Answer:
11
Step-by-step explanation:
Answer:
He lost 29 points
Step-by-step explanation:
He lost 29 points. He lost 5 points for each of the 8 questions so -5 x 8 = -40 points, then add 11 = -29
Since only the principal value, interest rate and interest period are given, we can deduce that "finance charge" only includes the interest to be paid at the end of the term. This can be obtained by subtracting the principal value from the future value which we will solve for.
The future value can be solved by using the following compound interest formula:
Let:
F = Future value
P = Principal value
r<span> = annual interest rate </span>
n<span> = number of times that interest is compounded per year</span>
t<span> = number of years</span>
F = P(1 + r/n)^nt
Substituting the given values:
F = 4250(1 + 0.1325/12)^(12*2)
F = 5531.54
Subtracting P from F:
Finance charge = 5531.54 - 4250 = 1281.54
Therefore the finance charge is $1,281.54
Hello there!
The correct answer is 7
Because 7 * 4 = 28
I hope this helps!
I know this probably isn't helpful to you, but the answer is 15. I suck at showing my work. So I really can't help you there. Sorry I couldn't be more help.
