Mr X arranges to pay off a Debt of #9600 in 48 annual instalments which form an AP, when 40 of these instalments are paid, Mr X become insolvent, and he still owe his creditor #2400 find the value of each of the first three instalmentsof Mr X?​

The first 3 installments of Mr. X were $ 180.

Step-by-step explanation:

Since Mr X arranges to pay off a Debt of $ 9600 in 48 annual installments which form an AP, and when 40 of these installments are paid, Mr X become insolvent, and he still owe his creditor $ 2400, to find the value of each of the first three installments of Mr X the following calculation must be performed:

((9,600 - 2,400) / 40) = X

7,200 / 40 = X

180 = X

Therefore, the first 3 installments of Mr. X were $ 180.

step-by-step explanation:

i think something is missing in your question because y-1=(x-12) would not pass through the point (-4,-3). because if you replace x by -4 your are supposed to find y=-3 which is not the case her. if you replace x by -4 you find =-15.

i assume the right equation is y-1=1/4*(x-12) because this one is passing through both your points (if you are interested to know how i found that out i can tell you).

in this equation if i replace x by -4 i find y=-3 and if i replace x by 12, i find y=1 so the line representing this equation is passing through those 2 points.

then the standard form of the equation is finding an expression of y in function of x

y-1=1/4*(x-12)

y=x/4-3+1

y=x/4-2

hope that .

do you confirm there was a mistake in the question?

where is the diagram? shown below where? ?

step-by-step explanation: