                               = ¢6,000.00 + ¢369,600.00

                                               = ¢375,600.00

Therefore, Afua will pay ¢375,600.00 for 10 pencils and 8 pens with the increased prices.

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Related Questions

Question 8 of 9
Use a calculator to find the correlation coefficient of the data set.

у
2
15
6
13
7
8
12
X
15
13
9
8
5
A. -0.909
B. 0.909
C. 0.953
D. -0.953

Answers

Actual data table :

X __ y

2 15

6 13

7 9

8 8

12 5

Answer:

0.953

Step-by-step explanation:

The question isnt well formatted :

The actual data:

X __ y

2 15

6 13

7 9

8 8

12 5

Using a correlation Coefficient calculator, the correlation Coefficient obtained by fitting the data is 0.953 which depicts a strong linear correlation between the x and y variable. This shows that the value of y increases with a corresponding increase in x values and vice versa.

​=
The solution set is
​ 1/2(10x+16)-13=-3/5(15x-35)

Answers

Answer: 13/7 or as a decimal 1.857142857

How did i get the answer:

Step 1: Simplify both sides of the equation.

so 1/2 of 10 is 5, 1/2 of 16 is 8

-3/5 of 15 is -9 and -3/5 of -35 is POSITIVE 21

all together should look like 5x+8+−13=−9x+21

(now we have to combine like terms)

8+ -13= -5

5x -5 = -9x+21

Step 2: Add 9x to both sides

5x + 9x= 14x

14x -5 = 21

Step 3: Add 5 to both sides.

21+5= 26

14x=26

Step 4: Divide both sides by 14.

26/14= 1.85714286 or 13/7

The solution is x= 13/7

GET 95 POINTS Let f(x) = 1/x and g(x)=x² + 6x. What
two numbers are not in the domain of fᵒg?
Separate your answers with a comma.

Answers

Answer:

hey there hope this answer helps you out

Step-by-step explanation:

we have two functions f(x) and g(x) such that

[tex]f(x) = \frac{1}{x} [/tex]

and

[tex]g(x) = {x}^{2} + 6x[/tex]

solving for f ° g, we'll substitute the x in f(x) by the value of g(x)

[tex]fog = \frac{1}{g(x)} [/tex]

[tex]fog \: = \frac{1}{ {x}^{2} + 6x } [/tex]

taking x common in denominator

[tex]fog = \frac{1}{x(x + 6)} [/tex]

for a function to exist it should not have 0 in its denominator

checking the values of x for which the denominator of f ° g becomes 0 :-

x = 0 and x = -6

so the function doesn't exist at values x = 0, -6

So, 0, -6 cannot be in the domain of f°g

write the expression x^2+8x-5 and x^2-4x-2 in the form (x+a)^2 +b

Answers

Oooo that’s a tough one let me go work it out ok


The length of a rectangle is 12 m and its diagonal is 15 m. find
the breadth and area of the rectangle.

Answers

Answer:

108 square metres

Step-by-step explanation:

A=√d square - l square

here

A = area

d= diagonal

l= length

what is the value of c? enter your answer in the box. round only your final answer to the nearest whole number.

Answers

Answer:

c ≈ 21

Step-by-step explanation:

By applying cosine rule in the given triangle ABC,

c² = a² + b² - 2abcos(C)

c² = (17)² + (10)² - 2(17)(10)cos(98.8°)

c² = 289 + 100 - 340(-0.1530)

c² = 441.015

c = 21

c ≈ 21

Find f(6), f(0), and f(-1)
f(x)=-7X​

Answers

Answer:

f(6)=-42

f(0)=0

f(-1)=7

Step-by-step explanation:

since f(x) =-7x

it implies that f(6),f(0) and f(-1) are all equal to f(x)

which is equal to -7x .

