What would be the finance charge on a 5-year loan for a new Honda Accord costing $32,000 at 3.99% APR? *

1 answer:

8 0

Finance charge = Monthly payment*Months of payment - Borrowed amount = (n*A)-P
n= years*12=5*12= 60 months, P =$32,000, APR=3.99% = 0.0399

Monthly payment (A) ={ APR/12*P}/{1-(1+APR/12)^-n} = {0.0399/12*32000}/{1-(1+0.0399/12)^-60} = $589.18
Therefore,

Finance charge = 589.18*60-32000 = $3,351.06

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How do you write 250% as a fraction, mixed number, or whole number in simplest form?

cupoosta [38]

To find out what a percentage written as a fraction would look like, you first need to convert it into a decimal.
To convert a percentage to a decimal, you either need to divide the percentage by 100, or (my personal shortcut) just move the decimal point over two places to the left.

250% = 2.5

The decimal .5 is equivalent to 1/2, since 50 is half of 100.

250% written as a fraction (well, a mixed number, really) is 2 1/2.
Hope that helped =)

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3 years ago

Betty baked 3 cakes in 4 hours 12. Minutes how long did it take her to bake 1

Murljashka [212]

Answer:

It took Betty 1 hour 24 minutes to bake 1 cake.

Step-by-step explanation:

1) Convert to minutes. 4 hours 12 minutes = 252 minutes

2) Divide by 3 (number of cakes). 252 minutes divided by 3 is equivalent to 1 hour 24 minutes or 84 minutes.