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Serhud [2]
3 years ago
14

You purchase a new motor scooter for $3,350. You put a 10% down payment and $108.08 per month on a 36 month purchase plan. Use t

he APR formula to determine the annual percentage rate to a tenth of a percent. a. 17.3% c. 16.6% b. 17.5% d. 16.7%
Mathematics
1 answer:
nevsk [136]3 years ago
7 0
Use the formula of the present value of annuity ordinary through GoogleWhat you have here is a loan payment of $108.08 with a present value of $3015 (the $3350 minus the 10% down payment) and a future value of zero with monthly compounding over 36 months
I got
R=0.173906
R=17.3%
 good luck
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4 0
3 years ago
How do you write an equation for (-5,-1), (0,-1)
lesya692 [45]
Both the points have a coordinate where y is -1, so the equation is simply -1

y=-1

however if you wanted to really show the working out, it looks like this:

y=mx+c

m=change in y/change in x

m=(-1-1)/(-5+0)=0

subsitute one of the coordinates into y=mx+c

-1=0+c

c=-1

so then y=-1



4 0
3 years ago
An t-shirt was originally priced at 45, but was placed on sale for 10% off the original price. If a sales tax of 8% was added on
nasty-shy [4]
The t - shirt costed 44.10.
4 0
3 years ago
Find how much interests $15000 earns in 2 years in a certificate of deposit paying 7.5% interest compounded quarterly the intere
Klio2033 [76]

Answer:

Step-by-step explanation:

Initial amount deposited in the certificate of deposit is $15000 This means that the principal so

P = 15000

It was compounded quarterly. This means that it was compounded 4 times in a year. So

n = 4

The rate at which the principal was compounded is 7.5%. So

r = 7.5/100 = 0.075

It was compounded for 2 years. So

t = 2

The formula for compound interest is

A = P(1+r/n)^nt

A = total amount in the account at the end of t years. Therefore

A = 15000 (1+0.075/4)^4×2

A = 15000(1.01875)^8 = $17403

The interest would be

17403 - 15000 = $2403

4 0
3 years ago
Given A (3,4), B (4,10), C (-9,1), D (-7,13), determine whether lines AB and CD are parallel, perpendicular or neither
yuradex [85]

Answer:

parallel

Step-by-step explanation:

A (3,4), B (4,10)

Slope of AB = \frac{y_{2}-y_{1}}{x_{2}-x_{1}}\\\\   =\frac{10-4}{4-3}\\\\   =\frac{6}{1}\\\\   = 6

C (-9,1), D (-7,13)

Slope of CD = \frac{y_{2}-y_{1}}{x_{2}-x_{1}}\\\\   =\frac{13-1}{-7-[-9]}\\\\   =\frac{12}{-7+9}\\\\   = \frac{12}{2}\\\\   = 6

Slope of AB = Slope CD = 6

If two lines have same slope, they are parallel lines

8 0
2 years ago
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