Answer:
the annual interest rate is 7.583%
Step-by-step explanation:
We are given
Summer has an offer to buy an item with a sticker price of $13,200
so, we have
P=13200
paying $460 a month for 36 months
so, we can find total amount


Let's assume
annual interest is r
total time =36 months
so, total number of years =3
Since, it is compounded monthly
so, n=12
now, we can use formula

now, we can plug values

now, we can solve solve for r


So, the annual interest rate is 7.583%
Answer:
33
Step-by-step explanation:
7x3=21
4x3=12
21+12=33
Answer:
l = A/aw
Step-by-step explanation:
Since we want the equation in terms of l, we simply isolate the l by dividing both sides by aw:
A = law
A/aw = law/aw
A/aw = l