The interest rate Cindy will be charged with money factor 0.00354 is approximately 8.5% which is option b.
Given The factor included in lease is 0.00354.
Interest is the amount that a bank or person who gives loan charges from loan taker.
Money factor is a method for finding the financing charges on a lease with monthly payments. The money factor can be translated into the annual percentage rate by multiplying the money factor by 2400.
Money factor=0.00354.
So the interest rate that Cindy will charge is equal to 2400*0.00354
The interest rate Cindy will be charged =8.496%
=8.5%
Hence the interest rate charged is approximately 8.5%.
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Step-by-step explanation:
answer for d is 3 over 8....
that's all I know from the qn and can help u... sorry
Answer:-21
Step-by-step explanation:
SOLUTION:
Case: Hypothesis testing
Step 1: Null and Alternative hypotheses
Step 2: T-test analysis
Step 3: t-test with the significance level
Step 4: Comparing
So tail to reject the null hypothesis. There is enough evidence at a 0.05 level of significance to claim that the mean spent is greater than P127.50.
Final answer:
Yes, there is evidence sufficient to conclude that the mean amount spent is greater than P127.50 per month at a 0.05 level of significance.
Answer:
y = -5/4x + 17
Step-by-step explanation:
