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Alexus [3.1K]
3 years ago
5

Sam is paying off his eight-year, $15,360 loan in semiannual installments. The loan has an interest rate of 9.58%, compounded se

miannually, and a service charge of $1,294.64. Once the loan has been fully paid off, what percentage of the total finance charge will the service charge be? Round all dollar values to the nearest cent.
a. 5.48%
b. 8.43%
c. 18.55%
d. 15.65%
Mathematics
2 answers:
zhannawk [14.2K]3 years ago
7 0
15360 =  P {1-(1.0479)^-16 / 0.0479]

15360 /  {1-(1.0479)^-16 / 0.0479]  = P

P = 1396.1604

Sam's total payment = 1396.1604^16  = 22338.56
interest charge = 6978.56
Total finance charge = 8273.20

1294.64/8273.2 x 100 = 15.6486

I think the answer is D. 15.65 %

hope this helps

umka2103 [35]3 years ago
6 0

Answer:

15.65%

Step-by-step explanation:

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Answer:

1. 15x^7y^2 + 4x^3 => x^3(15x^4y^2 + 4)

2. 15x^7y^2 + 3x => 3x(5x^6y^2 + 1)

3. 15x^7y^2 + 6xy => 3xy(5x^6y + 2)

4. 15x^7 + 10y^2 => 5(3x^7 + 2y^2)

Step-by-step explanation:

To obtain the answer to the question, first let us factorise each expression. This is illustrated below:

1. 15x^7y^2 + 4x^3

Common factor is x^3, therefore the expression is written as:

x^3(15x^4y^2 + 4)

2. 15x^7y^2 + 3x

Common factor is 3x, therefore the expression is written as:

3x(5x^6y^2 + 1)

3. 15x^7y^2 + 6xy

Common factor is 3xy, therefore the expression is written as:

3xy(5x^6y + 2)

4. 15x^7 + 10y^2

Common factor is 5, therefore the expression can be written as:

5(3x^7 + 2y^2)

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Step-by-step explanation:

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Two adjacent angles have a total measure of 88 degrees. One of these angles measures 12 degrees. What is the measure of the othe
forsale [732]

Answer:

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Step-by-step explanation:

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Suppose that you had two squares, a small one and a large one. The area of the large square is twice that of the small square. H
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Answer:

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Step-by-step explanation:

Suppose we have a small square (square 1) and a large square (square 2). The area of the large square is twice that of the small square, that is,

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