3 years ago

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:

$304
$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.

You might be interested in

P = 240 – 172 g= 9 x 8/-24 Work out the value of p×q

mel-nik [20]

Step-by-step explanation:

I hope I got it right and I hope this helps

7 0

3 years ago

Find the sum: The blanks r subtraction signs

Evgen [1.6K]

Answer:

$8x^2+6x-17$

Step-by-step explanation:

All that we have to do is add the 3 and 5 so it's basically like combining like terms. So the first blank is 8.

Now we add the x and the 5x which is 6x, all we're doing is adding the x's.

Now we do add the two negative 10 and 7. So what is -10 + - 7 we add them normally but we'll still have the negative in front of them. So it's -17.

6 0

2 years ago

During a 5-day work week, pete was sick for 2 days .what fraction of the work week was he sick?

timofeeve [1]

I think the answer is 2/5

6 0

2 years ago

What does a regulatory buoy with a diamond symbol indicate?

mina [271]

A regulatory buoy with a diamond symbol indicates danger from rock, shoal, wreck etc. Hope this helps!

7 0

3 years ago

Red bird's flight path can be modeled by the quadratic equation y=-x^2+12x-11. What is the vertex? What is the axis of symmetry?

seraphim [82]

Answer:

Step-by-step explanation:

brainly.com/question/1366658

3 0

3 years ago