1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vikentia [17]
3 years ago
8

Tom has offered to sell Julian his motorcycle for $1,200. Julian knows this is a very good deal, since the same motorcycle can b

e purchased at the dealership for $1,800. Since Julian doesn’t have $1,200 and Tom does not accept credit cards, they both think a cash advance might be a good idea. Julian’s credit card company can offer him a cash advance for the $1,200 he needs at an interest rate of 26%. He would then pay off the balance in 24 months.
Should Julian use the cash advance to purchase the motorcycle?
a.
No. Julian would be paying too much in interest to warrant using a cash advance.
b.
Yes. Even with the interest, the total cost of the motorcycle would be less than at the dealership.
c.
Yes. The interest rate on the cash advance is low. Julian will not have to pay much interest on the cash advance.
d.
No. The high interest rate on the cash advance would make the purchase of the motorcycle almost twice than the price at the dealership.
Mathematics
2 answers:
AVprozaik [17]3 years ago
4 0
I would say that it is a good deal because if we assume that the problem is about simple interest, then Julian will pay 50 per month times 26% of that. If we add up all the sums,, Julian will pay 1200 + a total interest 312 at the end of 24 months. This totals 1512 which is still cheaper than paying 1800 for a bike in the store.
AnnyKZ [126]3 years ago
3 0

we know that

26\%= \frac{26}{100} =0.26

the total cost of the motorcycle with Julian's credit card company is equal to

(1+0.26)*\$1,200= \$1,512

the cost of the motorcycle at the dealership is \$1,800

so

\$1,512 < \$1,800

therefore

<u>the answer is the option B</u>

Yes. Even with the interest, the total cost of the motorcycle would be less than at the dealership


You might be interested in
Which equation represents a line with a slope of 1⁄2 passing through
kondaur [170]

Answer:

is -4=Y

Step-by-step explanation:

i had that problem

3 0
3 years ago
Rewrite the expression using Distributive Property, then simplify<br><br> -1(x-9)+4x
pentagon [3]
First ask yourselfhat needs to be dristributed.
That would be -1 (x-9)
To distribute you have to multiply the number out side of the parentheses (-1) by each term inside the parentheses( x and -9)
-1×x=-x
-1×-9=9
Now the expression is
-x+9+4x
To simplify you have to combine like terms (4x and-x)
4x-x=3x
Your answer is 9+3x or 3(3+x).
5 0
3 years ago
Mr. Champion invests 34,000 into a money-market fund that pays 4.8% simple interest. How long will it take for him to earn $8,16
Tanzania [10]

Answer:

5 years

Step-by-step explanation:

Step one:

Given Information

Principal= $34,000

rate = 4.8%

SImple interest = $8,160

Required

The time T of the investment

Step two:

the expression for simple interest is

SI= PRT/100

substitute

8160 = 34000*4.8*T/100

cross multiply we have

8160*100= 34000*4.8*T\\\\816000= 163200T\\\\

divide both sides by 163200

816000/163200= T\\\\T= 5 years

4 0
3 years ago
In a candy bar, 165 calories are from sugar. There are 250 calories in the candy bar. What percent of the calories are from suga
icang [17]
You can simply find out the percentage of the calories from the sugar with this formula :

165/250 x 100% 

You will find out that the percentage would be 66 %

hope this helps


4 0
3 years ago
Read 2 more answers
Round 7.21 divided by 7 to the nearest tenth
tensa zangetsu [6.8K]
1 is the answer.

The exact answer is 1.03, but we have to round it to the nearest tenth which is 0 because 3 is less than 5.
8 0
3 years ago
Other questions:
  • Two functions, function A and function B, are shown below:
    11·2 answers
  • Of the 50 states, 4 have names that start with the letter W.
    7·2 answers
  • In Triangle XYZ, A is the midpoint of XY, B is the midpoint of YZ, and C is the midpoint of XZ.
    15·1 answer
  • How do I solve this?
    11·1 answer
  • Which expression represents the largest number?
    13·1 answer
  • Which could be the mensures of three angles of an acute triangle
    10·1 answer
  • What is a drawing that uses a scale to make an object proportionally smaller or lager than the real object.
    7·1 answer
  • Write three different expressions in any form equivalent to each given expressions below.​
    8·1 answer
  • Y varies directly as X , and Y=1.2 when X=1.6.Solve for points.
    6·2 answers
  • HELP ME PLEASE I DONT KNOW WHAT THIS IS!!!!!
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!