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)

step-by-step explanation:

use pothagarean therom

a^2+b^2=c^2 so first ac

acm is a right triangle because c= 90°

and am (the hypotenuse or c) =16+9 =25

but there is not enough info we need another angle or side length

step-by-step explanation:

part a. the differences are decreasing, so we know the sequence is not arithmetic. the ratios are constant (=3/4), so we know the sequence is geometric.

part b. from part a, we know the common ratio is 3/4, so each term is 3/4 of the one before. the initial term is the number of gallons at h=1.

g[h] = (3/4)·g[h-1]

g[1] = 384 . . . . initial value required for a recursive definition

part c. the general formula for a geometric sequence is

a[n] = a[1]·r^(n-1)

we have a[1] = 384, r = 3/4, and the term number given by h. the formula that follows is

g[h] = 384·(3/4)^(h-1)

part d. filling in the value and doing the arithmetic, we have

g[12] = 384·(3/4)^11 ≈ 384·0.042235136 ≈ 16.2183 . . gallons

part e. each gallon is 4 quarts, so

16.2183 gal × 4 qt/gal = 64.8732 qt