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ozzi
4 years ago
13

Joe Football buys a big screen TV. The price, including tax, amounts to $1,950.00. Joe finances the TV over 24 months after maki

ng a $200 down payment. The true annual interest rate is 16%. What are Joe's monthly payments (principal plus interest)?
Mathematics
2 answers:
Dafna11 [192]4 years ago
8 0
Amount financed
1,950−200=1,750

Total interest
(0.16×1,750×25)÷(2×12)=291.67

Total paid
291.67+1,750=2,041.67

Monthly payments
2,041.67÷24=85.07
Arte-miy333 [17]4 years ago
7 0

Answer:

Joe's monthly payment = $85.69

Step-by-step explanation:

Joe Buys a big screen TV. The price including tax $1,950

Down payment = $200

Amount to be financed = 1950-200 = $1,750

Rate of interest = 16% annual

Period of payment = 24

Formula:

P=\dfrac{r\cdot PV}{1-(1+r)^{-n}}

Where, PV=$1,750 , r=0.0133 , n=24

Substitute into formula and solve for P

P=\dfrac{0.0133\times 1750}{1-(1+0.0133)^{-24}}

P=\dfrac{23.33}{0.2723}\Rightarrow 85.69

Monthly Payment = $85.69

Thus, Joe's monthly payment = $85.69

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Mike hiked to a lake in 6.5 hours at an average rate of 3 2/5 miles per hour. Pedro hiked the same distance at a rate of 3 4/5 m
balandron [24]
We first need to find the distance.
The information about Mike will provide the distance we need to answer the question about Pedro.

We will use D = rt

Mike:

(6.5)((17/5) = D

22.1 miles = D

Pedro:

D = rt

22.1 = (19/5)t

We need to find t.

22.1 ÷ 3.8 = t

5.8157894737 = t

We now round off as instructed.

5.82 = t

It took Pedro 5.82 hours to reach the lake.
5 0
3 years ago
Read 2 more answers
Plssss help!!!! A garden table and a bench cost $778 combined. The garden table costs $72 less than the bench. What is the cost
Fiesta28 [93]

Answer:

The bench costs $425

Step-by-step explanation:

425 + 353 = 778

How I did it::

1)

778 \div 2

2)

389 - 36 = 353

389 + 36 = 425

3) Check

425 + 353 = 778

7 0
3 years ago
Tameka bought 50 cans of soda ( cola, grape, and orange) to serve at a party. She has 8 more colas than grape sodas, and 3 less
Gwar [14]

Answer:

Orange = 12

Grape = 15

Cola = 23

Step-by-step explanation:

Turning this into equations you can give each soda a variable

Cola = C | Grape = G | Orange = R

Then you get:

8 + G = C

R + 3 = G

C + G + R = 50

We want to get a variable all by itself in an equation so first I'm going to put the second equation (R + 3 = G) in the first (8 + G = C) by replacing the G to get

8 + (R + 3) = C  Combine the variables 11 + R = C and put that new equation into the last equation

(11 + R) + G + R = 50    

Now plug our original second equation (R + 3 = G) into our third to get

(11 + R) + (R + 3) + R = 50    

Combine and get

14 + 3R = 50      Subtract over the 14

3R = 36              Divide by 3

Orange Sodas = 12

Our new 3rd Equation is now:   C + G + 12 = 50, subtract over 12 to get

C + G = 38

Plug either equation 1 or 2 into that one, I'll do 1

(8 + G) + G = 38

8 + 2G = 38

2G = 30

Grape Sodas = 15

Now our 3rd equation is C + 15 = 38, subtract over 15

Cola Sodas = 23

Orange = 12

Grape = 15

Cola = 23

12 + 15 + 23 = 50

7 0
3 years ago
Tristan has a pickup truck that could carry three fifth-cord of firewood. Find the number of trips needed to carry 18 cords of w
Harman [31]

18 ÷ \frac{3}{5} = 18 x \frac{5}{3} = 6(5)  = 30

Answer: 30 trips

7 0
3 years ago
Identify the area of the figure rounded to the nearest tenth
gtnhenbr [62]

Answer:

71.4 in ^2

Step-by-step explanation:

area of the circles = πr^2

3.14(4x4) = 50.24 but you only have half so divide by 2

= 25.12

second circle

3.14(2x2)= 13.56 again you only have half so divide by 2

= 6.28

square

5x8 = 40

add them all up

25.12+6.28+40 = 71.4

5 0
3 years ago
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