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2 years ago

If the lease factor is given 0.00045, what interest rate is that equivalent to

1 answer:

4 0

To convert the lease factor (also called as money factor) into the equivalent interest rate, we simply have to multiply it with 2,400. So we use the formula:

interest rate = 2,400 * lease factor

Therefore,

interest rate = 2,400 * 0.00045

interest rate = 1.08% (ANSWER)

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Answer:

D. f⁻¹(x) = 2x + 10

Explanation:

The given is:

$f(x) = \frac{1}{2}x - 5$

To find the inverse, follow the below procedures:

1- Convert f(x) to y.

This will give:

$y = \frac{1}{2} x - 5$

2- Swap the x and y variables.

This will give:

$x = \frac{1}{2}y - 5$

3- Solve for y.

This will give:

$x = \frac{1}{2}y - 5\\ \\ \frac{1}{2}y = x+5\\ \\ y = 2x+10$

4- Replace the y in the above step with f⁻¹(x).

This will give us:

f⁻¹(x) = 2x + 10

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