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Leona [35]
3 years ago
15

Tim Worker decided to purchase a new DVD player on an installment loan. The DVD player was $365.00. Tim agreed to pay $36.00 per

month for 12 months. What is the finance charge in dollars?
Mathematics
2 answers:
Veronika [31]3 years ago
5 0
I think the answer is $432.00
katovenus [111]3 years ago
5 0
$36 x 12 = $432 total payment

$432 - $365 = $67 finance charge

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Answer:

a) 2,650%

b) 27,400%

c) 164,900%

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0.2 + 0.2(x/100) =0.2(1+x/100)

So, if we want to increase 0.2 in x%, we must multiply it by (1+x/100)

a)

We need to find the value of x such that

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⇒  x/100=26.5 ⇒ x=2,650%

b)

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c)

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0.2(1+x/100) = 330 ⇒ (1+x/100)=330/0.2 ⇒  1+x/100=1,650

⇒  x/100=1,649 ⇒ x=164,900%

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