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3 years ago

Find the annual percentage rate, using the annual percentage rate table.

1 answer:

8 0

Hi there:)

Step 1
Financecharge=1,030.62×100
=103,062
Amount financed=8900
Step 2
Finance charge÷amount financed
103,062÷8,900=11.58
Step 3
look on pymt line for 24 months & amount closets to 11.58
But according to the table 11.58 located in the middle of 11.30 and 11.86
11.58−11.30=0.28
11.86−11.58=0.28
I would say the APR is either 10.5% or 11.0%

Hope it helps

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2 years ago

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Answer:

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Step-by-step explanation:

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Also, we have 8 inches of cord for each bracelet and 20 inches of cord for each necklace, then the total length for the bracelet is 8x and that for the necklace is 20y.

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Writing equations (1) and (3) in matrix form, we have

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Using Cramer's rule to solve for x and y,

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