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ladessa [460]
2 years ago
9

Amount Financed (m) = $1,860 Number of Payments per year (y) = 12 Number of Payments (n) = 36 Total Interest (c) = $350.00

Mathematics
1 answer:
Luda [366]2 years ago
8 0
Hi there
The formula to find I (ARP)

I=(2yc)/(m×(1+n)
I=(2×12×350)÷(1,860×(1+36))
I=0.1221×100
I=12.21%

Good luck!
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The solution of the equation is x = 71 / 36.

<h3>How to solve an equation with one variable</h3>

Herein we have an equation with several rational constants and only one variable, x, which has to be cleared by using algebra procedures. The procedure is shown below:

2 · x + 1 / 3 + x - 1 / 4 = 13 / 2           Given

2 · x + x = 13 / 2 - 1 / 3 - 1 / 4            Compatibility with addition / Existence of additive inverse / Modulative property

3 · x = 71 / 12                                    Definitions of addition and subtraction / Distributive property

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The solution of the equation is x = 71 / 36.

To learn more on equations: brainly.com/question/10413253

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