so wherever you find x you out it in the

function

vention 1 of 10
These box plots show daily low temperatures for a sample of days in two
different towns
TWINA
M
41
41
Town 1
1620
MI
D
10
152025 M3540
Degrees (0)
Which statement is the most appropriate comparison of the centers?
O A. The median temperature for both towns is 20"
B. The mean for town A, 30", is greater than the mean for town 8,25"
C. The median temperature for both towns is 30'
D. The median for town A, 30', is greater than the median for town B,
25
PREVIOUS
9 M

Answers

The format is a little weird

The awnser for this question

Answers

the answer is 52

c=cost, which is given to be $20

plug that in to the given equation, c=12.70+0.14t

so it’ll be
20 = 12.70 + 0.14t

subtract 12.70 from each side

7.30 = 0.14t

divide both sides by 0.14 to get t by itself

52.1 = t

round that to 52

Which of the following are exterior angles? Check all that apply.​

Answers

Answer:

B. <4

D. <5

Step-by-step explanation:

Exterior angle is the angle found outside the triangle. In the diagram given, angle 5 and angle 4 are located outside of the triangle, therefore, the exterior angles in the diagram given are <4 and <5.

The house-numbers on a certain street go from 1 to 88. The function B(n) models the type of the building whose number is n according to the following key:

(GRAPH ATTATCHED)

What number type is more appropriate for the domain of B?
A. Integer
B. Real Number

What's the appropriate domain?

Answers

Hello,

Answer A

[tex]dom (B(n)) =\{0,1,2,3\} =\{ z\ in \ \mathbb{Z} \ |\ 0 \leq z \leq 4\}[/tex]

Michael was 1.0 metres tall, and could
only reach up to the 1st floor lift button. .
From the 1st floor, he had to walk up 100
steps to reach the 6th floor.
Vinh was 1.4 metres tall, and could reach
the 5th floor button. He had to walk up
20 steps to reach the 6th floor.
Lucy was 1.1 metres tall. To reach the
6th floor, how many steps did she have to
walk up?

Answers

Answer:

Lucy must walk up 80 steps to reach the 6th floor.

Step-by-step explanation:

Since Michael was 1.0 meters tall, and could only reach up to the 1st floor lift button, and from the 1st floor, he had to walk up 100 steps to reach the 6th floor; while Vinh was 1.4 meters tall, and could reach the 5th floor button, and he had to walk up 20 steps to reach the 6th floor; If Lucy was 1.1 meters tall, to determine how many steps did she have to walk up to reach the 6th floor, the following calculation must be performed:

1 = 100

1.4 = 20

1.4 - 1 = 100 - 20

0.4 = 80

0.1 = X

0.1 x 80 / 0.4 = X

20 = X

100 - 20 = 80

Therefore, Lucy must walk up 80 steps to reach the 6th floor.

Solve the equation −96=3(8x)^(5/3).

Answers

Answer:

x= - 1

Step-by-step explanation:

solve the inequality 4t^2 ≤ 9t-2 please show steps and interval notation. thank you!​

Answers

Answer: [tex]t\in [\dfrac{1}{4},2][/tex]

Step-by-step explanation:

Given

Inequality is [tex]4t^2\leq9t-2[/tex]

Taking variables one side

[tex]\Rightarrow 4t^2-9t+2\leq0\\\Rightarrow 4t^2-8t-t+2\leq0\\\Rightarrow 4t(t-2)-1(t-2)\leq0\\\Rightarrow (4t-1)(t-2)\leq0[/tex]

Using wavy curve method

[tex]t\in [\dfrac{1}{4},2][/tex]

Find the missing term in the pattern.

Answers

Answer:

1/108

Step-by-step explanation:

each denominator triples, so just triple 36.

Answer:

1/108

Step-by-step explanation:

This is a geometric sequence, where each number is 3 times the previous. Normally you would use the actual formula, however you're just asked to pick up on a pattern so just multiplying the second number by 3 works.

I need help with this.

Answers

Answer:

A and b Are in quadrant 2. F and D are in quadrant 1. F is in quadrant 3 and C is in quadrant 4

Step-by-step explanation:

each quadrant is in the boxes and the question is asking what is each  coordinate is in what quadrant

Help please!!!!! I’m using Plato

Answers

Answer:

[tex]\frac{y^{6} }{ x^{2} }[/tex]

Step-by-step explanation:

[tex]y^{6} x^{-2}[/tex]

Answer and Step-by-step explanation:

When there is a set of values within parenthesis, and an exponents on the values and on the parenthesis, you multiply the outer exponent with the inner exponent.

