Answer:
finance charge refund is $91.53
Step-by-step explanation:
given data
finance charge F = $476
time t = 12 month
no of payment n = 5
to find out
finance charge refund
solution
we will apply here finance charge refund formula that is
finance charge refund = F ×
put here value we get
finance charge refund = 476 ×
finance charge refund = 476 ×
finance charge refund = 476 ×
finance charge refund = 476 × 0.1923
finance charge refund = 91.53
so finance charge refund is $91.53
Answer:
The cost of basic cable television in the United States in the year 2020 will be $67.19.
Step-by-step explanation:
The linear function has the following format.
In which y(x) is the cost x years after 2000, y(0) is the initial cost, that is, the cost in 2000, and a is the slope(how much the cost changes in a year).
In 2000, the average monthly price for basic cable television in the United States was $29.99.
This means that
In 2016, the average monthly price for the same basic cable television was $59.75.
2016 is 16 years after 2000. So
Write a linear function that models the cost of basic cable television in the United States for x years after 2000.
Applying y(16).
So
Use the linear function to determine the cost of basic cable television in the United States in the year 2020.
2020 is 20 years after 2000, so this is y(20).
The cost of basic cable television in the United States in the year 2020 will be $67.19.