Answer:
The monthly payments will be $ 36.66, and the finance charge will be $ 100.
Step-by-step explanation:
Since I buy items costing $ 1000 and finance the cost with a fixed installment loan for 30 months at 4% simple interest per year, to determine what is the finance charge and what is my monthly payment, the following calculations must be performed:
1 year = 12 months
30 months / 12 = 2.5 years
(1000 x (1 + (0.04 x 2.5))) / 30 = X
(1000 x (1 + 0.1) / 30 = X
(1000 x 1.1) / 30 = X
1100/30 = X
36,666 = X
Therefore, the monthly payments will be $ 36.66, and the finance charge will be $ 100.
There are two cups in a pint, so by logic of reason, yes, a pint is bigger than a cup.
Hope that helped =)