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
kolbaska11 [484]
3 years ago
14

Noel Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest

rate did Noel pay?
A. 68.75%
B. 14.55%
C. 34.38%
D. 29.09%
Mathematics
2 answers:
MAVERICK [17]3 years ago
5 0

Answer:

The correct option is B. 14.55 %

Step-by-step explanation:

Cost price of the new dishwater = $320

Down payment made by Noel = $20

Amount which is left to be paid = 320 - 20 = $300

Number of monthly payment = 10

Amount paid for each monthly payment = $34

Total amount paid by Noel = Down payment + Total monthly payment

                                             = 20 + 34 × 10

                                             = $360

Interest paid by Noel = 360 - 320

                                     = $40

Principal value of the interest = $300

Time = monthly payment months + 1 ( This is the month in down payment is made)

Time = 11 months

\bf\text{Time = }\frac{11}{12}\text{ years}

\text{Now, Rate = }\frac{interest\times 100}{Principal\times \frac{11}{12}}\\\\\implies Rate = 14.55\%

Actual yearly interest paid by Noel = 14.55 %

Therefore, The correct option is B. 14.55 %

belka [17]3 years ago
5 0
29.09% is the intrest rate
You might be interested in
See the picture <br><br> Please help
Vikki [24]

Step-by-step explanation:

f(-5) goes through y=-9

So, f(-5) = -9

6 0
2 years ago
The daily temperatures in fall and winter months in Virginia have a mean of 62°F. A meteorologist in southwest
marshall27 [118]

Answer:

,, assuming the true mean temperature 62 degrees Fahrenheit there is a 0.1% probability that the null hypothesis is true by chance alone

8 0
2 years ago
Read 2 more answers
Jenny bought an item online for $180, and she was charged a $9 fee for shipping. What percent of the sale price was the shipping
andrey2020 [161]

Answer:

Step-by-step explanation:

can u please help me with my english ?

7 0
3 years ago
Ehhhhhhhhhh qwq<br> . . . . . . . . . . . . . . . . .
siniylev [52]

Answer:

answers below

Step-by-step explanation:

1=convergent

2=divergent

3=Transform

5 0
3 years ago
Read 2 more answers
Roger is training for the upcoming track season and records the number of miles that he runs each day for 20 days: 2.5, 0.5, 3.5
Scrat [10]

Answer:

its the first graph

Step-by-step explanation:

just did it

6 0
3 years ago
Other questions:
  • How do you do this problem?i
    7·1 answer
  • Multiplying polynomials find the product . <br> 2x(-2x-3)
    6·1 answer
  • Rob laid three sticks end to end. The lengths of the sticks were 45 millimeters, 32 centimeters, and 4 decimeters. How long, in
    15·1 answer
  • Is the number even or odd?<br>2018−2017+2016−2015 + . . . +2–1
    9·1 answer
  • What is numerical coefficient of this term -3z
    7·1 answer
  • Need answer please ASAP
    10·1 answer
  • Find the measure of each angle.
    11·1 answer
  • Given a slope of -1 and the point (-2, -2), find the Y-intercept of the line. <br>​
    6·1 answer
  • What is the range of the following list of numbers:
    5·1 answer
  • Write each decimal as a fraction in simplest terms
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!