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Archy [21]
2 years ago
15

The Jones family bought a refrigerator for $900. They paid installments over 4 years at an add-on rate of 6%. What is the approx

imate APR? ASAP
Mathematics
1 answer:
Savatey [412]2 years ago
3 0

The approximate APR for the purchase is 16%

<h3>
Calculations and Parameters</h3>

To calculate the annual percentage rate (APR)

We would calculate the interest rate

Add the administrative fees to the interest amount

Divide the loan amount (principal)

Divide by the total number of days in the loan term

Multiply all year

Multiply by 100 to convert to a percentage

Interest= P * R * t

APR= \frac{\frac{216}{900}}{6 * 4 * 100}

APR = 16%

Read more about APR here:

brainly.com/question/2772156

#SPJ1

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Step-by-step explanation:

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HHenry is going on a trip to Brazil. He is currently deciding which cities he will visit during his stay. The table below shows
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First, sum up the total expenses for the original plan

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It is clearly over the intended budget. The average cost per itinerary is around R$200 so we will consider making a swap on either Duque de Caxias and Rio de Janeiro.  Possible answers are (b) or (c)

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The answer is (b)

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