1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuri [45]
3 years ago
5

Mr. Jones purchased a refrigerator for x dollars under an installment plan. The plan requires Mr. Jones to make a 15% down payme

nt and monthly
payments of y dollars over a period of 24 months.
Use the given expressions to determine the finance charge that Mr. Jones paid.
24x - 0.85y
0.85x + 24y
0.15x
15y
24y - 0.85%
0.15x + 24y
(24y
15
0.85%
down payment
number of monthly payments
total amount paid as monthly payments
History
1 answer:
Nesterboy [21]3 years ago
8 0

Answer:

  • <u><em>24y - 0.85x</em></u>

<u><em></em></u>

Explanation:

The <em>finance charge</em> is the difference between the amount paid for the purchase with financing and the amount you would pay if you do not finance the purchase, that is, if you buy it in cash.

The amount paid with financing is the down payment plus all the montly payments. This is:

  • down payment + number of monly payments × montly payment
  • 15% of x dollars + 24 × y dollars = 0.15x + 24y

The amount that you would pay without financing is the price of the refrigerator:

  • x

The difference is:

  • 0.15x + 24y - x = 24y - 0.85x
You might be interested in
How many u.s. battleships were at pearl harbor when the japanese attacked?
alex41 [277]
8 battleships were at pearl harbor. All 8 were damaged, 4 of which sank.
4 0
3 years ago
What are consequences of globalization?
Oksi-84 [34.3K]

Globalization must be expected to influence the distribution of income as well as its level. So far as the distribution of income between countries is concerned, standard theory would lead one to expect that all countries will benefit. Economists have long preached that trade is mutually beneficial, and most of us believe that the experience of widespread growth alongside rapidly growing trade in the postwar period serves to substantiate that. Similarly most FDI goes where a multinational has intellectual capital that can contribute something to the local economy, and is therefore likely to be mutually beneficial to investor and recipient. And a flow of capital that finances a real investment is again likely to benefit both parties, since the yield on the investment is expected to be higher than the rate of interest the borrower has to pay, while that rate of interest is also likely to be higher than the lender could expect at home since otherwise there would have been no incentive to send it abroad. Loose talk about free trade making the rich countries richer and poor countries poorer finds no support in economic analysis.

6 0
3 years ago
Describe at least two principles the American Colonists used to justify their independence from Great Britain?
kenny6666 [7]

Answer:

Life, Liberty, and the Pursuit of Happiness.

Explanation:

:)

6 0
3 years ago
The British and the colonists had many conflicts in the time before the American Revolution. What conclusion can be made about w
mel-nik [20]
<span>Okay, as I read the history, the Stamp Act and the Townshend Acts were both intended to tax the colonies to help Britain pay off it's debts from the War. The Declaration did not impose any new taxes, but justified making the colonies more dependent on the Crown/British government, so I interpret that as "justification" for the taxes. It's not a word that was used at the time, but our interpretation of it in our own time.(The answer is D) Your welcome!</span>
5 0
3 years ago
Read 2 more answers
Two of johnson's great legislative accomplishments were:_____.
aleksandrvk [35]

Two of johnson's great legislative accomplishments were: c. civil rights Act.

After taking office, he won significant tax cuts, the Clean Air Act, and the passage of the Civil Rights Act of 1964. After the 1964 election, Johnson passed even broader reforms. The 1965 Social Security Reform created two state health care programs: Medicare and Medicaid.

This pivotal act was followed by the Higher Education Act of 1965, which increased federal funding for colleges and universities, created student scholarships and soft loans, and placed teachers in impoverished areas of the United States. A National Teachers Association was established for the state.

Learn more about civil rights Act. here: brainly.com/question/10584148

#SPJ4

3 0
2 years ago
Other questions:
  • Which global organization formalized an official plan to stop the spread of AIDs?
    9·1 answer
  • which two of the following statements about the San people best demonstrate how their way of life influenced AfrikaBurn
    11·1 answer
  • The conquest of areas in Egypt and the Middle East increased the flow of which product into Rome? grain olive oil wine marble
    8·1 answer
  • Categorize the locations based on whether they were sites of Allied or Japanese victories.
    9·2 answers
  • Why do you think that the Battle of Plassey was the first major victory the Company won in India?
    5·1 answer
  • Need help with world history!
    14·1 answer
  • Select all that apply.
    13·1 answer
  • Who fought in king William's war and what was the result
    5·1 answer
  • PLS HELP I DONT UNDERSTAND IT​
    6·1 answer
  • Comparing Images: The Freedmen's Bur
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!