Answer:
A
Step-by-step explanation:
Tess is going to purchase a new car that has a list price of $29,190. She is planning on trading in her good-condition 2006 Dodge Dakota and financing the rest of the cost over four years, paying monthly. Her finance plan has an interest rate of 10.73%, compounded monthly. Tess will also be responsible for 7.14% sales tax, a $1,235 vehicle registration fee, and a $97 documentation fee. If the dealer gives Tess 75% of the listed trade-in price on her car, once the financing is paid off, what percent of the total amount paid will the interest be? (Consider the trade-in to be a reduction in the amount paid.) <u> ANSWER A</u>
Answer:
(D) "...because he will not have to pay any interest on his purchases during the introductory APR period."
Step-by-step explanation:
There may be many reasons for John to choose one over the other depending on his future and planned usage patterns. However, answer the (D) is the only correct one in terms of stating a reason that is actually supported by the information in the question. Specifically, there is 0% APR for card B.
What's wrong with the other choices:
Choice A: incorrect statement re APR after intro period (is not 1%); B: incorrect statement re cash advance (is not 0%); C: statement is not supported by anything in the information given (it is an assumption, and is unlikely).
Answer:
lesser x is 1
greater x is 3
Step-by-step explanation:
Here, we want to solve the equation so as to get the bigger and the lesser x values
We proceed as follows;
x^2 -4x + 3 = 0
x^2 - x-3x + 3 = 0
x(x-1) -3(x-1) = 0
(x-3)(x-1) = 0
x = 3
or x = 1
Greater x is 3
lesser x is 1
Using the midpoint formula we get:
(x,y)=(0+5/2, 0+12/2) or (5/2, 6) as the midpoint.
