Using simple interest, it is found that:
- The total amount paid was of $7,084.8.
- The finance charge was of $584.8.
- The simple interest rate was of 3%.
<h3>Simple Interest</h3>
Simple interest is used when there is a single compounding per time period.
The amount of interest after t years in is modeled by:
In which:
- r is the interest rate, as a decimal.
In this problem, the amount paid was of 36 monthly payments of
$196.80, hence:
36 x 196.80 = $7084.8.
The total amount paid was of $7,084.8.
The original price is of $6,500, hence the finance charge was of:
7084.8 - 6500 = $584.8.
For interest, we have that:
, hence:
The simple interest rate was of 3%.
More can be learned about simple interest at brainly.com/question/25296782
(1/4)*(8/1)
(1*8)/(4*1)8/42 miles
Answer:
6.5 × 10^-9
Step-by-step explanation:
If there are three sides and each side is 13 meters the do 13 times 3. Which equals 39 . Your answer is 39 m.
Hello!
To find the volume of a cylinder you use the equation
r is radius
h is height
Put in the values you know
square the 5
Multiply the 10 and 25
The answer is D)
Hope this helps!