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Monica [59]
3 years ago
8

What is the finance charge on $13,300 financed at 7.9 percent for 4 years if the monthly payment per $100 is $2.44?

Mathematics
1 answer:
luda_lava [24]3 years ago
5 0

If you borrowed $100, then your monthly payment is $2.44

If you borrowed $200, then your monthly payment is 2*2.44 = 4.88

etc etc

We can set up a proportion

2.44/100 = x/13300

to figure out the monthly payment x. Cross multiply and solve for x

2.44*13300 = 100*x

100x = 2.44*13300

100x = 32452

x = 32452/100

x = 324.52

So the monthly payment is $324.52

An alternative way to get this monthly payment is to apply 2.44% to 13300, which is another way to view the phrase  "monthly payment per $100 is 2.44"

------------------

There are 48 months in 4 years (start with 12 mon = 1 yr, then multiply both sides by 4) so we multiply 48 by the monthly payment to get the result 48*324.52 = 15,576.96. This is the total amount you have to pay back which is the principal plus interest.

Subtract off the principal (amount borrowed) to find the interest or finance charge: 15,576.96 - 13,300 = 2,276.96

Answer: Choice B

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2 years ago
Alyssa wants to buy a new car and is planning to take out a loan to pay for the car.
g100num [7]

Answer: the amount of interest that Alyssa will pay on her loan is $1320

Step-by-step explanation:

The formula for determining simple interest is expressed as

I = PRT/100

Where

I represents interest paid on the loan.

P represents the principal or amount taken as loan

R represents interest rate

T represents the duration of the loan in years.

From the information given,

P = $22000

R = 4.5%

T = 4 years

Therefore,

I = (22000 × 1.5 × 4)/ 100

I = 132000/100 = $1320

4 0
3 years ago
Find the surface area of the triangular prism shown below .
Wewaii [24]

Answer:

the surface area should be 544 (whatever the unit is)

Step-by-step explanation:

You start by taking the rectangles on the side and finding their area.

1. (10×14)×2 ←Because there are two rectanglular sides.

2. find the area of the triangles on the side. 1/2bh = area of triangle.

(.5×8×6)×4 ← in order to find the area for all of the triangles.

3.  lastly take the base of the prism and find the area then add the previously found values together.

(12×14)+(.5×8×6)×4+ (10×14)×2 = 544

7 0
3 years ago
There are 800 students in a high school. Two-fifths of the students are freshman, and 3/4 of the upperclassmen (sophomores thru
Vlada [557]

Answer:

1/4 upperclassmen are not involved in enrichment.

Step-by-step explanation:

"3/4 of the upperclassmen (sophomores thru seniors) are involved in an enrichment." That leaves 1/4 upperclassmen students left. Verification: 3/4 + 1/4 = 4/4. 4/4 is also 1 whole.

6 0
2 years ago
Given: the function defined by f(x)=3x^2-4 Which statement is true? 1. f(0) = 0 2. f(-2) = f(2) 3. f(5)+ f(2) = f(7) 4. f(5) x f
sergeinik [125]
f(x)=3x^2-4 \\ \Downarrow \\ f(0)=3 \times 0^2-4=0-4=-4 \\ -4 \not= 0 \\ f(0) \not= 0 \\
\hbox{statement 1 is false} \\ \\
f(-2)=3 \times (-2)^2-4 =3 \times 4-4=12-4=8 \\
f(2)=3 \times 2^2-4=3 \times 4-4=12-4=8 \\ 8=8
\\ f(-2)=f(2) \\
\hbox{statement 2 is true}

f(5)=3 \times 5^2-4=3 \times 25-4=75-4=71 \\ f(2)=8 \\
f(7)=3 \times 7^2-4=3 \times 49-4=147-4=143 \\
71+8 \not= 143 \\
f(5)+f(2) \not= f(7) \\ \hbox{statement 3 is false} \\ \\
f(5)=71 \\ f(2)=8 \\ f(10)=3 \times 10^2-4=3 \times 100-4=300-4=296 \\
71 \times 8 \not= 296 \\
f(5) \times f(2) \not= f(10) \\
\hbox{statement 4 is false}

Stamement 2. f(-2)=f(2) is true.
3 0
3 years ago
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