Answer:
9.3 simplified should be 3 if this isn't the answer then I don't know what is anymore because I just wasted my time if its wrong ;-;
Step-by-step explanation:
also I cant put the explanation sorry it says it has a link or inappropriate words in it when it doesn't.
9.3 divided by 3 is 3 so sense that isn't a fraction or anything i guess 3 is the answer in not to sure-
1. The problem gives the residual value in percentage, and you need it in dollars. So, if the MSRP for the car Jennifer is leasing is $ 17,500, you have:
57%/100=0.57
residual value=$17,500*0.57= $9,975
2. Then, you need to substract the residual value and the lease term, to calculate the value of the car, as below:
car value=$17,500-$9,975=$7,525
3. You need to calculate the money factor, which is the interest rate divided by 2400. Then, you have:
Interest rate=9%/100=0.09
Money factor=0.09x2400
Money factor=0.00375
4. The interest is:
I=($17,500+$9,975)(0.00375)
I=$103.03
5. Therefore, the monthly payment is:
Monthly payment=(car value/36 months)+Interest
Monthly payment=($7,525/36)+$103.03
Monthly payment=$209.02+$103.03
Monthly payment=$312.06
What will Jennifer’s monthly lease payment be?
The answer is: d. $312.06
So percent means parts out of 100
so 12%=12/100=1.2/10=0.12/1=0.12
3.84 is 12% of what
'of' means multiply
'is' means = sign
therefor
3.84=0.12 times what
divide both sides by 0.12
32=what
th enumber is 32
