Using simple interest, it is found that:
- The <u>finance charge</u> is of $1,752.
The amount of money after <u>t years </u>in <u>simple interest</u> is modeled by:
In which:
- A(0) is the initial amount.
- r is the interest rate, as a decimal.
In this problem, there is a down payment of $3,000 plus 48 monthly payments of $224, hence, the total amount paid is:
Cash price of $12,000, paid $13,752, hence the finance charge is:
To find the APR, we have that:
- 48 months, hence 4 years, that is .
- Cash price of $12,000, thus the principal is .
- Then, we have to solve the equation for r.
To the nearest half percent, the APR is of 3.5%.
A similar problem is given at brainly.com/question/13176347
Q^12
The rule is that (a^b)^c = a^b(c)
Q^6(2) = Q^12
H(d)=height from water
when he reaches the water, his height from water=0
so set the equation equal to zero and solve
0=-d^2+2d+24
multiply both sides by -1 for ease
0=d^2-2d-24
now find what 2 factors of -24 add up to -2
answer is -6 and 4
0=(d-6)(d+4)
set each to zero
d-6=0
d=6
d+4=0
d=-4
you cannot have negative distance because that means he hasn't jumped yet so get rid of this number
d=6
answer is 6 meters
Answer:
$43,450
Step-by-step explanation:
The last dollar in the ones place is 1.
Since this is less than 5, we have to round down.
Which gets us to 43,450.
Hope this helps! :)