The true annual interest rate to the nearest tenth is <u>16.7%</u>.
<h3>How is interest determined?</h3>
The interest amount for this scenario can be determined by computing the total mortgage payment and subtracting the mortgage amount from the earlier figure.
Since payment was made for 20 months, the interest rate can be annualized using 24 months as below.
<h3>Data and Calculations:</h3>
Price of article = $315.50
Down payment = $31.55
Mortgage amount = $283.95
Monthly payment amount = $16.50
Duration of payments = 20 months
Total payment (mortgage and interest) = $330 (20 x $16.50)
Interest = $46.05 ($330 - $283.95)
Annualized interest rate = 16.7% ($46.05/$330 x 24/20)
Thus, the true annual interest rate to the nearest tenth is <u>16.7%</u>.
Learn more about compound interests at brainly.com/question/19950566
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Answer: 1/8
<u>Step-by-step explanation:</u>
First Bag and Second Bag
x 
= 
which reduces to 
Answer:B.27
Step-by-step explanation:
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Answer: The wheel make 315 complete revolutions in one minute
Step-by-step explanation: Given speed of convertible =45 miles/hr
To answer this question you will need to know how many inches the car travels Per minute.
1. To find this out you will first divide 45 miles by 60 to get the number of miles per minute.
The convertible travels 0.75 mi./min.
2. Next you will convert this number of miles to inches.
There are 63,360 inches per mile.
0.75 x 63360 = 47520 inches per minute.
3. You then need to find the distance the wheel travels in one rotation. You will need to find the circumference of the wheel.
C = pi x d
3.14 x 48
C = 150.72 inches
Each rotation is about 150.72 inches.
4. Finally, divide the total distance traveled in a minute by the circumference(distance of one rotation) to get the total number of rotations in a minute.
47520/150.72 is about 315.3 rotations per minute.
