1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vaselesa [24]
3 years ago
15

You are borrowing $4,000 to purchase a HD plasma TV using a 36 month installment plan. Determine the annual percentage rate (APR

) using the APR formula given that the interest charge is $782.96. Round your answer to the nearest whole percent. a. 0.1196% c. 12% b. 11.50% d. 13%
Mathematics
1 answer:
LekaFEV [45]3 years ago
8 0
Annual Percentage rate (APR) is calculated by the formula:

APR = 72i / {3P(n+1) + i(n-1)}

where:

i = Interest Rate
P = principal amount borrowed
n = number of months of the loan

Given: 

Interest rate = $782.96
Principal amount = $4,000
number of months = 36 months

Substitute the given to the formula:

APR = 72(782.96) / [{3(4000)(36+1)} +  {782.96(36-1)}]
APR = 56,373.12 / {444,000 + 27,403.60}
APR = 56,373.12 / 471,403.60
APR = .1196 X 100    ⇒ Multiply by 100 to get the percentage
APR = 11.96% or 12%  (c)

You might be interested in
Your company is hosting a benefit 5 kilometer race.
Mars2501 [29]
In this question the main part is to convert the kilometer to miles and then writing the answer to the nearest tenth of a mile. the information given in the question is that the race is for a distance of 5 kilometers.
Now we already know
1 km = 0.6214 mile
Then
5 km = ( 0.6214 * 5) miles
         = 3.107 miles
         = 3.11 miles
So the actual distance when converted to miles will be 3.11 miles. I hope this is the answer you were looking for. This is the simplest way for doing such problems and in future you can follow this method to find the answers without the need of any help.
5 0
2 years ago
Read 2 more answers
A number pattern starts with 10 and follows the rule multiply by 3 What is true
lesya692 [45]

Answer:

B) They have a 0 in the ones place.

Step-by-step explanation:

Given

Number pattern that starts with 10.

Rule: Multiply by 3

Required

Select which statement is truth of the pattern.

First, the pattern needs to be listed out.

Given that the pattern starts from 10 and progresses by multiplying current term by 3.

The pattern is as follows;

10, 30, 90, 270, 810, 2430, 7290, .....

By comparing the given options with the above pattern of numbers. We have:

A) They are odd numbers.

This statement is false because the above pattern of numbers are all even and can never be odd

B) They have a 0 in the ones place.

This statement is truth because all the numbers in the above progression ends in 0. This 0 represents the unit of one's place.

Hence, this statement is truth.

C) They have a 3 in the tens place.

This statement is false;

This is so because they have different digits at tens place. The tens place is the digit prior to the last digit of each number.

D) They can be odd or ever numbers.

As pointed out in (A) above, the number can only be even number because the progression starts with an even number (10) and irrespective of what it's been multiplied by, it'll always remain an even number.

Hence,

Only option B is correct/truth.

Others are incorrect

3 0
3 years ago
Which of the following inequalities have no solution over all real numbers? Check all that apply.
Talja [164]

Answer:A,D,E

Step-by-step explanation:

Just did the assignment

4 0
3 years ago
Read 2 more answers
What is the formula of gradient
Nostrana [21]

Answer:

m= rise/run = y2-y1/x2-x1

8 0
2 years ago
Read 2 more answers
20000×50×45×0×23×5×6+229+466+7+5+8+9+1+2+3+45+6+7+8+9+10. Hope you like question don't answer if you don't want to. Have a great
Lemur [1.5K]
815? but have a great day as well!
4 0
3 years ago
Other questions:
  • Is 2 squared irrational
    7·2 answers
  • Marcos drops a bouncy ball from a hieght of 40 feet. The ball loses 10% of its maximum height on each bounce. How high will it b
    5·1 answer
  • Jana buys 2 bags of dog dood for her dog one bag weighs 39 pounds .The other weighs 15 pounds.How many pounds do both bags weigh
    6·2 answers
  • What is the inverse of the function? *<br> f(x)=3x+1
    14·2 answers
  • An engineer estimated the weight of a steel beam to be 600 pounds. The actual weight of the beam was 639 pounds. Find the absolu
    7·2 answers
  • At this rate, how many hours will it take Darin to mow 12 lawns?
    12·1 answer
  • Use a protractor to draw the angle 75 degrees
    7·1 answer
  • X^2+ 6x - 4 = 3x + 6
    14·2 answers
  • One step inequalities
    13·1 answer
  • Which shape is both rectangle and a square?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!