Ireally need some with this, it's confusing me something fierce. could you do a step by step if possible, . choose the correct answer. mike morgan has a $83,098.59 loan. he paid $1,000 in fees and $4,900 in total interest the first year. if the apr is the finance charge (interest plus fees) for one year ÷ amount financed, what was the apr for that year? a) 7.5 b) 7.1 c) 7.3

Total of fees: 1,000 + 4,900 = 5,900

You are told the APR is the total fees divided by the amount financed, so divide the total fees by the amount financed:

5,900 / 83,098.59 = 0.71

0.71 x 100 = 7.1% APR.

The answer is B.

x = -3

y = -18

step-by-step explanation:

to solve by substitution, substitute one variable and solve for the other. then substitute again to find the remaining variable.

x-1/3(3x-9) = -3 since y=3x-9 substittute y.

x-1/3(3x-9)=-3

x + x +3 = -3

2x+3=-3

2x+3-3= -3-3

2x=-6

x=-3

substitute again into y=3x-9

y=3(-3)-9

y=-9-9

y=-18

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step-by-step explanation:

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