Answer:
Difference in cash and plan = $155 - $149.50 = $5.50
Interest Rate = 3.68%
Step-by-step explanation:
Given:A food processor for $149.50 cash, or $5.00 down and $10.00 per month for 15 months
A food processor by cash = $149.50
Payment plan = Down payment + $10*15 months
= $5 + $10*15
= $5 + $150
Payment plan = $155
Difference in cash and plan = $155 - $149.50 = $5.50
Now we have to find the interest rate
= (difference/original)*100
= (5.50/149.50)*100
Interest Rate = 3.68%
Answer:
x + 1
Step-by-step explanation:
3x - (2x + 4) + 5
3x - 2x - 4 + 5
x - 4 + 5
x + 1
Answer: <u>24 years</u>
Step-by-step explanation:
% • total = Answer
4.25% • $40,000 = Answer
.0425 • $40,000 = Answer
Answer = $1,700 per year
40,000 ÷ 1,700 = 23.5
<u>23.5 rounded to the nearest year is 24</u>
This is what the graph would look like. Hope this helps:)
Answer:
20
Step-by-step explanation:
