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Dima020 [189]
3 years ago
6

You buy items costing $1900 and finance the cost with a fixed installment loan for 24 months at 8% simple interest per year.

Mathematics
1 answer:
ddd [48]3 years ago
6 0

9514 1404 393

Answer:

  1. $304
  2. $91.83

Step-by-step explanation:

1. The finance charge is found from the simple interest formula;

  I = Prt

where P is the principal amount, r is the annual rate, and t is the number of years.

24 months is 2 years, so the interest charged is ...

  I = $1900×0.08×2 = $304

The finance charge is $304.

__

2. The monthly payment will be the total amount due, divided by the number of months.

  payment = ($1900 +304)/24 = $2204/24 ≈ $91.83

The monthly payment is $91.83.

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Compré mi despensa en línea (usando la página de un centro comercial) y en total por los productos que adquirí debía pagar $1600
Mekhanik [1.2K]

Answer:

1.235%

Step-by-step explanation:

Paso 1

Calculamos el costo de envío

= $ 1620 - $ 1600

= $ 20

Paso 2

¿Cuál es el porcentaje de mi compra que me cobraron por los gastos de envío?

Esto se calcula como:

(Costo de envío / Cargos totales) × 100

= 20/1620 × 100

= 1.2345679012%

= Aproximadamente = 1.235%

7 0
3 years ago
Suppose you want to get a loan for $ 5 , 000 at an interest rate of 5.3 % for 2 years to be paid back in 24 monthly installments
swat32

Answer:

monthly payment =  $56.445

Step-by-step explanation:

given data

loan = $5000

interest rate r = 5.3 % = 0.053

time  t = 2 year = 24 months

solution

we will use here amount of the monthly payments formula that is

monthly payment = principal × \frac{r}{1+(1-r)^{-t}}      ................1

put here value and we get

monthly payment = 5000 × \frac{0.053}{1+(1-0.053)^{-24}}\\

monthly payment =  $56.445

4 0
3 years ago
Quick algebra 1 question for 10 points!
soldier1979 [14.2K]

Using a calculator, the line of best fit for the function is given by:

y = 51.7x - 5.7.

<h3>How to find the equation of linear regression using a calculator?</h3>

To find the equation, we need to insert the points (x,y) in the calculator. For this problem, a linear regression is used because the data only increases.

From the given table, the points are:

(1, 68), (2,97), (3, 134), (4, 176), (5, 241), (6,335).

Inserting these points on the calculator, the line of best fit for the function is given by:

y = 51.7x - 5.7.

More can be learned about a line of best fit at brainly.com/question/22992800

#SPJ1

8 0
2 years ago
Explain why 8 x ¾ is the same as adding ¾ + ¾ + ¾ + ¾ + ¾
Mekhanik [1.2K]

8 x ¾ is the same as adding ¾ + ¾ + ¾ + ¾ + ¾

because, when you are adding 3/4

8 times, you are 3/4 plus itself,

eight times,

so you are doing 3/4*8

5 0
3 years ago
Read 2 more answers
What kind of variable is this: Rural, Semi-rural, Urban.
kvasek [131]

Answer: Qualititative, Nominal and Categorical

Explanation:

The variable is qualitative since it does not involve numerical data (i.e. numbers). Rather we're dealing with names or labels.

Since names or labels are involved, and there isn't really inherent order to them, we consider this qualitative data to be nominal.

We can also consider it categorical since each label is a category.

4 0
2 years ago
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