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 %
Answer: 6 dollars
Step-by-step explanation: since the total price is 54 dollars and we know the price of the wreath, we subtract the wreath from the total, leaving us with 42. Then we do 42 divided by 7 to get the price per ornament(which is too high to be reasonable in any universe), 6 dollars.
I'm pretty sure that it is C. 12
