Answer:
<u></u>
Explanation:
The figure contains a table with the monthly payment on a a $100 loan in function of the number of months (term in months) and the annual percent rates (8.00%, 10.00%, 12.00%, 14.00%).
You find the monthly payment on an $100 loan for the terms of the installment loan obtained by Corey Griffin, in the cell resulting from the intersection of the row for 18 months and the column for the rate of 8.00%. That is 5.91.
The meaning of that value is that it must repaid $5.91 monthly, per each $100 of loan.
Hence, for the $1,000, you compute the monthly payment in this way:
- Monthly payment = $1,000 × ( $5.91 / $100) = $59.10
Now, to find the finance charge, compute the total payments and subtract the amount of the loan:
- Total payments = 18 months × $59.10 / month = $1,063.80
- Finance charge = Total payments - loan amount = $1,063.80 - $1,000 = $63.80
Thus, the finance charge is <u>$63.80 (option A).</u>
Answer:
Step-by-step explanation:
Find the slope of the line AB.
<u>The slope:</u>
- m = (11 - 9)/(11 - 7) = 2/4 = 1/2
Since the altitude is perpendicular to AB, it has a slope of -2.
The line with the slope of -2 and passes through point C(6, 16).
<u>Use point-slope equation to find the line:</u>
- y - 16 = -2(x - 6)
- y - 16 = -2x + 12
- y + 2x = 16 + 12
- 2x + y = 28
A = 2, B = 1, C = 28
2:3
it was originally 8:12, but it has to be simplified. 2/3 can also work as an answer.
Answer:
The interquartile range is <em>50.</em>
Step-by-step explanation:
To find our answer we have to first <em>quartile 1</em> and <em>quartile 3</em> are equal too. When we look at the plot <em>quartile 1 </em>is equal to <em>20,</em> <em>quartile 3 </em>is equal to <em>70</em> because it is in between <em>60</em> and <em>80</em>. Now to find the interquartile range we will <em>subtract 70</em> from <em>20</em> and we get <em>50</em>. Therefore, <u><em>50</em></u><em> is our answer.</em>
