If you borrowed $100, then your monthly payment is $2.44
If you borrowed $200, then your monthly payment is 2*2.44 = 4.88
etc etc
We can set up a proportion
2.44/100 = x/13300
to figure out the monthly payment x. Cross multiply and solve for x
2.44*13300 = 100*x
100x = 2.44*13300
100x = 32452
x = 32452/100
x = 324.52
So the monthly payment is $324.52
An alternative way to get this monthly payment is to apply 2.44% to 13300, which is another way to view the phrase "monthly payment per $100 is 2.44"
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There are 48 months in 4 years (start with 12 mon = 1 yr, then multiply both sides by 4) so we multiply 48 by the monthly payment to get the result 48*324.52 = 15,576.96. This is the total amount you have to pay back which is the principal plus interest.
Subtract off the principal (amount borrowed) to find the interest or finance charge: 15,576.96 - 13,300 = 2,276.96
Answer: Choice B
Answer:
Step-by-step explanation:
1) Expand by distributing terms.
2) Collect like terms.
3) Simplify.
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The guys is lying he is gonna get your up 7373
Answer:
1393920
Step-by-step explanation:
Answer:
B. 11.1
Step-by-step explanation:
The sequence is arithmetic, with a first term (a1) of 1.3 and a common difference (d) of 0.2.
The n-th term (an) is given by the equation ...
... an = a1 + (n -1)·d
So, the 50th term is ...
... a50 = 1.3 + (50-1)·0.2 = 1.3 +9.8 = 11.1