When a value has a negative exponent, the value that has the negative exponent will become a fraction and go to the denominator of the fraction (or go immediately to the denominator), or if it is already a fraction, goes to the denominator. If the value that has the negative exponent is in the denominator, the value will go to the numerator. In both instances, the negative exponent will then change to positive.

First, we need to simplify the expression inside the parenthesis.

[tex]y^{\frac{3}{2} } x^{-\frac{1}{2} } --> \frac{y^{\frac{3}{2} } }{x^{\frac{1}{2}} }[/tex]

Now we multiply the 4 to the exponents.

[tex]\frac{y^{\frac{3}{2} *\frac{x4}{1} } }{x^{\frac{1}{2}}*\frac{4}{1} } = \frac{y^{\frac{12}{2}} }{x^{\frac{4}{2}}} = \frac{y^6}{x^2}[/tex]

[tex]\frac{y^6}{x^2}[/tex] is the answer.

#teamtrees #PAW (Plant And Water)

How many flowers spaced every 4 inches are needed to surround a circular garden with a 15-foot radius? Round all circumference and area calculations to the nearest whole number.

Answers

Answer:

283 flowers

Step-by-step explanation:

c=2pi*r

c = 1130.973 =1131

1131/4

282.75 = 283

The following data was collected from a survey in which people identified their average salaries over the past ten years. Identify the number of classes in the histogram.

Answers

Answer:

nine 9 classes in the histogram

To find the equation of a line, we need the slope of the line and a point on the line. Since we are requested to find the equation of the tangent line at the point (36, 6), we know that (36, 6) is a point on the line. So we just need to find its slope. The slope of a tangent line to f(x) at x

Answers

Answer:

[tex]m = \frac{1}{12}[/tex]

Step-by-step explanation:

Given

[tex](x,y) = (36,6)[/tex]

[tex]f(x) = \sqrt x[/tex] ----- the equation of the curve

Required

The slope of f(x)

The slope (m) is calculated using:

[tex]m = \lim_{h \to 0} \frac{f(a + h) - f(a)}{h}[/tex]

[tex](x,y) = (36,6)[/tex] implies that:

[tex]a = 36; f(a) = 6[/tex]

So, we have:

[tex]m = \lim_{h \to 0} \frac{f(a + h) - f(a)}{h}[/tex]

[tex]m = \lim_{h \to 0} \frac{f(36 + h) - 6}{h}[/tex]

If [tex]f(x) = \sqrt x[/tex]; then:

[tex]f(36 + h) = \sqrt{36 + h}[/tex]

So, we have:

[tex]m = \lim_{h \to 0} \frac{\sqrt{36 + h} - 6}{h}[/tex]

Multiply by: [tex]\sqrt{36 + h} + 6[/tex]

[tex]m = \lim_{h \to 0} \frac{(\sqrt{36 + h} - 6)(\sqrt{36 + h} + 6)}{h(\sqrt{36 + h} + 6)}[/tex]

Expand the numerator

[tex]m = \lim_{h \to 0} \frac{36 + h - 36}{h(\sqrt{36 + h} + 6)}[/tex]

Collect like terms

[tex]m = \lim_{h \to 0} \frac{36 - 36+ h }{h(\sqrt{36 + h} + 6)}[/tex]

[tex]m = \lim_{h \to 0} \frac{h }{h(\sqrt{36 + h} + 6)}[/tex]

Cancel out h

[tex]m = \lim_{h \to 0} \frac{1}{\sqrt{36 + h} + 6}[/tex]

[tex]h \to 0[/tex] implies that we substitute 0 for h;

So, we have:

[tex]m = \frac{1}{\sqrt{36 + 0} + 6}[/tex]

