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finlep [7]
2 years ago
15

Cindy has decided to lease a car. the lease includes a money factor of 0.00354. what interest rate is cindy being charged in her

lease? a. 0.85% b. 8.5% c. 1.475% d. 14.75% please select the best answer from the choices provided a b c d
Mathematics
1 answer:
Liono4ka [1.6K]2 years ago
4 0

The interest rate Cindy will be charged with money factor 0.00354 is approximately 8.5% which is option b.

Given The factor included in lease is 0.00354.

Interest is the amount that a bank or person who gives loan charges from loan taker.

Money factor is a method for finding the financing charges on a lease with monthly payments. The money factor can be translated into the annual percentage rate by multiplying the money factor by 2400.

Money factor=0.00354.

So the interest rate that Cindy will charge is equal to 2400*0.00354

The interest rate Cindy will be charged =8.496%

=8.5%

Hence the interest rate charged is approximately 8.5%.

Learn more about interest at brainly.com/question/2151013

#SPJ4

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The sum of four consecutive integers is 390. Find the integers (Please show your work)
AysviL [449]

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The sum of three consecutive even integers is 390. What are the integers?

 

   In order to ensure the numbers are even I generally call the first

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   Our consecutive even integers are:  2n, 2n+2, 2n+4

 

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  Our integers are 128, 130, 132

 

Check:  128+130+132 = 390 which is correct.

 

2) The sum of three consecutive odd integers is 99. What are the integers?

 

    Same logic applies:  An odd integer will always result from 2n+1

    So we will call our 3 consecutive odd integers   2n+1, 2n+3, 2n+5

 

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Check:  31 +33+45 = 99  Yes

 

3)Which equation defines three consecutive odd integers that add up to 81?

A) n(n+1)(n+2)=81

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C) n+(n+1)+(n+3)=81

D) n+(n+1)+(n+2)=81

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We can immediately discard answers A, B because they are multiplying

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That leaves C, D, E

 

This question does not follow the logic I utilized in question 1 and 2. 

Assuming the first number is indeed odd and is called n

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Thus we must have:  n + (n+2) + (n+4) = 81

The answer is E

 

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