Answer:
(a) What finance charge will Jaime pay?
$818.4
(b) What is the APR to the nearest half percent ?
8.5%
Step-by-step explanation:
(a) What finance charge will Jaime pay?
The cash cost is $7500. She decides to finance the project by paying 20% down
Amount paid for down payment = $7500 × 20/100
= $1500
Amount left = $7500 - $1500
= $6000
The balance paid in 36 monthly payments of $189.40.
Hence: $189.40 × 36 = $6818.4
The finance charge = $6818.4 - $6000
= $818.4
(b) What is the APR to the nearest half percent ?
Step 1
Finance charge/ Amount left × 100
= 818.4/6000 × 100
= 13.64
Using the APR table:
The APR to the nearest half percent = 8.5%
Answer:
The answer is 1.0556. Hope that helps you!
Step-by-step explanation:
Answer:
17.75x + 5.25
165
x
9
Step-by-step explanation:
The total cost can be represented by 17.75x + 5.25, where x is the number of people.
They can only spend a maximum of $165, so a less than or equal sign has to be used.
The inequality will be 17.75x + 5.25
165
Now, solve for x:
17.75x + 5.25
165
17.75x
159.75
x
9
So, x
9 is the answer, meaning 9 people or less can go to the amusement park.
2<span>(<span>log4</span><span>(3)</span>+<span>log4</span><span>(x)</span>+<span>log4</span><span>(y)</span>+<span>log4</span><span>(z)</span><span>)</span></span>