[tex]m = \frac{1}{\sqrt{36} + 6}[/tex]

[tex]m = \frac{1}{6 + 6}[/tex]

[tex]m = \frac{1}{12}[/tex]

Hence, the slope is 1/12

sin4x - cosx
---------------- = f(x) f^1(π/4) what is the derivative?
tanx

Answers

I think you are asked to find the value of the first derivative of f(x) at π/4. Given

[tex]f(x) = \dfrac{\sin(4x)-\cos(x)}{\tan(x)}[/tex]

use the quotient to differentiate and you get

[tex]f'(x) = \dfrac{\tan(x)(4\cos(4x)+\sin(x))-(\sin(4x)-\cos(x))\sec^2(x)}{\tan^2(x)}[/tex]

Then at x = π/4, you have

tan(π/4) = 1

cos(4•π/4) = cos(π) = -1

sin(π/4) = 1/√2

sin(4•π/4) = sin(π) = 0

cos(π/4) = 1/√2

sec(π/4) = √2

==>   f ' (π/4) = (1•(-4 + 1/√2) - (0 - 1/√2)•(√2)²) / 1² = -4 + 1/√2 + √2

The total cost (in dollars) of printing x dictionaries is C(x) = 20,000 + 10x. Find the average value of the cost function over the interval [0, 700).

Answers

Answer:

The average value of the cost function over the interval  is of $23,500.

Step-by-step explanation:

Average value of a function:

The average value of a function, over an inteval [a,b], is given by:

[tex]A = \frac{1}{b-a} \int_{a}^{b} f(x) dx[/tex]

In this case:

Function [tex]C(x) = 20000 - 10x[/tex], interval with [tex]a = 0,b = 700[/tex]

So

[tex]A = \frac{1}{700} \int_{0}^{700} 20000+10x dx[/tex]

[tex]A = \frac{1}{700} (20000x+5x^2)|_{0}^{700}[/tex]

So

[tex]A = \frac{20000(700)+5(700)^2}{700} = 23500[/tex]

The average value of the cost function over the interval  is of $23,500.

Can someone help me with this an my other work please?

Answers

The answer to your question is c
The answer is C. -1
The slope is -1 because in one unit of x, the y-value goes down one unit.

If a student walked 2 feet straight to the chalk board in 2 seconds and
then walked 2 feet back to his or her original position at his or her desk at
the same speed, what was the student's displacement at 2 seconds
compared to 0 seconds?
O 6 feet
O O feet
O2 feet
O 4 feet

Answers

Answer:

2 feet

Step-by-step explanation:

Displacement at 0 seconds is 0 feet.

Displacement at 2 seconds is 2 feet because it took them 2 seconds to walk 2 feet.

13. Given that
[tex] {x}^{2} + {y}^{2} + 10y + 16 = 0[/tex]
and
[tex] {(x - 3)}^{2} + {y}^{2} = 1[/tex] are two circles on the same plane. Find:
a) the coordinates of the center and the radius for each circle.
b) the equation of the straight line joining the center of both circles.​

Answers

step by step explanation:

[tex]\mathfrak{x}^{2}+{y}^{2}+16=0[/tex]

=[x2+16=0x26]

=[2x{y}^2{16}~0]

=[4×{y}^0{16}]

=[32x{y}^x]

A service station has both self-service and full-service islands. On each island, there is a single regular unleaded pump with two hoses. Let X denote the number of hoses being used on the self-service island at a particular time, and let Y denote the number of hoses on the full-service island in use at that time. The joint pmf of X and Y appears in the accompanying tabulation.
p(x, y) y
0 1 2
x 0 0.10 0.03 0.01
1 0 08 0.20 0.06
2 0.05 0.14 0.33
(a) Given that X = 1, determine the conditional pmf of Y�i.e., pY|X(0|1), pY|X(1|1), pY|X(2|1).
(b) Given that two hoses are in use at the self-service island, what is the conditional pmf of the number of hoses in use on the full-service island?
(c) Use the result of part (b) to calculate the conditional probability P(Y ? 1 | X = 2).
(d) Given that two hoses are in use at the full-service island, what is the conditional pmf of the number in use at the self-service island?

