Sarah has a credit card balance of $9,450 with an APR of 17%. With her current budgeted payment, Sarah will be able to pay off this debt in 36 months. But Sarah’s best friend just invited her to spend two months in Europe with her in 9 months. Wanting to have her credit card balance paid off before she goes to Europe, Sarah decides to take on a second job. What additional monthly income will Sarah need in order to pay off her credit card in 9 months?
a.
$336.92
b.
$467.23
c.
$788.85
d.
$1125.77

Answers

Answer 1

Sarah needs an additional monthly income of $1125.77 to pay off her credit card in 9 months.

What is an expression?

An expression contains one or more terms with addition, subtraction, multiplication, and division.

We always combine the like terms in an expression when we simplify.

We also keep all the like terms on one side of the expression if we are dealing with two sides of an expression.

Example:

1 + 3x + 4y = 7 is an expression.

3 + 4 is an expression.

2 x 4 + 6 x 7 – 9 is an expression.

33 + 77 – 88 is an expression.

We have,

Using the information given,

We can find the current monthly payment Sarah is making using the formula for the present value of an annuity:

[tex]PMT = PV \times r \times (1 + r)^n / [(1 + r)^{n - 1}][/tex]

where PV is the present value (balance), r is the monthly interest rate (APR/12), and n is the number of months (36).

PMT.

[tex]= 9450 \times 0.17/12 \times (1 + 0.17/12)^{36} / [(1 + 0.17/12)^{36} - 1][/tex]

= $338.48

To pay off the balance in 9 months, Sarah needs to increase her monthly payment.

Let's call this additional payment x.

Then, we have:

[tex]9450 \times 1.17^{9/12} = (338.48 + x) \times ((1 + 0.17/12)^{9 - 1}) / (0.17/12)\\[/tex]

Solving for x, we get:

x = $1125.77

Therefore,

Sarah needs an additional monthly income of $1125.77 to pay off her credit card in 9 months.

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Related Questions

{2x + 3y = 10 -6x + y = 20 si se resuelve por el metodo de igualación ¿ cual es la igualdad que resulta si se despeja la variable y de ambas ecuaciones?​

Answers

Answer:

Step-by-step explanation:

So im gonna be using the substitution method because its easier

We divide the equations into two and solve for y

-6x+y=20

We add 6x to both sides

-6x+y+6x=20+6x

y=6x+20

Now we plug in 6x+20 for y into the other equation

2x+3y=10

2x+3(6x+20)=10 We can simplify now

20x+60=10

20x=-50

take 20 from both sides so its gonna be a fraction

-5/2

We plug in -5/2 for x

y=6(-5/2)+20

y=5

]so therefore x is -5/2 and y is 5

珠ɪᴢᴜᴍɪᴿᴬᴳᴱ

The equality of the expression after removing y by substituting y is 2x + 21 = 10 - 6x + 7 = 20.

What is the equation?

There are many different ways to define an equation. The definition of an equation in algebra is a mathematical statement that demonstrates the equality of 2 mathematical expressions.

More than one variable may be present inside a linear equation. An equation is said to be linear if the maximum power of the variable is consistently unity.

A formula known as an equation uses the same sign to denote the equality of two expressions.

In another word, the equation must be constrained with some constraints.

Given the expression,

2x + 3y = 10 -6x + y = 20

So,

2x + 3y = 20 and  10 - 6x + y = 20

To remove y we need to find y and substitute.

So by substituting,

10 - 6(20 - 3y)/2 + y = 20

y = 7

So,

2x + 21 = 10 - 6x + 7 = 20

Hence "The equality of the expression after removing y by substituting y is 2x + 21 = 10 - 6x + 7 = 20".

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The given question is in the Spanish language in English it is ;

{2x + 3y = 10 -6x + y = 20 if it is solved by the equalization method, what is the equality that results if the variable y is cleared from both equations?

Simplify to create an equivalent expression.
(3n+6)⋅3+(2n+2)⋅4

Please help as soon as possible. Thanks! =D

Answers

Answer:

i don"t know ask your mom

Answer:

[tex](9n + 18) + (8n + 8) \\ = (9n + 8n) + (18 + 8) \\ = 17n + 26[/tex]

Seven less than twice a
number is negative five.
What is the number?

Answers

Answer:

n = 1

Step-by-step explanation:

Represent the number by n.  Then "seven less than twice a number is -5 becomes 2n - 7 = -5

Next we must solve for n.  Adding 7 to both sides yields 2n = 2, so that

n = 1

Which set of angle measures could be the measures of the interior angles of a triangle?
60°, 45°, and 70°
30°, 85°, and 25°
55°, 90°, and 35°
119°, 15°, and 45°

Answers

Answer:

55°,90°,35°

Step-by-step explanation:

the sum of interior in a triangle is 180° and 55 +90+35=180

Pleas Help!!! I keep getting scammed!!!


Evaluate the expression for the given values of the variables.

(n + 5)2 for n = −7

When n = −7, the expression is equal to...

Answers

-4

Step-by-step explanation:

(n + 5)2 for n = -7

= (-7 + 5)2

= (-2)2

= -4

Another way :

(n + 5)2

= 2n + 10

= 2(-7) + 10

= -14 + 10

= -4

Noah has a box of coins in his room. The box currently
contains 40 coins, consisting of pennies, dimes, and
quarters. The number of pennies is equal to the
number of dimes, and the total value of the coins is
$8.05. How many of each type of coin does Noah have
in the box?

Answers

The currency called the dollar can be divided or reduced into smaller forms also known as pennies, quarters, nickels and dimes.

The number of pennies is 5, the number of dimes is 5, the number of quarters is 30.

It is important to note that

a penny = $0.01

a dime = $0.10

a quarter = $0.25

Let's represent the number of

pennies = p

dimes = d

quarters = q

The number of pennies is equal to the  number of dimes, hence:

p = q, so we can represent the number of pennies and dimes as y

The box currently  contains 40 coins

So: 40 = y + y + q

q = 40 - 2y...........Equation 1

The total value of the coins is $8.05

So: 0.01y + 0.1y + 0.25q = 8.05 ........... Equation 2

We substitute 40 - 2y for q in Equation 2

0.01y + 0.1y + 0.25(40 - 2y) = 8.05

0.01y + 0.1y + 10 - 0.5y = 8.05

Collect like terms

0.01y + 0.1y - 0.5y = 8.05 - 10

-0.39y = -1.95

Divide both sides by -0.39

-0.39y/-0.39 = -1.95/0.39

y = 5

Since y represents the number of pennies and dimes,  the number of pennies is 5 and the number of quarters is 5.

To solve for the number quarters, we would use equation 1

q = 40 - 2y...........Equation 1

q = 40 - 2 x 5

q = 40 - 10

q = 30

The number of quarters is 30.

Therefore, we have 5 pennies, 5 dimes, and 30 quarters.

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What are the correct solutions to the quadratic
equation y2 – 13y + 40 = 0?

Answers

y = -5

or

y = -8

Answer above!

Jenna d be d de







Men ene

Which of the following expressions is equivalent to 25÷78?
A
25×78

B
52×78

C
52×87

D
25×87

Answers

Answer:

c because there's no answer to the other equation and I already use math for it and it's the answer

find the width of radius r if the width w of the shaded region is 2cm and its area is 176cm^2, use 22/7 for pi (its a full circle)

Answers

The area of a shape is the amount of space it can occupy.

The value of r is 13

From the question (see attachment), we have:

[tex]\mathbf{A =176}[/tex] --- area of the shaded region

[tex]\mathbf{w = 2}[/tex] --- the width of the shaded region

The area of the complete circle would be:

[tex]\mathbf{A_1 =\pi (r + w)^2}[/tex]

The area of the small circle is:

[tex]\mathbf{A_2 =\pi r^2}[/tex]

So, the area of the shaded region is:

[tex]\mathbf{A = A_1 - A_2}[/tex]

Substitute known values

[tex]\mathbf{176 =\pi (r + w)^2 - \pi r^2 }[/tex]

Substitute 2 for w

[tex]\mathbf{176 =\pi (r + 2)^2 - \pi r^2 }[/tex]

Expand

[tex]\mathbf{176 =\pi (r^2 + 4r + 4) - \pi r^2 }[/tex]

Open brackets

[tex]\mathbf{176 =\pi r^2 + 4\pi r + 4\pi - \pi r^2 }[/tex]

Cancel out line terms

[tex]\mathbf{176 =4\pi r + 4\pi }[/tex]

Divide through by 4

[tex]\mathbf{44 =\pi r + \pi }[/tex]

Factor out pi

[tex]\mathbf{44 =\pi(r+ 1) }[/tex]

Divide through by pi

[tex]\mathbf{r + 1= \frac{44}{ \pi} }[/tex]

Substitute 22/7 for pi

[tex]\mathbf{r + 1= \frac{44}{ 22/7} }[/tex]

Using a calculator, we have

[tex]\mathbf{r + 1= 14}[/tex]

Solve for r

[tex]\mathbf{r= 14 -1}[/tex]

[tex]\mathbf{r= 13}[/tex]

Hence, the value of r is 13

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What quantities are being compared? (If there are x- and y- axes, what do they represent?)

Answers

Answer:

The independent variable belongs on the x-axis (horizontal line) of the graph and the dependent variable belongs on the y-axis (vertical line).

Aiko spends 2.5 hours baking croissants for a community center bake sale. She bakes the 90 croissants in 5 batches. Determine the number of batches Aiko baked per hour
Determine what is the independent and dependent.

Answers

Answer:

5/2.5 is 2. Airó makes 2 batches in an hour.

Step-by-step explanation:

i think..

Simplify the expression shown

Answers

46.5 is your answer

You start by doing 9x6=54
Then 54-7.5=46.5

Answer:

46.5

Step-by-step explanation:

9×6=54

54-7.5=46.5

an animal sanctuary currently has 125 elk in it. the elk are expected to increase by 20% each yea. How many elk will there be in 3 years

Answers

I think it is 200.

I multiplied 125 with .2 and I got 25.
I added 25 three times to get 200.

Kasey is buying lunch and dinner for her friends this weekend. A lunch combo cost $8.50 and a dinner combo cost $13, If Kasey has $160 to spend then write an inequality that describes the situation.​

Answers

Answer:

8.50x plus 13y equals 160

select the exspressions that are equivalent to 6(3p +2)+2

Answers

Answer:

18p + 14

Step-by-step explanation:

6

(

3

+

2

)

+

2

{\color{#c92786}{6(3p+2)}}+2

6(3p+2)+2

1

8

+

1

2

+

2

What ratios are equivalent to 1/16

Answers

Answer:

1:6

Step-by-step explanation:

A part-to-whole ratio of 1:6 means that there is 1 of something and the total is 6. It also means that there are 5 of something else. To convert a Part-to-Whole ratio such as 1:6, you replace the colon with a fraction bar to get this answer:

1:6 → 1/6

Helpppppp!!!!!!!!!!!

Answers

Answer:

c

Step-by-step explanation:

Answer:

D

Step-by-step explanation:

A converse to a statement is switching the IF part with the THEN part.

Since the statement says  IF point B bisects the line, THEN B is the midpoint.

The converse would then say

IF B is the midpoint, THEN point B bisects the line.

Students were asked which night they plan
going to the school festival. The results of the survey
are shown in the table. If 18% of the students did not
go on Friday, and 15% of the students did not go on
Saturday, how many more students went on Friday
than on Saturday?
Pls help

Answers

Answer:3% went on Friday than on Saturday

Step-by-step explanation:

Can someone help me out???
How could you use the hexagon you constructed to create a 12-sided figure?

Answers

Answer:

to create this figure, connect the three sets of opiate points of the hexagon. Construction angle bisectors for each new angle, creating six new intersections with the circle, for a total of 12 points. Connect the points to make a regular 12-sided polygon.

Step-by-step explanation:

What fraction is equivalent to 0.5 + 0.4

Answers

Answer:

9/10

Step-by-step explanation:

I used a calculator ! :)

2x+20=12x by first subtracting 20 from each side what property allows you to do so does it help you get closer to finding a solution what is a better first step

Answers

Answer:

Step-by-step explanation:

2x+20=12x

We can subtract 2x from both sides:

2x+20-2x=12x-2x

20=10x

20/10=x

x=2

What is the approximate value of 2–√, to the nearest whole number?

Answers

[tex]2 - \sqrt{1} \\ = 2 - 1 \\ = 1[/tex]

4x+5>x+3+3x
Solve for x

Answers

Answer:

Maybe 16

Step-by-step explanation:

what is the value of c such that the line y=2x+3 is tangent to the parabola y=cx^2

Answers

The value of [tex]c[/tex] such that the line [tex]y = 2\cdot x + 3[/tex] is tangent to the parabola [tex]y = c\cdot x^{2}[/tex] is [tex]-\frac{1}{3}[/tex].

If [tex]y = 2\cdot x + 3[/tex] is a line tangent to the parabola [tex]y = c\cdot x^{2}[/tex], then we must observe the following condition, that is, the slope of the line is equal to the first derivative of the parabola:

[tex]2\cdot c \cdot x = 2[/tex] (1)

Then, we have the following system of equations:

[tex]y = 2\cdot x + 3[/tex] (1)

[tex]y = c\cdot x^{2}[/tex] (2)

[tex]c\cdot x = 1[/tex] (3)

Whose solution is shown below:

By (3):

[tex]c =\frac{1}{x}[/tex]

(3) in (2):

[tex]y = x[/tex] (4)

(4) in (1):

[tex]y = -3[/tex]

[tex]x = -3[/tex]

[tex]c = -\frac{1}{3}[/tex]

The value of [tex]c[/tex] such that the line [tex]y = 2\cdot x + 3[/tex] is tangent to the parabola [tex]y = c\cdot x^{2}[/tex] is [tex]-\frac{1}{3}[/tex].

We kindly invite to check this question on tangent lines: https://brainly.com/question/13424370

Cortney had 5 pieces of candy Cortney ate 1 piece how many pieces does Cortney have left?

Answers

4. 5-1=4. Hope this helps :)

10x-1/3y=15

solve for y

Answers

Answer:

[tex]y = \frac{10x - 1}{45} \\ [/tex]

Step-by-step explanation:

[tex] \frac{10x - 1}{3y} = 15 \\ 10x - 1 = 15 \times 3y \\ 10x - 1 = 45y \\ \frac{10x - 1}{45} = y \\ [/tex]

how to multiply mixed fractions with whole numbers

Answers

Answer:

Step-by-step explanation:

Example: (1 2/3) (2 3/5)

Turn to improper fractions

1 2/3= 5/3   2 3/5= 13/5

5/3 x 13/5=?

5x13= 65

3x5= 15

Simplify/divide: 65/15 = 4 1/3

Another example. (2 5/6)(3)

Improper fraction:  2 5/6= 17/6

Turn Whole number to fraction: 3= 3/1

17/6 x 3/1

17x3= 51

6x1= 6

51/6

Simplify/divide: 8 1/2

Answer for brainily fast

Answers

Hello there!

This triangle is equilateral. Therefore, all the sides are equal.

We are given one of them. It is 12 units.

Therefore, all the other sides are 12 units long.

So a=12

Hope this helps you! :)

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[tex]GraceRosalia[/tex]

6 adults & 4 senior citizens have to pay $228 while 13 adults and 7 senior citizens have to pay $459 to visit an exhibition at the Art science Museum . Find the total amount 2 adults & Senior citizen have to pay to visit the exhibition.​

Answers

Answer: Rs. 69

Step-by-step explanation:

Let the amount that the adults have to pay be Rs. “x” and the amount that the senior citizens have to pay be Rs. “y”.

Step 1:

According to the question, we get

Equation 1:

6x + 4y = 228  

Equation 2:

13x + 7y = 459  

Step 2:

Then, by multiplying equation 1 by 7 & equation 2 by 4, we get

7 * [6x + 4y = 228]

⇒ 42x + 28y = 1596 …. (iii)  

And,

4 * [13x + 7y = 459]

⇒ 52x + 28y = 1836 …. (iv)

Step 3:

Now, Subtracting eq. (iii) from eq. (iv), we get

52x + 28y = 1836

42x + 28y = 1596

(-)    (-)         (-)

---------------------------

10 x = 240

----------------------------

⇒ x = 240/10 = 24

Substituting the value of x in Eq. (1)

(6*24) + 4y = 228  

⇒ y = [228 - 144]/4 = 21

Step 4:

Thus,  

The total amount that 2 adults and a senior citizen have to pay to visit the exhibition is,

= 2x + y

= (2*24) + 21 ….. [substituting x= 24 & y = 21]

= Rs. 69

Step-by-step explanation:

Hope this helps

can i get braineist

16 is the least common multiple of which set of numbers?

Answers

probably 4
4x4=16
have a nice day
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