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photoshop1234 [79]
3 years ago
14

Your parents are purchasing a mobile home for $89,000. The sales tax is 4.2%, they make a $3,000 down payment, and they have an

excellent credit score. How much is the interest at the end of the second month if their first month’s payment is $925.67?
Secured Unsecured

Credit APR (%) APR (%)

Excellent 4.75 5.50

Good 5.00 5.90

Average 5.85 6.75

Fair 6.40 7.25

Poor 7.50 8.40




$381.29



$352.95



$379.36



$300.15
Mathematics
1 answer:
Burka [1]3 years ago
7 0

Answer:

The second option ,$ 352.95  is correct

Step-by-step explanation:

The total cost of the home is the list price of $89,000 plus the sales tax of 4.2%

total cost=$89,000+($89,000*4.2%)=$92,738

loan amount=total cost-down payment=92738

-3000=$89738

APR is 4.75% since they have an excellent credit score

interest for first month=89738

*4.75%/12=$ 355.21  

Principal payment in first month=total payment-interest=925.67- 355.21 =$570.46

principal left after first payment=$89,738

-$570.46=$89,167.54  

second month interest payment= 89,167.54*4.75%/12=$ 352.95

The correct option is $ 352.95  which is the second option

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madam [21]

Answer:

B) -3/10 x -6

Step-by-step explanation:

-3/10 x -6=-3 x -6/10

When multiplying two negatives you get a positive.

Hope this helps :)

8 0
3 years ago
Read 2 more answers
Radius = 16 in ; height = 27 in
nataly862011 [7]
Assuming that this problem is asking about a cylinder, the volume can be found using the formula (pi)(r)^2 * h (area of the circle * height) and the surface area can be found using the formula (2)(pi)(r)h (circumference of the circle * height).

Volume = (pi)(16)^2 * 27 = 21,714.688 in^3
Surface Area = (2)(pi)(16) * 27 = 2,714.336 in^2
8 0
2 years ago
A suitcase measures 24 inches long and the dialogue is 30 inches long. How much material is needed to cover one side of the suit
borishaifa [10]

Answer:

432 in.^2

Step-by-step explanation:

The side of the suitcase is a rectangle. One length is 24 inches. The diagonal of the rectangle is 30 inches long. The diagonal is a hypotenuse of a right triangle. The length is a leg. We need to find the other leg.

We use the Pythagorean theorem,

a^2 + b^2 = c^2

(24 in.)^2 + b^2 = (30 in.)^2

576 in.^2 + b^2 = 900 in.^2

b^2 = 324 in.^2

b = sqrt(324 in^2)

b = 18 in

area of rectangle = length * width

A = 24 in. * 18 in.

A = 432 in.^2

6 0
3 years ago
The original price is $60.The sales price is $45. What is the percent of discount?
MariettaO [177]
Hey there!

To start, first subtract 45 from 60 to find the amount of money taken off from the discount:
60-45
=15

Because 15 dollars have been taken off the original price, you can find the percent of discount by setting up this proportion where x represents the percent of discount:
15/60=x/100

Now, cross multiply and solve for x:
1500=60x
x=25

Therefore, your discount would be 25%.

Hope this helps and have a marvelous day! :)
5 0
3 years ago
If 8 km = 5 miles, convert 240 km into miles.<br> Can you give that faster? please.<br> Thank you
topjm [15]

Answer:

that is 149.129 miles (thats the answer)

7 0
3 years ago
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