1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alisiya [41]
3 years ago
14

7. Sarah bought a lawnmower for $320. She signed up for the buy now pay later plan at the store with the following conditions: $

100 down and payments of $25 for the next 12 months. The extra cost paid by taking this plan is equivalent to what actual yearly rate of interest? A. 65% B. 85% C. 67% D. 25%
Mathematics
2 answers:
dimulka [17.4K]3 years ago
5 0

Answer:  D. 25%

Step-by-step explanation:

Here the present value, PV = $320 - $ 100 = $ 220

Total number of period, n = 12

And, Payment per month, P = $25

Therefore, the amount he paid in 12 months = 25×12 = 300

Thus, the extra amount he paid = 300 - 220 = $80

So, the more amount he paid than the actual amount = \frac{80}{320} \times 100=\frac{8000}{320}= 25\%

Thus, she paid 25 % extra.

erastova [34]3 years ago
4 0
Amount financed
320−100=220

Total paid
100+25×12=400

Interest paid
400−320=80

Interest rate=(2yc)÷(m (n+1))
I=(2×12×80)÷(220 (12+1))
I=(2×12×80)÷(220×13)
I=0.67×100
I=67%
You might be interested in
HEEEEEEEEEEEEEEEEEEEEEEEEEEEEELLLLLLLLLLLP please
djverab [1.8K]

Answer:

B

Step-by-step explanation:

The y-intercept is 2 and the slope is 1. Therefore, the answer is 2y=x. :)

5 0
3 years ago
Find the exact interest on a loan of $32,600 at 9% annually for 30 days
ryzh [129]

Answer:

$240.00 is the monthly interest

3 0
3 years ago
Which statements are true for the following expression?<br> 13 · (2 + 9)
Komok [63]

Answer:

13×11

143 ..

what are the statements?

8 0
3 years ago
Find an equation of the line satisfying the given conditions Through (6,4); perpendicular to 3X + 5Y =38
Katyanochek1 [597]
To answer this, we will need to know:

• The slope of the equation we are trying to get
• The point it passes through using the 

First, we will need to find the slope of this equation. To find this, we must simplify the equation 3x+5y=38 into y=mx+b form. Lets do it!

3x+5y=38
= 5y = -3x+38 (Subtract 3x from both sides)
= y= -\frac{3}{5}x+ \frac{38}{5} (Divide both sides by 5) 

The slope of a line perpendicular would have to multiply with the equation we just changed to equal -1. In other words, it would have to equal the negative reciprocal.

The negative reciprocal of the line given is \frac{5}{3}. 

Now that we know the slope, we have to find out the rest of the equation using the slope formula, which is:

\frac{y-y _{1} }{x- x_{1} }=m

Substituting values, we find that:

\frac{y-4}{x-6}= \frac{5}{3}

By simplifying this equation to slope-intercept form (By cross-multiplying then simplifying), we then get that: 

y= \frac{5}{3}x-6 , which is our final answer.

Thank you, and I wish you luck.
8 0
3 years ago
Read 2 more answers
3x + 8 &lt; 4(x - 3)Solve the inequality and graph the solution set.
solmaris [256]

Step-by-step explanation:

3x+8<4x−12

Move all terms containing x

to the left side of the inequality.

Tap for more steps...

−x+8<−12

Move all terms not containing x

−x<−20

x>20

Interval Notation:(20,∞)

7 0
2 years ago
Other questions:
  • What is the answer here B or D and why please only answer if you’r sure
    7·1 answer
  • 20. Which problems will have two decimal places in the product?Mark all that apply.531 x 107.4 x 10(A) 5 X 0.89E 3.2 x 43(D) 6.1
    11·1 answer
  • An ice cream cone is filled with vanilla and chocolate ice cream at a ratio of 2:1. If the diameter of the cone is 2 inches and
    15·1 answer
  • 30 POINTSSS!!!!!!!<br> helps me with this im begging
    10·1 answer
  • Given square NOWR, what is the value of x and y?
    12·1 answer
  • What is the probability of rolling a 6 on a number cube and drawing a diamond from a deck of cards?
    12·2 answers
  • A jet flies 405 miles in 5 hours. At this rate. how far could the jet fly in 15 hours? PLS
    5·1 answer
  • A large aquarium should contain 10,000 liters of water when it is filled correctly. It will overflow if it gets up to 12,000 lit
    13·1 answer
  • 4.<br> 3<br> 5<br> -1 1<br> -21 0<br> OI0<br> V<br> 4<br> 2<br> y<br> m=를<br> X<br> 9
    9·1 answer
  • 10. (07.07 LC)
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!