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speed boats for sale
speed boats for sale
Math word problem ? = i dont get ... ?


ryan wants to buy a speedboat that is normally priced at 12,499 this month it on sale for 10,999 to buy it now he would have to borrow 8000 at 5% simple intrest for 2 years. What is the amount of intrest that ryan would pay on this loan?

a-400
b-405
c-800
d-820

How much will he save if he borrows to buy the speed boat now rather than waiting to pay cash??

a-680
b-700
c-2,999
d-4,499

A stove costs 525 on the instalment plan. You must make A DOWN payment of 75 dollars and make payment for 15 months. What will be the amount of your monthly payments??

a-30.00
b-35.00
c-37.50
d-40.00

Part 1: The only vital information is: "to buy it now he would have to borrow 8000 at 5% simple interest".

**** This sentence is missing the word "yearly". That is, the interest is: 5% per year on the $8000.****

All else is extra information for this part.

$8000 x 5% per year x 2 years=$8000x 5/100 x 2 = $40000/100 x 2 =$400 x 2=$800 So (c).
-----------------------------------------------------------------------------------------------
Part 2: "if he borrows to buy the speed boat now" means he will pay $10,999+interest=$10,999+$800=$11,799

If waiting to pay cash - the price will return to $12,499.
So he will pay more.
His savings are: $12,499-$11,799=$700 So (b)
----------------------------------------------------------------------------------------------
Part 3: After paying $75, you will owe $525 - $75 = $450.
You will make 15 equal payments of: $450 / 15 = $30. So (a)



No items matching your keywords were found.


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How to Buy Speed Boats : Negotiating Speed Boat Prices

{ 3 comments }

Catalina Swim Marathon, Catalina Boiler Call Us Four February 18, 2011 at 6:09 am

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jslinderml June 29, 2011 at 3:50 am

Since you have a bill of sale ask DMV to run a registration check on it. That will tell you who own the car and if it is stolen. Be sure to include not only the license of the car, but V.I.N. as well. If the car is stolen or a bank has title to the car, the seller committed fraud. You could also ask the police department to do the same. If the car is stolen you will have covered yourself and you can make out a report at the same time. The car will be impounded at that time. If the car title is in the name of the bank, you will have other options, but you will most likely loose the car unless the seller comes up with the cash to pay the bank off.
Good luck.

CULCHIE 4 LIFE August 16, 2011 at 12:23 pm

haha i get it fuunnny hehe

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