Answers

Answer:

(a): The conditional pmf of Y when X = 1

[tex]p_{Y|X}(0|1) = 0.2353[/tex]

[tex]p_{Y|X}(1|1) = 0.5882[/tex]

[tex]p_{Y|X}(2|1) = 0.1765[/tex]

(b): The conditional pmf of Y when X = 2

[tex]p_{Y|X}(0|2) = 0.0962[/tex]

[tex]p_{Y|X}(1|2) = 0.2692[/tex]

[tex]p_{Y|X}(2|2) = 0.6346[/tex]

(c): From (b) calculate P(Y<=1 | X =2)

[tex]P(Y\le1 | X =2) = 0.3654[/tex]

(d): The conditional pmf of X when Y = 2

[tex]p_{X|Y}(0|2) = 0.025[/tex]

[tex]p_{X|Y}(1|2) = 0.150[/tex]

[tex]p_{X|Y}(2|2) = 0.825[/tex]

Step-by-step explanation:

Given

The above table

Solving (a): The conditional pmf of Y when X = 1

This implies that we calculate

[tex]p_{Y|X}(0|1), p_{Y|X}(1|1), p_{Y|X}(2|1)[/tex]

So, we have:

[tex]p_{Y|X}(0|1) = \frac{p(y = 0\ n\ x = 1)}{p(x = 1)}[/tex]

Reading the data from the given table, the equation becomes

[tex]p_{Y|X}(0|1) = \frac{0.08}{0.08+0.20+0.06}[/tex]

[tex]p_{Y|X}(0|1) = \frac{0.08}{0.34}[/tex]

[tex]p_{Y|X}(0|1) = 0.2353[/tex]

Using the format of the above formula for the rest, we have:

[tex]p_{Y|X}(1|1) = \frac{0.20}{0.34}[/tex]

[tex]p_{Y|X}(1|1) = 0.5882[/tex]

[tex]p_{Y|X}(2|1) = \frac{0.06}{0.34}[/tex]

[tex]p_{Y|X}(2|1) = 0.1765[/tex]

Solving (b): The conditional pmf of Y when X = 2

This implies that we calculate

[tex]p_{Y|X}(0|2), p_{Y|X}(1|2), p_{Y|X}(2|2)[/tex]

So, we have:

[tex]p_{Y|X}(0|2) = \frac{p(y = 0\ n\ x = 2)}{p(x = 2)}[/tex]

Reading the data from the given table, the equation becomes

[tex]p_{Y|X}(0|2) = \frac{0.05}{0.05+0.14+0.33}[/tex]

[tex]p_{Y|X}(0|2) = \frac{0.05}{0.52}[/tex]

[tex]p_{Y|X}(0|2) = 0.0962[/tex]

Using the format of the above formula for the rest, we have:

[tex]p_{Y|X}(1|2) = \frac{0.14}{0.52}[/tex]

[tex]p_{Y|X}(1|2) = 0.2692[/tex]

[tex]p_{Y|X}(2|2) = \frac{0.33}{0.52}[/tex]

[tex]p_{Y|X}(2|2) = 0.6346[/tex]

Solving (c): From (b) calculate P(Y<=1 | X =2)

To do this, where Y = 0 or 1

So, we have:

[tex]P(Y\le1 | X =2) = P_{Y|X}(0|2) + P_{Y|X}(1|2)[/tex]

[tex]P(Y\le1 | X =2) = 0.0962 + 0.2692[/tex]

[tex]P(Y\le1 | X =2) = 0.3654[/tex]

Solving (d): The conditional pmf of X when Y = 2

This implies that we calculate

[tex]p_{X|Y}(0|2), p_{X|Y}(1|2), p_{X|Y}(2|2)[/tex]

So, we have:

[tex]p_{X|Y}(0|2) = \frac{p(x = 0\ n\ y = 2)}{p(y = 2)}[/tex]

