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11Alexandr11 [23.1K]
3 years ago
15

Sarah bought a lawnmower for $320. She signed up for the buy now pay later plan at the store with the following conditions: $100

down and payments of $25 for the next 12 months. The extra cost paid by taking this plan is equivalent to what actual yearly rate of interest? A. 67% B. 65% C. 25% D. 85%
Mathematics
1 answer:
gogolik [260]3 years ago
4 0
Amount of lawnowner bought by Sarah=$320 Down payment by Sarah= $100 Sarah paid in 12 months = 12 x 25 $ = 300$ $ paid by sarah = 300+12$=400$ Excess amount paid as interest by sarah=400-320=80$ yearly rate of interest paid by sarah = 80/320 x 100=25% so 25% yearly interest was paid by sarah, so the correct option is C. hope this helps.
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(a + b)^2 = a^2 + 2ab + b^2

(\dfrac{1}{4}A + \dfrac{1}{4}B)^2 =

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Another way to solve by factoring 1/4.

(\dfrac{1}{4}A + \dfrac{1}{4}B)^2 =

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Read 2 more answers
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<u>Answer</u>

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<u>Explanation</u>

The figure is a sector of angle 85° and of radius 5 m.

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zheka24 [161]
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Hope this helps! :)
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Answer:

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Step-by-step explanation:

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