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sergeinik [125]
2 years ago
9

Price of article = $315.50

Mathematics
1 answer:
Nikolay [14]2 years ago
3 0

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

#SPJ1

You might be interested in
Ryan runs 3 miles in 28 minutes. at the same rate, how many miles would he run in 42 minutes?
Sphinxa [80]
If 3mile=28 min
x mile=42 min
cross multiply
x=3/28
therefore if 3/28=1 min
then x mile= 42 min
cross multiply
42 x 3/28 =21 x 3/14
                =3 x 3/1
                =9
The answer is 9 miles
5 0
3 years ago
There are between 50 &amp; 60 eggs in a basket. When roza counts by 3's there are 2 leftover and when she counts by 5's there ar
avanturin [10]

There are 59 eggs in the basket

Step-by-step explanation:

There are between 50 & 60 eggs in a basket

  • When Roza counts by 3's there are 2 leftover
  • When she counts by 5's there are 4 leftover

We need to find how many eggs in the basket

∵ When Roza counts by 3's there are 2 leftover

∵ When she counts by 5's there are 4 leftover

- That means the number of eggs when divided by 3 give

  remainder 2 and when divided by 5 give remainder 4

- To find the number look for the numbers that divisible by 5 and

  add 4 to them and then check the remainder when they divided

  by 3

∵ Between 50 and 60 there is only one number divisible by 5

  is 55 (not including 50 or 60)

∵ 55 + 4 = 59

∴ 59 gives remainder 4 when divided by 5

Let us check them with 3

∵ 59 - 2 = 57

∵ 57 is divisible by 3 ⇒ (57 ÷ 3 = 19)

∴ 59 when divide by 3 gives remainder 2

∴ 59 gives remainder 4 when divided by 5 and remainder 2 when

  divided by 3

∴ The number of eggs in the basket is 59

There are 59 eggs in the basket

Learn more:

You can learn more about the word problems in brainly.com/question/10557938

#LearnwithBrainly

6 0
3 years ago
A triangle has vertices A(1, 1), B(2, 4), and C(4, 2). Line p is parallel to side AB and contains point C.
kenny6666 [7]

Answer:

p:y = 3x-10

Step-by-step explanation:

We are given the following in the question:

A(1, 1), B(2, 4), C(4, 2)

i) Slope of AB

A(1, 1), B(2, 4)\\\\m = \dfrac{y_2-y_1}{x_2-x_1}\\\\m = \dfrac{4-1}{2-1}=3

Thus, slope of AB is 3.

ii) Point slope form

The point slope form of a line can be written as:

y - y_1 = m(x - x_1)

The point intercept form of line can be written as:

y = mx + c

The line is parallel to AB and contains point C(4, 2). Since line p is parallel to AB, line p will have the same slope as line AB

Putting values, we get,

y - 2 = 3(x-4)\\y = 3x-12+2\\y = 3x-10

which is the required slope intercept equation of line p.

4 0
3 years ago
Please help i'd appreciate it!
creativ13 [48]

Answer:

|-8|=8

|10|=10

Step-by-step explanation:

any negative number between the two slashes '||' equals to always a positive number

and a positive number between the two slashes '||' remains the same

7 0
2 years ago
Brandon buys a radio for $43.99 in a state where tax is 7%.
julsineya [31]

Answer:40.9107

Step-by-step explanation:

I Am Pretty sure that is it the question did not make sense though

6 0
3 years ago
Read 2 more answers
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