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Genrish500 [490]
3 years ago
5

It's time for another financial calculator problem. A UCF student (who has not taken FIN 2100) decides that he really needs a la

rge screen HD TV for football season. The student goes to a "rent to own" center and agrees to rent a TV for $60 per month (end of month). After 36 months, the student will own the TV. Assuming that the student could buy the same TV today for $1,000, what is the interest rate (APR) of renting the TV?
Mathematics
1 answer:
AysviL [449]3 years ago
5 0

Answer:

interest rate is 38.68 %

Step-by-step explanation:

Given data

installment = $60

time = 36 months = 36/12 = 3 years

principal = $1000

to find out

interest rate

Solution

we know student pay $60 for 36 months

so he pay total = 60 × 36 = 2160

total amount pay by student = $ 2160

so we can find interest rate by given formula

rate = (1/time)(amount/Principal - 1)

put the value time amount and principal here

rate = (1/3)(2160/1000 - 1)

rate = 0.386667

interest rate is 38.68 %

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Dilate point a in relation to the origin by a dilation factor of 5.?
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Answer:

origin dilation if 5. is 5

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2 years ago
ANHL player's labor negotiating committee is to be selected from 8 player representatives from the Eastern Conference and 7 play
cestrela7 [59]

Answer:

21 / 143

Step-by-step explanation:

Given that:

Number of Eastern conference reps = 8

Number of western conference rep = 7

Probability of selecting 3 from Eastern reps and 2 from western reps

Probability = required outcome / Total possible outcomes

Total possible outcomes:

selection to be made = 3+ 2 = 5

Total Number of players = 8 +7 = 15

Total possible outcomes

Using combination formula :

nCr = n! / (n-r)!r!

15C5 = 15! / 10!5! = (15 * 14 * 13 * 12 * 11) / (5*4'3*2*1) = 360360 / 120 = 3003

Total possible outcomes = 3003

Required outcome :

8C3 * 7C2

8C3 = 56 ; 7C2 = 21

8C3 * 7C2 = 56 * 21 = 1176

required outcome / Total possible outcomes

= 1176 / 3003

= 21 / 143

6 0
3 years ago
in a survey 27% of the people chose salads over a meat dish. In all 81 people chose salads. how many people were in the survey?
Zolol [24]

Answer:

300

Step-by-step explanation:

27% = 81

1% = 81/27 = 3

100% = 100x3 = 300people

3 0
3 years ago
The temperature on Monday was 78.8°C. The temperature on Tuesday was 6.6°C less than the temperature on Monday. What was the tem
geniusboy [140]

Answer:

72.2

Step-by-step explanation:

Monday: 78.8

Tuesday: 78.8 - 6.6 = 72.2

8 0
3 years ago
Sheldon wants to buy a laptop that costs $ 450 from an electronics store . He has two coupons to choose from coupon A which give
Gekata [30.6K]

Answer:

Coupon B

Step-by-step explanation:

Given

Price = \$450

Coupon\ A = \$80

Coupon\ B = 20.5\%

Required

Which coupon is better

From the question, we have:

Coupon\ A = \$80

Coupon\ B = 20.5\%

Coupon B means that:

Coupon\ B = 20.5\% * \$450

Coupon\ B = 0.205 * \$450

Coupon\ B = \$92.25

By comparison:

Coupon B gives him a better buy because: \$92.25 > \$80

7 0
3 years ago
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