2. Sam purchased a car for $25,000. He paid 10% of the cost as a down payment and financed the balance amount at 7% compounded monthly for
five years. What is the size of the payment made at the end of each month to
settle the loan? (3 marks)

mean, 40.6

step-by-step explanation:

answer is 12345678900987654321234567890987654321

step-by-step explanation:

d

step-by-step explanation:

system of linear equation

step-by-step explanation:

as given in the data

a= 20 , b= -12

let us suppose that it is a straight line equation

now we know the formula for the system of linear equation

b= ma + c )

here m is slope of a straight line which is equal to formula

m=   (ii)

and here c is a constant

now putting the value of a and b in equation (ii)

m=

m=

putting the value of a,b and m in equation (i) gives us

-12 = + c

-12=-12 + c

adding 12 to both sides

-12 +12 = -12 +12 +c

0 =c

or c=0

as the value of the constant is zero which gives us that it is a linear equation and this order pair satisfies the system of linear equations.