Reading the data from the given table, the equation becomes

[tex]p_{X|Y}(0|2) = \frac{0.01}{0.01+0.06+0.33}[/tex]

[tex]p_{X|Y}(0|2) = \frac{0.01}{0.40}[/tex]

[tex]p_{X|Y}(0|2) = 0.025[/tex]

Using the format of the above formula for the rest, we have:

[tex]p_{X|Y}(1|2) = \frac{0.06}{0.40}[/tex]

[tex]p_{X|Y}(1|2) = 0.150[/tex]

[tex]p_{X|Y}(2|2) = \frac{0.33}{0.40}[/tex]

[tex]p_{X|Y}(2|2) = 0.825[/tex]

Two functions, A and B, are described as follows: Function A y = 9x + 4 Function B The rate of change is 3 and the y-intercept is 4. How much more is the rate of change of function A than the rate of change of function B?

2
3
6
9​

Answers

Answer:

[tex]{ \tt{rate \: of \: change \: in \: A = 9}}[/tex]

Rate of change in function A is two times than that in function B

Which system of equations shows a solution of (0.5, -1)?
Need answers asap plzzz

Answers

Answer:

The first graph

Step-by-step explanation:

You can afford a $950 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How much of that money is interest?

Answers

Answer:

129469.3194

342000

212530.6806

Step-by-step explanation:

Going to assume that the 8% is a nominal, montly rate

which means the effective monthly rate is .08/12= .006667

using the annuity immediate formula...

a.)

[tex]950(\frac{1-(1+.006667)^{-30*12}}{.006667})=129469.3194[/tex]

b.) we would pay 950*30*12= 342000

c.) the amount in interest would be 342000-129469.3194=212530.6806

a) The loan one can afford is $1,29,460.2

b) The total amount of money paid to the loan company over the life of the loan is $342,000.

c)  $212539.8 of the total amount paid is interest.

To determine the answers to these questions, we'll need to use the formula for calculating a fixed monthly mortgage payment:

[tex]M = \frac{P \times r \times (1 + r)^n}{((1 + r)^n - 1)}[/tex]

where:

M is the monthly payment,

P is the principal loan amount,

r is the monthly interest rate (annual interest rate divided by 12),

and n is the total number of payments (number of years multiplied by 12).

Given:

Monthly payment (M) = $950

Loan term = 30 years

Interest rate = 8% per year

a) How big of a loan can you afford?

Let's calculate the principal loan amount (P):

First, we need to convert the annual interest rate to a monthly interest rate:

r = 0.08 / 12

= 0.00667

n = 30 years × 12 months

n= 360

Using the formula and plugging in the values we have:

[tex]950 = \frac{P \times 0.00667 \times (1 + 0.00667)^{360}}{((1 + 0.00667)^{360} - 1)}[/tex]

[tex]950 = \frac{P \times 0.00667 \times 10.948}{10.948 - 1}[/tex]

[tex]950=\frac{P \times 0.07302316}{9.948}[/tex]

[tex]950\times9.948 = 0.0730P[/tex]

Divide by 0.073:

Now we can solve for P:

[tex]P=\frac{9450.6}{0.0730}[/tex]

[tex]P = 1,29,460.2[/tex]

Therefore, you can afford a loan amount of $1,29,460.2

b) The total amount paid to the loan company can be calculated by multiplying the monthly payment by the total number of payments:

Total amount = Monthly payment × Total number of payments

Total amount =[tex]$950 \times 360[/tex]

Total amount = [tex]342,000[/tex]

Therefore, the total amount of money paid to the loan company over the life of the loan is $342,000.

c) To find out how much of the total amount paid is interest, we can subtract the principal loan amount from the total amount:

Interest = Total amount - Principal loan amount

Interest = [tex]342,000 - 129460.2[/tex]

=$212539.8

Therefore, $212539.8 of the total amount paid is interest.

To learn more on Simple Interest click:

https://brainly.com/question/30964674

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Please help

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m∠5 = x-6, m∠4 = 2x+4, m∠2 = 2x-26

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There is no X in the photo
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