The correct statement is that Ursula has incurred the finance charge of 46.17% about for the loan amounting to $6400. So, the correct option matching the statement is not as quoted in the options above.
Finance charge can be calculated by summarizing and comparing the principal amount with the annuity amount derived by the formula of compound interest.
<h3>Compound Interest</h3><h3 />
- Finance charge is the additional cost of capital borne by the person to avail the credit facility from the creditor and repayable at the end of a predetermined period at a fixed rate of interest.
- The calculation of compound interest in the essence of information given below will be as,
- With the value of compounded annuity we get the interest as $5887.88
- The cost of percentage of finance charge can be calculated as,
Hence, the correct option is that Ursula has borne the financial charge as 46.17% of her principal.
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brainly.com/question/298229
Answer: simplify 0<-8 no solution
Step-by-step explanation:
This is what I got when I put it in calculator. If u want whole number maybe you can take the decimals off of x.
Number of items an online shopping site sold per second = 420
Number of items it will sell in 30 minutes =
30 minutes = 1800 seconds
Number of items it will sell in 1800 seconds =
= 1800 × 420
= 756,000
∴ This online shopping site will sell 756,000 in 30 minutes .
Answer:
(-1,7)
Step-by-step explanation:
The solution is where both lines meet.