The formula for the installment price of an item purchased with financing is Installment price = Total of installment payments + Down payment. The formula can be written in symbols as I = T + D. Wallpaper costs $12.97 per roll and a kitchen requires 9 rolls. What is the cost of the wallpaper needed to paper the kitchen? Wilson’s Auto, Inc., has 37 employees and a weekly payroll of $10,878. If each employee makes the same amount, how much does each make? Jacob Kennedy borrowed $30,000 to start up his consulting business. The loan had a simple interest rate of 6.2% for 3 years. Use the formula I = PRT to find the amount of interest he will pay on the loan. I = interest; P = principal; R = rate (expressed as a decimal 0.062); T = time in years A car odometer increased from 37,580.3 to 42,719.6. What was the increase? A number decreased from 486 to 104. Find the amount of decrease.
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