Bethany purchases a stereo for $750. She pays $100 down and pays for the rest using financing. She is charged a $5
1 answer:
Answer:
8.77%
Step-by-step explanation:
You know the APR will be more than 8% because of the "processing fee." There is only one answer choice above 8%:
8.77%
_____
Bethany is financing $750 -100 = $650.
If we assume Bethany pays the entire amount in 1 year, then her payments for the first year will include 8% interest and the $5 fee.
8% × $650 = $52
So, the finance charges as a percentage of the amount financed are ...
($52 +5)/$650 × 100% = 8.76923% ≈ 8.77%
You might be interested in
Answer:
D
Step-by-step explanation:
p^2
<span> a) F' = 6 sin(x^2) = 0
x^2 = pi
x = sqrt(pi)
b) Fmax = F(1) + integral [1, pi] f(x) dx = 9.7743 </span>
Answer:
See below
Step-by-step explanation:
24/ .64 = 2400 / 64 = 37 1/2 = 75/2
Answer:
-42
Step-by-step explanation:
1. 4(-2)
2. 3(-8)
3. -8 + -10 + -24
4. cobine like terms
5. -42
Isolate the variable x.
1-2x=-x-3
1=x-3
x=4
