Follow the steps above and find c, the total of the payments, and the monthly payment. choose the right answers. tom slick buys a set of tires for his car. the price, including tax, is $950.00. tom finances the tires over 12 months after making a $50 down payment. the true annual interest rate is 18%. what are his monthly payments (principal plus interest)? to the nearest penny, c = $. total of payments = amount financed + c = $. total of payments ÷ number of payments = monthly payment = $.

Monthly payment = $81.20

Step-by-step explanation:

The tires price including tax = $950

The down payment = $50

Remaining amount = $950 - $50 = $900

He has to take loan for $900

P = $900

Rate per monthly =18%/12 = 18/100 ÷12 = 0.18÷12 =0.015

n =12 months

Here we have to use the formula

Monthly payment = [p*r*(1+r)^n ÷ (1 + r)^n - 1]

= (900*0.015*(1+0.015)^12 / (1+0.015)^12 - 1)

= (13.50*1.015^12) ÷ [(1.015)^12 -1]

= 16.14 ÷ [ 1.20 -1]

=16.24 ÷0.20

= $81.20

Monthly payment = $81.20

Thank you.

answer: solve 5\cdot 2^x=2405⋅2  

x

=2405, dot, 2, start superscript, x, end superscript, equals, 240.

solution

to solve for xxx, we must first isolate the exponential part. to do this, divide both sides by 555 as shown below. we do not multiply the 555 and the 222 as this goes against the order of operations!

\begin{aligned} 5\cdot 2^x& =240 2^x& =48 \\ \end{aligned}  

5⋅2  

x

2  

x

​    

=240

=48

​

step-by-step explanation:

that one look

step-by-step explanation: