A man buys a car priced at $3,300. He agrees to pay each month, beginning one month after the purchase date, $100 on the debt plus an interest charge of 1% of the debt outstanding during the month. Find the total amount which the buyer will pay.
@catlover5925
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OpenStudy (catlover5925):
do you have answer choices??
OpenStudy (anonymous):
umm oh yes sorry
OpenStudy (catlover5925):
can you post them plz
OpenStudy (anonymous):
im so sorry it take 2 minutes :(
OpenStudy (anonymous):
A.3600
b.1700
c.6500
d.2600
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OpenStudy (anonymous):
|dw:1417984094387:dw|
OpenStudy (catlover5925):
aahhh i have no clue sorry @jordanloveangel @mathmath333 @Kit_Kat_Nat_<3
OpenStudy (anonymous):
i thought ur smart at math ok thanks :(
OpenStudy (catlover5925):
i am just not good this these problems sorry
OpenStudy (anonymous):
its ok :( but can anyone help me
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OpenStudy (catlover5925):
@perl
OpenStudy (anonymous):
she is not online
OpenStudy (anonymous):
found one cat thx for ur help
OpenStudy (catlover5925):
np
OpenStudy (catlover5925):
sorry i cont help
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OpenStudy (anonymous):
i got 2740
OpenStudy (aaliyahfairgood):
so the interest rate is 1 out of 100 so each the interest goes up, its by one dollar
OpenStudy (aaliyahfairgood):
still solving
OpenStudy (anonymous):
giving out medals for helping me
OpenStudy (aaliyahfairgood):
so he is paying each month while being charged with interest
*still solving
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OpenStudy (anonymous):
im confused
OpenStudy (dtan5457):
tricky wording..not sure what they are asking. hm...
OpenStudy (anonymous):
A man buys a car priced at $3,300. He agrees to pay each month, beginning one month after the purchase date, $100 on the debt plus an interest charge of 1% of the debt outstanding during the month. Find the total amount which the buyer will pay.
OpenStudy (aaliyahfairgood):
so each month since he is in debt, it goes up a dollar per month, the first month he pays 100, the second 101, the third 102, etc.
OpenStudy (anonymous):
so what is the answer
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OpenStudy (aaliyahfairgood):
still solving
OpenStudy (dtan5457):
@SolomonZelman
OpenStudy (aaliyahfairgood):
wait I did that backwards, the debt is 33 dollars per month,
still solving
OpenStudy (anonymous):
@SolomonZelman
OpenStudy (aaliyahfairgood):
minus 100 dollar debt
which makes the interest harder
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