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<u>Answer-</u>
<em>The total amount of water wasted this year is 6716 gallons.</em>
<u>Solution-</u>
A study indicated that the citizens of Morris-town wasted 5840 gallons of water last year.
This year they wasted 15% more than that amount they wasted previous year.
15% of 5840 is,
The total amount of water wasted this year =
The amount of water wasted previous year + 15% more of the amount of that
= 5840 + 876
= 6716 gallons
Therefore, the total amount of water wasted this year is 6716 gallons
Amount Financed: $2,650
Finance Charge: $484.69
Number of Payments: 36
(Finance Charge)/(Amount Financed)*100$=($484.69)/($2,650)*100$
(Finance Charge)/(Amount Financed)*100$=(0.1829)*100$
(Finance Charge)/(Amount Financed)*100$=$18.29
In the row of number of Payments 36, we look for:
(Finance Charge)/(Amount Financed)*100$=$18.29, and we see to which annual porcentage rate it corresponds in the first row
Answer: 11.25%
Finance Charge: $484.69
Number of Payments: 36
(Finance Charge)/(Amount Financed)*100$=($484.69)/($2,650)*100$
(Finance Charge)/(Amount Financed)*100$=(0.1829)*100$
(Finance Charge)/(Amount Financed)*100$=$18.29
In the row of number of Payments 36, we look for:
(Finance Charge)/(Amount Financed)*100$=$18.29, and we see to which annual porcentage rate it corresponds in the first row
Answer: 11.25%