It is equal to 0.8 five star please?
Answer: The answer is 16.
Step-by-step explanation:
The least common denominator means the same as least common multiple.
3, 6, 9, 12, 16
8, 16
2, 4, 6, 8, 10, 12, 14, 16
16 because if you put 16 into a percentage it's 80. 16 divide 20 times 100 equal 80
Amount Financed: $2,650
Finance Charge: $484.69
Number of Payments: 36
(Finance Charge)/(Amount Financed)*100$=($484.69)/($2,650)*100$
(Finance Charge)/(Amount Financed)*100$=(0.1829)*100$
(Finance Charge)/(Amount Financed)*100$=$18.29
In the row of number of Payments 36, we look for:
(Finance Charge)/(Amount Financed)*100$=$18.29, and we see to which annual porcentage rate it corresponds in the first row
Answer: 11.25%