Damon is designing a new dorm for a university. They are trying to create more of an extended family feel so it is to be a 5200
2 answers:
Answer:
Step-by-step explanation:
Area of the new dorm = 5200 square foot
As per ordinance every resident should have the living space for every resident = 350 square feet
As per rule number of residents who can live in this area = = 14.85
As per rule only 14 students can reside in this space.
Damon is not correct.
He should divide the total space 5200 feet² by space required for every resident 350 feet².
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Amount Financed: $2,650
Finance Charge: $484.69
Number of Payments: 36
(Finance Charge)/(Amount Financed)*100$=($484.69)/($2,650)*100$
(Finance Charge)/(Amount Financed)*100$=(0.1829)*100$
(Finance Charge)/(Amount Financed)*100$=$18.29
In the row of number of Payments 36, we look for:
(Finance Charge)/(Amount Financed)*100$=$18.29, and we see to which annual porcentage rate it corresponds in the first row
Answer: 11.25%
Finance Charge: $484.69
Number of Payments: 36
(Finance Charge)/(Amount Financed)*100$=($484.69)/($2,650)*100$
(Finance Charge)/(Amount Financed)*100$=(0.1829)*100$
(Finance Charge)/(Amount Financed)*100$=$18.29
In the row of number of Payments 36, we look for:
(Finance Charge)/(Amount Financed)*100$=$18.29, and we see to which annual porcentage rate it corresponds in the first row
Answer: 11.25%