All categories

2 years ago

Determine the money factor for a lease with an interest rate of 9%.

Mathematics

2 answers:

snow_lady [41]2 years ago

7 0

Answer: a. 0.00375

Step-by-step explanation:

Lease is the number of months anybody will be leasing.

Money factor is the finance charge that are commonly expressed as a decimal or fraction.

<em>To calculate the money factor we need to divide the interest rate by 2400.</em>

Therefore, if interest rate = 9%

then, the money factor = $\frac{9}{2400}=0.00375$

Hence, the money factor for a lease with an interest rate of 9%. = 0.00375

UNO [17]2 years ago

4 0

A is the correct answer

You might be interested in

Let x=2. Evaluate the expression. x+4/3x enter your answer in the box

maria [59]

$\huge \boxed{\mathbb{QUESTION} \downarrow}$

Solve x+4/3x , if x = 2.

$\large \boxed{\mathfrak{Answer \: with \: Explanation} \downarrow}$

To solve this equation, at first, let's just substitute x with 2.

So, the equation becomes ⇨ 2+4/3×2

$\tt \: \frac{x + 4}{3x} \\ \\ \tt \:\dashrightarrow \frac{(2) + 4}{3(2)} \\ \\ \tt \: Add \: 2 \: and \: 4 \: to \: get \: 6. \\ \\ \tt \: = \frac{6}{3\times 2} \\ \\ \tt \:Multiply \: 3 \: and \: 2 \: to \: get \: 6. \\ \\ \tt \:= \frac{6}{6} \\ \\\tt \: Divide \: 6 \: by \: 6 \: to \: get \: 1. \\ \\ = \boxed{ \boxed{ \bf \: 1}}$

8 0

3 years ago

Rabbit populations can double every 30 days. If there are 26 rabbits on a farm, how many rabbits will be on the farm after 240 d

Nikolay [14]

Answer:

6656

Step-by-step

Future Amount = [ ](1+__)^[ ]

a₀ = 26

a₁ = 26 * 2 = 26 * (1+1)¹ = 26 * 2 = 52

a₂ = 26 * (1+1)² = 26 * 2² = 26 * 4 = 104 (52*2)

.....

a₈ = 26 * (1+1)⁸ = 26 * 2⁸ = 26 * 256 = 6656

6 0

3 years ago

To divide 572 by 4 Stanley estimated to place the first digit of the quotient. In which place is the first digit of the quotient

Nataly_w [17]

The answer should be Hundreds Place

3 0

3 years ago

Read 2 more answers

Jeremy rode his bicycle in a race. He averaged 15 mph and began the race 1 hour ahead of the other riders. The variable d repres

alekssr [168]

D = 15(t + 1)

Explanation:
It would be t + 1 rather than t - 1 because he has one *more* hour compared to the other riders.
The reason why t + 1 is in parentheses is because when solving, you'd have to first add instead of multiply.

4 0

3 years ago

Read 2 more answers

Three students share 28 pencils equally.how many pencils does each person get?

Nonamiya [84]

Answer:

Step-by-step explanation:

28 divided by 7=4

3 0

3 years ago